Carrier Global Corporation (CARR) Stock Price & Analysis
Carrier Global Corporation (CARR) closed at USD 56.48 on Thursday, October 22, 2026, up 0.02% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 56.47; the Oct 22, 2026 session ranged USD 54.71–56.73 on volume of 5,998,259 shares. Market capitalization is $46.56B, with a 52-week range of USD 50.24–76.76 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CARR.md
Key facts (CARR)
- Last four reported quarters (through Jun 30, 2026): revenue $22.1B, net income $1.22B (5.5% margin), free cash flow $1.93B (SEC filings).
- 4 of 80 tracked superinvestors hold CARR (13F, Q2 2026): 1 new, 2 added, 0 reduced, 1 unchanged.
- Total return with dividends: 1Y +0.4% vs S&P 500 +14.9%; 5Y +10.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.77, revenue estimate $6.09B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CARR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $20.6B | $17.3B | $19.0B | $22.5B | $21.7B | $22.1B |
| Gross profit | — | $4.30B | $5.16B | $5.98B | — | — |
| Operating income | $2.65B | $3.98B | $2.16B | $2.65B | $2.17B | $1.72B |
| Net income | $1.70B | $3.53B | $1.35B | $5.60B | $1.48B | $1.22B |
| EPS (diluted) | $1.87 | $4.10 | $1.58 | $6.15 | $1.72 | — |
| Free cash flow | $1.89B | $1.43B | $2.17B | $44.0M | $2.12B | $1.93B |
| Gross margin | — | 24.9% | 27.2% | 26.6% | — | — |
| Operating margin | 12.8% | 23.0% | 11.4% | 11.8% | 10.0% | 7.8% |
| Net margin | 8.3% | 20.4% | 7.1% | 24.9% | 6.8% | 5.5% |
| Revenue growth | +18.1% | -16.1% | +9.6% | +18.7% | -3.3% | — |
| Cash + short-term investments | $2.99B | $3.30B | $9.85B | $3.97B | $1.55B | — |
| Total debt | $9.70B | $8.84B | $14.3B | $12.3B | $11.5B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CARR)
P/E at fiscal year-ends: Dec 2025 30.7x, Dec 2024 11.1x, Dec 2023 36.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (CARR)
4 of 80 tracked investors hold CARR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 1.73% | $160M | Added +3.6% |
| Dodge & Cox Funds | Dodge & Cox | 1.06% | $2.02B | Added +3.2% |
| Thomas Gayner | Markel Group | 0.13% | $17.2M | Unchanged |
| Mairs & Power | Mairs & Power Funds | <0.01% | $204K | New position |
Analysts (CARR)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Mizuho | Target lowered | Outperform | $75 → $70 |
| 2026-10-14 | Goldman Sachs | Downgrade | Buy → Neutral | $74 → $61 |
| 2026-10-14 | RBC Capital | Target lowered | Outperform | $82 → $72 |
| 2026-10-07 | Bernstein | Target lowered | Market Perform | $78 → $64 |
| 2026-09-30 | Goldman Sachs | Target lowered | Buy | $85 → $74 |
| 2026-09-25 | Wells Fargo | Initiated | Overweight | $67 |
| 2026-07-13 | Citigroup | Target raised | Buy | $79 → $80 |
Total return (dividends reinvested) (CARR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +0.4% | +10.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +0.4% | +2.1% |
| Volatility (annualized) | 35.1% | 32.9% |
| Max drawdown | -28.9% (Jun 2026→Sep 2026) | -39.4% (Nov 2021→Jun 2022) |
Companies that name CARR in their SEC reports
| Relationship to CARR | Company | Filing | Sentence |
|---|---|---|---|
| partner | AirJoule Technologies Corp. (AIRJ) | 10-K Mar 31, 2026 | “We are commercializing and scaling manufacturing of our AirJoule systems through our global collaborations, including our 50/50 joint venture with GE Vernova Inc. (NYSE: GEV) and our commercial partnerships with Carrier Global Corporation (NYSE: CARR) and TenX Investment in Energy Enterprises & Management Co. We believe that deploying AirJoule systems worldwide will unleash the power of water from air and help to …” |
