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Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.
2019
48K+
LTM Revenue $22.5B
LTM EBITDA $4.2B
$61.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Carrier Global has a last 12-month revenue of $22.5B and a last 12-month EBITDA of $4.2B.
In the most recent fiscal year, Carrier Global achieved revenue of $22.5B and an EBITDA of $4.1B.
Carrier Global expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Carrier Global valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $22.1B | $22.5B | XXX | XXX | XXX |
| Gross Profit | $5.5B | $6.4B | XXX | XXX | XXX |
| Gross Margin | 25% | 28% | XXX | XXX | XXX |
| EBITDA | $3.0B | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 14% | 18% | XXX | XXX | XXX |
| Net Profit | $3.5B | $1.3B | XXX | XXX | XXX |
| Net Margin | 16% | 6% | XXX | XXX | XXX |
| Net Debt | $5.3B | $4.3B | XXX | XXX | XXX |
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As of April 15, 2025, Carrier Global's stock price is $61.
Carrier Global has current market cap of $52.3B, and EV of $61.1B.
See Carrier Global trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $61.1B | $52.3B | XXX | XXX | XXX | XXX | $2.68 |
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Sign UpAs of April 15, 2025, Carrier Global has market cap of $52.3B and EV of $61.1B.
Carrier Global's trades at 2.7x LTM EV/Revenue multiple, and 14.5x LTM EBITDA.
Analysts estimate Carrier Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Carrier Global and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $61.1B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.0x | XXX | XXX | XXX |
| P/E | 9.3x | XXX | XXX | XXX |
| P/E/Growth | -0.3x | XXX | XXX | XXX |
| EV/FCF | 1388.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCarrier Global's NTM/LTM revenue growth is 2%
Carrier Global's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Carrier Global's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Carrier Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Carrier Global and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 37% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 17% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brickworks | XXX | XXX | XXX | XXX | XXX | XXX |
| Reece | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Argos | XXX | XXX | XXX | XXX | XXX | XXX |
| ACC | XXX | XXX | XXX | XXX | XXX | XXX |
| Ambuja Cements | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Carrier Global acquired XXX companies to date.
Last acquisition by Carrier Global was XXXXXXXX, XXXXX XXXXX XXXXXX . Carrier Global acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Carrier Global founded? | Carrier Global was founded in 2019. |
| Where is Carrier Global headquartered? | Carrier Global is headquartered in United States of America. |
| How many employees does Carrier Global have? | As of today, Carrier Global has 48K+ employees. |
| Who is the CEO of Carrier Global? | Carrier Global's CEO is Mr. David L. Gitlin. |
| Is Carrier Global publicy listed? | Yes, Carrier Global is a public company listed on NYS. |
| What is the stock symbol of Carrier Global? | Carrier Global trades under CARR ticker. |
| When did Carrier Global go public? | Carrier Global went public in 2020. |
| Who are competitors of Carrier Global? | Similar companies to Carrier Global include e.g. Brickworks, Reece, Grupo Argos, ACC. |
| What is the current market cap of Carrier Global? | Carrier Global's current market cap is $52.3B |
| What is the current revenue of Carrier Global? | Carrier Global's last 12-month revenue is $22.5B. |
| What is the current EBITDA of Carrier Global? | Carrier Global's last 12-month EBITDA is $4.2B. |
| What is the current EV/Revenue multiple of Carrier Global? | Current revenue multiple of Carrier Global is 2.7x. |
| What is the current EV/EBITDA multiple of Carrier Global? | Current EBITDA multiple of Carrier Global is 14.5x. |
| What is the current revenue growth of Carrier Global? | Carrier Global revenue growth between 2023 and 2024 was 2%. |
| Is Carrier Global profitable? | Yes, Carrier Global is EBITDA-positive (as of the last 12 months). |
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