OakChart

Carrier Global Corp

CARRIndustrials·Building Products & Equipment·USA·Large·NYSE·Nov 11 • 12:01 PM ET

54.42+1.41 (2.65%)
2026-11-11 18:02 CET
Market cap
43,370.66 USD m
Revenue, TTM
22,792.00 USD m
Net income, TTM
-1,800.00 USD m
Free cash flow, TTM
2,378.00 USD m
EPS diluted, TTM
-2.21
P/E
-
Compare

Price

CARR against its 20, 50 and 200-day averages
2050200missearnings
60.0070.0010.7M21.4MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CARRclose 54.4220-day 55.1450-day 55.62200-day 61.7054.4252w high

29.1% under the 52-week high of 76.76 on 25 Jun 2026. 52-week low 50.24 on 6 Jan 2026. Last 15 sessions, 10.8% high to low

Profile

CARR
52-week range, 16% of the way up
50.2476.76

Carrier Global Corp. engages in the provision of climate and energy solutions with a focus on providing differentiated, digitally-enabled lifecycle solutions to its customers. Its portfolio includes brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold that offer innovative heating, ventilating, air conditioning (HVAC) and cold chain transportation solutions. It also provides a broad array of related building services, including audit, design, installation, system integration, repair, maintenance and monitoring. The firm operates through the following segments: Climate Solutions Americas (CSA), Climate Solutions Europe (CSE), Climate Solutions Asia Pacific, Middle East & Africa (CSAME) and Climate Solutions Transportation (CST). The CSA segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers in North and South America. The CSE segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers in Europe. The CSAME segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers in Asia Pacific, the Middle East and Africa. The CST segment includes global transport refrigeration and monitoring products, services and digital solutions for trucks, trailers, shipping containers, intermodal and rail. The company was founded by Willis Haviland Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

IndexS&P 500, RUI
Employees47000
IPOMar 19, 2020
Beta1.33
ATR, 14d1.71
Rel volume0.78
Short float2.44%
Insider own4.77%
Inst own91.04%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap44.52B
Enterprise Value55.38B
Income-1.80B
Sales22.79B
Book/sh12.28
Cash/sh1.69
Dividend Est.0.93 (1.71%)
Dividend TTM0.96 (1.76%)
Dividend Ex-DateOct 29, 2026
Dividend Gr. 3/5Y12.86% 26.86%
Payout52.40%
Employees47000
IPOMar 19, 2020

Ratios

P/E-
Forward P/E17.11
PEG1.45
P/S1.95
P/B4.43
P/C32.24
P/FCF18.72
EV/EBITDA16.44
EV/Sales2.43
Quick Ratio0.68
Current Ratio1.00
Debt/Eq1.18
LT Debt/Eq1.03
Option/ShortYes / Yes

Earnings

EPS (ttm)-2.21
EPS next Y3.18
EPS next Q0.58
EPS this Y10.68%
EPS next Y10.92%
EPS next 5Y11.83%
EPS past 3/5Y-24.78% -4.96%
Sales past 3/5Y2.12% 4.49%
EPS Y/Y TTM-187.15%
Sales Y/Y TTM3.33%
EPS Q/Q-765.68%
Sales Q/Q12.26%
EarningsOct 29 BMO
EPS/Sales Surpr.14.81% 2.77%

Ownership

Insider Own4.77%
Insider Trans-23.66%
Inst Own91.04%
Inst Trans1.14%
ROA-5.09%
ROE-14.86%
ROIC-8.80%
Gross Margin24.96%
Oper. Margin9.16%
Profit Margin-7.90%
SMA20-1.31%
SMA50-2.17%
SMA200-11.81%
Trades-

Technical

Shs Outstand818.67M
Shs Float779.10M
Short Float2.44%
Short Ratio3.09
Short Interest19.01M
52W High76.76 -29.11%
52W Low50.24 8.31%
Volatility3.37% 2.95%
ATR (14)1.71
RSI (14)46.97
Beta1.33
Rel Volume0.78
Avg Volume6.16M
Volume2,017,414

