Carrier Global (CARR)
Industrials · HVAC systems, building climate control, and cold chain logistics
Carrier Global designs and operates intelligent climate control, heating, cooling, and cold chain solutions for homes, buildings, and transportation via industry-leading brands like Carrier, Viessmann, and Transicold.
What Carrier Global does
Carrier Global Corporation is a global leader in intelligent climate and energy solutions serving residential, commercial, and transportation markets. The company manufactures and distributes air conditioners, heat pumps, heating systems, ventilation products, and building energy management systems through established brands including Carrier, Viessmann, Toshiba, Automated Logic, and Carrier Transicold. Beyond product sales, Carrier provides comprehensive building services—including system design, installation, repair, maintenance, and monitoring—as well as climate control and cold chain solutions for food, medicine, and perishable cargo transport. The company also operates Carrier Energy, a new business model focused on home energy management, grid flexibility, and unlocking energy capacity to support future energy needs.
Themes: ["Building decarbonization / electrification","HVAC innovation","Energy efficiency and demand response","Cold chain / food security","Smart building / IoT digitalization","Aftermarket services and lifecycle solutions","Grid modernization","Commercial building automation"]
Fundamentals
- Price$67.81 as of 2026-07-09 close
- Market cap$56.6B as of 2026-07-10
- 1-year return-10.6% as of 2026-07-09 close
- P/E43.20 as of 2026-07-10
- Net margin+6.0% as of 2026-07-10
- Gross margin+25.2% as of 2026-07-10
- ROE+9.3% as of 2026-07-10
- Debt / equity0.90 as of 2026-07-10
- Revenue growth (YoY)-5.1% as of 2026-07-10
- Revenue CAGR (3y)+7.9% SEC XBRL
- Beta1.30 as of 2026-07-10
Dividend: yield +1.4%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue declined 5.07% year-over-year, suggesting market headwinds or competitive pressure in core climate solutions segments","High leverage with $10.4 billion in long-term debt plus $1.7 billion short-term debt against $37.2 billion in total assets, limiting financial flexibility","Significant goodwill and intangible assets ($21.3 billion combined) create impairment risk if business performance or market valuations deteriorate"]
Competitors & peers
- Johnson Controls International
- Daikin Industries
- Lennox International
- Watsco
- Trane Technologies
- Copeland
- Rheem Manufacturing
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.