3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Carrier Global's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Carrier Global's 3-Year ROIIC % or its related term are showing as below:
XSWX:CARR's 3-Year ROIIC % is ranked worse than 59.22% of 1682
companies
in the Construction industry
Industry Median: 4.63
vs XSWX:CARR: 0.45
Carrier Global (XSWX:CARR) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Carrier Global 3-Year ROIIC % Related Terms
Carrier Global 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Carrier Global's 3-Year ROIIC % 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.
XSWX:CARR vs JCI, LII, MAIR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Carrier Global's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Carrier Global's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Carrier Global (XSWX:CARR) has a 3-Year ROIIC % of 0.45 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carrier Global and its competitors. According to the industry distribution chart, Carrier Global ranks #996 out of 1682 companies in the Construction industry, placing it in the top 59.2%.
Is Carrier Global's 3-Year ROIIC % too high?
Carrier Global's current 3-Year ROIIC % is 0.45. The Construction industry median 3-Year ROIIC % is 4.63. Carrier Global's value of 0.45 is 90.3% below this industry median. Based on the distribution chart, Carrier Global ranks #996 out of 1682 companies in the Construction industry, which is below the industry midpoint. Overall, Carrier Global has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's 3-Year ROIIC % compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #996 out of 1682 companies for 3-Year ROIIC %. This places Carrier Global in the lower half of its industry. The industry median 3-Year ROIIC % is 4.63. Carrier Global's value of 0.45 is 90.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,682 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current 3-Year ROIIC % of 0.45 is 90.3% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carrier Global and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current 3-Year ROIIC % is 0.45. 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?
Carrier Global (XSWX:CARR) has a current 3-Year ROIIC % of 0.45. The stock's GF Value™ is CHF55.08, compared to a current price of CHF56.32 — trading 2.3% above its estimated fair value. The current 3-Year ROIIC % is 0.45 and 90.3% below the Construction industry median of 4.63. Carrier Global's overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Carrier Global (XSWX:CARR), the current 3-Year ROIIC % is 0.45 as of Dec. 2025. 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 (XSWX:CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued.
The current stock price of CHF56.32 is trading 2.3% above its estimated GF Value™ of CHF55.08.
Key valuation signals for XSWX:CARR:
3-Year ROIIC %: 0.45
GF Value™: CHF55.08 vs. price of CHF56.32 (2.3% above fair value)
Industry Position: 90.3% below the Construction median (#996 of 1682)
No single metric tells the full story. See the XSWX: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.
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