Carrier Global Corp. (CARR) intrinsic value & 10-year financials
Carrier Global Corp. (CARR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 2.0% a year to $21.7B, with an average return on invested capital of 15.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $55.00
- Market cap
- $47.4B
- Revenue (FY2025)
- $21.7B
- Revenue growth (9-yr CAGR)
- 2.0%
- ROIC (10-yr avg)
- 15.4%
- Free cash flow (FY2025)
- $2.1B
CARR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $21.7B | $1.5B | $1.72 | $2.1B | 10.0% | 8.2% |
| FY2024 | $22.5B | $5.6B | $6.15 | $44.0M | 11.8% | 12.8% |
| FY2023 | $22.1B | $1.3B | $1.58 | $2.1B | 10.4% | 11.7% |
| FY2022 | $20.4B | $3.5B | $4.10 | $1.4B | 22.1% | 27.8% |
| FY2021 | $20.6B | $1.7B | $1.87 | $1.9B | 12.8% | 13.6% |
| FY2020 | $17.5B | $2.0B | $2.25 | $1.4B | 17.7% | 15.9% |
| FY2019 | $18.6B | $2.2B | $2.44 | $1.8B | 13.4% | 14.8% |
| FY2018 | $18.9B | $2.8B | $3.16 | $1.8B | 19.2% | 18.0% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Carrier Global revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Carrier Global returns on capital have been average, hovering around 15.0% ROIC over the decade.
Carrier Global capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Carrier Global is modeled at -8.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.08 per share.