Carrier Global
NYSE: CARR
Stock price
53.28 USD
(+2.01%) 5 years
Financial Performance
5Y price score: 3
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 343.8%
%
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50.2
52-week range
76.7
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
5.3 %
Dividend Yield TTM
1.8 %
Market cap $
$ 43,920
Price / Earnings TTM
(24)
Price / Book TTM
4.4
PEG TTM
0.3
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(11.2) %
8.4 %
343.8 %
Free cash flow per share growth
214.4 %
27.8 %
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Earnings per share growth
(732) %
(24.4) %
-
Founded: 2,020
Employees: 48,000
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Oct 29, 2026)
1) Strong Financial Performance
- Organic sales grew 15% YoY, with adjusted operating profit increasing by 35%.
- Adjusted EPS rose 30%, or approximately 15% when excluding IEEPA refunds.
- Year-to-date free cash flow reached $1.5 billion.
- Global orders increased by 35%, with commercial orders up over 60% and data center orders soaring 300%.
- Record backlog of over $8.5 billion, excluding minimum volume commitments.
2) Strategic Growth Initiatives
- Carrier is focusing on long-cycle commercial growth, expanding aftermarket revenue, and improving residential markets.
- New advanced manufacturing facility in Fort Worth, Texas, will create 1,500 jobs and enhance production capacity.
- Leadership changes in the CSA segment to optimize growth and earnings potential.
- Continued investment in innovative product offerings, including new air-cooled chillers and digital building management systems.
3) Market Dynamics and Challenges
- Input cost headwinds of $550 million-$600 million due to tariffs and supply chain inefficiencies.
- Pricing realization has been lower than expected, particularly in the residential segment, leading to margin pressures.
- The residential HVAC market is recovering, with expectations of unit sales tracking between 7.5 million and 8 million units.
- Competition from non-U.S. imports is impacting pricing power in the residential sector.
4) Operational Outlook and Guidance
- Full-year sales expected to reach nearly $24 billion, with organic growth of about 10%.
- Adjusted EPS guidance for the full year is set at $2.85-$2.90.
- Anticipated carryover inflation and input cost challenges into 2027, with plans for additional price increases of up to 10%.
- Strong backlog and accelerating demand position Carrier for another year of double-digit EPS growth.
5) Missing Information and Conclusion
- The transcript does not provide detailed guidance for 2027, leaving some uncertainty regarding future margin improvements and specific operational challenges.
- Bottom line: Carrier's robust growth in sales and orders, alongside strategic investments and leadership adjustments, positions the company well for sustained growth despite current input cost pressures and competitive challenges in the residential market. Shareholders can expect continued strong performance driven by a solid backlog and innovative product offerings.
Annual Reports, Presentations And IR Contacts
Go to the websiteCarrier Global — Financial Overview, Stock Price, Market Cap
Carrier Global is a company. Founded in 2020. As of October 30, 2026, the company's market capitalization is $43920039037 with a current stock price of $53.28.