Carrier Global (CARR) Return on Invested Capital [ROIC] (2020 - 2026)
Carrier Global's Return on Invested Capital [ROIC] was 6.45% in Q2 2026, down 0.49 percentage points from 6.94% a year earlier and down 0.33 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).
- Quarterly Return on Invested Capital [ROIC] has moved between 5.20% (Q4 2024) and 23.99% (Q3 2022) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in five of the last eight quarters, with an average year-over-year change of +0.27 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 Q2 2026 was 6.78% (Q1 2026), 7.14% (Q4 2025) and 6.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.89 Bn | 92.63 Bn | 2.26 Bn | 24.37% |
| 2 | Johnson Controls International | 87.19 Bn | 84.95 Bn | 2.47 Bn | 10.45% |
| 3 | Carrier Global | 46.36 Bn | 40.99 Bn | 1.94 Bn | 6.45% |
| 4 | Comfort Systems Usa | 40.59 Bn | 34.55 Bn | 934.48 Mn | 15.98% |
| 5 | Otis Worldwide | 28.61 Bn | 25.21 Bn | 1.14 Bn | 69.71% |
| 6 | Allegion | 15.24 Bn | 13.95 Bn | 517.50 Mn | 17.94% |
| 7 | James Hardie Industries | 15.18 Bn | 14.25 Bn | 548.70 Mn | 2.57% |
| 8 | Masco | 14.99 Bn | 13.10 Bn | 868.00 Mn | 33.91% |
| 9 | Carlisle Companies | 13.74 Bn | 10.09 Bn | 568.40 Mn | 17.39% |
| 10 | Lennox International | 13.00 Bn | 12.80 Bn | 539.50 Mn | 29.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 14.45% |
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();