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CARR 
Carrier Global Corp (CARR)
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Upturn Advisory Summary
11/05/2025: CARR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
25 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $72.94
1 Year Target Price $72.94
| 11 | Strong Buy |
| 5 | Buy |
| 8 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.95% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 48.47B USD | Price to earnings Ratio 36.2 | 1Y Target Price 72.94 |
Price to earnings Ratio 36.2 | 1Y Target Price 72.94 | ||
Volume (30-day avg) 25 | Beta 1.29 | 52 Weeks Range 53.68 - 80.78 | Updated Date 11/5/2025 |
52 Weeks Range 53.68 - 80.78 | Updated Date 11/5/2025 | ||
Dividends yield (FY) 1.56% | Basic EPS (TTM) 1.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-28 | When Before Market | Estimate 0.57 | Actual 0.67 |
Profitability
Profit Margin 18.05% | Operating Margin (TTM) 9.55% |
Management Effectiveness
Return on Assets (TTM) 3.81% | Return on Equity (TTM) 9.98% |
Valuation
Trailing PE 36.2 | Forward PE 18.45 | Enterprise Value 60215245099 | Price to Sales(TTM) 2.2 |
Enterprise Value 60215245099 | Price to Sales(TTM) 2.2 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 13.24 | Shares Outstanding 842209781 | Shares Floating 789908554 |
Shares Outstanding 842209781 | Shares Floating 789908554 | ||
Percent Insiders 6.09 | Percent Institutions 87.79 |
Upturn AI SWOT
Carrier Global Corp
Company Overview
History and Background
Carrier Global Corporation was spun off from United Technologies in April 2020. It traces its roots back to Willis Carrier, who invented modern air conditioning in 1902. The company focuses on HVAC, refrigeration, and fire and security solutions.
Core Business Areas
- HVAC: Provides heating, ventilating, and air conditioning systems and services for residential, commercial, and industrial applications.
- Refrigeration: Offers transport refrigeration and commercial refrigeration solutions, including equipment and aftermarket parts.
- Fire & Security: Delivers fire safety and security solutions, including fire detection, suppression, access control, and video surveillance.
Leadership and Structure
Carrier Global is led by CEO David Gitlin. The organizational structure is divisional, with each business segment having its own leadership team and operational responsibilities.
Top Products and Market Share
Key Offerings
- Air Conditioners: Residential and commercial air conditioning units. Competitors include Trane Technologies (TT), Lennox International (LII), and Daikin Industries. Carrier holds a significant market share in North America, though precise figures fluctuate and are difficult to pinpoint in a rapidly changing market.
- Transport Refrigeration Units: Refrigeration units for trucks, trailers, and containers under the brand name Carrier Transicold. Competitors include Thermo King (Ingersoll Rand - IR) and others. Carrier Transicold holds a leading market position.
- Fire Detection & Alarm Systems: Fire detection and alarm systems for commercial and industrial buildings. Competitors include Honeywell (HON) and Johnson Controls (JCI). Market share is competitive.
Market Dynamics
Industry Overview
The HVAC, refrigeration, and fire & security industries are driven by factors such as construction activity, urbanization, climate change, and regulatory requirements for energy efficiency and safety.
Positioning
Carrier Global is a leading provider of HVAC, refrigeration, and fire & security solutions. It has a strong brand reputation, global presence, and extensive distribution network. Competitive advantages include technological innovation and customer service.
Total Addressable Market (TAM)
The global HVAC market is estimated to be over $300 billion, refrigeration is over $100 billion, and fire & security is over $150 billion. Carrier is positioned to capture a portion of these markets through its diverse product portfolio and global reach.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Global presence
- Extensive distribution network
- Technological innovation
- Diverse product portfolio
Weaknesses
- Exposure to cyclical industries
- Dependence on raw material prices
- Integration risks associated with acquisitions
- Highly competitive market
Opportunities
- Growing demand for energy-efficient solutions
- Expansion into emerging markets
- Increasing adoption of smart home technology
- Strategic acquisitions to expand product offerings
Threats
- Economic downturns
- Rising raw material costs
- Intense competition
- Changing regulatory landscape
- Disruptive technologies
Competitors and Market Share
Key Competitors
- TT
- LII
- HON
- JCI
- IR
Competitive Landscape
Carrier Global has a strong competitive position, but faces intense competition from established players and emerging companies. The company's advantages include its brand reputation, global reach, and diverse product portfolio. Disadvantages include exposure to cyclical industries and integration risks.
Major Acquisitions
Nlyte Software
- Year: 2021
- Acquisition Price (USD millions): 0
- Strategic Rationale: Expanded Carrier's Abound platform with data center infrastructure management.
Growth Trajectory and Initiatives
Historical Growth: Carrier's growth is influenced by demand for HVAC, refrigeration, and fire & security solutions. Review recent earnings reports to see specific growth figures.
Future Projections: Analyst estimates can be found on major financial news websites (e.g., Yahoo Finance, Bloomberg).
Recent Initiatives: Carrier has focused on strategic acquisitions, digital transformation, and sustainability initiatives.
Summary
Carrier Global is a major player in HVAC, refrigeration, and fire & security, with a strong brand and global reach. Its diverse portfolio and commitment to innovation are strengths. However, it faces cyclical demand, competition, and raw material price risks. Strategic acquisitions and expansion into emerging markets could fuel future growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Carrier Global Corporation Investor Relations
- Company Filings (10-K, 10-Q)
- Industry Reports
- Financial News Outlets (e.g., Yahoo Finance, Bloomberg)
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary depending on the source. Financial data should be verified through official company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Carrier Global Corp
Exchange NYSE | Headquaters Palm Beach Gardens, FL, United States | ||
IPO Launch date 2020-04-03 | Chairman & CEO Mr. David L. Gitlin | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 48000 | |
Full time employees 48000 | |||
Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates in two segments, Heating, Ventilating and Air Conditioning (HVAC), and Refrigeration. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, heat pumps, building automation systems, aftermarket components, and repair and maintenance services and rentals, as well as modernization and upgrades. The Refrigeration segment offers transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, and intermodal and rail applications. The company offers its products under the Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
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