Performance

Perf Week-2.24%
Perf Month-1.12%
Perf Quarter-14.10%
Perf Half Y-17.01%
Perf YTD2.98%
Perf Year-4.48%
Perf 3Y5.66%
Perf 5Y-0.16%
Perf 10Y-
Recom2.08
Target Price68.41
Prev Close53.01
Price54.42
Change %2.65%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 14, 2026DowngradeGGoldmanBuy → Neutral$61+12.1%
Oct 09, 2026ResumedJJP MorganNeutral$61+12.1%
Sep 25, 2026InitiatedWWells FargoOverweight$67+23.1%
Jun 10, 2026InitiatedBBernsteinMkt Perform$75+37.8%
Apr 14, 2026InitiatedBBNP Paribas ExaneNeutral$62+13.9%
Apr 13, 2026InitiatedEEvercore ISIOutperform$75+37.8%
Oct 14, 2025DowngradeOOppenheimerOutperform → Perform
Jul 15, 2025DowngradeJJP MorganOverweight → Neutral$79+45.2%
Jul 01, 2025InitiatedMMeliusHold$90+65.4%
May 09, 2025UpgradeNNorthcoastNeutral → Buy$85+56.2%

Peers

Mkt cap
TickerCompanyMkt cap
TTTrane Technologies plc93.73B
JCIJohnson Controls International plc87.99B
LIILennox International Inc12.04B
AAONAAON Inc6.50B
MAIRMadison Air Solutions Corp12.25B
VRTVertiv Holdings Co80.80B
SPXCSPX Technologies Inc7.75B
WSOWatsco Inc12.94B
AOSA.O. Smith Corp8.55B
MODModine Manufacturing Co5.88B

Insider trading

10 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Pandya GaurangPresident CHVAC AmericasNov 01 '26Option Exercise0.0062,7160112,606Nov 03 06:52 PM
Yildiz BerilVP, Controller & CAOOct 01 '26Option Exercise0.001,06501,065Oct 02 05:08 PM
Dryden Edward C.President, CSTJul 01 '26Option Exercise0.006,894011,505Jul 02 05:36 PM
Viessmann MaximilianDirectorMay 20 '26Sale62.0112,094,823749,999,97437,979,286May 20 06:16 PM
Viessmann Traeger HoldCo GmbHAffiliateMay 20 '26Proposed Sale62.0112,094,823750,000,000May 20 06:09 PM
Pandya GaurangPresident, CSAMay 01 '26Option Exercise0.0050,616071,436May 01 05:38 PM
Gierges Michael LotfyPresident, CSAMEApr 01 '26Option Exercise0.005,32005,320Apr 02 05:15 PM
Heim ThomasPresident, CSEFeb 09 '26Option Exercise0.0050013,847Feb 11 07:42 PM
Heim ThomasPresident, CSEFeb 01 '26Option Exercise0.0013,797013,797Feb 03 07:33 PM
Gitlin David L.Chairman and CEONov 25 '25Buy52.6219,3001,015,572534,474Nov 25 11:25 AM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
CGDVCapital Group Dividend Value ETFAUM: 38.73B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B

News

latest 14 of 206
  • Universal Electronics and Carrier Introduce Smart Thermostat Featuring InteliSense Technology to Advance Comfort and Service (Business Wire)
  • Industrial Stocks Drop Amid Fears of AI Data Center Slowdown (The Wall Street Journal)
  • Automated Logic Signs Agreement to Acquire Logical Solutions, Inc. (PR Newswire)
  • Carrier to Present at Baird's 2026 Global Industrial Conference (PR Newswire)
  • Carrier leverages new chillers to grow data center business (Facilities Dive)
  • Loading…
  • Carrier's Orders Boom And Sales Guidance Jumps, But A Refund-Aided Beat And Flat Profit Outlook Expose A Price-Cost Squeeze (Earnings Whispers)
  • Carrier Global stock gains on earnings beat and strong guidance (Investing.com)
  • Carrier Global: Q3 Earnings Snapshot (Associated Press)
  • Carrier Reports Third Quarter 2026 Results (PR Newswire)
  • Amazon headlines another busy day of earnings that includes Intel and Sandisk (MarketWatch)
  • Stock Market Today: Dow set for 300-point gain as S&P 500 and Nasdaq poised to decline after Alphabet results; Amazon and Intel earnings on tap (MarketWatch)
  • Carrier Global to spend more than $600M on campus in Fort Worth, Texas (Manufacturing Dive)
  • 5 US manufacturing projects bring more than $1.6B in investments (FreightWaves)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-290.8700.758-3.1606,2636,09421
2026Q22026-07-280.8600.8170.5996,3516,01821
2026Q12026-04-300.5700.5080.2845,3415,01523
2025Q42026-02-050.3400.3580.0634,8374,97620
2025Q32025-10-280.6700.5610.4745,5795,54219
2025Q22025-07-290.9200.9060.7026,1136,10921
2025Q12025-05-010.6500.5840.4695,2185,18620
2024Q42025-02-110.5400.5030.8475,1485,30619
2024Q32024-10-240.7700.8070.4895,9846,59019
2024Q22024-07-250.8700.8462.5536,6897,05418
2024Q12024-04-250.6200.5030.2956,1826,33617
2023Q42024-02-060.5300.5100.4925,1025,22718
2023Q32023-10-260.8900.7960.4185,7315,88718
2023Q22023-07-270.7900.7700.2345,9925,82620
2023Q12023-04-250.5200.4830.4385,2735,05120
2022Q42023-02-070.4000.4000.3175,1055,11121

