CARR
Carrier Global Corporation

Carrier Global CorporationCARR

Industrials · Building Products & Equipment
55.26USD
+1.17%
Sep 23, 2026
CARR overview ready
Provider of Energy-Efficient Thermal Infrastructure for AI Data Centers
Carrier is a direct thermal-infrastructure provider to data centers, supplying cooling equipment, liquid-cooling systems, controls, monitoring software and lifecycle service rather than compute hardware or data-center capacity itself.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — infrastructure supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to economic cycles impacting construction and infrastructure spending.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat9.5ThemeHeat9.3PriceAction3.4Valuation6.1CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$45.6B
Avg Volume (60D)
6.8M
60 sessions
Revenue Growth YoY
-3.3%
FY2025 vs FY2024
Gross Margin
+24.7%
Trailing twelve months
Operating Margin
+7.8%
Trailing twelve months
Free Cash Flow Yield
+4.2%
Distance from 200DMA
-9.8%
Next Earnings
2026-10-27
P/E
37.3x
EV / EBITDA
18.4x
EV / Sales
2.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
Carrier Global Corporation has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Carrier is a direct thermal-infrastructure provider to data centers, supplying cooling equipment, liquid-cooling systems, controls, monitoring software and lifecycle service rather than compute hardware or data-center capacity itself.
Opportunity
Moderate opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to economic cycles impacting construction and infrastructure spending.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with moderate fit.
Carrier has a real and increasingly visible AI-data-center cooling exposure: its commercial HVAC platform sells chillers, air handlers, coolant-distribution units, controls, data-center-infrastructure-management software and service into high-density facilities.
Narrative HeatHot9.5 / 10
Theme HeatHot9.3 / 10
This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Industrials · Building Products & Equipment
What they do

Carrier Global Corporation designs, manufactures, and sells heating, ventilation, air conditioning, and refrigeration systems globally through four regional segments and a transportation-focused segment.

How it earns

The company generates revenue primarily through transactional sales of equipment and related aftermarket services including repair, maintenance, and rentals.

Products & services
Air conditioners
Heating systems
Heat pumps
Energy management systems
Automation systems
Aftermarket components
Repair and maintenance services
Rental services
Customers & end markets
Residential and commercial building owners and operators
Transportation sector
Data centers
Market position

Carrier is a global leader in building products and climate control solutions with a broad geographic footprint and diversified product portfolio.

Demand drivers
Medium cyclicality

Demand is influenced by construction cycles, infrastructure investment, and economic conditions affecting building and transportation sectors.