Carrier Global Corp (CARR)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,840,000 | 2,330,000 | 2,296,000 | 1,957,000 | 2,568,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,804,000 | 14,081,000 | 8,677,000 | 7,758,000 | 6,767,000 |
| Return on total capital | 13.33% | 16.55% | 26.46% | 25.23% | 37.95% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,840,000K ÷ ($—K + $13,804,000K)
= 13.33%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Carrier Global Corp
CARR
13.33%
Carlisle Companies Incorporated
CSL
—
Griffon Corporation
GFF
301.98%
Johnson Controls International PLC
JCI
—
Lennox International Inc
LII
86.99%
Masco Corporation
MAS
—
Quanex Building Products
NX
-25.72%
Trane Technologies plc
TT
45.42%