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.398-2.44318,608-
2020FY1.6601.7122.25217,45617,369
2021FY2.2602.2081.86920,61320,302
2022FY2.3402.3404.10420,42120,424
2023FY2.7302.7141.93022,09822,223
2024FY2.5602.5210.46922,48622,593
2025FY2.5902.6041.72021,74721,899
2026FY-2.867--23,818
2027FY-3.179--25,245
2028FY-3.622--26,764
2029FY-4.136--28,511
2030FY-4.278--28,609

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-09201905,8865,5876,006
2026Q4S2026-11-02201805,8735,5876,006
2026Q4S2026-10-29201705,8545,5006,006
2026Q4S2026-10-2820525,5675,3825,826
2026Q4S2026-10-2320625,5675,3825,826
2026Q4S2026-10-1320525,5635,3825,826
2026Q4S2026-10-1220425,5595,3825,826
2026Q4S2026-10-1120625,5595,3825,826
2026Q4S2026-10-09201725,5595,3825,826
2026Q4S2026-10-08201725,5555,3345,826
2026Q4S2026-10-06191625,5565,3345,826
2026Q4S2026-10-05191625,5565,3345,826
2026Q4S2026-10-02191625,5565,3345,826
2026Q4S2026-09-29191715,5635,3345,826

Estimate history

EPS, annual1.4173.1562.4432.2521.8694.1041.930.4691.746-2.2102
Period201720182019202020212022202320242025TTM
EPS, quarterly0.4890.8470.4690.7020.4740.0630.2840.599-3.155
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual17814189141860817456206132042118951224862174722792
Period201720182019202020212022202320242025TTM
Sales, quarterly598451485218611355794837534163516263
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual866.223866.223866.223867.829863.039834.665839.91878.338836.141818.67
Period201720182019202020212022202320242025MRQ
Shares, quarterly997.11878.338860.19850.823843.922836.141831.392825.026818.67
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue22,792.0021,747.0022,486.0018,951.0020,421.0020,613.0017,456.0018,608.0018,914.00
Cost of Goods Sold Incl. D&A17,103.0016,081.0016,463.0013,776.0014,948.0014,605.0012,327.0013,153.0013,309.00
Gross Profit5,689.005,666.006,023.005,175.005,473.006,008.005,129.005,455.005,605.00
Selling, General and Administrative Excl. Other3,597.003,525.003,817.003,038.003,029.003,563.003,135.002,985.003,045.00
Research and Development605.00625.00686.00493.00539.00503.00419.00401.00400.00
Other Operating Expense5.00-23.00-39.009.00-1,840.00-42.0045.00-106.00-138.00
Operating Income2,087.002,164.002,245.002,128.004,284.002,487.001,949.002,576.002,698.00
Interest Expense468.00458.00580.00306.00302.00319.00298.0075.0084.00
Unusual Expense3,357.00234.00194.00179.0031.0091.00196.00321.0080.00
Net Income Before Taxes-1,467.001,798.002,274.001,999.004,292.002,400.002,855.002,672.003,842.00
Income Taxes229.00240.001,062.00521.00708.00699.00849.00517.001,073.00
Consolidated Net Income-1,696.001,558.001,212.001,478.003,584.001,701.002,006.002,155.002,769.00
Net Income From Continuing Operations-1,825.001,455.001,108.001,387.003,534.001,664.001,982.002,116.002,734.00
Net Income-1,800.001,506.00428.001,646.003,534.001,664.001,982.002,116.002,734.00
EPS (Recurring)0.671.940.622.084.131.942.412.703.22
EPS (Basic, Before Extraordinaries)-2.201.770.481.974.191.922.292.443.16
EPS (Diluted)-2.211.750.471.934.101.872.252.443.16
EBITDA3,369.003,438.003,477.002,619.004,664.002,825.002,285.002,911.003,055.00
Non-Operating Income (Expense)271.00326.00803.00356.00341.00323.001,400.00492.001,308.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense46.6164.0087.0073.0048.9881.0379.00--
Price To Earnings Ratio--17.8340.869.9729.0316.7921.45-
Price To Sales Ratio1.982.102.772.591.742.341.90--
Gross Margin24.9626.0526.7927.3126.8029.1529.3829.3229.63
Operating Margin9.169.959.9811.2320.9812.0711.1713.8414.26
Net Margin-7.906.931.908.6917.318.0711.3511.3714.45
Shares Outstanding818.67836.14878.34839.91834.66863.04867.83866.22866.22
Market Capitalization43,370.6643,370.6661,244.7148,203.2534,495.8147,003.5732,691.4332,700.10-

