Carrier Global (CARR) Invested Capital (2019 - 2026)
Carrier Global's Invested Capital came in at $21.9 billion for Q3 2026, down 18.2% from $26.76 billion a year earlier and down 13.9% from the prior quarter.
Powered by 
Analysis
Carrier Global (CARR) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Carrier Global's Invested Capital was $25.96 billion, down 3.0% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- Going back by year, Invested Capital was $26.76 billion in FY2024 (+14.8%), $23.3 billion in FY2023 (+37.7%), $16.92 billion in FY2022 (+0.8%) and $16.79 billion in FY2021 (-0.1%).
- The Q3 2026 figure represents the lowest quarterly Invested Capital since Q3 2023.
- Year-over-year, Invested Capital increased in two of the last eight quarters, with an average decline of 3.2%.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2024 (growth of 66.3%), and the weakest in Q3 2026 (a decline of 18.2%).
- Business Quant data shows CARR's Invested Capital at $25.42 billion (Q2 2026), $25.96 billion (Q1 2026) and $25.96 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 13.35 Bn |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 22.92 Bn |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | 21.90 Bn |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 3.38 Bn |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 2.85 Bn |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 2.80 Bn |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 4.20 Bn |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 10.74 Bn |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 4.33 Bn |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 9.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.90 Bn |
| Jun 30, 2026 | 25.42 Bn |
| Mar 31, 2026 | 25.96 Bn |
| Dec 31, 2025 | 25.96 Bn |
| Sep 30, 2025 | 26.76 Bn |
| Jun 30, 2025 | 26.46 Bn |
| Mar 31, 2025 | 25.38 Bn |
| Dec 31, 2024 | 26.76 Bn |
| Sep 30, 2024 | 27.47 Bn |
| Jun 30, 2024 | 27.40 Bn |
| Mar 31, 2024 | 28.80 Bn |
| Dec 31, 2023 | 23.30 Bn |
| Sep 30, 2023 | 17.29 Bn |
| Jun 30, 2023 | 17.08 Bn |
| Mar 31, 2023 | 17.32 Bn |
| Dec 31, 2022 | 16.92 Bn |
| Sep 30, 2022 | 16.35 Bn |
| Jun 30, 2022 | 15.56 Bn |
| Mar 31, 2022 | 15.99 Bn |
| Dec 31, 2021 | 16.79 Bn |
API Access
Carrier Global Invested Capital 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=invested-capital&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();