CARR
Carrier Global Corporation
Construction
Market Cap$55.83B
5Y Perf.+226.5%
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Stock Comparison
CARR vs JCI vs HON vs TT vs EMR
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%
HON
Honeywell International Inc.
Conglomerates
Market Cap$135.04B
5Y Perf.+46.1%
TT
Trane Technologies plc
Construction
Market Cap$103.18B
5Y Perf.+416.8%
EMR
Emerson Electric Co.
Industrial - Machinery
Market Cap$79.14B
5Y Perf.+131.5%
CARR vs JCI vs HON vs TT vs EMR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CARR | JCI | HON | TT | EMR |
|---|---|---|---|---|---|
| Industry | Construction | Construction | Conglomerates | Construction | Industrial - Machinery |
| Market Cap | $55.83B | $85.12B | $135.04B | $103.18B | $79.14B |
| Revenue (TTM) | $21.87B | $24.43B | $36.76B | $21.60B | $18.32B |
| Net Income (TTM) | $1.32B | $3.53B | $4.10B | $2.90B | $2.44B |
| Gross Margin | 24.8% | 36.6% | 36.9% | 35.9% | 52.7% |
| Operating Margin | 8.1% | 13.6% | 14.9% | 18.2% | 19.8% |
| Forward P/E | 23.9x | 28.8x | 20.2x | 31.3x | 21.7x |
| Total Debt | $12.67B | $11.19B | $34.58B | $4.62B | $13.76B |
| Cash & Equiv. | $1.55B | $379M | $12.49B | $1.76B | $1.54B |
CARR vs JCI vs HON vs TT vs EMR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CARR
JCI
HON
TT
EMR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Carrier Global Corp… (CARR) | 100 | 326.5 | +226.5% |
| Johnson Controls In… (JCI) | 100 | 444.2 | +344.2% |
| Honeywell Internati… (HON) | 100 | 146.1 | +46.1% |
| Trane Technologies … (TT) | 100 | 516.8 | +416.8% |
| Emerson Electric Co. (EMR) | 100 | 231.5 | +131.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CARR vs JCI vs HON vs TT vs EMR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HON leads in 4 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Johnson Controls International plc is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. TT also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
CARR
Carrier Global Corporation
The Industrials Pick
CARR lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: industrials exposure
JCI
Johnson Controls International plc
The Quality Compounder
JCI is the #2 pick in this set and the best alternative if quality and momentum is your priority.
- 14.5% margin vs CARR's 6.0%
- +54.6% vs CARR's -3.9%
Best for: quality and momentum
HON
Honeywell International Inc.
The Income Pick
HON carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 15 yrs, beta 0.74, yield 2.2%
- Lower volatility, beta 0.74, current ratio 1.32x
- Beta 0.74, yield 2.2%, current ratio 1.32x
- 7.8% revenue growth vs CARR's -3.3%
Best for: income & stability and sleep-well-at-night
TT
Trane Technologies plc
The Growth Play
TT ranks third and is worth considering specifically for growth exposure and long-term compounding.
- Rev growth 7.5%, EPS growth 15.5%, 3Y rev CAGR 10.1%
- 8.7% 10Y total return vs JCI's 344.1%
- PEG 1.05 vs HON's 11.03
- 13.4% ROA vs CARR's 3.5%, ROIC 26.2% vs 6.7%
Best for: growth exposure and long-term compounding
EMR
Emerson Electric Co.
The Quality Angle
Among these 5 stocks, EMR doesn't own a clear edge in any measured category.
Best for: industrials 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 (20.2x vs 21.7x) |
| Quality / Margins | JCI | 14.5% margin vs CARR's 6.0% |
| Stability / Safety | HON | Beta 0.74 vs EMR's 1.57 |
| Dividends | HON | 2.2% yield, 15-year raise streak, vs EMR's 1.5% |
| Momentum (1Y) | JCI | +54.6% vs CARR's -3.9% |
| Efficiency (ROA) | TT | 13.4% ROA vs CARR's 3.5%, ROIC 26.2% vs 6.7% |
CARR vs JCI vs HON vs TT vs EMR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2025
FY 2025
CARR vs JCI vs HON vs TT vs EMR — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTTLAGGINGEMR
Who Leads Where
TT leads in 2 of 6 categories
HON leads 1 • CARR leads 0 • JCI leads 0 • EMR leads 0 • 3 tied
Explore the data ↓EMREmerson Electric Co.
