Reading the tape
NYSE: CARR
Carrier Global Corporation
Industrials · Construction
Market Cap
$54.72B
52w High
$81.09
52w Low
$50.24
P/E
41.71
Volume
3.56M
Outstanding Shares
830.58M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -10.29%Revenue (TTM): -1.86%FCF (TTM): 215.4%P/FCF: 79th pct
What changed
The stock fell 10.29% over the last year. Revenue declined 1.86% over the trailing twelve months. Operating margin moved from 12.97% to 8.14%. Free cash flow grew 215.4% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 8.14%. A decisive move in revenue — currently down 1.86% — would be the clearest signal to resolve the ambiguity.
Company profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide.
CEODavid L. Gitlin
SectorIndustrials
IndustryConstruction
Employees48,000
IPO dateMar 19, 2020
Valuation
Forward P/E—
EV/EBITDA19.91
Enterprise value$55.46B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth2.36%
Gross margin24.83%▼3.28%vs FY2024
Operating margin8.14%▼15.98%vs FY2024
ROE10.82%▼72.82%vs FY2024
Analyst consensus
RatingBuy
Target price$67.50▲2.46%
14
Buy
11
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $0.82 · Revenue est $5.95B
View
Dividends
$0.93/shareQuarterly4yr growth streakSafeCARR pays a dividend with a 1.41% dividend yield, 4 consecutive years of growth, growing at 12.77% annually, covered 2.2× by free cash flow.
Dividend Yield
1.41%
Annual Div / Share
$0.93
5yr CAGR
+12.77%
Doubles every ~5.8yr
Payout Ratio
58.76%
Safe
Dividend Growth Rate
3yr CAGR
+7.67%
5yr CAGR
+12.77%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.93+17.0%
2024$0.80+6.7%
2023$0.74+17.3%
2022$0.64+24.5%
2021$0.51—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$14/yr
$1/mo
In 5 yrs
$25/yr+76%
$2/mo
In 10 yrs
$44/yr+211%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$14/yr $1/mo | $25/yr+76% $2/mo | $44/yr+211% $4/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 1.41% → 4.38% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 12.77% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in CARR
STOCK Act disclosures from senators and representatives.
Maria Elvira Salazar
FLhouseRepublicanPurchase2026-05-01$15,001 - $50,000+10d to discloseMaria Elvira Salazar
FLhouseRepublicanPurchase2026-05-01$1,001 - $15,000+10d to disclose
Rick Larsen
WAhouseDemocratPurchase2026-04-07$1,001 - $15,000+9d to disclose