Fundamental analysis · SEC EDGAR · TTM through 30/09/2026
CARR · NYSE · Industrial
Fundamental quality
36
out of 100
Carrier Global Corp is going through a tough financial stretch: it hasn't been profitable over the last twelve months. On fundamental quality it scores 36 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (net margin -7.9%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Carrier Global is a world leader in climate control: air conditioners, heat pumps and commercial refrigeration, with the brand that literally invented modern air conditioning. Spun off from United Technologies, it has refocused on climate and energy.
Revenue growth: 4.8%
Net margin: -7.9% · ROE: -17.3%
Net debt/EBITDA: 51.28x · FCF: 10.4%
Source: SEC EDGAR · TTM through 30/09/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.
Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 17,456 | 2,006 | 1,380 | 7,112 |
| 2021 | 20,613 | 1,701 | 1,893 | 6,709 |
| 2022 | 17,288 | 3,534 | 1,426 | 5,544 |
| 2023 | 18,951 | 1,349 | 2,168 | 4,441 |
| 2024 | 22,486 | 5,604 | 44 | 8,309 |
| 2025 | 21,747 | 1,484 | 2,121 | 9,918 |
Between 2020 and 2025, revenue went from $17,456M to $21,747M (+25%) and net income went from $2,006M to $1,484M (-26%). Meanwhile, its margins have narrowed (from 11% to 7%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the nine months ended September 30, 2026, versus the nine months ended September 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.68
per share, yearly
52% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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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).
Compute the valuation →Is Carrier Global Corp a good company to invest in?
In terms of business quality, Carrier Global Corp scores 36 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Carrier Global Corp a profitable company?
Over the last twelve months, no: Carrier Global Corp posts a negative net margin (-7.9%).
Does Carrier Global Corp have a lot of debt?
Yes, its leverage is high: net debt is 51.28 times its EBITDA, and it has been rising.
Is Carrier Global Corp growing?
Its revenue has grown 4.8% annualized in recent years.
Does Carrier Global Corp generate cash?
Yes. It converts about 10.4% of its revenue into free cash flow, and has done so positively year after year.
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.
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Who's behind the methodology and model · how the score is computed
Data: see Carrier Global Corp's filings on EDGAR
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