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Carrier Global provides HVAC and refrigeration products and services that serve the global residential, commercial, and transportation markets. The company's HVAC businesses account for approximately 85% of consolidated revenue, with residential and light commercial HVAC and commercial HVAC representing about 60% and 25% of total revenue, respectively. Carrier's refrigeration segment, which accounts for approximately 15% of consolidated revenue, consists of its transportation refrigeration and Sensitech supply chain monitoring products and services.
2019
48K+
LTM Revenue $22.7B
LTM EBITDA $4.3B
$71.0B
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 (LTM) of $22.7B and a last 12-month EBITDA of $4.3B.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $22.7B | XXX | $22.5B | XXX | XXX | XXX |
| Gross Profit | $6.2B | XXX | $6.0B | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $4.3B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $3.7B | XXX | $2.1B | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $2.5B | XXX | $5.6B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 25% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.3B | XXX | XXX | XXX |
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As of May 30, 2025, Carrier Global's stock price is $71.
Carrier Global has current market cap of $61.0B, and EV of $71.0B.
See Carrier Global trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $71.0B | $61.0B | XXX | XXX | XXX | XXX | $2.75 |
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Start Free TrialAs of May 30, 2025, Carrier Global has market cap of $61.0B and EV of $71.0B.
Carrier Global's trades at 3.2x EV/Revenue multiple, and 17.4x EV/EBITDA.
Equity research analysts estimate Carrier Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Carrier Global has a P/E ratio of 24.9x.
See valuation multiples for Carrier Global and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $61.0B | XXX | $61.0B | XXX | XXX | XXX |
| EV (current) | $71.0B | XXX | $71.0B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 16.4x | XXX | 17.4x | XXX | XXX | XXX |
| EV/EBIT | 19.4x | XXX | 33.8x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 24.9x | XXX | 10.9x | XXX | XXX | XXX |
| EV/FCF | 66.1x | XXX | 1612.8x | 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.
Start Free TrialCarrier Global's last 12 month revenue growth is 4%
Carrier Global's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Carrier Global's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Carrier Global's rule of X is 28% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Carrier Global and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | 17% | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | 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 |
| Iktinos Hellas | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Argos | XXX | XXX | XXX | XXX | XXX | XXX |
| ACC | 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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, Iktinos Hellas, Grupo Argos. |
| What is the current market cap of Carrier Global? | Carrier Global's current market cap is $61.0B |
| What is the current revenue of Carrier Global? | Carrier Global's last 12 months revenue is $22.7B. |
| What is the current revenue growth of Carrier Global? | Carrier Global revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Carrier Global? | Current revenue multiple of Carrier Global is 3.1x. |
| Is Carrier Global profitable? | Yes, Carrier Global is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Carrier Global? | Carrier Global's last 12 months EBITDA is $4.3B. |
| What is Carrier Global's EBITDA margin? | Carrier Global's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Carrier Global? | Current EBITDA multiple of Carrier Global is 16.4x. |
| What is the current FCF of Carrier Global? | Carrier Global's last 12 months FCF is $1.1B. |
| What is Carrier Global's FCF margin? | Carrier Global's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Carrier Global? | Current FCF multiple of Carrier Global is 66.1x. |
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