CARR
Carrier Global Corporation
Construction
Market Cap$53.62B
5Y Perf.+213.5%
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Stock Comparison
CARR vs HON
Revenue, margins, valuation, and 5-year total return — side by side.
HON
Honeywell International Inc.
Conglomerates
Market Cap$132.47B
5Y Perf.+43.3%
CARR vs HON — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CARR | HON |
|---|---|---|
| Industry | Construction | Conglomerates |
| Market Cap | $53.62B | $132.47B |
| Revenue (TTM) | $21.87B | $36.76B |
| Net Income (TTM) | $1.32B | $4.10B |
| Gross Margin | 24.8% | 36.9% |
| Operating Margin | 8.1% | 14.9% |
| Forward P/E | 23.1x | 19.9x |
| Total Debt | $12.67B | $34.58B |
| Cash & Equiv. | $1.55B | $12.49B |
CARR vs HON — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CARR
HON
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Carrier Global Corp… (CARR) | 100 | 313.5 | +213.5% |
| Honeywell Internati… (HON) | 100 | 143.3 | +43.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CARR vs HON
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HON leads in 7 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
CARR
Carrier Global Corporation
The Long-Run Compounder
CARR is the clearest fit if your priority is long-term compounding.
- 469.2% 10Y total return vs HON's 127.7%
Best for: long-term compounding
HON
Honeywell International Inc.
The Income Pick
HON carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.74, yield 2.2%
- Rev growth 7.8%, EPS growth -15.5%, 3Y rev CAGR 1.8%
- Lower volatility, beta 0.74, current ratio 1.32x
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | HON | 7.8% revenue growth vs CARR's -3.3% |
| Value | HON | Lower P/E (19.9x vs 23.1x) |
| Quality / Margins | HON | 11.2% margin vs CARR's 6.0% |
| Stability / Safety | HON | Beta 0.74 vs CARR's 1.19 |
| Dividends | HON | 2.2% yield, 15-year raise streak, vs CARR's 1.4% |
| Momentum (1Y) | HON | -0.3% vs CARR's -8.0% |
| Efficiency (ROA) | HON | 5.3% ROA vs CARR's 3.5%, ROIC 12.6% vs 6.7% |
CARR vs HON — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CARR vs HON — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHONLAGGINGCARR
CARRCarrier Global Corpor…
1leads
HONHoneywell Internation…
5leads
6 Total Categories
CATEGORYLEADERvs CARRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HON4/6
Valuation MetricsMultiples, price ratios, and targets
HON4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HON5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CARR5/6
Risk & VolatilityBeta, volatility, and downside exposure
HON2/2
Analyst OutlookRatings, price targets, and dividends
HON2/2
Income & Cash Flow (Last 12 Months)
HON leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HON is the larger business by revenue, generating $36.8B annually — 1.7x CARR's $21.9B. HON is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to CARR's 6.0%. On growth, CARR holds the edge at +2.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| RevenueTrailing 12 months | $21.9B | $36.8B |
| EBITDAEarnings before interest/tax | $3.1B | $6.5B |
| Net IncomeAfter-tax profit | $1.3B | $4.1B |
| Free Cash FlowCash after capex | $1.7B | $4.2B |
| Gross MarginGross profit ÷ Revenue | +24.8% | +36.9% |
| Operating MarginEBIT ÷ Revenue | +8.1% | +14.9% |
| Net MarginNet income ÷ Revenue | +6.0% | +11.2% |
| FCF MarginFCF ÷ Revenue | +7.6% | +11.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.4% | -6.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -40.4% | -41.9% |
HON leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
HON leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 28.4x trailing earnings, HON trades at a 25% valuation discount to CARR's 37.8x P/E. On an enterprise value basis, HON's 19.4x EV/EBITDA is more attractive than CARR's 20.9x.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| Market CapShares × price | $53.6B | $132.5B |
| Enterprise ValueMkt cap + debt − cash | $64.7B | $154.6B |
| Trailing P/EPrice ÷ TTM EPS | 37.75x | 28.40x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.12x | 19.86x |
| PEG RatioP/E ÷ EPS growth rate | — | 15.47x |
| EV / EBITDAEnterprise value multiple | 20.92x | 19.43x |
| Price / SalesMarket cap ÷ Revenue | 2.47x | 3.54x |
| Price / BookPrice ÷ Book value/share | 3.85x | 8.70x |
| Price / FCFMarket cap ÷ FCF | 31.60x | 24.56x |
HON leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
HON leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
HON delivers a 23.1% return on equity — every $100 of shareholder capital generates $23 in annual profit, vs $9 for CARR. CARR carries lower financial leverage with a 0.90x debt-to-equity ratio, signaling a more conservative balance sheet compared to HON's 2.24x. On the Piotroski fundamental quality scale (0–9), HON scores 6/9 vs CARR's 4/9, reflecting solid financial health.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| ROE (TTM)Return on equity | +9.1% | +23.1% |
| ROA (TTM)Return on assets | +3.5% | +5.3% |
| ROICReturn on invested capital | +6.7% | +12.6% |
| ROCEReturn on capital employed | +7.2% | +12.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.90x | 2.24x |
| Net DebtTotal debt minus cash | $11.1B | $22.1B |
| Cash & Equiv.Liquid assets | $1.6B | $12.5B |
| Total DebtShort + long-term debt | $12.7B | $34.6B |
| Interest CoverageEBIT ÷ Interest expense | 5.76x | 3.92x |