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue6,263.006,351.005,341.004,837.005,579.006,113.005,218.005,148.00
Cost of Goods Sold Incl. D&A4,572.004,622.004,053.003,856.004,119.004,336.003,771.003,798.00
Gross Profit1,691.001,729.001,288.00981.001,460.001,777.001,447.001,350.00
Selling, General and Administrative Excl. Other875.00951.00940.00831.00902.00926.00876.00960.00
Research and Development154.00148.00143.00160.00151.00161.00153.00162.00
Other Operating Expense1.003.0012.00-11.0016.00-30.00-22.00-351.00
Operating Income815.00775.00336.00161.00542.00881.00593.00741.00
Interest Expense116.00126.00111.00115.00116.00115.00112.00118.00
Unusual Expense3,145.008.00108.0096.0063.0056.008.0011.00
Net Income Before Taxes-2,363.00721.00170.005.00433.00812.00548.00693.00
Income Taxes177.00180.00-96.00-32.00-1.00162.00111.00723.00
Consolidated Net Income-2,540.00541.00266.0037.00434.00650.00437.00-30.00
Net Income From Continuing Operations-2,593.00501.00239.0028.00407.00608.00412.00-48.00
Net Income-2,593.00501.00239.0053.00407.00608.00412.00765.00
EPS (Recurring)-0.480.610.370.140.530.750.480.86
EPS (Basic, Before Extraordinaries)-3.160.600.290.060.480.710.480.86
EPS (Diluted)-3.160.600.280.060.470.700.470.85
EBITDA1,139.001,089.00651.00490.00867.001,198.00896.001,059.00
Non-Operating Income (Expense)83.0080.0053.0055.0070.00102.0075.0081.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense4.7410.2717.3814.227.1118.1722.0024.59
Price To Earnings Ratio-48.1932.9821.2123.8216.8015.1617.83
Price To Sales Ratio1.982.782.172.062.322.822.422.57
Gross Margin27.0027.2224.1220.2826.1729.0727.7326.22
Operating Margin13.0112.206.293.339.7214.4111.3614.39
Net Margin-41.407.894.471.107.309.957.9014.86
Shares Outstanding818.67825.03831.39836.14843.92850.82860.19878.34
Market Capitalization43,370.6660,923.0447,043.2344,502.3850,806.0762,746.5254,776.8461,244.71

