Carrier Global Ratios (2019-2025) | CARR

Ratios Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025
Profitability
Gross Margin 40.67%41.43%42.26%41.46%42.46%41.01%42.34%40.77%42.03%40.53%40.61%38.26%35.58%35.46%34.53%-55.22%23.46%27.27%39.49%-0.12%30.94%31.48%31.78%30.21%31.62%32.67%30.17%25.64%
EBT Margin 12.56%17.31%14.08%13.13%7.59%9.44%20.17%25.60%10.56%13.44%14.38%7.89%36.27%14.53%26.97%-4.67%11.27%8.14%9.54%11.68%4.50%9.56%12.87%13.46%10.50%13.28%7.76%0.10%
EBIT Margin 11.57%16.22%13.04%12.38%8.10%11.13%21.61%27.10%12.15%14.39%15.50%9.02%37.32%15.72%27.99%-4.97%10.18%12.56%10.33%12.49%7.10%12.20%12.75%15.03%12.05%14.77%9.66%2.09%
EBITDA Margin 11.57%16.22%13.04%12.38%8.10%11.13%21.61%27.10%12.15%14.39%15.50%9.02%37.32%15.72%27.99%-4.97%10.18%12.56%10.33%12.49%7.10%12.20%12.75%15.03%12.05%14.77%9.66%2.09%
Operating Margin 11.57%16.22%13.04%12.38%8.10%11.13%21.61%27.10%12.15%14.39%15.50%9.02%37.32%15.72%27.99%-4.97%10.18%12.56%10.33%12.49%7.10%12.20%12.75%15.03%12.05%14.77%9.66%2.09%
Net Margin 9.25%15.80%10.20%9.78%2.47%6.57%14.81%19.24%8.17%8.95%8.78%6.31%29.63%11.00%24.07%-5.43%8.26%3.84%5.47%9.66%3.27%6.99%9.43%-0.93%7.90%9.95%7.30%0.58%
FCF Margin -5.18%10.20%11.78%21.55%-0.03%11.66%17.59%0.83%2.79%8.86%9.46%15.10%-5.54%-0.65%12.82%51.67%1.11%5.98%19.61%19.46%-1.05%9.22%6.95%2.84%8.14%9.21%4.02%18.79%
Efficiency
Inventory Average 1.44B1.60B1.61B1.60B1.74B1.87B1.91B1.95B2.16B2.35B2.51B2.65B2.72B2.75B2.63B2.19B2.51B3.12B2.85B2.47B2.47B2.77B2.95B2.74B
Assets Average 22.20B23.09B24.95B25.41B24.98B25.30B25.76B25.98B25.18B23.93B24.51B25.72B26.25B26.35B26.41B29.68B36.82B40.62B40.31B38.80B36.92B37.47B38.28B37.63B
Equity Average 14.82B14.80B14.54B8.73B3.70B4.90B6.01B6.70B6.97B7.17B7.16B7.26B7.21B7.23B7.77B8.27B8.38B8.39B8.75B10.46B12.99B14.56B14.72B14.30B14.61B14.93B14.48B
Invested Capital 14.69B14.96B14.64B14.75B14.27B16.39B17.41B16.58B16.54B16.62B16.72B16.79B15.78B15.34B15.81B16.92B16.82B16.64B16.85B23.30B25.80B26.94B26.94B26.12B24.81B25.84B25.66B24.97B
Asset Utilization Ratio 0.820.740.700.690.730.780.780.790.820.850.830.670.650.650.630.640.540.510.540.580.600.600.580.58
Leverage & Solvency
Debt to Equity 0.023.722.762.201.551.431.371.341.371.151.231.191.091.051.061.031.591.420.950.830.860.790.760.800.84
Debt Ratio 0.010.510.500.470.410.390.380.380.370.350.360.350.340.340.330.330.440.410.330.310.330.310.300.310.32
Equity Ratio 0.640.140.180.210.260.270.280.280.270.310.300.290.310.320.320.320.270.290.350.370.380.390.390.390.38
Dividends & Payouts
FCF Payout Ratio -0.010.000.000.02-8.000.071.790.790.220.210.13-0.50-3.760.180.123.080.500.160.18-2.790.310.441.070.470.340.860.21
Valuation
Enterprise Value -0.86B-0.94B-0.86B-0.62B-0.44B-2.37B-3.51B-2.79B-2.27B-2.27B-2.35B-2.66B-3.27B-2.72B-2.67B-2.98B-3.01B-2.89B-3.37B-9.52B-0.83B-2.44B-1.88B-3.65B-1.36B-1.49B-1.09B-1.23B
Return Ratios
Return on Sales 0.09%0.16%0.10%0.10%0.03%0.07%0.15%0.19%0.08%0.09%0.09%0.06%0.30%0.11%0.24%-0.05%0.09%0.04%0.02%0.00%0.02%0.32%-0.02%0.50%0.20%0.00%0.00%0.01%
Return on Capital Employed 0.13%0.11%0.12%0.15%0.17%0.19%0.17%0.14%0.19%0.21%0.25%0.20%0.13%0.13%0.08%0.10%0.07%0.07%0.08%0.09%0.10%0.10%0.09%0.07%
Return on Invested Capital 0.14%0.12%0.09%0.10%0.13%0.15%0.16%0.15%0.11%0.18%0.19%0.25%0.20%0.13%0.12%0.06%0.08%0.06%0.06%0.07%0.05%0.06%0.07%0.07%0.07%
Return on Assets 0.08%0.06%0.06%0.08%0.09%0.10%0.09%0.07%0.11%0.12%0.15%0.12%0.08%0.07%0.02%0.02%0.01%0.05%0.05%0.12%0.12%0.07%0.07%0.00%
Return on Equity 0.15%0.21%0.36%0.32%0.33%0.34%0.36%0.31%0.24%0.37%0.39%0.50%0.41%0.27%0.22%0.07%0.08%0.04%0.16%0.13%0.31%0.31%0.17%0.17%0.00%