Carrier Global (CARR) Debt to Equity (2019 - 2026)
Carrier Global (CARR) reported Debt to Equity of $0.88 for Q1 2026, up 11.84% year-over-year from $0.79 in Q1 2025, and up 5.18% on a QoQ basis from $0.84 in Q4 2025.
Carrier Global (CARR) has 8 years of Debt to Equity data on file, last reported at $0.88 in Q1 2026.
- Quarterly Debt to Equity rose 11.84% year-over-year to $0.88 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $0.88 (up 11.84% YoY) and the FY2025 annual result came in at $0.84, down 2.47% from the prior year.
- Debt to Equity improved to $0.88 in Q1 2026 per CARR's latest filing, from $0.84 in the prior quarter.
- Across five years, Debt to Equity topped out at $1.59 in Q4 2023 and bottomed at $0.76 in Q2 2025.
- The 5-year median for Debt to Equity is $1.03 (2023), against an average of $1.03.
- The widest annual swing landed in 2023, when Debt to Equity jumped 44.97%; it then tumbled 45.9% in 2024.
- Tracing CARR's Debt to Equity over 5 years: stood at $1.09 in 2022, then jumped by 44.97% to $1.59 in 2023, then plunged by 45.9% to $0.86 in 2024, then slipped by 2.47% to $0.84 in 2025, then grew by 5.18% to $0.88 in 2026.
- Per Business Quant, the three latest CARR Debt to Equity figures stand at $0.88 (Q1 2026), $0.84 (Q4 2025), and $0.8 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 0.54 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 0.70 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 0.88 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 0.96 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | -12.17 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 1.74 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 0.45 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 0.28 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 0.87 |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.88 |
| Dec 31, 2025 | 0.84 |
| Sep 30, 2025 | 0.80 |
| Jun 30, 2025 | 0.76 |
| Mar 31, 2025 | 0.79 |
| Dec 31, 2024 | 0.86 |
| Sep 30, 2024 | 0.83 |
| Jun 30, 2024 | 0.95 |
| Mar 31, 2024 | 1.42 |
| Dec 31, 2023 | 1.59 |
| Sep 30, 2023 | 1.03 |
| Jun 30, 2023 | 1.06 |
| Mar 31, 2023 | 1.05 |
| Dec 31, 2022 | 1.09 |
| Sep 30, 2022 | 1.19 |
| Jun 30, 2022 | 1.23 |
| Mar 31, 2022 | 1.15 |
| Dec 31, 2021 | 1.37 |
| Sep 30, 2021 | 1.34 |
| Jun 30, 2021 | 1.37 |
| Mar 31, 2021 | 1.43 |
| Dec 31, 2020 | 1.55 |
| Sep 30, 2020 | 2.20 |
| Jun 30, 2020 | 2.76 |
| Mar 31, 2020 | 3.72 |
| Dec 31, 2019 | 0.02 |