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Carrier Global CARR Debt-to-equity

Debt-to-equity at other companies

EMCOR Group logo
EMCOR GroupEME
0.1×0.0×
Johnson Controls International logo
Johnson Controls InternationalJCI
0.1×-0.5×
Comfort Systems USA logo
Comfort Systems USAFIX
0.1×0.0×
Lennox International logo
Lennox InternationalLII
1.4×-0.2×
Trane Technologies logo
Trane TechnologiesTT
0.5×-0.2×
APi Group logo
APi GroupAPG
0.8×-0.1×

Other financials

Income statement

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Revenue$5.3B+2.4%
Operating income$259.0M-58.8%
Net income$238.0M-42.2%
EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%
Total debt$12.8B+9.6%
Total equity$13.8B-2.8%
Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%
CapEx$94.0M+49.2%
Free cash flow-$15.0M-104%

Valuation

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Market cap$57.72B-14.1%
Enterprise value$69.19B-9.7%
P/E44.1×+32.4×
P/S2.6×-0.4×

Profitability

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Gross margin26.6%-0.6pp
Operating margin8.2%-4.7pp
Net margin6%-19.8pp

Returns & leverage

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Return on equity9.4%-34.7pp
Current ratio1.1×-0.2×

Where this comes from

Calculated from Carrier Global’s reported figures.

Based on the most recent quarter.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's debt-to-equity?
Carrier Global (CARR) reported debt-to-equity of 0.9× in Q1 2026.
How has Carrier Global's debt-to-equity changed year-over-year?
Carrier Global's debt-to-equity increased by 12.7% year-over-year, from 0.8× to 0.9×.
What is the long-term trend for Carrier Global's debt-to-equity?
Over 4 years (2021 to 2025), Carrier Global's debt-to-equity has grown at a -13.7% compound annual growth rate (CAGR), from 5.9× to 3.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.