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Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket components, and repair and maintenance and rental services, as well as modernization and upgrades to meet the heating, cooling, and ventilation needs of residential and commercial customers. It also offers transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, and intermodal and rail applications. The company offers its products under the Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Carrier Global Corporation makes and services HVAC, refrigeration, fire and security systems for commercial, residential and cold-chain customers worldwide. It may benefit from energy-efficiency regulations, electrification, growth in cold-chain and recurring aftermarket services. Scale and a diversified product and service mix could support stable cash flow and market presence.
Key risks include cyclicality of construction and industrial demand, commodity and supply-chain cost pressure, competitive intensity and execution risk in product and geographic expansion, which investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1798.00M | 2274.00M | 2084.00M | 4292.00M | 2400.00M |
| Minority interest | -103.00M | -104.00M | -80.00M | 50.00M | -37.00M |
| Net income | 1493.00M | 5604.00M | 1440.00M | 3534.00M | 1664.00M |
| Selling general administrative | 3092.00M | 3197.00M | 3009.00M | 2512.00M | 3120.00M |
| Selling and marketing expenses | - | - | 1.00M | - | - |
| Gross profit | 5634.00M | 6023.00M | 6383.00M | 5464.00M | 5980.00M |
| Reconciled depreciation | 1274.00M | 1232.00M | 530.00M | 380.00M | 338.00M |
| Ebit | 1840.00M | 2330.00M | 2296.00M | 2413.00M | 2645.00M |
| Ebitda | 2785.00M | 3562.00M | 2296.00M | 2793.00M | 2695.00M |
| Depreciation and amortization | 945.00M | 1232.00M | 542.00M | 380.00M | 50.00M |
| Operating income | 2150.00M | 2646.00M | 2296.00M | 2413.00M | 2645.00M |
| Other operating expenses | 19597.00M | 19840.00M | 19629.00M | 18008.00M | 18256.00M |
| Interest expense | 345.00M | 580.00M | 211.00M | 302.00M | 319.00M |
| Tax provision | 240.00M | 1062.00M | 623.00M | 708.00M | 699.00M |
| Interest income | 94.00M | 209.00M | 109.00M | 83.00M | 13.00M |
| Net interest income | -364.00M | -371.00M | -218.00M | -219.00M | -306.00M |
| Income tax expense | 306.00M | 1062.00M | -644.00M | 708.00M | 699.00M |
| Total revenue | 21747.00M | 22486.00M | 22098.00M | 20421.00M | 20613.00M |
| Total operating expenses | 3484.00M | 3377.00M | 3914.00M | 3051.00M | 3623.00M |
| Cost of revenue | 16113.00M | 16463.00M | 15715.00M | 14957.00M | 14633.00M |
| Total other income expense net | -352.00M | -372.00M | -212.00M | 1879.00M | -245.00M |
| Net income from continuing ops | 1558.00M | 1212.00M | 1279.00M | 3584.00M | 1701.00M |
| Net income applicable to common shares | - | - | - | 3534.00M | 1664.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 37190.00M | 37403.00M | 32822.00M | 26086.00M | 26172.00M |
| Intangible assets | 6326.00M | 6432.00M | 1028.00M | 1342.00M | 509.00M |
| Other current assets | 1856.00M | 972.00M | 3761.00M | 349.00M | 376.00M |
| Total liab | 23062.00M | 23008.00M | 23817.00M | 18010.00M | 19078.00M |
| Total stockholder equity | 13804.00M | 14081.00M | 8677.00M | 7758.00M | 6767.00M |
| Other current liab | 2870.00M | 2498.00M | 2934.00M | 2610.00M | 3695.00M |
| Common stock | 10.00M | 9.00M | 9.00M | 9.00M | 9.00M |
| Capital stock | 10.00M | 9.00M | 9.00M | 9.00M | 9.00M |
| Retained earnings | 12193.00M | 11483.00M | 6591.00M | 5866.00M | 2865.00M |
| Other liab | - | - | - | 2747.00M | 2411.00M |
| Good will | 15501.00M | 14601.00M | 7989.00M | 9977.00M | 9349.00M |
| Other assets | - | - | - | 857.00M | 848.00M |
| Cash | 1555.00M | 3969.00M | 10015.00M | 3520.00M | 2987.00M |
| Total current liabilities | 7114.00M | 7892.00M | 6891.00M | 6032.00M | 6627.00M |
| Current deferred revenue | - | 553.00M | 425.00M | 449.00M | 415.00M |
| Net debt | 11114.00M | 8741.00M | 4669.00M | 5851.00M | 7236.00M |
| Short term debt | 468.00M | 1252.00M | 51.00M | 140.00M | 183.00M |
| Short long term debt | 468.00M | 1252.00M | 51.00M | 140.00M | 183.00M |
| Short long term debt total | 12669.00M | 12710.00M | 14684.00M | 9371.00M | 10223.00M |
| Other stockholder equity | 1870.00M | 4695.00M | 3563.00M | 3571.00M | 4882.00M |
| Property plant equipment | - | - | - | 2241.00M | 1826.00M |
| Total current assets | 8533.00M | 9891.00M | 18780.00M | 9879.00M | 11407.00M |
| Long term investments | 1321.00M | 1194.00M | 1140.00M | 1148.00M | 1593.00M |
| Net tangible assets | - | - | - | -3561.00M | -3091.00M |
| Net receivables | 2639.00M | 2651.00M | 2787.00M | 3370.00M | 2906.00M |
