Carrier GlobalCARR +4.68%79 ROE % is 6.99% as of Mar. 2026, which is 64% below its 10-year median of 19.57. GuruFocus rates CARR with a GF Score™ of 79/100 and a GF Value™ of $67.63 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,743 Construction companies, Carrier Global ranks better than 59.67% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carrier Global's annualized net income for the quarter that ended in Mar. 2026 was $952 Mil. Carrier Global's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $13,628 Mil. Therefore, Carrier Global's annualized ROE % for the quarter that ended in Mar. 2026 was 6.99%.
The historical rank and industry rank for Carrier Global's ROE % or its related term are showing as below:
CARR'
s ROE % Range Over the Past 10 Years
Min: 9.31 Med: 19.57 Max: 49.25
Current: 9.31
During the past 9 years, Carrier Global's highest ROE % was 49.25%. The lowest was 9.31%. And the median was 19.57%.
CARR's ROE % is ranked better than 59.67% of 1743
companies
in the Construction industry
Industry Median: 6.71
vs CARR: 9.31
Carrier Global (NYSE:CARR) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Carrier Global ROE % Related Terms
Carrier Global ROE % Historical Data
* Premium members only.
The historical data trend for Carrier Global's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's ROE % distribution charts can be found below:
* The bar in red indicates where Carrier Global's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Carrier Global (CARR) has a ROE % of 6.99% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Carrier Global and its competitors. This is 64% below median its historical median of 19.57. Over the past decade, Carrier Global's ROE % has ranged from 9.31 to 49.25. According to the industry distribution chart, Carrier Global ranks #703 out of 1743 companies in the Construction industry, placing it in the top 40.3%.
Is Carrier Global's ROE % too high?
Carrier Global's current ROE % of 6.99% is 64% below median its 10-year median of 19.57. Over the past 10 years, this metric has ranged from a low of 9.31 to a high of 49.25. The Construction industry median ROE % is 6.71. Carrier Global's value of 6.99% is 4.2% above this industry median. Based on the distribution chart, Carrier Global ranks #703 out of 1743 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 ROE % compare to JCI and MAIR?
According to the Construction industry distribution chart, Carrier Global ranks #703 out of 1743 companies for ROE %. This puts Carrier Global in the upper half of its industry. The industry median ROE % is 6.71. Carrier Global's value of 6.99% is 4.2% above this benchmark. Historically, Carrier Global's own ROE % has ranged from 9.31 to 49.25 over the past decade. While the company's 10-year median is 19.57 vs. the industry median of 6.71, Carrier Global has consistently been above 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 ROE % for a Construction company?
The median ROE % among Construction companies is 6.71, based on 1,743 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current ROE % of 6.99% is 4.2% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Carrier Global and its competitors. For the Construction industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current ROE % is 6.99%, which is 64% below median its own 10-year median of 19.57. 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 $67.63, compared to a current price of $74.06 — trading 9.5% above its estimated fair value. The current ROE % is 6.99%, which is 64% below median its 10-year median of 19.57 and 4.2% above the Construction industry median of 6.71. Carrier Global's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Carrier Global (CARR), the current ROE % is 6.99% 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 $67.63.
GuruFocus considers Carrier Global to be Fairly Valued.
Key valuation signals for CARR:
ROE %: 6.99% (64% below median its 10-year median of 19.57)
GF Value™: $67.63 vs. price of $74.06 (9.5% above fair value)
Industry Position: 4.2% above the Construction median (#703 of 1743)
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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