Carrier Global
Carrier Global returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 6.8% | 5.86% | — | — | 3.22% | -0.9 pp |
| FY 2026 Q1 | Mar 31, 2026 | 7.29% | 6.21% | -200.24% | — | 3.56% | -0.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 7.99% | 7.29% | 27.72% | — | 3.98% | 0.3 pp |
| FY 2025 Q3 | Sep 30, 2025 | 6.75% | 9.46% | -2,657.73% | — | 10.17% | -1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 7.32% | 10.16% | -1,084.65% | — | 10.14% | -0.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 13.95% | 19.01% | — | — | 14.96% | 6.3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 7.84% | 9.55% | -1.87% | — | 15.96% | 0.1 pp |
| FY 2024 Q3 | Sep 30, 2024 | 20.25% | 21.96% | 20.95% | — | 10.62% | 12.6 pp |
| FY 2024 Q2 | Jun 30, 2024 | 19.45% | 21.59% | 12.43% | — | 10.43% | 11.8 pp |
| FY 2024 Q1 | Mar 31, 2024 | 7.37% | 8.26% | -9.17% | — | 3.99% | -0.3 pp |
| FY 2023 Q4 | Dec 31, 2023 | 11.89% | 9.99% | — | — | 4.89% | 4.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 10.67% | 10.74% | -13,336.33% | — | 4.93% | 3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 18.26% | 15.74% | -41.61% | — | 8.93% | 10.6 pp |
| FY 2023 Q1 | Mar 31, 2023 | 20.99% | 17.04% | -5.92% | — | 10.21% | 13.3 pp |
| FY 2022 Q4 | Dec 31, 2022 | 27.72% | 22.8% | — | — | 13.72% | 20 pp |
| FY 2022 Q3 | Sep 30, 2022 | 27.73% | 23.27% | — | — | 14.23% | 20 pp |
| FY 2022 Q2 | Jun 30, 2022 | 22.14% | 20.12% | — | — | 11.28% | 14.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 21.72% | 19.85% | — | — | 10.99% | 14 pp |
| FY 2021 Q4 | Dec 31, 2021 | 13.64% | 13.38% | -258.01% | — | 6.64% | 5.9 pp |
| FY 2021 Q3 | Sep 30, 2021 | 17.54% | 17.02% | — | — | — | 9.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 19.51% | 18.62% | — | — | — | 11.8 pp |
| FY 2021 Q1 | Mar 31, 2021 | 18.28% | 17.91% | — | — | — | 10.6 pp |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | — | — | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | — | — | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | — | — | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CARR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.