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CARR 
Carrier Global Corp (CARR)
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Upturn Advisory Summary
02/27/2026: CARR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $71.66
1 Year Target Price $71.66
| 11 | Strong Buy |
| 5 | Buy |
| 8 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 53.83B USD | Price to earnings Ratio 38.11 | 1Y Target Price 71.66 |
Price to earnings Ratio 38.11 | 1Y Target Price 71.66 | ||
Volume (30-day avg) 25 | Beta 1.33 | 52 Weeks Range 50.03 - 80.43 | Updated Date 02/28/2026 |
52 Weeks Range 50.03 - 80.43 | Updated Date 02/28/2026 | ||
Dividends yield (FY) 1.46% | Basic EPS (TTM) 1.69 |
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 2026-02-05 | When Before Market | Estimate 0.36 | Actual 0.34 |
Profitability
Profit Margin 6.82% | Operating Margin (TTM) 1.92% |
Management Effectiveness
Return on Assets (TTM) 3.53% | Return on Equity (TTM) 10.93% |
Valuation
Trailing PE 38.11 | Forward PE 23.75 | Enterprise Value 63153562034 | Price to Sales(TTM) 2.48 |
Enterprise Value 63153562034 | Price to Sales(TTM) 2.48 | ||
Enterprise Value to Revenue 2.9 | Enterprise Value to EBITDA 17.89 | Shares Outstanding 835843882 | Shares Floating 783545130 |
Shares Outstanding 835843882 | Shares Floating 783545130 | ||
Percent Insiders 6.35 | Percent Institutions 86.04 |
Upturn AI SWOT
Carrier Global Corp
Company Overview
History and Background
Carrier Global Corporation was founded in 1902 by Willis Carrier. It was originally a division of United Technologies Corporation (UTC) and was spun off as an independent public company on April 1, 2020. Carrier is a world leader in heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions.
Core Business Areas
- HVAC: Designs, manufactures, and sells a wide range of heating, ventilation, and air conditioning systems for residential, commercial, and industrial applications. This includes furnaces, air conditioners, heat pumps, and ventilation equipment.
- Refrigeration: Provides transport refrigeration units for trucks, trailers, shipping containers, and rail cars, as well as commercial refrigeration equipment for grocery stores and other retail environments.
- Fire & Security: Offers a comprehensive portfolio of fire detection, suppression, and security solutions, including fire alarms, sprinkler systems, access control, and video surveillance systems for commercial and industrial buildings.
Leadership and Structure
Carrier Global Corporation is led by a Board of Directors and an executive leadership team. The CEO is David Gitlin. The company operates through its three main business segments: HVAC, Refrigeration, and Fire & Security, each with its own management structure.
Top Products and Market Share
Key Offerings
- Competitors: Lennox International (LII),Johnson Controls (JCI),Trane Technologies (TT)
- Market Share Data:
- Product Name 1: Residential HVAC Systems (e.g., Infinity Series): These are high-efficiency heating and cooling systems for homes. Competitors include Lennox International (LII), Johnson Controls (JCI) through its YORK brand, and Trane Technologies (TT). Market share data for specific product lines is not publicly detailed but Carrier is a major player in the residential HVAC market.
- Competitors: Thermo King (Trane Technologies),Kingclima
- Market Share Data:
- Product Name 2: Transport Refrigeration Units (e.g., APX Series): Essential for maintaining temperature-controlled supply chains for food and pharmaceuticals. Key competitors include Thermo King (part of Trane Technologies) and Kingclima. Carrier is a global leader in this segment.
- Competitors: Honeywell (HON),Johnson Controls (JCI),Siemens (SIEGY)
- Market Share Data:
- Product Name 3: Fire Detection and Suppression Systems (e.g., EST Controls): These systems are crucial for safety in commercial buildings. Competitors include Honeywell (HON), Johnson Controls (JCI), and Siemens (SIEGY). Carrier is a significant provider in this sector.
Market Dynamics
Industry Overview
The HVAC, refrigeration, and fire & security industries are driven by demand for energy efficiency, sustainability, smart building technologies, and increasing global urbanization. The HVAC market is influenced by construction activity and replacement cycles. Refrigeration is vital for global trade and food safety. The fire & security market is driven by safety regulations and technological advancements.
Positioning
Carrier is positioned as a leading global provider of essential building and cold chain solutions. Its competitive advantages include a strong brand reputation, extensive product portfolio, global distribution network, and commitment to innovation in energy-efficient and sustainable technologies.
