Last 27 quarters of trend data · Industrials · Construction
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Carrier Global Corporation's quarterly P/E stands at 50.3x, up 49.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 45.2% YoY to 25.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 42.24 | 50.28 | 220.17 | 29.85 | 26.14 | 33.72 | 6.05 | 41.07 | 6.18 | 50.11 | 29.31 | 32.86 | 54.03 |
| — | +49.1% | +3538.3% | -27.3% | +322.7% | -32.7% | -79.4% | +25.0% | -88.6% | +92.8% | -11.9% | +465.5% | +306.1% | |
| P/S Ratio | 2.76 | 2.22 | 2.31 | 2.30 | 2.59 | 2.67 | 2.99 | 3.08 | 2.43 | 2.45 | 2.40 | 2.39 | 1.76 |
| — | -16.7% | -22.8% | -25.3% | +6.6% | +9.0% | +24.5% | +28.7% | +37.8% | +32.4% | +39.7% | +71.1% | +19.6% | |
| P/B Ratio | 4.30 | 3.44 | 3.17 | 3.45 | 4.22 | 3.92 | 4.28 | 4.90 | 4.10 | 4.46 | 5.45 | 5.55 | 5.10 |
| — | -12.3% | -26.1% | -29.4% | +3.0% | -12.0% | -21.4% | -11.8% | -19.6% | -3.2% | +25.2% | +36.0% | +16.0% | |
| P/FCF | 35.35 | — | 12.68 | 57.21 | 27.91 | 33.15 | — | — | 26.15 | — | 14.80 | 12.18 | 34.11 |
| — | — | — | — | +6.7% | — | — | — | -23.3% | — | +65.5% | +11.9% | — | |
| EV / EBITDA | 22.97 | 25.55 | 32.47 | 17.99 | 15.34 | 17.60 | 16.12 | 20.03 | 16.48 | 24.95 | 18.14 | 21.71 | 19.31 |
| — | +45.2% | +101.5% | -10.2% | -7.0% | -29.5% | -11.2% | -7.7% | -14.7% | +53.3% | -1.6% | +283.3% | +87.9% | |
| EV / EBIT | 33.07 | 56.62 | 95.64 | 29.33 | 19.82 | 58.16 | 41.61 | 27.77 | 31.72 | 28.48 | 20.09 | 17.75 | 23.43 |
| — | -2.7% | +129.8% | +5.6% | -37.5% | +104.2% | +107.1% | +56.5% | +35.4% | +36.7% | -16.7% | +40.5% | +91.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Carrier Global Corporation's operating margin was 4.8% in Q1 2026, up 2.8 pp QoQ and down 7.2 pp YoY. The trailing four-quarter average of 7.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 16.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.9% | 23.3% | 19.9% | 26.0% | 29.1% | 27.7% | 26.2% | 28.3% | 24.9% | 27.7% | 28.1% | 30.2% | 29.3% |
| — | -16.0% | -24.2% | -8.1% | +16.8% | -0.1% | -6.7% | -6.3% | -15.0% | +6.2% | +15.0% | +11.4% | +5.1% | |
| Operating Margin | 9.9% | 4.8% | 2.1% | 9.7% | 14.4% | 12.1% | 15.0% | 12.8% | 12.2% | 7.1% | 11.9% | 10.3% | 8.2% |
| — | -59.8% | -86.1% | -24.2% | +18.1% | +69.7% | +26.4% | +23.4% | +49.5% | -32.5% | +40.3% | -63.1% | -48.1% | |
| Net Margin | 6.9% | 4.5% | 1.3% | 7.7% | 9.7% | 7.9% | 49.6% | 7.5% | 39.4% | 5.0% | 8.2% | 7.2% | 3.3% |
| — | -43.6% | -97.4% | +2.7% | -75.5% | +59.1% | +502.0% | +3.3% | +1085.8% | -29.8% | +55.6% | -69.9% | -69.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 1.7% | 0.4% | 2.9% | 4.0% | 2.9% | 17.3% | 3.1% | 18.0% | 2.6% | 4.8% | 4.3% | 2.4% |
| — | -40.9% | -97.5% | -6.6% | -77.5% | +12.0% | +261.2% | -27.8% | +657.3% | -42.9% | +38.1% | -76.6% | -70.1% | |
| ROA | 4.0% | 0.6% | 0.2% | 1.1% | 1.6% | 1.1% | 6.6% | 1.1% | 5.8% | 0.7% | 1.4% | 1.4% | 0.8% |
| — | -42.6% | -97.5% | +0.8% | -72.6% | +52.7% | +364.6% | -18.0% | +661.8% | -48.6% | +34.8% | -74.8% | -68.5% | |
| ROIC | 6.7% | 0.8% | 0.3% | 1.6% | 2.7% | 2.0% | 2.4% | 2.3% | 2.1% | 1.4% | 3.3% | 2.7% | 2.5% |
| — | -61.3% | -87.5% | -29.6% | +31.0% | +44.4% | -27.9% | -16.7% | -19.4% | -52.8% | +41.1% | -68.1% | -46.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Carrier Global Corporation's Debt/EBITDA ratio is 21.9x, down from 29.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.8% YoY to 1.05x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.91 | 0.90 | 0.83 | 0.79 | 0.82 | 0.88 | 0.86 | 0.98 | 1.46 | 1.62 | 1.09 | 1.12 |
| — | +11.3% | +1.6% | -2.9% | -19.4% | -44.0% | -45.6% | -21.3% | -12.3% | +32.3% | +40.0% | -13.6% | -13.6% | |
| Debt / EBITDA | 4.09 | 21.90 | 29.46 | 14.28 | 9.92 | 12.47 | 11.64 | 12.24 | 13.28 | 25.11 | 19.71 | 15.29 | 14.81 |
| — | +75.7% | +153.1% | +16.7% | -25.3% | -50.3% | -41.0% | -19.9% | -10.4% | +85.4% | +17.0% | +164.7% | +46.4% | |
| Current Ratio | 1.20 | 1.05 | 1.20 | 1.14 | 1.17 | 1.20 | 1.25 | 1.08 | 1.08 | 1.36 | 2.80 | 1.66 | 1.63 |
| — | -12.8% | -4.3% | +5.8% | +7.6% | -11.2% | -55.3% | -34.8% | -33.4% | -20.4% | +71.2% | +2.2% | -2.7% | |
| Quick Ratio | 0.85 | 0.75 | 0.85 | 0.75 | 0.80 | 0.83 | 0.96 | 0.82 | 0.80 | 0.99 | 2.54 | 1.25 | 1.19 |
| — | -9.3% | -11.6% | -8.6% | -0.2% | -16.3% | -62.2% | -34.2% | -33.1% | -20.0% | +111.9% | +6.4% | -4.4% | |
| Interest Coverage | 5.33 | 2.88 | 73.00 | 4.57 | 8.06 | 2.52 | 3.58 | 5.79 | 3.09 | 3.89 | 6.91 | 10.14 | 5.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying CARR stock.
Carrier Global Corporation's current P/E is 42.2x. The average P/E over the last 4 quarters is 81.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Carrier Global Corporation's current operating margin is 9.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Carrier Global Corporation's business trajectory between earnings reports.