Carrier Global (CARR) Return on Capital Employed [ROCE] (2020 - 2026)
Carrier Global (CARR) recorded Return on Capital Employed [ROCE] of -4.09% in Q3 2026, down 13.41 percentage points from 9.32% a year earlier and down 10.24 percentage points from the prior quarter.
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Analysis
Carrier Global (CARR) Return on Capital Employed [ROCE] (2020 - 2026) Analysis & Trends
For FY2025, Carrier Global reported Return on Capital Employed [ROCE] of 7.20%, down 2.52 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of -9.34 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 9.72% in FY2024 (+0.11 pp), 9.61% in FY2023 (-10.21 pp), 19.82% in FY2022 (+5.91 pp) and 13.92% in FY2021 (-2.62 pp).
- The Q3 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] in data going back to Q1 2020.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for four consecutive quarters, with an average year-over-year change of -2.09 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 7.18 percentage points in Q3 2022, against a drop of 16.99 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.15% (Q2 2026), 6.30% (Q1 2026) and 7.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.12 Bn | 86.76 Bn | 2.38 Bn | 25.76% |
| 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 | -4.09% |
| 4 | Comfort Systems Usa | 38.65 Bn | 32.60 Bn | 934.48 Mn | 30.59% |
| 5 | Otis Worldwide | 29.75 Bn | 26.31 Bn | 1.16 Bn | 73.03% |
| 6 | James Hardie Industries | 16.90 Bn | 16.08 Bn | 562.40 Mn | 6.26% |
| 7 | Masco | 16.35 Bn | 14.41 Bn | 720.00 Mn | 36.93% |
| 8 | Allegion | 15.98 Bn | 14.60 Bn | 548.20 Mn | 20.57% |
| 9 | Carlisle Companies | 15.35 Bn | 12.26 Bn | 494.90 Mn | 19.33% |
| 10 | Madison Air Solutions | 12.59 Bn | 9.25 Bn | 422.70 Mn | 8.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -4.09% |
| Jun 30, 2026 | 6.15% |
| Mar 31, 2026 | 6.30% |
| Dec 31, 2025 | 7.12% |
| Sep 30, 2025 | 9.32% |
| Jun 30, 2025 | 10.35% |
| Mar 31, 2025 | 9.66% |
| Dec 31, 2024 | 8.56% |
| Sep 30, 2024 | 8.05% |
| Jun 30, 2024 | 7.21% |
| Mar 31, 2024 | 7.40% |
| Dec 31, 2023 | 9.51% |
| Sep 30, 2023 | 7.59% |
| Jun 30, 2023 | 12.62% |
| Mar 31, 2023 | 13.34% |
| Dec 31, 2022 | 20.24% |
| Sep 30, 2022 | 24.58% |
| Jun 30, 2022 | 20.93% |
| Mar 31, 2022 | 19.39% |
| Dec 31, 2021 | 13.67% |
API Access
Carrier Global Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();