HON leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CARR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CARR five years ago would be worth $15,692 today (with dividends reinvested), compared to $10,135 for HON. Over the past 12 months, HON leads with a -0.3% total return vs CARR's -8.0%. The 3-year compound annual growth rate (CAGR) favors CARR at 16.3% vs HON's 3.8% — a key indicator of consistent wealth creation.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| YTD ReturnYear-to-date | +20.8% | +7.3% |
| 1-Year ReturnPast 12 months | -8.0% | -0.3% |
| 3-Year ReturnCumulative with dividends | +57.4% | +11.8% |
| 5-Year ReturnCumulative with dividends | +56.9% | +1.3% |
| 10-Year ReturnCumulative with dividends | +469.2% | +127.7% |
| CAGR (3Y)Annualised 3-year return | +16.3% | +3.8% |
CARR leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
HON leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HON is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than CARR's 1.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HON currently trades 84.2% from its 52-week high vs CARR's 79.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.19x | 0.74x |
| 52-Week HighHighest price in past year | $81.09 | $248.18 |
| 52-Week LowLowest price in past year | $50.24 | $186.76 |
| % of 52W HighCurrent price vs 52-week peak | +79.1% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 62.2 | 32.8 |
| Avg Volume (50D)Average daily shares traded | 6.5M | 3.7M |
HON leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
HON leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CARR as "Buy" and HON as "Buy". Consensus price targets imply 16.6% upside for HON (target: $244) vs 5.2% for CARR (target: $68). For income investors, HON offers the higher dividend yield at 2.21% vs CARR's 1.42%.
| Metric | CARRCarrier Global Co… | HONHoneywell Interna… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $67.50 | $243.83 |
| # AnalystsCovering analysts | 26 | 28 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +2.2% |
| Dividend StreakConsecutive years of raises | 6 | 15 |
| Dividend / ShareAnnual DPS | $0.91 | $4.63 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.4% | +2.9% |
HON leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
HON leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). CARR leads in 1 (Total Returns).
Best OverallHoneywell International Inc. (HON)Leads 5 of 6 categories
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CARR vs HON: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CARR or HON a better buy right now?
For growth investors, Honeywell International Inc.
(HON) is the stronger pick with 7. 8% revenue growth year-over-year, versus -3. 3% for Carrier Global Corporation (CARR). Honeywell International Inc. (HON) offers the better valuation at 28. 4x trailing P/E (19. 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 HON?
On trailing P/E, Honeywell International Inc.
(HON) is the cheapest at 28. 4x versus Carrier Global Corporation at 37. 8x. On forward P/E, Honeywell International Inc. is actually cheaper at 19. 9x.
03Which is the better long-term investment — CARR or HON?
Over the past 5 years, Carrier Global Corporation (CARR) delivered a total return of +56.
9%, compared to +1. 3% for Honeywell International Inc. (HON). Over 10 years, the gap is even starker: CARR returned +469. 2% versus HON's +127. 7%. 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 HON?
By beta (market sensitivity over 5 years), Honeywell International Inc.
(HON) is the lower-risk stock at 0. 74β versus Carrier Global Corporation's 1. 19β — meaning CARR is approximately 61% more volatile than HON relative to the S&P 500. On balance sheet safety, Carrier Global Corporation (CARR) carries a lower debt/equity ratio of 90% versus 2% for Honeywell International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CARR or HON?
By revenue growth (latest reported year), Honeywell International Inc.
(HON) is pulling ahead at 7. 8% versus -3. 3% for Carrier Global Corporation (CARR). On earnings-per-share growth, the picture is similar: Honeywell International Inc. grew EPS -15. 5% 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 HON?
Honeywell International Inc.
(HON) is the more profitable company, earning 12. 6% net margin versus 6. 9% for Carrier Global Corporation — meaning it keeps 12. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HON leads at 17. 5% versus 9. 9% for CARR. At the gross margin level — before operating expenses — HON leads at 36. 9%, 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 HON more undervalued right now?
On forward earnings alone, Honeywell International Inc.
(HON) trades at 19. 9x forward P/E versus 23. 1x for Carrier Global Corporation — 3. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HON: 16. 6% to $243. 83.
08Which pays a better dividend — CARR or HON?
All stocks in this comparison pay dividends.
Honeywell International Inc. (HON) offers the highest yield at 2. 2%, versus 1. 4% for Carrier Global Corporation (CARR).
09Is CARR or HON better for a retirement portfolio?
For long-horizon retirement investors, Honeywell International Inc.
(HON) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 2. 2% yield, +127. 7% 10Y return). Both have compounded well over 10 years (HON: +127. 7%, CARR: +469. 2%), 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 HON?
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% · HON: -6.9%)Net Margin>
%
(CARR: 6.0% · HON: 11.2%)P/E Ratio<
x
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