CARR
Carrier Global Corporation
Construction
Market Cap$53.62B
5Y Perf.+213.5%
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Stock Comparison
CARR vs TT
Revenue, margins, valuation, and 5-year total return — side by side.
TT
Trane Technologies plc
Construction
Market Cap$105.67B
5Y Perf.+429.3%
CARR vs TT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CARR | TT |
|---|---|---|
| Industry | Construction | Construction |
| Market Cap | $53.62B | $105.67B |
| Revenue (TTM) | $21.87B | $21.60B |
| Net Income (TTM) | $1.32B | $2.90B |
| Gross Margin | 24.8% | 35.9% |
| Operating Margin | 8.1% | 18.2% |
| Forward P/E | 23.1x | 32.2x |
| Total Debt | $12.67B | $4.62B |
| Cash & Equiv. | $1.55B | $1.76B |
CARR vs TT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CARR
TT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Carrier Global Corp… (CARR) | 100 | 313.5 | +213.5% |
| Trane Technologies … (TT) | 100 | 529.3 | +429.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CARR vs TT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TT 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.
- Dividend streak 6 yrs, beta 1.19, yield 1.4%
- Lower P/E (23.1x vs 32.2x)
- 1.4% yield, 6-year raise streak, vs TT's 0.8%
Best for: income & stability
TT
Trane Technologies plc
The Growth Play
TT carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.5%, EPS growth 15.5%, 3Y rev CAGR 10.1%
- 9.0% 10Y total return vs CARR's 469.2%
- Lower volatility, beta 0.97, Low D/E 53.7%, current ratio 1.25x
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TT | 7.5% revenue growth vs CARR's -3.3% |
| Value | CARR | Lower P/E (23.1x vs 32.2x) |
| Quality / Margins | TT | 13.4% margin vs CARR's 6.0% |
| Stability / Safety | TT | Beta 0.97 vs CARR's 1.19, lower leverage |
| Dividends | CARR | 1.4% yield, 6-year raise streak, vs TT's 0.8% |
| Momentum (1Y) | TT | +19.5% vs CARR's -8.0% |
| Efficiency (ROA) | TT | 13.4% ROA vs CARR's 3.5%, ROIC 26.2% vs 6.7% |
CARR vs TT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CARR vs TT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTTLAGGINGCARR
CARRCarrier Global Corpor…
2leads
TTTrane Technologies plc
4leads
6 Total Categories
CATEGORYLEADERvs CARRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TT6/6
Valuation MetricsMultiples, price ratios, and targets
CARR5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TT9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TT5/6
Risk & VolatilityBeta, volatility, and downside exposure
TT2/2
Analyst OutlookRatings, price targets, and dividends
CARR2/2
Income & Cash Flow (Last 12 Months)
TT leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CARR and TT operate at a comparable scale, with $21.9B and $21.6B in trailing revenue. TT is the more profitable business, keeping 13.4% of every revenue dollar as net income compared to CARR's 6.0%. On growth, TT holds the edge at +6.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CARRCarrier Global Co… | TTTrane Technologie… |
|---|---|---|
| RevenueTrailing 12 months | $21.9B | $21.6B |
| EBITDAEarnings before interest/tax | $3.1B | $4.3B |
| Net IncomeAfter-tax profit | $1.3B | $2.9B |
| Free Cash FlowCash after capex | $1.7B | $3.2B |
| Gross MarginGross profit ÷ Revenue | +24.8% | +35.9% |
| Operating MarginEBIT ÷ Revenue | +8.1% | +18.2% |
| Net MarginNet income ÷ Revenue | +6.0% | +13.4% |
| FCF MarginFCF ÷ Revenue | +7.6% | +14.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.4% | +6.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -40.4% | -1.9% |
TT leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
CARR leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 36.8x trailing earnings, TT trades at a 3% valuation discount to CARR's 37.8x P/E. On an enterprise value basis, CARR's 20.9x EV/EBITDA is more attractive than TT's 25.7x.
| Metric | CARRCarrier Global Co… | TTTrane Technologie… |
|---|---|---|
| Market CapShares × price | $53.6B | $105.7B |
| Enterprise ValueMkt cap + debt − cash | $64.7B | $108.5B |
| Trailing P/EPrice ÷ TTM EPS | 37.75x | 36.78x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.12x | 32.21x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.23x |
| EV / EBITDAEnterprise value multiple | 20.92x | 25.65x |
| Price / SalesMarket cap ÷ Revenue | 2.47x | 4.96x |
| Price / BookPrice ÷ Book value/share | 3.85x | 12.41x |
| Price / FCFMarket cap ÷ FCF | 31.60x | 37.59x |
CARR leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
TT leads this category, winning 9 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 CARR's 0.90x. 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… | TTTrane Technologie… |
|---|---|---|
| ROE (TTM)Return on equity | +9.1% | +34.7% |
| ROA (TTM)Return on assets | +3.5% | +13.4% |
| ROICReturn on invested capital | +6.7% | +26.2% |
| ROCEReturn on capital employed | +7.2% | +27.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 9 |
| Debt / EquityFinancial leverage | 0.90x | 0.54x |
| Net DebtTotal debt minus cash | $11.1B | $2.9B |
| Cash & Equiv.Liquid assets | $1.6B | $1.8B |
| Total DebtShort + long-term debt | $12.7B | $4.6B |
| Interest CoverageEBIT ÷ Interest expense | 5.76x | 17.21x |
TT leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TT five years ago would be worth $27,589 today (with dividends reinvested), compared to $15,692 for CARR. Over the past 12 months, TT leads with a +19.5% total return vs CARR's -8.0%. The 3-year compound annual growth rate (CAGR) favors TT at 40.3% vs CARR's 16.3% — a key indicator of consistent wealth creation.