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,557.003,972.009,853.003,527.003,026.003,115.00952.001,129.00-
Short Term Receivables3,138.003,017.002,386.003,370.002,906.003,437.003,348.003,239.00-
Inventories2,483.002,299.001,823.002,640.001,970.001,629.001,332.001,363.00-
Other Current Assets1,355.00603.005,514.00342.003,505.00343.00327.00378.00-
Total Current Assets8,533.009,891.0019,576.009,879.0011,407.008,524.005,959.006,109.00-
Net Property, Plant & Equipment3,711.003,553.002,581.002,883.002,466.002,598.002,495.001,653.00-
Total Investments and Advances1,321.001,194.001,140.001,148.001,593.001,513.001,739.001,770.00-
Long-Term Note Receivable169.0065.0026.006.0070.00----
Intangible Assets21,827.0021,033.008,465.0011,319.009,858.0011,176.0010,967.0011,063.00-
Deferred Tax Assets1,074.001,131.00718.00612.00563.00449.00500.00398.00-
Other Assets555.00536.00316.00239.00215.00833.00746.00744.00-
Total Assets37,190.0037,403.0032,822.0026,086.0026,172.0025,093.0022,406.0021,737.00-
Short Term Debt Incl. Current Port. of LT Debt610.001,387.00144.00272.00313.00352.00397.00150.00-
Accounts Payable2,702.002,458.002,483.002,833.002,334.001,936.001,701.001,944.00-
Income Tax Payable-----234.00318.00325.00-
Other Current Liabilities3,802.004,047.004,354.002,927.003,980.002,588.002,053.002,047.00-
Total Current Liabilities7,114.007,892.006,981.006,032.006,627.005,110.004,469.004,466.00-
Long Term Debt11,783.0011,458.0014,575.009,231.0010,040.0010,678.00762.00137.00-
Provision for Risks Charges374.00214.00149.00349.00380.001,136.001,021.00975.00-
Deferred Tax Liabilities1,833.002,015.00523.00568.00354.00479.001,099.001,280.00-
Other Liabilities1,958.001,429.001,589.001,830.001,677.001,112.00620.00610.00-
Total Liabilities23,062.0023,008.0023,817.0018,010.0019,078.0018,515.007,971.007,468.00-
Non-Equity Reserves0.000.000.000.000.000.000.000.00-
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00-
Common Equity13,804.0014,081.008,677.007,758.006,767.006,252.0014,102.0013,917.00-
Total Shareholders Equity13,804.0014,081.008,677.007,758.006,767.006,252.0014,102.0013,917.00-
Accumulated Minority Interest324.00314.00328.00318.00327.00326.00333.00352.00-
Total Equity14,128.0014,395.009,005.008,076.007,094.006,578.0014,435.0014,269.00-
Total Liabilities & Stockholders Equity37,190.0037,403.0032,822.0026,086.0026,172.0025,093.0022,406.0021,737.00-
Book Value Per Share16.5116.0310.339.297.847.2016.2816.07-
Tangible Book Value Per Share-9.60-7.910.25-4.27-3.58-5.673.623.29-
Full-Time Employees47,00048,00053,00052,00058,00056,00052,63554,384-
Price to Book Ratio4.324.635.894.826.925.246.42--
Return on Assets3.903.164.7113.536.498.359.59--
Return on Equity10.449.7416.8848.6625.5619.4815.10--
Return on Invested Capital5.891.687.0820.809.9011.7114.2419.45-
Quick Ratio0.850.962.541.201.421.351.041.06-
Current Ratio1.201.252.801.641.721.671.331.37-

