Carrier Global (CARR) Debt Ratio (2019 - 2026)

Carrier Global (CARR) reported Debt Ratio of 0.33 for Q1 2026, up 6.55% year-over-year from 0.31 in Q1 2025, and up 2.76% quarter-over-quarter from 0.32 in Q4 2025.

Carrier Global (CARR) Debt Ratio (2019 - 2026) Analysis & Trends

Carrier Global (CARR) has 8 years of Debt Ratio data on file, last reported at 0.33 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.33, up 6.55% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.33 (up 6.55% YoY), and the FY2025 annual result was 0.32, down 3.73% from the prior year.
  • Debt Ratio climbed to 0.33 in Q1 2026 per CARR's latest filing, from 0.32 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.44 in Q4 2023 and troughed at 0.3 in Q2 2025.
  • A 5-year average of 0.34 and a median of 0.33 in 2023 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2023 and 2025: Debt Ratio grew 28.47% in 2023, then declined 25.88% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.34 in 2022, then increased by 28.47% to 0.44 in 2023, then decreased by 24.1% to 0.33 in 2024, then fell by 3.73% to 0.32 in 2025, then grew by 2.76% to 0.33 in 2026.
  • Business Quant data shows CARR's Debt Ratio at 0.33 in Q1 2026, 0.32 in Q4 2025, and 0.31 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.20
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.24
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.33
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.27
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 0.56
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 0.48
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.17
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.36
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.24
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 0.39

Historic Data

Download Data
DateValue
Mar 31, 2026 0.33
Dec 31, 2025 0.32
Sep 30, 2025 0.31
Jun 30, 2025 0.30
Mar 31, 2025 0.31
Dec 31, 2024 0.33
Sep 30, 2024 0.31
Jun 30, 2024 0.33
Mar 31, 2024 0.41
Dec 31, 2023 0.44
Sep 30, 2023 0.33
Jun 30, 2023 0.33
Mar 31, 2023 0.34
Dec 31, 2022 0.34
Sep 30, 2022 0.35
Jun 30, 2022 0.36
Mar 31, 2022 0.35
Dec 31, 2021 0.37
Sep 30, 2021 0.38
Jun 30, 2021 0.38