| Metric | CARRCarrier Global Co… | TTTrane Technologie… |
|---|---|---|
| YTD ReturnYear-to-date | +20.8% | +20.2% |
| 1-Year ReturnPast 12 months | -8.0% | +19.5% |
| 3-Year ReturnCumulative with dividends | +57.4% | +175.9% |
| 5-Year ReturnCumulative with dividends | +56.9% | +175.9% |
| 10-Year ReturnCumulative with dividends | +469.2% | +896.0% |
| CAGR (3Y)Annualised 3-year return | +16.3% | +40.3% |
TT leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
TT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TT is the less volatile stock with a 0.97 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. TT currently trades 94.8% 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… | TTTrane Technologie… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.19x | 0.97x |
| 52-Week HighHighest price in past year | $81.09 | $503.47 |
| 52-Week LowLowest price in past year | $50.24 | $348.06 |
| % of 52W HighCurrent price vs 52-week peak | +79.1% | +94.8% |
| RSI (14)Momentum oscillator 0–100 | 62.2 | 64.0 |
| Avg Volume (50D)Average daily shares traded | 6.5M | 1.2M |
TT 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 TT as "Hold". Consensus price targets imply 8.6% upside for TT (target: $519) vs 5.2% for CARR (target: $68). For income investors, CARR offers the higher dividend yield at 1.42% vs TT's 0.78%.
| Metric | CARRCarrier Global Co… | TTTrane Technologie… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $67.50 | $518.50 |
| # AnalystsCovering analysts | 26 | 25 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +0.8% |
| Dividend StreakConsecutive years of raises | 6 | 5 |
| Dividend / ShareAnnual DPS | $0.91 | $3.74 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.4% | +1.4% |
CARR leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
TT leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CARR leads in 2 (Valuation Metrics, Analyst Outlook).
Best OverallTrane Technologies plc (TT)Leads 4 of 6 categories
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CARR vs TT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CARR or TT a better buy right now?
For growth investors, Trane Technologies plc (TT) is the stronger pick with 7.
5% revenue growth year-over-year, versus -3. 3% for Carrier Global Corporation (CARR). Trane Technologies plc (TT) offers the better valuation at 36. 8x trailing P/E (32. 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 TT?
On trailing P/E, Trane Technologies plc (TT) is the cheapest at 36.
8x versus Carrier Global Corporation at 37. 8x. On forward P/E, Carrier Global Corporation is actually cheaper at 23. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CARR or TT?
Over the past 5 years, Trane Technologies plc (TT) delivered a total return of +175.
9%, compared to +56. 9% for Carrier Global Corporation (CARR). Over 10 years, the gap is even starker: TT returned +896. 0% versus CARR's +469. 2%. 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 TT?
By beta (market sensitivity over 5 years), Trane Technologies plc (TT) is the lower-risk stock at 0.
97β versus Carrier Global Corporation's 1. 19β — meaning CARR is approximately 23% more volatile than TT relative to the S&P 500. On balance sheet safety, Trane Technologies plc (TT) carries a lower debt/equity ratio of 54% versus 90% for Carrier Global Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CARR or TT?
By revenue growth (latest reported year), Trane Technologies plc (TT) is pulling ahead at 7.
5% versus -3. 3% for Carrier Global Corporation (CARR). On earnings-per-share growth, the picture is similar: Trane Technologies plc grew EPS 15. 5% 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 TT?
Trane Technologies plc (TT) is the more profitable company, earning 13.
7% net margin versus 6. 9% for Carrier Global Corporation — meaning it keeps 13. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TT leads at 18. 6% versus 9. 9% for CARR. At the gross margin level — before operating expenses — TT leads at 36. 2%, 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 TT more undervalued right now?
On forward earnings alone, Carrier Global Corporation (CARR) trades at 23.
1x forward P/E versus 32. 2x for Trane Technologies plc — 9. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TT: 8. 6% to $518. 50.
08Which pays a better dividend — CARR or TT?
All stocks in this comparison pay dividends.
Carrier Global Corporation (CARR) offers the highest yield at 1. 4%, versus 0. 8% for Trane Technologies plc (TT).
09Is CARR or TT 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.
97), 0. 8% yield, +896. 0% 10Y return). Both have compounded well over 10 years (TT: +896. 0%, 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 TT?
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% · TT: 6.0%)Net Margin>
%
(CARR: 6.0% · TT: 13.4%)P/E Ratio<
x
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