Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Carrier Global Corp

CARR · NYSE · Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip

Fundamental quality

DEMANDING

40

out of 100

Breakdown by area

I.GrowthEPS growth: -26.2% · Revenue growth: 7.5%
9
II.ProfitabilityNet margin: 6% · ROE: 9.5%
54
III.Financial healthNet debt/EBITDA: 3.26x · FCF: 7.7%
57

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • No clearly standout strengths by the system's thresholds.

Risks and weaknesses

  • Declining earnings per share (-26.2% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$20,613M$1,701M$1,893M$6,709M
2022$17,288M$3,534M$1,426M$5,544M
2023$18,951M$1,349M$2,168M$4,441M
2024$22,486M$5,604M$44M$8,309M
2025$21,747M$1,484M$2,121M$9,918M

Between 2021 and 2025, revenue went from $20,613M to $21,747M (+6%) and net income went from $1,701M to $1,484M (-13%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Carrier Global Corp a profitable company?

Carrier Global Corp is profitable, with a net margin of 6%, though a thin one.

Does Carrier Global Corp have a lot of debt?

Yes, its leverage is high: net debt is 3.26 times its EBITDA.

Is Carrier Global Corp growing?

Its revenue has grown 7.5% annualized in recent years.

Does Carrier Global Corp generate cash?

Yes. It converts about 7.7% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Carrier Global Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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