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-1,672.001,587.005,708.001,440.003,584.001,703.002,006.002,155.002,769.00
Depreciation1,282.001,274.001,232.00491.00380.00338.00336.00335.00357.00
Other Funds (Non Cash)3,275.00409.00-6,053.00234.00-2,036.00-155.00-1,012.0082.00-832.00
Funds from Operations2,453.002,869.00535.001,922.001,804.001,812.001,427.002,450.002,427.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital406.00-356.0028.00685.00-61.00425.00265.00-448.00-372.00
Cash from Operating Activities2,859.002,513.00563.002,607.001,743.002,237.001,692.002,002.002,055.00
Capital Expenditures-481.00-392.00-519.00-439.00-353.00-344.00-312.00-243.00-263.00
Net Assets From Acquisitions-133.00-107.00-10,890.00-84.00-506.00-366.000.000.00-310.00
Sale of Fixed Assets and Businesses429.0027.00634.0054.002,902.00-0.006.001,032.00
Purchase or Sale of Investments0.000.000.000.000.007.001,377.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.007.001,377.000.000.00
Other Uses7.000.00-264.00-206.00-298.000.00-1.000.00-44.00
Other Sources54.00165.009,014.0015.000.0011.001.0024.000.00
Cash from Investing Activities-124.00-307.00-2,025.00-660.001,745.00-692.001,106.00-213.00415.00
Cash Dividends Paid-787.00-772.00-670.00-620.00-509.00-417.00-138.000.000.00
Change in Capital Stock-1,623.00-2,892.00-1,944.00-62.00-1,380.00-527.000.000.000.00
Repurchase of Common Pref Stock-1,623.00-2,892.00-1,944.00-62.00-1,380.00-527.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-245.00-889.00-1,883.005,493.00-983.00-551.009,850.00-6.00120.00
Change in Long Term Debt6.00-1,164.00-1,933.005,498.00-843.00-564.009,873.00-31.00117.00
Issuance of Long Term Debt69.0048.003,412.005,609.00432.00140.0011,784.00107.00117.00
Reduction of Long Term Debt-63.00-1,212.00-5,345.00-111.00-1,275.00-704.00-1,911.00-138.000.00
Net Financing Active Other Cash Flow-131.00-119.00-139.00-199.00-59.00-67.00-10,393.00-1,961.00-2,747.00
Other Financing Activities Uses-131.00-119.00-139.00-199.00-59.00-67.00-10,407.00-1,982.00-2,747.00
Cash from Financing Activities-2,786.00-4,672.00-4,636.004,612.00-2,931.00-1,562.00-681.00-1,967.00-2,627.00
Exchange Rate Effect6.0076.00-103.0088.00-56.00-16.0045.001.00-39.00
Net Change in Cash-45.00-2,390.00-6,201.006,647.00501.00-33.002,162.00-177.00-196.00
Free Cash Flow2,378.002,121.0044.002,168.001,390.001,893.001,380.001,759.001,792.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow28.3433.78-31.6640.3232.7226.73--
Deferred Taxes & Investment Tax Credit--401.00-352.00-243.00-124.00-74.0097.00-122.00133.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,381.001,347.001,374.001,557.001,426.001,800.00
Short Term Receivables3,993.003,702.003,663.003,138.003,655.003,854.00
Inventories2,842.002,759.002,581.002,483.003,004.002,888.00
Other Current Assets666.001,606.001,400.001,355.00754.00589.00
Total Current Assets8,882.009,414.009,018.008,533.008,839.009,131.00
Net Property, Plant & Equipment3,685.003,730.003,673.003,711.003,772.003,757.00
Total Investments and Advances1,390.001,341.001,331.001,321.001,381.001,353.00
Intangible Assets17,745.0021,023.0021,300.0021,827.0022,240.0022,442.00
Deferred Tax Assets1,190.001,126.001,137.001,074.001,199.001,220.00
Other Assets605.00641.00563.00555.00505.00459.00
Total Assets33,594.0037,372.0037,186.0037,190.0038,077.0038,493.00
Short Term Debt Incl. Current Port. of LT Debt1,482.001,638.001,736.00610.00580.00107.00
Accounts Payable3,269.003,216.002,979.002,702.002,959.003,214.00
Income Tax Payable--101.00---
Other Current Liabilities4,155.004,377.003,769.003,802.004,208.004,508.00
Total Current Liabilities8,906.009,231.008,585.007,114.007,747.007,829.00
Long Term Debt10,394.0010,756.0010,837.0011,783.0011,760.0011,780.00
Provision for Risks Charges364.00365.00369.00374.00407.00409.00
Deferred Tax Liabilities1,584.001,622.001,688.001,833.001,943.002,087.00
Other Liabilities1,925.001,926.001,906.001,958.001,381.001,374.00
Total Liabilities23,173.0023,900.0023,385.0023,062.0023,238.0023,479.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity10,054.0013,147.0013,452.0013,804.0014,509.0014,706.00
Total Shareholders Equity10,054.0013,147.0013,452.0013,804.0014,509.0014,706.00
Accumulated Minority Interest367.00325.00349.00324.00330.00308.00
Total Equity10,421.0013,472.0013,801.0014,128.0014,839.0015,014.00
Total Liabilities & Stockholders Equity33,594.0037,372.0037,186.0037,190.0038,077.0038,493.00
Book Value Per Share12.2815.9416.1816.5117.1917.28
Tangible Book Value Per Share-9.39-9.55-9.44-9.60-9.16-9.09
Full-Time Employees---47,000--
Price to Book Ratio4.324.533.413.073.454.54
Return on Assets-5.093.103.483.903.523.89
Return on Equity-14.868.449.3910.449.4410.79
Return on Invested Capital-12.682.100.980.211.552.30
Quick Ratio0.680.720.750.850.750.80
Current Ratio1.001.021.051.201.141.17

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income-2,540.00541.00265.0062.00455.00633.00
Depreciation324.00314.00315.00329.00325.00317.00
Other Funds (Non Cash)3,135.0072.0013.0055.00-29.00337.00
Funds from Operations814.00864.00414.00361.00593.001,198.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-1.0063.00-335.00679.00-252.00-549.00
Cash from Operating Activities813.00927.0079.001,040.00341.00649.00
Capital Expenditures-139.00-117.00-94.00-131.00-117.00-81.00
Net Assets From Acquisitions-64.00-31.00-23.00-15.00-31.00-49.00
Sale of Fixed Assets and Businesses395.007.008.0019.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.007.00-4.00-3.00
Other Sources29.00-29.0044.0010.0033.0078.00
Cash from Investing Activities221.00-170.00-65.00-110.00-119.00-55.00
Cash Dividends Paid-198.00-199.00-201.00-189.00-193.00-192.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-399.00-439.00-306.00-479.00-785.00-340.00
Repurchase of Common Pref Stock-399.00-439.00-306.00-479.00-785.00-340.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-489.00-34.00377.00-99.00460.00-5.00
Change in Long Term Debt11.00-24.006.0013.0016.003.00
Issuance of Long Term Debt14.0017.0022.0016.0017.006.00
Reduction of Long Term Debt-3.00-41.00-16.00-3.00-1.00-3.00
Net Financing Active Other Cash Flow-12.00-88.00-11.00-20.00-73.00-10.00
Other Financing Activities Uses-12.00-88.00-11.00-20.00-73.00-10.00
Cash from Financing Activities-1,098.00-760.00-141.00-787.00-591.00-547.00
Exchange Rate Effect3.003.00-13.0013.00-5.0051.00
Net Change in Cash-61.000.00-140.00156.00-374.0098.00
Free Cash Flow674.00810.00-15.00909.00224.00568.00
Price to Free Cash Flow28.3453.5452.0933.17132.11-

