CARR
Carrier Global Corporation
Construction
Market Cap$55.83B
5Y Perf.+226.5%
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Stock Comparison
CARR vs JCI
Revenue, margins, valuation, and 5-year total return — side by side.
JCI
Johnson Controls International plc
Construction
Market Cap$85.12B
5Y Perf.+344.2%
CARR vs JCI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CARR | JCI |
|---|---|---|
| Industry | Construction | Construction |
| Market Cap | $55.83B | $85.12B |
| Revenue (TTM) | $21.87B | $24.43B |
| Net Income (TTM) | $1.32B | $3.53B |
| Gross Margin | 24.8% | 36.6% |
| Operating Margin | 8.1% | 13.6% |
| Forward P/E | 23.9x | 28.8x |
| Total Debt | $12.67B | $11.19B |
| Cash & Equiv. | $1.55B | $379M |
CARR vs JCI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CARR
JCI
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Carrier Global Corp… (CARR) | 100 | 326.5 | +226.5% |
| Johnson Controls In… (JCI) | 100 | 444.2 | +344.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CARR vs JCI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: JCI leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Carrier Global Corporation is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
CARR
Carrier Global Corporation
The Income Pick
CARR is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 6 yrs, beta 1.21, yield 1.4%
- 491.3% 10Y total return vs JCI's 344.1%
- Beta 1.21, yield 1.4%, current ratio 1.20x
Best for: income & stability and long-term compounding
JCI
Johnson Controls International plc
The Growth Play
JCI carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 2.8%, EPS growth 4.4%, 3Y rev CAGR 4.6%
- Lower volatility, beta 0.95, Low D/E 86.4%, current ratio 0.93x
- 2.8% revenue growth vs CARR's -3.3%
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | JCI | 2.8% revenue growth vs CARR's -3.3% |
| Value | CARR | Lower P/E (23.9x vs 28.8x) |
| Quality / Margins | JCI | 14.5% margin vs CARR's 6.0% |
| Stability / Safety | JCI | Beta 0.95 vs CARR's 1.21, lower leverage |
| Dividends | CARR | 1.4% yield, 6-year raise streak, vs JCI's 1.1% |
| Momentum (1Y) | JCI | +54.6% vs CARR's -3.9% |
| Efficiency (ROA) | JCI | 9.0% ROA vs CARR's 3.5%, ROIC 8.5% vs 6.7% |
CARR vs JCI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CARR vs JCI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLJCILAGGINGCARR
CARRCarrier Global Corpor…
2leads
JCIJohnson Controls Inte…
4leads
6 Total Categories
CATEGORYLEADERvs CARRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
JCI5/6
Valuation MetricsMultiples, price ratios, and targets
CARR6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
JCI9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
JCI4/6
Risk & VolatilityBeta, volatility, and downside exposure
JCI2/2
Analyst OutlookRatings, price targets, and dividends
CARR2/2
Income & Cash Flow (Last 12 Months)
JCI leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JCI and CARR operate at a comparable scale, with $24.4B and $21.9B in trailing revenue. JCI is the more profitable business, keeping 14.5% of every revenue dollar as net income compared to CARR's 6.0%. On growth, JCI holds the edge at +8.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| RevenueTrailing 12 months | $21.9B | $24.4B |
| EBITDAEarnings before interest/tax | $3.1B | $3.9B |
| Net IncomeAfter-tax profit | $1.3B | $3.5B |
| Free Cash FlowCash after capex | $1.7B | $1.4B |
| Gross MarginGross profit ÷ Revenue | +24.8% | +36.6% |
| Operating MarginEBIT ÷ Revenue | +8.1% | +13.6% |
| Net MarginNet income ÷ Revenue | +6.0% | +14.5% |
| FCF MarginFCF ÷ Revenue | +7.6% | +5.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.4% | +8.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -40.4% | +38.9% |
JCI leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
CARR leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 39.3x trailing earnings, CARR trades at a 26% valuation discount to JCI's 53.0x P/E. On an enterprise value basis, CARR's 21.6x EV/EBITDA is more attractive than JCI's 26.0x.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| Market CapShares × price | $55.8B | $85.1B |
| Enterprise ValueMkt cap + debt − cash | $66.9B | $95.9B |
| Trailing P/EPrice ÷ TTM EPS | 39.31x | 53.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.95x | 28.76x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.07x |
| EV / EBITDAEnterprise value multiple | 21.63x | 25.98x |
| Price / SalesMarket cap ÷ Revenue | 2.57x | 3.61x |
| Price / BookPrice ÷ Book value/share | 4.01x | 7.04x |
| Price / FCFMarket cap ÷ FCF | 32.90x | 88.21x |
CARR leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
JCI leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
JCI delivers a 24.9% return on equity — every $100 of shareholder capital generates $25 in annual profit, vs $9 for CARR. JCI carries lower financial leverage with a 0.86x debt-to-equity ratio, signaling a more conservative balance sheet compared to CARR's 0.90x. On the Piotroski fundamental quality scale (0–9), JCI scores 6/9 vs CARR's 4/9, reflecting solid financial health.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| ROE (TTM)Return on equity | +9.1% | +24.9% |
| ROA (TTM)Return on assets | +3.5% | +9.0% |
| ROICReturn on invested capital | +6.7% | +8.5% |
| ROCEReturn on capital employed | +7.2% | +9.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.90x | 0.86x |
| Net DebtTotal debt minus cash | $11.1B | $10.8B |
| Cash & Equiv.Liquid assets | $1.6B | $379M |
| Total DebtShort + long-term debt | $12.7B | $11.2B |
| Interest CoverageEBIT ÷ Interest expense | 5.76x | 18.41x |
JCI leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
