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Carrier Global (CARR)
NYSE:CARR
US Market
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Carrier Global (CARR) Ratios

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Carrier Global Ratios

CARR's free cash flow for Q3 2025 was $0.26. For the 2025 fiscal year, CARR's free cash flow was decreased by $ and operating cash flow was $0.09. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.14 2.73 1.64 1.72 1.67
Quick Ratio
0.75 2.40 1.20 1.42 1.35
Cash Ratio
0.18 1.45 0.58 0.45 0.61
Solvency Ratio
0.21 0.08 0.22 0.10 0.13
Operating Cash Flow Ratio
0.20 0.38 0.29 0.34 0.33
Short-Term Operating Cash Flow Coverage
2.74 51.12 12.45 12.22 8.86
Net Current Asset Value
$ -14.40B$ -5.04B$ -8.13B$ -7.67B$ -9.99B
Leverage Ratios
Debt-to-Assets Ratio
0.32 0.45 0.36 0.39 0.44
Debt-to-Equity Ratio
0.83 1.69 1.21 1.51 1.76
Debt-to-Capital Ratio
0.45 0.63 0.55 0.60 0.64
Long-Term Debt-to-Capital Ratio
0.44 0.62 0.53 0.58 0.62
Financial Leverage Ratio
2.57 3.78 3.36 3.87 4.01
Debt Service Coverage Ratio
2.06 5.68 4.96 4.40 3.19
Interest Coverage Ratio
6.39 6.34 7.99 8.29 7.05
Debt to Market Cap
0.25 0.30 0.25 0.21 0.31
Interest Debt Per Share
15.06 17.97 11.47 12.15 13.07
Net Debt to EBITDA
3.52 1.56 2.02 2.49 3.28
Profitability Margins
Gross Profit Margin
27.31%28.88%26.76%29.01%29.27%
EBIT Margin
9.80%11.07%12.35%11.43%11.89%
EBITDA Margin
14.05%13.52%14.21%14.10%13.81%
Operating Profit Margin
12.80%10.39%11.82%12.83%12.04%
Pretax Profit Margin
11.27%9.43%21.02%11.64%16.36%
Net Profit Margin
18.05%6.10%17.31%8.07%11.35%
Continuous Operations Profit Margin
6.76%6.52%17.55%8.25%11.49%
Net Income Per EBT
160.18%64.73%82.34%69.33%69.42%
EBT Per EBIT
88.06%90.77%177.87%90.74%135.82%
Return on Assets (ROA)
10.46%4.11%13.55%6.36%7.90%
Return on Equity (ROE)
27.71%15.55%45.55%24.59%31.70%
Return on Capital Employed (ROCE)
9.31%8.85%12.03%13.53%10.52%
Return on Invested Capital (ROIC)
5.48%6.11%9.98%9.50%7.26%
Return on Tangible Assets
25.14%5.67%23.93%10.20%14.24%
Earnings Yield
7.87%2.80%10.16%3.54%6.06%
Efficiency Ratios
Receivables Turnover
7.05 7.93 6.06 7.09 5.08
Payables Turnover
5.42 5.73 5.28 6.27 6.38
Inventory Turnover
5.34 7.09 5.67 7.43 7.58
Fixed Asset Turnover
5.85 7.94 7.08 8.36 6.72
Asset Turnover
0.58 0.67 0.78 0.79 0.70
Working Capital Turnover Ratio
18.43 2.81 4.73 5.03 7.12
Cash Conversion Cycle
52.80 33.84 55.52 42.38 62.79
Days of Sales Outstanding
51.78 46.03 60.23 51.46 71.87
Days of Inventory Outstanding
68.38 51.49 64.42 49.14 48.16
Days of Payables Outstanding
67.35 63.69 69.13 58.22 57.23
Operating Cycle
120.16 97.53 124.66 100.60 120.02
Cash Flow Ratios
Operating Cash Flow Per Share
1.87 3.11 2.07 2.58 1.95
Free Cash Flow Per Share
1.31 2.55 1.65 2.18 1.59
CapEx Per Share
0.56 0.56 0.42 0.40 0.36
Free Cash Flow to Operating Cash Flow
0.70 0.82 0.80 0.85 0.82
Dividend Paid and CapEx Coverage Ratio
1.30 2.39 2.02 2.94 3.76
Capital Expenditure Coverage Ratio
3.32 5.56 4.94 6.50 5.42
Operating Cash Flow Coverage Ratio
0.13 0.18 0.19 0.22 0.15
Operating Cash Flow to Sales Ratio
0.07 0.12 0.09 0.11 0.10
Free Cash Flow Yield
2.21%4.44%4.00%4.02%4.22%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
12.68 35.66 9.84 28.28 16.49
Price-to-Sales (P/S) Ratio
2.27 2.18 1.70 2.28 1.87
Price-to-Book (P/B) Ratio
3.40 5.54 4.48 6.95 5.23
Price-to-Free Cash Flow (P/FCF) Ratio
45.14 22.50 25.03 24.86 23.68
Price-to-Operating Cash Flow Ratio
31.80 18.45 19.96 21.04 19.32
Price-to-Earnings Growth (PEG) Ratio
0.13 -0.58 0.08 -1.75 -2.68
Price-to-Fair Value
3.40 5.54 4.48 6.95 5.23
Enterprise Value Multiple
19.68 17.66 14.01 18.69 16.84
Enterprise Value
61.13B 52.77B 40.64B 54.30B 40.60B
EV to EBITDA
19.72 17.66 14.01 18.69 16.84
EV to Sales
2.77 2.39 1.99 2.63 2.33
EV to Free Cash Flow
55.08 24.68 29.24 28.68 29.42
EV to Operating Cash Flow
38.50 20.24 23.32 24.27 23.99
Tangible Book Value Per Share
-8.72 -0.01 -3.85 -3.19 -5.31
Shareholders’ Equity Per Share
17.48 10.36 9.20 7.80 7.22
Tax and Other Ratios
Effective Tax Rate
0.40 0.31 0.16 0.29 0.30
Revenue Per Share
25.99 26.39 24.21 23.76 20.15
Net Income Per Share
4.69 1.61 4.19 1.92 2.29
Tax Burden
1.60 0.65 0.82 0.69 0.69
Interest Burden
1.15 0.85 1.70 1.02 1.38
Research & Development to Revenue
0.03 0.03 0.03 0.02 0.02
SG&A to Revenue
0.04 0.15 0.12 0.15 0.16
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
1.05 1.81 0.49 1.32 0.84
Currency in USD
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