Revenue breakdown

Product2024: 19.99B 2025: 19.17B
Service2024: 2.50B 2025: 2.57B
Asia Pacific2024: 3.82B 2025: 3.84B
Europe2024: 6.69B 2025: 6.09B
Other Geographical Region2024: 688.00M 2025: 678.00M
United States2024: 11.29B 2025: 11.14B
Climate Solutions Americas2024: 10.53B 2025: 10.47B
Climate Solutions Asia Pacific, Middle East, and Africa2024: 3.50B 2025: 3.34B
Climate Solutions Europe2024: 4.98B 2025: 5.04B
Climate Solutions Transportation2024: 3.48B 2025: 2.89B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.44%19.0M779.1M6.02M
2026-10-152.32%18.2M785.0M6.38M
2026-09-302.78%21.8M785.0M6.47M
2026-09-152.02%15.9M785.0M6.11M
2026-08-311.95%15.3M785.0M6.22M
2026-08-141.89%14.8M785.0M6.51M
2026-07-312.30%18.0M785.3M6.60M
2026-07-151.99%15.8M791.2M6.31M
2026-06-301.99%15.7M791.2M6.58M
2026-06-152.10%16.6M790.9M6.86M
2026-05-292.14%16.9M791.5M6.80M
2026-05-152.45%19.4M791.5M6.51M
2026-04-302.13%16.6M779.4M7.23M
2026-04-152.41%18.9M784.3M7.62M
2026-03-312.59%20.3M784.3M7.57M
2026-03-132.54%19.9M784.3M7.27M
2026-02-272.58%20.2M784.7M7.73M
2026-02-132.38%18.7M784.7M8.08M
2026-01-302.29%18.0M784.8M7.35M
2026-01-151.62%12.8M790.9M7.07M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call41.0011.1014.1011.603.3583.000.000.961-0.1910.003
call42.0010.1013.100.003.3180.000.000.958-0.1870.004
call43.009.1012.109.332.9341.000.000.956-0.1840.004
call44.008.1011.108.402.7472.000.000.952-0.1800.004
call45.007.1010.100.002.5190.000.000.948-0.1750.004
call46.006.109.100.002.3140.000.000.943-0.1710.005
call47.005.108.000.002.0230.000.000.937-0.1650.005
call48.004.107.000.001.8060.000.000.930-0.1590.005
call48.503.606.500.001.7070.000.000.926-0.1560.006
call49.003.106.300.001.9170.000.000.918-0.1560.006
call49.502.755.500.001.5490.000.000.907-0.1630.007
call50.002.504.703.541.0571.000.000.906-0.1520.007
call51.001.803.402.450.58413.000.000.899-0.1230.007
call52.001.052.501.900.4826.000.000.877-0.1120.008
call53.001.351.500.600.3279.000.000.791-0.1310.012
call54.000.700.850.700.35811013.000.596-0.1750.016
call55.000.250.400.300.40418114.000.383-0.1790.015
call56.000.100.150.220.40696.000.000.315-0.2740.014
call57.000.000.150.050.56614124.000.178-0.1770.011
call58.000.000.400.380.7042020.000.191-0.2640.011
call59.000.000.550.290.8333.000.000.130-0.2020.009
call60.000.000.350.010.9552421.000.087-0.1520.006
call61.000.000.400.051.07211.000.000.079-0.1590.006
call62.000.000.750.161.1848.000.000.073-0.1650.006
call63.000.000.750.001.2920.000.000.068-0.1700.005
call64.000.000.850.001.2920.000.000.048-0.1290.004
call65.000.000.750.001.3880.000.000.045-0.1320.004
call66.000.000.500.001.6094.000.000.057-0.1830.005
call67.000.000.850.151.6912.000.000.054-0.1870.004
call68.000.000.750.001.7840.000.000.052-0.1910.004
call69.000.000.850.001.8750.000.000.050-0.1940.004
call70.000.000.850.001.9630.000.000.048-0.1970.004
call75.000.000.750.002.3760.000.000.041-0.2100.004
call80.000.000.850.002.7540.000.000.036-0.2200.003
put41.000.000.750.002.2470.000.00-0.039-0.1890.003
put42.000.000.750.002.0860.000.00-0.041-0.1850.004
put43.000.000.750.171.93220.000.00-0.044-0.1820.004
put44.000.000.850.141.77620.000.00-0.048-0.1770.004
put45.000.000.850.151.6242.000.00-0.052-0.1730.004
put46.000.000.850.051.4620.000.00-0.057-0.1680.005
put47.000.000.900.051.3091.000.00-0.063-0.1620.005
put48.000.000.550.111.17012.000.00-0.069-0.1560.005
put48.500.000.550.001.0821.000.00-0.074-0.1520.006
put49.000.000.800.301.0051.000.00-0.082-0.1540.006
put49.500.000.650.050.92910.000.00-0.093-0.1600.007
