Carrier Global (CARR) Return on Invested Capital [ROIC] (2020 - 2026)
Carrier Global's Return on Invested Capital [ROIC] was -4.60% in Q3 2026, down 11.01 percentage points from 6.41% a year earlier and down 11.05 percentage points from the prior quarter.
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Analysis
Carrier Global (CARR) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Carrier Global came in at 7.14%, up 1.51 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -6.59 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 5.63% in FY2024 (-2.31 pp), 7.94% in FY2023 (-11.89 pp), 19.83% in FY2022 (+8.67 pp) and 11.16% in FY2021 (-2.57 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2020.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in four of the last eight quarters, with an average year-over-year change of -1.30 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2022 (a gain of 9.54 percentage points); the worst was Q3 2023 (a drop of 18.47 percentage points).
- Per Business Quant data, CARR's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 6.45% (Q2 2026), 6.78% (Q1 2026) and 7.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 25.73% |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 13.57% |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | -4.60% |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 15.98% |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 62.19% |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 35.31% |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 18.36% |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 4.61% |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 17.80% |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 6.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -4.60% |
| Jun 30, 2026 | 6.45% |
| Mar 31, 2026 | 6.78% |
| Dec 31, 2025 | 7.14% |
| Sep 30, 2025 | 6.41% |
| Jun 30, 2025 | 6.94% |
| Mar 31, 2025 | 6.24% |
| Dec 31, 2024 | 5.20% |
| Sep 30, 2024 | 7.07% |
| Jun 30, 2024 | 5.91% |
| Mar 31, 2024 | 5.66% |
| Dec 31, 2023 | 7.54% |
| Sep 30, 2023 | 5.51% |
| Jun 30, 2023 | 11.85% |
| Mar 31, 2023 | 13.20% |
| Dec 31, 2022 | 20.09% |
| Sep 30, 2022 | 23.99% |
| Jun 30, 2022 | 18.78% |
| Mar 31, 2022 | 17.45% |
| Dec 31, 2021 | 11.13% |
API Access
Carrier Global Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();