Carrier Global Corporation (NYSE: CARR) is a prominent player in the intelligent climate and energy solutions industry. The company specializes in providing heating, ventilation, and air conditioning (HVAC) systems, as well as refrigeration and fire and security solutions. Carrier operates within the Zacks Building Products - Air Conditioner and Heating industry, competing with other major players in the HVAC sector.
On February 5, 2026, Carrier reported its earnings, revealing an EPS of $0.34, which was below the estimated $0.37. This result also fell short of the Zacks Consensus Estimate of $0.36 per share, marking a 6.49% negative surprise. This is a decline from the $0.54 per share earnings reported in the same quarter last year, highlighting a challenging period for the company.
Carrier's revenue for the quarter was approximately $4.84 billion, missing the estimated $5.05 billion. This revenue figure also fell short of the Zacks Consensus Estimate by 4.08%. Compared to the $5.15 billion reported in the same period the previous year, this represents a decrease, although the company has exceeded consensus revenue estimates in three of the last four quarters.
Despite the quarterly challenges, Carrier's full-year 2025 performance showed resilience. The company achieved sales of $21.75 billion, a 3% decrease from 2024, with organic sales down by 1%. However, the global commercial HVAC and aftermarket sectors experienced double-digit growth, with fourth-quarter orders increasing by nearly 50% due to significant data center wins, as highlighted by Carrier's Chairman and CEO, David Gitlin.
Carrier's financial metrics provide insight into its market valuation and financial health. The company has a P/E ratio of approximately 13.55 and a price-to-sales ratio of about 2.43. Its enterprise value to sales ratio is around 2.92, while the enterprise value to operating cash flow ratio is notably higher at approximately 40.15. Carrier's debt-to-equity ratio is about 0.85, indicating a moderate level of debt relative to its equity.