| partner | WATSCO INC (WSO) | 10-K Feb 27, 2026 | “Joint Ventures with Carrier Global Corporation” |
CARR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.77 | $0.86 | -10.8% | $6.09B | 22 |
| Next quarter (ends Dec 2026) | $0.71 | $0.57 | +24.5% | $5.58B | 21 |
| Current fiscal year (ends Dec 2026) | $2.88 | $2.80 | +2.8% | $23.32B | 26 |
| Next fiscal year (ends Dec 2027) | $3.31 | $3.21 | +3.0% | $24.64B | 26 |
CARR options: expected move
Options price a move of about ±6.8% (±$3.85) by Oct 30, 2026, which includes earnings on Oct 29, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 57.0% | ±6.8% |
| Nov 6, 2026 | 14 | 46.6% | ±7.5% |
| Nov 13, 2026 | 21 | 42.9% | ±8.4% |
| Nov 20, 2026 | 28 | 40.8% | ±9.2% |
| Nov 27, 2026 | 35 | 39.2% | ±9.8% |
| Dec 4, 2026 | 42 | 37.6% | ±10.3% |
| Dec 18, 2026 | 56 | 37.2% | ±11.9% |
| Jan 15, 2027 | 84 | 35.3% | ±13.7% |
30-day implied volatility 39.4% vs 20.3% realized over the last 30 trading days. Put/call ratio (volume) 1.89. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 56.48 |
|---|---|
| Change | ▲ 0.02% (up) |
| Previous Close | USD 56.47 |
| Open | USD 55.69 |
| Day Range | USD 54.71 – 56.73 |
| 52-Week Range | USD 50.24 – 76.76 |
| Volume | 5,998,259 shares |
| Market Cap | $46.56B |
| Exchange | NYQ |
Technical Analysis (CARR)
Nexqual's technical model rates CARR "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 49.91 (neutral) |
| vs SMA50 | Below (USD 57.1) |
| MACD | -0.32 (negative) |
Earnings (CARR)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.77 |
| Revenue Estimate | $6.09B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.86 vs est 0.82 ▲ beat |
| 2026-03-31 | USD 0.57 vs est 0.51 ▲ beat |
| 2025-12-31 | USD 0.34 vs est 0.36 ▼ miss |
| 2025-09-30 | USD 0.67 vs est 0.57 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (CARR)
| Total Revenue | $22.11B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.90% |
| Gross Margin | +24.69% |
| Operating Margin | +13.07% |
| Profit Margin | +5.52% |
| ROE | +8.97% |
| Debt / Equity | 0.92 |
| Current Ratio | 1.02 |
| Total Cash | $1.34B |
| Total Debt | $12.39B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.93B (8.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financial Health Score (CARR)
Nexqual rates Carrier Global Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:27 UTC.
| Growth | Weak — Revenue -3% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 25%, operating 13% (last 12 months) |
| Balance Sheet | Mixed — $1.34B cash and investments vs $11.2B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $1.93B (last 4 quarters to Jun 2026, SEC), 9% margin |
| Efficiency | Mixed — ROE 9%, ROA 3.0% |
Ownership (CARR)
| Insider Ownership | +4.76% |
|---|---|
| Institutional Ownership | +89.92% |
| Shares Outstanding | 824.33M |
| Float | 784.08M |
| Short % of Float | +3.21% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JCI | Johnson Controls International | USD 143 | ▼ 5.31% |
| TT | Trane Technologies plc | USD 448.8 | ▼ 4.8% |
| MAS | Masco Corporation | USD 78.05 | ▲ 4.68% |
| CSL | Carlisle Companies Incorporated | USD 352.6 | ▲ 3.68% |
| LII | Lennox International, Inc. | USD 378.72 | ▲ 3.37% |
| MAIR | Madison Air Solutions Corporati | USD 23.08 | ▼ 0.6% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
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