JCI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JCI five years ago would be worth $22,283 today (with dividends reinvested), compared to $15,536 for CARR. Over the past 12 months, JCI leads with a +54.6% total return vs CARR's -3.9%. The 3-year compound annual growth rate (CAGR) favors JCI at 31.7% vs CARR's 17.6% — a key indicator of consistent wealth creation.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| YTD ReturnYear-to-date | +25.8% | +14.4% |
| 1-Year ReturnPast 12 months | -3.9% | +54.6% |
| 3-Year ReturnCumulative with dividends | +62.8% | +128.3% |
| 5-Year ReturnCumulative with dividends | +55.4% | +122.8% |
| 10-Year ReturnCumulative with dividends | +491.3% | +344.1% |
| CAGR (3Y)Annualised 3-year return | +17.6% | +31.7% |
JCI leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
JCI leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
JCI is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than CARR's 1.21 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JCI currently trades 94.7% from its 52-week high vs CARR's 82.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.21x | 0.95x |
| 52-Week HighHighest price in past year | $81.09 | $147.32 |
| 52-Week LowLowest price in past year | $50.24 | $90.35 |
| % of 52W HighCurrent price vs 52-week peak | +82.4% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 61.7 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 6.6M | 3.3M |
JCI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
CARR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CARR as "Buy" and JCI as "Buy". Consensus price targets imply 2.6% upside for JCI (target: $143) vs 1.0% for CARR (target: $68). For income investors, CARR offers the higher dividend yield at 1.36% vs JCI's 1.07%.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $67.50 | $143.14 |
| # AnalystsCovering analysts | 26 | 45 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +1.1% |
| Dividend StreakConsecutive years of raises | 6 | 5 |
| Dividend / ShareAnnual DPS | $0.91 | $1.49 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.2% | +7.0% |
CARR leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
JCI leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CARR leads in 2 (Valuation Metrics, Analyst Outlook).
Best OverallJohnson Controls Internatio… (JCI)Leads 4 of 6 categories
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CARR vs JCI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CARR or JCI a better buy right now?
For growth investors, Johnson Controls International plc (JCI) is the stronger pick with 2.
8% revenue growth year-over-year, versus -3. 3% for Carrier Global Corporation (CARR). Carrier Global Corporation (CARR) offers the better valuation at 39. 3x trailing P/E (23. 9x forward), making it the more compelling value choice. Analysts rate Carrier Global Corporation (CARR) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CARR or JCI?
On trailing P/E, Carrier Global Corporation (CARR) is the cheapest at 39.
3x versus Johnson Controls International plc at 53. 0x. On forward P/E, Carrier Global Corporation is actually cheaper at 23. 9x.
03Which is the better long-term investment — CARR or JCI?
Over the past 5 years, Johnson Controls International plc (JCI) delivered a total return of +122.
8%, compared to +55. 4% for Carrier Global Corporation (CARR). Over 10 years, the gap is even starker: CARR returned +491. 3% versus JCI's +344. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CARR or JCI?
By beta (market sensitivity over 5 years), Johnson Controls International plc (JCI) is the lower-risk stock at 0.
95β versus Carrier Global Corporation's 1. 21β — meaning CARR is approximately 27% more volatile than JCI relative to the S&P 500. On balance sheet safety, Johnson Controls International plc (JCI) carries a lower debt/equity ratio of 86% versus 90% for Carrier Global Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CARR or JCI?
By revenue growth (latest reported year), Johnson Controls International plc (JCI) is pulling ahead at 2.
8% versus -3. 3% for Carrier Global Corporation (CARR). On earnings-per-share growth, the picture is similar: Johnson Controls International plc grew EPS 4. 4% year-over-year, compared to -72. 4% for Carrier Global Corporation. Over a 3-year CAGR, CARR leads at 7. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CARR or JCI?
Johnson Controls International plc (JCI) is the more profitable company, earning 13.
9% net margin versus 6. 9% for Carrier Global Corporation — meaning it keeps 13. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: JCI leads at 12. 0% versus 9. 9% for CARR. At the gross margin level — before operating expenses — JCI leads at 36. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CARR or JCI more undervalued right now?
On forward earnings alone, Carrier Global Corporation (CARR) trades at 23.
9x forward P/E versus 28. 8x for Johnson Controls International plc — 4. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for JCI: 2. 6% to $143. 14.
08Which pays a better dividend — CARR or JCI?
All stocks in this comparison pay dividends.
Carrier Global Corporation (CARR) offers the highest yield at 1. 4%, versus 1. 1% for Johnson Controls International plc (JCI).
09Is CARR or JCI better for a retirement portfolio?
For long-horizon retirement investors, Johnson Controls International plc (JCI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
95), 1. 1% yield, +344. 1% 10Y return). Both have compounded well over 10 years (JCI: +344. 1%, CARR: +491. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CARR and JCI?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CARR: 2.4% · JCI: 8.2%)Net Margin>
%
(CARR: 6.0% · JCI: 14.5%)P/E Ratio<
x
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