CARR NYSE
Carrier Global Corporation
1W: +2.2%
1M: +0.1%
3M: -10.6%
YTD: +5.9%
1Y: -0.8%
3Y: +18.6%
5Y: +11.0%
$57.83
+1.39 (+2.46%)
After Hours: $57.52 (-0.31, -0.54%)
Weekly Expected Move ±2.2%
$54
$55
$56
$57
$59
Credit Risk of going bust: lower than 64% of companies Debt: 21.0% of company value Bonds: $185.4M held by 267 funds, 76 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.17 (down 98%), Carrier Global Corporation would be worth roughly what it owes.
Total debt $12.39B against a stock market value of $46.52B.
Distance to default 6.67 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $6.79B (short-term plus half of long-term), stock volatility 35.0%; Altman Z 2.39. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.17 (down 98%), Carrier Global Corporation would be worth roughly what it owes.
Total debt $12.39B against a stock market value of $46.52B.
Distance to default 6.67 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $6.79B (short-term plus half of long-term), stock volatility 35.0%; Altman Z 2.39. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$2.1B
+271.0% ▲
5Y CAGR: +4.3%
Capital Expenditures
$392M
+24.5% ▲
5Y CAGR: +4.7%
Free Cash Flow
$1.7B
+3756.8% ▲
5Y CAGR: +4.2%
Dividends Paid
$772M
-15.2% ▼
Buybacks
$2.9B
-48.8% ▼
Net Change in Cash
-$2.4B
+58.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $1.7B | $3.2B | $1.5B | $1.2B | $1.5B |
| Depreciation & Amort. | $338M | $328M | $491M | $1.2B | $1.3B |
| Stock-Based Comp. | $92M | $65M | $71M | $86M | $74M |
| Change in Working Capital | $317M | -$241M | $503M | $339M | -$143M |
| Other Non-Cash Items | -$137M | -$1.5B | $307M | -$2.0B | -$208M |
| Operating Cash Flow | $2.2B | $1.7B | $2.6B | $563M | $2.1B |
| — Investing Activities — | |||||
| Capital Expenditures | -$344M | -$317M | -$439M | -$519M | -$392M |
| Acquisitions (Net) | -$366M | $2.3B | -$30M | -$10.3B | $0 |
| Investment Purchases | $0 | -$194M | -$50M | -$264M | $0 |
| Investment Sales | $11M | $0 | $0 | $0 | -$32M |
| Other Investing | $7M | -$36M | -$141M | $9.0B | $81M |
| Investing Cash Flow | -$692M | $1.7B | -$660M | -$2.0B | -$343M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$551M | -$992M | $5.5B | -$1.9B | -$889M |
| Stock Repurchased | -$527M | -$1.4B | -$62M | -$1.9B | -$2.9B |
| Dividends Paid | -$417M | -$509M | -$620M | -$670M | -$772M |
| Other Financing | -$67M | -$50M | -$199M | -$139M | -$119M |
| Financing Cash Flow | -$1.6B | -$2.9B | $4.6B | -$4.6B | -$4.7B |
| Net Change in Cash | -$89M | $501M | $6.3B | -$5.9B | -$2.4B |
| Cash End of Period | $3.0B | $3.5B | $9.9B | $4.0B | $1.6B |
| Free Cash Flow | $1.9B | $1.4B | $2.2B | $44M | $1.7B |