0leads
JCIJohnson Controls Inte…
0leads
CARRCarrier Global Corpor…
0leads
HONHoneywell Internation…
1leads
TTTrane Technologies plc
2leads
6 Total Categories
CATEGORYLEADERvs HONvs CARRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
HON3/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TT8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TT4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
Evenly matched — JCI and EMR each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HON is the larger business by revenue, generating $36.8B annually — 2.0x EMR's $18.3B. 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 … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $21.9B | $24.4B | $36.8B | $21.6B | $18.3B |
| EBITDAEarnings before interest/tax | $3.1B | $3.9B | $6.5B | $4.3B | $4.7B |
| Net IncomeAfter-tax profit | $1.3B | $3.5B | $4.1B | $2.9B | $2.4B |
| Free Cash FlowCash after capex | $1.7B | $1.4B | $4.2B | $3.2B | $3.1B |
| Gross MarginGross profit ÷ Revenue | +24.8% | +36.6% | +36.9% | +35.9% | +52.7% |
| Operating MarginEBIT ÷ Revenue | +8.1% | +13.6% | +14.9% | +18.2% | +19.8% |
| Net MarginNet income ÷ Revenue | +6.0% | +14.5% | +11.2% | +13.4% | +13.3% |
| FCF MarginFCF ÷ Revenue | +7.6% | +5.7% | +11.4% | +14.6% | +17.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.4% | +8.2% | -6.9% | +6.0% | +2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -40.4% | +38.9% | -41.9% | -1.9% | +28.2% |
Evenly matched — JCI and EMR each lead in 3 of 6 comparable metrics.
Valuation Metrics
HON leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 29.0x trailing earnings, HON trades at a 45% valuation discount to JCI's 53.0x P/E. Adjusting for growth (PEG ratio), TT offers better value at 1.20x vs HON's 15.77x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| Market CapShares × price | $55.8B | $85.1B | $135.0B | $103.2B | $79.1B |
| Enterprise ValueMkt cap + debt − cash | $66.9B | $95.9B | $157.1B | $106.0B | $91.4B |
| Trailing P/EPrice ÷ TTM EPS | 39.31x | 53.05x | 28.96x | 35.91x | 34.97x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.95x | 28.76x | 20.24x | 31.29x | 21.70x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.07x | 15.77x | 1.20x | 7.74x |
| EV / EBITDAEnterprise value multiple | 21.63x | 25.98x | 19.75x | 25.06x | 18.09x |
| Price / SalesMarket cap ÷ Revenue | 2.57x | 3.61x | 3.61x | 4.84x | 4.39x |
| Price / BookPrice ÷ Book value/share | 4.01x | 7.04x | 8.87x | 12.12x | 3.94x |
| Price / FCFMarket cap ÷ FCF | 32.90x | 88.21x | 25.04x | 36.70x | 29.67x |
HON leads this category, winning 3 of 7 comparable metrics.
Profitability & Efficiency
TT leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
TT delivers a 34.7% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $9 for CARR. TT carries lower financial leverage with a 0.54x debt-to-equity ratio, signaling a more conservative balance sheet compared to HON's 2.24x. On the Piotroski fundamental quality scale (0–9), TT scores 9/9 vs CARR's 4/9, reflecting strong financial health.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +9.1% | +24.9% | +23.1% | +34.7% | +12.1% |
| ROA (TTM)Return on assets | +3.5% | +9.0% | +5.3% | +13.4% | +5.8% |
| ROICReturn on invested capital | +6.7% | +8.5% | +12.6% | +26.2% | +8.2% |
| ROCEReturn on capital employed | +7.2% | +9.8% | +12.6% | +27.2% | +10.0% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 6 | 9 | 7 |
| Debt / EquityFinancial leverage | 0.90x | 0.86x | 2.24x | 0.54x | 0.68x |
| Net DebtTotal debt minus cash | $11.1B | $10.8B | $22.1B | $2.9B | $12.2B |
| Cash & Equiv.Liquid assets | $1.6B | $379M | $12.5B | $1.8B | $1.5B |
| Total DebtShort + long-term debt | $12.7B | $11.2B | $34.6B | $4.6B | $13.8B |
| Interest CoverageEBIT ÷ Interest expense | 5.76x | 18.41x | 3.92x | 17.21x | 6.46x |
TT leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TT five years ago would be worth $25,811 today (with dividends reinvested), compared to $10,102 for HON. 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 TT at 39.2% vs HON's 4.7% — a key indicator of consistent wealth creation.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +25.8% | +14.4% | +9.4% | +17.4% | +4.4% |
| 1-Year ReturnPast 12 months | -3.9% | +54.6% | +1.5% | +15.9% | +27.7% |
| 3-Year ReturnCumulative with dividends | +62.8% | +128.3% | +14.7% | +169.6% | +76.2% |
| 5-Year ReturnCumulative with dividends | +55.4% | +122.8% | +1.0% | +158.1% | +59.1% |
| 10-Year ReturnCumulative with dividends | +491.3% | +344.1% | +132.4% | +867.6% | +207.0% |
| CAGR (3Y)Annualised 3-year return | +17.6% | +31.7% | +4.7% | +39.2% | +20.8% |
TT leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — JCI and HON each lead in 1 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 EMR's 1.57 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 … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.21x | 0.95x | 0.74x | 0.98x | 1.57x |
| 52-Week HighHighest price in past year | $81.09 | $147.32 | $248.18 | $503.47 | $165.15 |
| 52-Week LowLowest price in past year | $50.24 | $90.35 | $186.76 | $348.06 | $109.53 |
| % of 52W HighCurrent price vs 52-week peak | +82.4% | +94.7% | +85.9% | +92.6% | +85.6% |
| RSI (14)Momentum oscillator 0–100 | 61.7 | 47.5 | 44.2 | 50.5 | 51.4 |
| Avg Volume (50D)Average daily shares traded | 6.6M | 3.3M | 3.7M | 1.2M | 2.8M |
Evenly matched — JCI and HON each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — HON and EMR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: CARR as "Buy", JCI as "Buy", HON as "Buy", TT as "Hold", EMR as "Buy". Consensus price targets imply 14.4% upside for HON (target: $244) vs 1.0% for CARR (target: $68). For income investors, HON offers the higher dividend yield at 2.17% vs TT's 0.80%.
