Carrier Global (CARR) EV to FCF (2020 - 2026)
Carrier Global's (CARR) EV to FCF came in at 18.46 for Q3 2026, down 49.0% from 36.22 a year earlier and down 40.1% from the prior quarter.
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Analysis
Carrier Global (CARR) EV to FCF (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at Carrier Global was 16.66, down 45.8% year-over-year; for FY2025, it was 20.25, down 62.2% from FY2024.
- In prior years, Carrier Global's EV to FCF was 53.52 in FY2024 (+199.6%), 17.86 in FY2023 (-19.0%), 22.05 in FY2022 (-5.4%) and 23.32 in FY2021 (+7.5%).
- The Q3 2026 figure stands as the lowest quarterly EV to FCF since Q4 2023.
- On a year-over-year basis, EV to FCF has declined in each of the last five quarters, with growth averaging 17.4% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q4 2024, with growth of 199.6%; the weakest was Q4 2025, with a decline of 62.2%.
- According to Business Quant data, EV to FCF for the three prior quarters was 30.83 (Q2 2026), 27.21 (Q1 2026) and 20.25 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Trane Technologies | 92.12 Bn | 86.76 Bn | 2.38 Bn |
| 2 | Johnson Controls International | 85.49 Bn | 85.52 Bn | 2.71 Bn |
| 3 | Carrier Global | 43.38 Bn | 38.12 Bn | 1.90 Bn |
| 4 | Comfort Systems Usa | 38.65 Bn | 32.60 Bn | 934.48 Mn |
| 5 | Otis Worldwide | 29.75 Bn | 26.31 Bn | 1.16 Bn |
| 6 | James Hardie Industries | 16.90 Bn | 16.08 Bn | 562.40 Mn |
| 7 | Masco | 16.35 Bn | 14.41 Bn | 720.00 Mn |
| 8 | Allegion | 15.98 Bn | 14.60 Bn | 548.20 Mn |
| 9 | Carlisle Companies | 15.35 Bn | 12.26 Bn | 494.90 Mn |
| 10 | Madison Air Solutions | 12.59 Bn | 9.25 Bn | 422.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.46 |
| Jun 30, 2026 | 30.83 |
| Mar 31, 2026 | 27.21 |
| Dec 31, 2025 | 20.25 |
| Sep 30, 2025 | 36.22 |
| Jun 30, 2025 | 39.22 |
| Mar 31, 2025 | 34.55 |
| Dec 31, 2024 | 53.52 |
| Sep 30, 2024 | 40.29 |
| Jun 30, 2024 | 23.72 |
| Mar 31, 2024 | 25.01 |
| Dec 31, 2023 | 17.86 |
| Sep 30, 2023 | 18.30 |
| Jun 30, 2023 | 18.65 |
| Mar 31, 2023 | 20.29 |
| Dec 31, 2022 | 22.05 |
| Sep 30, 2022 | 22.90 |
| Jun 30, 2022 | 27.62 |
| Mar 31, 2022 | 23.69 |
| Dec 31, 2021 | 23.32 |
API Access
Carrier Global EV to FCF 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-fcf&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();