CARR vs TT
Carrier Global (CARR) and Trane Technologies (TT) compared side by side. Trane Technologies (TT) is larger, with a market cap of $97.9B versus $46.4B for Carrier Global, about 2.1 times the size. On trailing earnings, TT is cheaper at 33.2x versus 40.8x for CARR.
Head to head
| Metric | CARR | TT |
|---|---|---|
| Market cap | $46.4B | $97.9B |
| P/E (TTM) | 40.8x | 33.2x |
| Forward P/E | 17.0x | 25.2x |
| Revenue (TTM) | $22.1B | $22.2B |
| Revenue growth | 3.9% | 10.6% |
| Gross margin | 24.7% | 35.4% |
| Operating margin | 13.1% | 19.3% |
| Free cash flow | $1.9B | $3.5B |
| Dividend yield | 1.71% | 0.94% |
| 1-year return | -0.0% | +7.7% |
| 5-year return (annual) | +2.0% | +21.1% |
| Max drawdown | -41% | -78% |
| FI Handbook grade | C | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
CARR vs TT FAQ
Which is bigger, CARR or TT?
Trane Technologies (TT) is larger, with a market cap of $97.9B versus $46.4B for Carrier Global, about 2.1 times the size.
Is CARR or TT cheaper?
On trailing earnings, TT is cheaper at 33.2x versus 40.8x for CARR. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, CARR or TT?
TT returned +7.7% over the past year including dividends, versus -0.0% for CARR, through October 23, 2026.
Which pays a higher dividend, CARR or TT?
CARR yields 1.71% versus 0.94% for TT.
Full pages: Carrier Global · Trane Technologies