CARR
Carrier Global Corporation
CARR's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over CARR overall, supported by stronger fundamentals and stronger valuation.
CARR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Healthy | |
| Weak |
CARR's revenue and cash flow are currently healthy, but its profitability and balance sheet are weak.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
CARR PE Valuation
CARR has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
CARR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CARR, with profitability improving. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
CARR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.05 | — |
| Q3 2026 | -$2.21 | -149% |
| Q2 2026 | $1.45 | -67% |
| Q1 2026 | $1.53 | -76% |
| Q4 2025 | $1.72 | -72% |
| Q3 2025 | $4.47 | +17% |
| Q2 2025 | $4.46 | +19% |
| Q1 2025 | $6.33 | +343% |
| Q4 2024 | $6.15 | +289% |
CARR has swung to a loss: it lost $2.21 per share over the past year, after a profit the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over CARR on earnings quality, reporting a profit while its opponent remains loss making.
CARR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +12% |
| Q2 2026 | $6.4B | +3.9% |
| Q1 2026 | $5.3B | +2.4% |
| Q4 2025 | $4.8B | -6% |
| Q3 2025 | $5.6B | -6.8% |
| Q2 2025 | $6.1B | -8.6% |
| Q1 2025 | $5.2B | -16% |
| Q4 2024 | $5.1B | +0.9% |
CARR's revenue grew through 2023 and has held roughly level since: $6.3B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -36% | -46 points |
| Q2 2026 | 13% | -1.8 points |
| Q1 2026 | 4.8% | -7.2 points |
| Q4 2025 | 2.1% | -13 points |
| Q3 2025 | 9.7% | -3.1 points |
| Q2 2025 | 15% | -40 points |
| Q1 2025 | 12% | +4 points |
| Q4 2024 | 15% | +3.1 points |
CARR's operating margin was −36% last quarter, down 46 points from the same quarter a year ago, near the bottom of its range since 2019.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over CARR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over CARR on profitability, with a higher operating margin.
CARR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $674M | +201% |
| Q2 2026 | $810M | +43% |
| Q1 2026 | -$15M | -104% |
| Q4 2025 | $909M | +$994M |
| Q3 2025 | $224M | +$580M |
| Q2 2025 | $568M | +3.5% |
| Q1 2025 | $420M | +$484M |
| Q4 2024 | -$85M | -110% |
CARR generated $2.4B in free cash flow over the past year, up 111% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over CARR on cash flow, with more consistent year-over-year improvement.
CARR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -14.7M shares |
| 1 year | -4.3% | -36.8M shares |
| 3 years | -3.8% | -32.9M shares |
| 5 years | -7.9% | -70.2M shares |
| Available history | -5.1% | -44.4M shares |
CARR has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $399M |
| Q2 2026 | $439M |
| Q1 2026 | $306M |
| Q4 2025 | $479M |
| Q3 2025 | $785M |
| Q2 2025 | $340M |
| Q1 2025 | $1.3B |
| Q4 2024 | $1.5B |
CARR spent $1.6B buying back its own shares over the past year, down 59% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
CARR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 52.2x | High |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.2x | Healthy |
CARR's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over CARR on leverage, with a lower net debt burden relative to earnings.
CARR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.6 | Neutral |
| Stochastic | 7.0 | Oversold |
CARR's weekly RSI is 41 (neutral) and its Stochastic is 7 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
CARR PE vs Industrials Sector
| Metric | CARR | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 61% above |
| PE % | 87 | 56 | 31 pts above |
CARR has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
CARR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.8 | 0.8% below |
| 20 week MA | $59.7 | 9% below |
| 50 week MA | $60.5 | 10% below |
| 100 week MA | $63.1 | 14% below |
| 200 week MA | $60.3 | 9.9% below |
CARR is in a downtrend: it's below all five of its weekly moving averages, and 9.9% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over CARR on trend strength, trading above more of its moving averages.
CARR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.8 | $37.9 | +197% |
| 2021 | $37.9 | $52.8 | +39% |
| 2022 | $52.8 | $41.8 | -21% |
| 2023 | $41.8 | $57.5 | +37% |
| 2024 | $57.5 | $68.9 | +20% |
| 2025 | $68.9 | $53.6 | -22% |
| 2026 YTD | $53.6 | $54.4 | +1.5% |
CARR has finished higher in four of the last six years. It's up 1.5% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over CARR on returns for 2026, with the stronger performance.