| Long term debt | 11365.00M | 11026.00M | 14242.00M | 8702.00M | 9513.00M |
| Inventory | 2483.00M | 2299.00M | 2217.00M | 2640.00M | 1970.00M |
| Accounts payable | 2702.00M | 2458.00M | 2742.00M | 2833.00M | 2334.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 318.00M | 327.00M |
| Accumulated other comprehensive income | -269.00M | -2106.00M | -1486.00M | -1688.00M | -989.00M |
| Common stock total equity | - | - | - | 9.00M | 9.00M |
| Retained earnings total equity | - | - | - | 5866.00M | 2865.00M |
| Treasury stock | - | - | - | - | -529.00M |
| Non currrent assets other | 1798.00M | 601.00M | 362.00M | 245.00M | 285.00M |
| Non current assets total | 28657.00M | 27512.00M | 14042.00M | 16207.00M | 14765.00M |
| Capital lease obligations | 418.00M | 432.00M | 391.00M | 529.00M | 527.00M |
| Long term debt total | - | - | - | 8702.00M | 9513.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 105.00M | -2025.00M | -731.00M | -194.00M | -692.00M |
| Change to liabilities | - | - | - | 61.00M | 829.00M |
| Total cashflows from investing activities | -343.00M | -2025.00M | -660.00M | 1745.00M | -692.00M |
| Net borrowings | -889.00M | -1883.00M | 5493.00M | -983.00M | -551.00M |
| Total cash from financing activities | -4672.00M | -4636.00M | 4612.00M | -2931.00M | -1562.00M |
| Change to operating activities | - | - | - | 104.00M | -11.00M |
| Net income | 1493.00M | 1212.00M | 1478.00M | 3584.00M | 1701.00M |
| Change in cash | -2415.00M | -5881.00M | 6326.00M | 494.00M | -132.00M |
| Begin period cash flow | 3972.00M | 9853.00M | 3527.00M | 3026.00M | 3119.00M |
| End period cash flow | 1557.00M | 3972.00M | 9853.00M | 3520.00M | 2987.00M |
| Total cash from operating activities | 2089.00M | 563.00M | 2607.00M | 1743.00M | 2237.00M |
| Depreciation | 1274.00M | 1232.00M | 491.00M | 380.00M | 338.00M |
| Other cashflows from investing activities | 81.00M | 9014.00M | -141.00M | 2292.00M | -359.00M |
| Dividends paid | 772.00M | 670.00M | 620.00M | -509.00M | -417.00M |
| Change to inventory | -81.00M | 292.00M | 123.00M | -334.00M | -408.00M |
| Change to account receivables | -98.00M | -40.00M | -161.00M | -145.00M | -97.00M |
| Sale purchase of stock | -2892.00M | -1944.00M | -62.00M | -1380.00M | -527.00M |
| Other cashflows from financing activities | -119.00M | -139.00M | -199.00M | 233.00M | -67.00M |
| Change to netincome | - | - | - | -1885.00M | -119.00M |
| Capital expenditures | 392.00M | 519.00M | 439.00M | 353.00M | 344.00M |
| Change receivables | - | - | - | -145.00M | -97.00M |
| Cash flows other operating | - | - | - | 82.00M | -7.00M |
| Cash and cash equivalents changes | - | - | - | 557.00M | -17.00M |
| Change in working capital | -143.00M | 339.00M | 503.00M | -336.00M | 317.00M |
| Stock based compensation | 74.00M | 86.00M | 71.00M | 77.00M | 92.00M |
| Other non cash items | -208.00M | -1954.00M | 307.00M | -1838.00M | -137.00M |
| Free cash flow | 1697.00M | 44.00M | 2168.00M | 1390.00M | 1893.00M |
Sector: Industrials Industry: Building Products & Equipment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CARR Carrier Global Corp |
0.20 0.35% |
55.37 | 36.51 | 22.03 | 2.37 | 3.73 | 2.86 | 17.62 |
| TT Trane Technologies plc |
4.82 1.17% |
418.15 | 31.50 | 24.51 | 4.19 | 10.87 | 4.37 | 22.35 |
| DKILY Daikin Industries Ltd ADR |
0.01 0.08% |
13.17 | 23.81 | 22.12 | 0.01 | 2.07 | 1.37 | 9.40 |
| CODGF Compagnie de Saint-Gobain S.A |
1.39 1.89% |
74.80 | 13.39 | 9.62 | 0.89 | 1.39 | 0.98 | 6.19 |
| DKILF Daikin IndustriesLtd |
4.42 3.43% |
133.42 | 23.39 | 21.79 | 0.01 | 2.04 | 1.37 | 9.40 |
Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket components, and repair and maintenance and rental services, as well as modernization and upgrades to meet the heating, cooling, and ventilation needs of residential and commercial customers. It also offers transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, and intermodal and rail applications. The company offers its products under the Carrier, Viessmann, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418
561 365 2000
47000
| Name | Title | Year Born |
|---|---|---|
| Mr. David L. Gitlin | Chairman & CEO | 1969 |
| Mr. Patrick P. Goris | Sr. VP & CFO | 1972 |
| Mr. Christopher John Nelson | Pres of HVAC | 1970 |
| Mr. Jurgen Timperman | Pres of Fire & Security | 1973 |
| Mr. Timothy N. White | Pres of Refrigeration Segment | 1973 |
| Mr. Hakan Yilmaz | Sr. VP & CTO | NA |
| Mr. Samuel Joel Pearlstein | VP of Investor Relations | NA |
| Mr. Kevin James O'Connor | Sr. VP & Chief Legal Officer | 1968 |
| Ms. Mary Milmoe | VP of Communications & Marketing | NA |
| Ms. Nadia Villeneuve | Sr. VP & Chief HR Officer | 1973 |
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