CARRIER GLOBAL Corp (CARR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does CARRIER GLOBAL Corp Do?
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida. CARRIER GLOBAL Corp (CARR) is classified as a large-cap stock in the Industrials sector, specifically within the Machinery industry. The company is led by CEO David L. Gitlin and employs approximately 52,000 people. With a market capitalization of $47.5B, CARR is one of the prominent companies in the Industrials sector.
CARRIER GLOBAL Corp (CARR) Stock Rating — Reduce (April 2026)
As of April 2026, CARRIER GLOBAL Corp receives a Reduce rating with a composite score of 45.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.CARR ranks #2,642 out of 4,446 stocks in our coverage universe. Within the Industrials sector, CARRIER GLOBAL Corp ranks #428 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CARR Stock Price and 52-Week Range
CARRIER GLOBAL Corp (CARR) currently trades at $63.34. The stock gained $1.88 (3.1%) in the most recent trading session. The 52-week high for CARR is $81.09, which means the stock is currently trading -21.9% from its annual peak. The 52-week low is $50.24, putting the stock 26.1% above its annual trough. Recent trading volume was 7.5M shares, reflecting moderate market activity.
Is CARR Overvalued or Undervalued? — Valuation Analysis
CARRIER GLOBAL Corp (CARR) carries a value factor score of 58/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 23.09x, compared to the Industrials sector average of 28.33x — a discount of 18%. The price-to-book ratio stands at 3.28x, versus the sector average of 2.23x. The price-to-sales ratio is 2.02x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, CARR trades at 16.34x EV/EBITDA, versus 5.70x for the sector.
Overall, CARR's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
CARRIER GLOBAL Corp Profitability — ROE, Margins, and Quality Score
CARRIER GLOBAL Corp (CARR) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 14.2%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 5.4% versus the sector average of 3.3%.
On a margin basis, CARRIER GLOBAL Corp reports gross margins of 26.0%, compared to 35.8% for the sector. The operating margin is 12.3% (sector: 6.2%). Net profit margin stands at 8.7%, versus 3.9% for the average Industrials stock. Revenue growth is running at -6.0% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
CARR Debt, Balance Sheet, and Financial Health
CARRIER GLOBAL Corp has a debt-to-equity ratio of 163.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.20x, suggesting adequate working capital coverage. Total debt on the balance sheet is $11.92B. Cash and equivalents stand at $1.42B.
CARR has a beta of 1.08, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for CARRIER GLOBAL Corp is 59/100, reflecting average volatility within the normal range for its sector.
CARRIER GLOBAL Corp Revenue and Earnings History — Quarterly Trend
In TTM 2026, CARRIER GLOBAL Corp reported revenue of $22.89B and earnings per share (EPS) of $1.74. Net income for the quarter was $2.01B. Gross margin was 26.0%. Operating income came in at $2.83B.
In FY 2025, CARRIER GLOBAL Corp reported revenue of $21.75B and earnings per share (EPS) of $1.74. Net income for the quarter was $1.59B. Revenue grew -3.3% year-over-year compared to FY 2024. Operating income came in at $2.17B.
In Q3 2025, CARRIER GLOBAL Corp reported revenue of $5.58B and earnings per share (EPS) of $0.50. Net income for the quarter was $455M. Revenue grew -6.8% year-over-year compared to Q3 2024. Operating income came in at $539M.
In Q2 2025, CARRIER GLOBAL Corp reported revenue of $6.11B and earnings per share (EPS) of $0.69. Net income for the quarter was $633M. Revenue grew 3.0% year-over-year compared to Q2 2024. Operating income came in at $903M.
Over the past 8 quarters, CARRIER GLOBAL Corp has demonstrated a growth trajectory, with revenue expanding from $5.93B to $22.89B. Investors analyzing CARR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CARR Dividend Yield and Income Analysis
CARRIER GLOBAL Corp (CARR) does not currently pay a dividend. This is common among growth-oriented companies in the Machinery industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
CARR Momentum and Technical Analysis Profile
CARRIER GLOBAL Corp (CARR) has a momentum factor score of 40/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CARR vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, CARRIER GLOBAL Corp (CARR) ranks #428 out of 752 stocks based on the Blank Capital composite score. This places CARR in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing CARR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CARR vs S&P 500 (SPY) comparison to assess how CARRIER GLOBAL Corp stacks up against the broader market across all factor dimensions.
CARR Next Earnings Date
No upcoming earnings date has been announced for CARRIER GLOBAL Corp (CARR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CARR? — Investment Thesis Summary
The quantitative profile for CARRIER GLOBAL Corp suggests caution.
In summary, CARRIER GLOBAL Corp (CARR) earns a Reduce rating with a composite score of 45.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CARR stock.
Related Resources for CARR Investors
Explore more research and tools: CARR vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CARR head-to-head with peers: CARR vs SOBO, CARR vs TEN, CARR vs GLDD.