put50.000.000.200.040.85815.004.00-0.098-0.1530.007
put51.000.000.450.150.69621.000.00-0.105-0.1250.007
put52.000.050.150.160.5541351.00-0.123-0.1090.008
put53.000.150.300.670.49952.001.00-0.229-0.1390.012
put54.000.450.601.590.5222370.00-0.404-0.1720.016
put55.000.801.201.610.5072.000.00-0.634-0.1710.015
put56.001.803.201.321.3721.000.00-0.702-0.2570.014
put57.002.403.300.000.9980.000.00-0.822-0.1730.011
put58.002.905.900.002.2870.000.00-0.809-0.2600.011
put59.003.906.900.002.4880.000.00-0.870-0.1980.009
put60.004.707.900.002.6700.000.00-0.913-0.1480.006
put61.005.708.900.002.8510.000.00-0.921-0.1550.006
put62.006.709.900.003.0320.000.00-0.927-0.1600.006
put63.007.9010.900.003.1970.000.00-0.932-0.1660.005
put64.008.9011.900.003.3560.000.00-0.936-0.1700.005
put65.009.7012.900.003.5410.000.00-0.940-0.1750.005
put66.0010.7013.9012.933.6561.000.00-0.943-0.1790.005
put67.0012.0014.9013.473.7991.001.00-0.946-0.1820.004
put68.0013.4015.4014.403.5491.001.00-0.948-0.1860.004
put69.0013.7016.900.004.0720.000.00-0.950-0.1890.004
put70.0014.9017.900.004.2020.000.00-0.952-0.1920.004
put75.0019.9022.900.004.8040.000.00-0.959-0.2040.004
put80.0024.9027.900.005.3390.000.00-0.963-0.2140.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-04424B5SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-02FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-02424B5SEC
2026-11-02S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-08-12SCHEDULE 13G/ASEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-07-28S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-07-28IRANNOTICENotice of Iran-related disclosure filed pursuant to Section 13(r)(3) of the Exchange ActSEC
2026-07-27SCHEDULE 13G/ASEC
2026-07-244Statement of changes in beneficial ownership of securities2026-07-24SEC
2026-07-243Initial statement of beneficial ownership of securities2026-07-24SEC
2026-07-243Initial statement of beneficial ownership of securities2026-07-24SEC
2026-07-248-KCurrent report2026-07-24SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-05-29SDSpecialized Disclosure ReportSEC
2026-05-20144Filing for proposed sale of securities under Rule 144.SEC
2026-05-204Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-20SCHEDULE 13D/ASEC
2026-05-014Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-04-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-308-KCurrent report2026-04-30SEC
2026-04-29SCHEDULE 13GSEC
2026-04-174Statement of changes in beneficial ownership of securities2026-04-15SEC
2026-04-174Statement of changes in beneficial ownership of securities2026-04-15SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-0500750.00M1
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-111.02M100

Institutional holders

Manager% owned
Capital Research Global Investors12.77%
BlackRock, Inc.8.09%
VANGUARD CAPITAL MANAGEMENT LLC6.17%
VANGUARD PORTFOLIO MANAGEMENT LLC4.40%
JPMORGAN CHASE & CO4.15%
STATE STREET CORP4.14%
DODGE & COX3.31%
Capital World Investors2.33%
GEODE CAPITAL MANAGEMENT, LLC2.28%
Fisher Asset Management, LLC1.39%

Funds

Fund% owned
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND5.62%
American Mutual Fund3.46%
Investment Co of America3.42%
VANGUARD TOTAL BOND MARKET II INDEX FUND3.35%
Columbia Variable Portfolio - Select Corporate Income Fund3.10%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.02%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND2.91%
Dodge & Cox Stock Fund2.45%
VANGUARD 500 INDEX FUND2.44%
Franklin Managed Income Fund2.43%

OakChart. CARR. Cached 15 minutes.