Carrier GlobalCARR +4.68%79 ROA % is 2.56% as of Mar. 2026, which is 71% below its 10-year median of 8.97. GuruFocus rates CARR with a GF Score™ of 79/100 and a GF Value™ of $67.65 (Fairly Valued). The stock has 12 warning signs investors should review. Among 1,782 Construction companies, Carrier Global ranks better than 55.27% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Carrier Global's annualizedNet Income for the quarter that ended in Mar. 2026 was $952 Mil.
Carrier Global's average Total Assets over the quarter that ended in Mar. 2026 was $37,188 Mil. Therefore, Carrier Global's annualized ROA % for the quarter that ended in Mar. 2026 was 2.56%.
The historical rank and industry rank for Carrier Global's ROA % or its related term are showing as below:
CARR'
s ROA % Range Over the Past 10 Years
Min: 3.5 Med: 8.97 Max: 15.96
Current: 3.5
During the past 9 years, Carrier Global's highest ROA % was 15.96%. The lowest was 3.50%. And the median was 8.97%.
CARR's ROA % is ranked better than 55.27% of 1782
companies
in the Construction industry
Industry Median: 2.79
vs CARR: 3.50
Carrier Global (NYSE:CARR) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Carrier Global ROA % Related Terms
Carrier Global ROA % Historical Data
* Premium members only.
The historical data trend for Carrier Global's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Building Products & Equipment subindustry, Carrier Global's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carrier Global ROA % vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's ROA % distribution charts can be found below:
* The bar in red indicates where Carrier Global's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Carrier Global (CARR) has a ROA % of 2.56% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carrier Global and its competitors. This is 71% below median its historical median of 8.97. Over the past decade, Carrier Global's ROA % has ranged from 3.50 to 15.96. According to the industry distribution chart, Carrier Global ranks #797 out of 1782 companies in the Construction industry, placing it in the top 44.7%.
Is Carrier Global's ROA % too high?
Carrier Global's current ROA % of 2.56% is 71% below median its 10-year median of 8.97. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 15.96. The Construction industry median ROA % is 2.79. Carrier Global's value of 2.56% is 8.2% below this industry median. Based on the distribution chart, Carrier Global ranks #797 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, Carrier Global has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's ROA % compare to JCI and MAIR?
According to the Construction industry distribution chart, Carrier Global ranks #797 out of 1782 companies for ROA %. This puts Carrier Global in the upper half of its industry. The industry median ROA % is 2.79. Carrier Global's value of 2.56% is 8.2% below this benchmark. Historically, Carrier Global's own ROA % has ranged from 3.50 to 15.96 over the past decade. While the company's 10-year median is 8.97 vs. the industry median of 2.79, Carrier Global has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Construction company?
The median ROA % among Construction companies is 2.79, based on 1,782 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current ROA % of 2.56% is 8.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carrier Global and its competitors. For the Construction industry, the median ROA % is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current ROA % is 2.56%, which is 71% below median its own 10-year median of 8.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Based on GuruFocus' analysis, Carrier Global (CARR) is currently considered Fairly Valued. The stock's GF Value™ is $67.65, compared to a current price of $74.06 — trading 9.5% above its estimated fair value. The current ROA % is 2.56%, which is 71% below median its 10-year median of 8.97 and 8.2% below the Construction industry median of 2.79. Carrier Global's overall GF Score™ is 79/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Carrier Global (CARR), the current ROA % is 2.56% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carrier Global (CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of $74.06 is trading 9.5% above its estimated GF Value™ of $67.65.
GuruFocus considers Carrier Global to be Fairly Valued.
Key valuation signals for CARR:
ROA %: 2.56% (71% below median its 10-year median of 8.97)
GF Value™: $67.65 vs. price of $74.06 (9.5% above fair value)
Industry Position: 8.2% below the Construction median (#797 of 1782)
No single metric tells the full story. See the CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
79GF Score
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