Total Addressable Market (TAM)
The global HVAC market is estimated to be over $200 billion, refrigeration over $70 billion, and fire & security over $100 billion. Carrier operates across these large and growing markets, holding significant market share in key segments, particularly in HVAC and transport refrigeration. Its positioning is strong due to its diversified offerings and global reach.
Upturn SWOT Analysis
Strengths
- Strong global brand recognition and reputation.
- Diversified business segments (HVAC, Refrigeration, Fire & Security).
- Extensive global distribution and service network.
- Innovation in energy-efficient and sustainable solutions.
- Established customer relationships and recurring service revenue.
Weaknesses
- Dependence on construction cycles and economic downturns.
- Integration challenges from past and future acquisitions.
- Exposure to raw material price fluctuations.
- Competition from smaller, specialized players in certain niches.
Opportunities
- Growing demand for sustainable and energy-efficient products (e.g., heat pumps, smart thermostats).
- Expansion in emerging markets with increasing infrastructure development.
- Leveraging digital technologies for smart buildings and IoT solutions.
- Growth in the cold chain logistics sector.
- Strategic acquisitions to expand product portfolio or market reach.
Threats
- Intensifying competition and price pressures.
- Regulatory changes related to refrigerants and energy efficiency standards.
- Global economic slowdowns impacting construction and consumer spending.
- Supply chain disruptions and geopolitical instability.
- Cybersecurity risks related to connected products.
Competitors and Market Share
Key Competitors
- Trane Technologies (TT)
- Johnson Controls International plc (JCI)
- Honeywell International Inc. (HON)
- Lennox International Inc. (LII)
Competitive Landscape
Carrier competes in a fragmented but consolidated market. Its advantages lie in its global scale, brand equity, and comprehensive product offerings. However, it faces strong competition from technologically advanced rivals and price-sensitive segments.
Major Acquisitions
Viessmann Climate Solutions
- Year: 2023
- Acquisition Price (USD millions): 12000
- Strategic Rationale: To significantly expand Carrier's HVAC business, particularly in Europe, and to enhance its portfolio of sustainable heating and cooling solutions. This acquisition positions Carrier as a leader in the growing heat pump market.
Toshiba's air conditioning business (Carrier Commercial Systems)
- Year: 2018
- Acquisition Price (USD millions): 864
- Strategic Rationale: To strengthen Carrier's presence in the global HVAC market, especially in Japan and Asia, and to expand its commercial air conditioning product offerings.
Growth Trajectory and Initiatives
Historical Growth: Carrier has experienced consistent revenue growth over the past few years, driven by its diversified portfolio and strategic focus on sustainability and innovation. The spin-off from UTC provided greater strategic flexibility.
Future Projections: Analyst estimates project continued revenue and earnings growth for Carrier, driven by strong demand in its core markets, benefits from the U.S. infrastructure bill, and ongoing energy efficiency initiatives. Growth is expected to be fueled by both organic expansion and targeted acquisitions.
Recent Initiatives: Carrier has recently focused on sustainability, launching new products with lower environmental impact. The company has also been active in acquisitions to strengthen its offerings in areas like digital solutions and fire safety. Integration of recent acquisitions, such as Viessmann Climate Solutions, is a key initiative.
Summary
Carrier Global Corp is a robust industrial company with strong market positions in HVAC, refrigeration, and fire & security. Its recent acquisition of Viessmann Climate Solutions significantly bolsters its European presence and commitment to sustainable climate solutions. While facing competition and economic sensitivities, Carrier's diversified business, focus on innovation, and strategic acquisitions point to a positive growth trajectory. Continued successful integration of acquisitions and navigating supply chain challenges will be key.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Carrier Global Corp official investor relations website
- SEC filings (10-K, 10-Q)
- Financial news outlets (e.g., Wall Street Journal, Bloomberg)
- Market research reports
Disclaimers:
This JSON output provides a structured overview of Carrier Global Corp based on publicly available information. Financial data is presented for illustrative purposes and may be subject to change. This analysis is not investment advice, and readers should conduct their own due diligence before making any investment decisions.
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 47000 | Website https://www.carrier.com |
Full time employees 47000 | Website https://www.carrier.com | ||
Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket components, and repair and maintenance and rental services, as well as modernization and upgrades to meet the heating, cooling, and ventilation needs of residential and commercial customers. It also 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, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
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