Carrier Global Corporation (CARR) Stock Analysis
Over the past 5 years, Carrier Global (CARR) earnings per share (EPS) declined 5.3% a year, revenue grew 4.5% a year and free cash flow grew 4.2% a year, with a 10-year average return on invested capital (ROIC) of 8.4%. CARR stock trades at $55.24, a P/E of 22.6, in line with its historical average of 23.5. Analysts' average 12-month price target is $70.17 (+27.0%).
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | — | 18.1% | -7.8% | D |
| EPS GrowthEPS | — | -5.3% | -17.0% | F |
| Revenue GrowthRevenue | — | 4.5% | -1.6% | F |
| Cash Flow GrowthCash Flow | — | 4.2% | 250.7% | B+ |
| ROICROIC | 8.4% | 6.5% | 5.4% | C+ |
Exhibit B Valuation Ledger
- Current EPS
- $2.44
- Historical Avg P/E
- 23.5
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $16.51 | $15.95 | $16.28 | $7.10 | $7.60 | $9.01 | $10.17 | $15.44 | $16.30 | $15.66 | |
| Basic EPSEPS | $0.00 | $3.16 | $2.44 | $2.29 | $1.92 | $4.19 | $1.61 | $6.24 | $1.74 | $2.44 | |
| RevenueRevenue | $17,814,000,000 | $18,914,000,000 | $18,608,000,000 | $17,456,000,000 | $20,613,000,000 | $17,288,000,000 | $18,951,000,000 | $22,486,000,000 | $21,747,000,000 | $22,108,000,000 | |
| Free Cash FlowCash Flow | $1,772,000,000 | $1,792,000,000 | $1,820,000,000 | $1,380,000,000 | $1,893,000,000 | $1,426,000,000 | $2,168,000,000 | $44,000,000 | $1,697,000,000 | $1,901,000,000 | |
| ROIC (%)ROIC | 7.1% | 14.8% | 11.0% | 10.7% | 9.5% | 7.9% | 5.9% | 3.6% | 5.4% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
26 firms rate it — 13 buy, 13 hold · Most recent Oct 2026
CARR Stock FAQ
What is CARR's stock price target?
The average 12-month analyst price target for CARR is $70.17, with a range of $61.00 to $80.00. That is +27.0% from the current price of $55.24.
Do analysts rate CARR a buy?
Opinion is mixed. Of 26 firms covering Carrier Global, the ratings are 13 buy or strong buy, 13 hold and 0 sell or strong sell.
How fast is Carrier Global growing?
Annual growth rates for CARR. EPS: -5.3% over 5 years, -17.0% over 1 year. Revenue: 4.5% over 5 years, -1.6% over 1 year. Free cash flow: 4.2% over 5 years, 250.7% over 1 year. Book value per share: 18.1% over 5 years, -7.8% over 1 year.
What is CARR's ROIC?
Carrier Global's return on invested capital (ROIC) was 5.4% in fiscal 2025. Its 10-year average ROIC is 8.4%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is CARR's P/E ratio?
CARR's current P/E ratio is 22.6, compared with a historical average of 23.5. Trailing earnings per share are $2.44.
What is Carrier Global's market cap and stock price?
CARR last traded at $55.24 as of October 19, 2026. Its 52-week range is $50.24 to $76.76. Carrier Global has a market cap of $45.54B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.