| Metric | CARRCarrier Global Co… | JCIJohnson Controls … | HONHoneywell Interna… | TTTrane Technologie… | EMREmerson Electric … |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $67.50 | $143.14 | $243.83 | $522.73 | $161.31 |
| # AnalystsCovering analysts | 26 | 45 | 28 | 26 | 41 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +1.1% | +2.2% | +0.8% | +1.5% |
| Dividend StreakConsecutive years of raises | 6 | 5 | 15 | 5 | 37 |
| Dividend / ShareAnnual DPS | $0.91 | $1.49 | $4.63 | $3.74 | $2.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.2% | +7.0% | +2.8% | +1.4% | +1.6% |
Evenly matched — HON and EMR each lead in 1 of 2 comparable metrics.
Key Takeaway
TT leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). HON leads in 1 (Valuation Metrics). 3 tied.
Best OverallTrane Technologies plc (TT)Leads 2 of 6 categories
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CARR vs JCI vs HON vs TT vs EMR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CARR or JCI or HON or TT or EMR 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 29. 0x trailing P/E (20. 2x 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 or HON or TT or EMR?
On trailing P/E, Honeywell International Inc.
(HON) is the cheapest at 29. 0x versus Johnson Controls International plc at 53. 0x. On forward P/E, Honeywell International Inc. is actually cheaper at 20. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Trane Technologies plc wins at 1. 05x versus Honeywell International Inc. 's 11. 03x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — CARR or JCI or HON or TT or EMR?
Over the past 5 years, Trane Technologies plc (TT) delivered a total return of +158.
1%, compared to +1. 0% for Honeywell International Inc. (HON). Over 10 years, the gap is even starker: TT returned +867. 6% versus HON's +132. 4%. 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 or HON or TT or EMR?
By beta (market sensitivity over 5 years), Honeywell International Inc.
(HON) is the lower-risk stock at 0. 74β versus Emerson Electric Co. 's 1. 57β — meaning EMR is approximately 111% more volatile than HON relative to the S&P 500. On balance sheet safety, Trane Technologies plc (TT) carries a lower debt/equity ratio of 54% versus 2% for Honeywell International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CARR or JCI or HON or TT or EMR?
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: Emerson Electric Co. grew EPS 17. 8% year-over-year, compared to -72. 4% for Carrier Global Corporation. Over a 3-year CAGR, TT leads at 10. 1% 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 or HON or TT or EMR?
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: EMR leads at 19. 6% versus 9. 9% for CARR. At the gross margin level — before operating expenses — EMR leads at 52. 8%, 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 or HON or TT or EMR more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Trane Technologies plc (TT) is the more undervalued stock at a PEG of 1. 05x versus Honeywell International Inc. 's 11. 03x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Honeywell International Inc. (HON) trades at 20. 2x forward P/E versus 31. 3x for Trane Technologies plc — 11. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HON: 14. 4% to $243. 83.
08Which pays a better dividend — CARR or JCI or HON or TT or EMR?
All stocks in this comparison pay dividends.
Honeywell International Inc. (HON) offers the highest yield at 2. 2%, versus 0. 8% for Trane Technologies plc (TT).
09Is CARR or JCI or HON or TT or EMR better for a retirement portfolio?
For long-horizon retirement investors, Trane Technologies plc (TT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
98), 0. 8% yield, +867. 6% 10Y return). Emerson Electric Co. (EMR) carries a higher beta of 1. 57 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TT: +867. 6%, EMR: +207. 0%), 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 and HON and TT and EMR?
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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