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Carrier Global Valuation Multiples
Discover revenue and EBITDA valuation multiples for Carrier Global and similar public comparables like Sumitomo Electric, Legrand, Saint-Gobain, Rockwell Automation and more.
Carrier Global Overview
About Carrier Global
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier’s fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
Founded
2019
HQ
Employees
47.0K
Website
Sectors
Financials (LTM)
EV
$60B
Carrier Global Financials
Carrier Global reported last 12-month revenue of $22B and EBITDA of $4B.
In the same LTM period, Carrier Global generated $6B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
Carrier Global P&L
In the most recent fiscal year, Carrier Global reported revenue of $22B and EBITDA of $4B.
Carrier Global expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $22B | XXX | $22B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Carrier Global Stock Performance
Carrier Global has current market cap of $49B, and enterprise value of $60B.
Market Cap Evolution
Carrier Global's stock price is $58.55.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $60B | $49B | -9.4% | XXX | XXX | XXX | $2.67 |
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Start Free TrialCarrier Global Valuation Multiples
Carrier Global trades at 2.7x EV/Revenue multiple, and 15.6x EV/EBITDA.
EV / Revenue (LTM)
Carrier Global Financial Valuation Multiples
As of April 16, 2026, Carrier Global has market cap of $49B and EV of $60B.
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 21.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $49B | XXX | $49B | XXX | XXX | XXX |
| EV (current) | $60B | XXX | $60B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.6x | XXX | 16.1x | XXX | XXX | XXX |
| EV/EBIT | 18.0x | XXX | 18.1x | XXX | XXX | XXX |
| EV/Gross Profit | 10.1x | XXX | 10.6x | XXX | XXX | XXX |
| P/E | 21.7x | XXX | 21.9x | XXX | XXX | XXX |
| EV/FCF | 28.2x | XXX | 28.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Carrier Global Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Carrier Global Margins & Growth Rates
Carrier Global's revenue in the last 12 month grew by 2%.
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 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Carrier Global's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Carrier Global Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 14% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Carrier Global Public Comps
See public comps and valuation multiples for other Automation & Robotics and Building Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Carrier Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Sumitomo Electric | XXX | XXX | XXX | XXX | XXX | XXX |
| Legrand | XXX | XXX | XXX | XXX | XXX | XXX |
| Saint-Gobain | XXX | XXX | XXX | XXX | XXX | XXX |
| Rockwell Automation | XXX | XXX | XXX | XXX | XXX | XXX |
| Hikvision | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Carrier Global M&A Activity
Carrier Global acquired XXX companies to date.
Last acquisition by Carrier Global was on XXXXXXXX, XXXXX. Carrier Global acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Carrier Global
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCarrier Global Investment Activity
Carrier Global invested in XXX companies to date.
Carrier Global made its latest investment on XXXXXXXX, XXXXX. Carrier Global invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Carrier Global
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Carrier Global
| When was Carrier Global founded? | Carrier Global was founded in 2019. |
| Where is Carrier Global headquartered? | Carrier Global is headquartered in United States. |
| How many employees does Carrier Global have? | As of today, Carrier Global has over 47K employees. |
| Who is the CEO of Carrier Global? | Carrier Global's CEO is David L. Gitlin. |
| Is Carrier Global publicly listed? | Yes, Carrier Global is a public company listed on NYSE. |
| 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? | Carrier Global main competitors are Sumitomo Electric, Legrand, Saint-Gobain, Rockwell Automation. |
| What is the current market cap of Carrier Global? | Carrier Global's current market cap is $49B. |
| What is the current revenue of Carrier Global? | Carrier Global's last 12 months revenue is $22B. |
| What is the current revenue growth of Carrier Global? | Carrier Global revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Carrier Global? | Current revenue multiple of Carrier Global is 2.7x. |
| 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 $4B. |
| What is Carrier Global's EBITDA margin? | Carrier Global's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Carrier Global? | Current EBITDA multiple of Carrier Global is 15.6x. |
| What is the current FCF of Carrier Global? | Carrier Global's last 12 months FCF is $2B. |
| What is Carrier Global's FCF margin? | Carrier Global's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Carrier Global? | Current FCF multiple of Carrier Global is 28.2x. |
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