Carrier Global (CARR) EV to CFO (2020 - 2026)
Carrier Global's EV to CFO came in at 15.35 for Q3 2026, down 42.7% from 26.79 a year earlier and down 38.3% from the prior quarter.
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Analysis
Carrier Global (CARR) EV to CFO (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Carrier Global reported EV to CFO of 13.86, down 39.0% year-over-year; for FY2025, it was 17.09, down 52.3% from FY2024.
- Going back by year, EV to CFO was 35.84 in FY2024 (+141.2%), 14.86 in FY2023 (-17.7%), 18.04 in FY2022 (-8.6%) and 19.74 in FY2021 (+11.5%).
- The Q3 2026 figure represents the lowest quarterly EV to CFO since Q4 2023.
- Year-over-year, EV to CFO has declined for five consecutive quarters, with growth averaging 10.3% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q4 2024 (growth of 141.2%), and the weakest in Q4 2025 (a decline of 52.3%).
- Business Quant data shows CARR's EV to CFO at 24.90 (Q2 2026), 21.74 (Q1 2026) and 17.09 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.35 |
| Jun 30, 2026 | 24.90 |
| Mar 31, 2026 | 21.74 |
| Dec 31, 2025 | 17.09 |
| Sep 30, 2025 | 26.79 |
| Jun 30, 2025 | 30.35 |
| Mar 31, 2025 | 26.31 |
| Dec 31, 2024 | 35.84 |
| Sep 30, 2024 | 30.99 |
| Jun 30, 2024 | 19.44 |
| Mar 31, 2024 | 20.36 |
| Dec 31, 2023 | 14.86 |
| Sep 30, 2023 | 16.10 |
| Jun 30, 2023 | 16.03 |
| Mar 31, 2023 | 17.04 |
| Dec 31, 2022 | 18.04 |
| Sep 30, 2022 | 17.65 |
| Jun 30, 2022 | 20.64 |
| Mar 31, 2022 | 19.25 |
| Dec 31, 2021 | 19.74 |
API Access
Carrier Global EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();