Carrier Global
CARR · NYSE · Industrials
$53.88
$0.51 (-0.94%) today
Market Cap
$44.75B
24h Volume
$1.1B
P/E Ratio
38.5
52w High
$75.73
52w Low
$49.79
Est. AI Revenue
8%
7-Day Sparkline (Static)
Company facts
Performance
About Carrier Global
Carrier Global is one of the world's largest heating, ventilation, and air conditioning companies, descended from the firm Willis Carrier founded after inventing modern air conditioning. It sells residential and commercial HVAC equipment, refrigeration, and aftermarket parts and services.
Its AI play is QuantumLeap, a dedicated data center cooling program spanning high efficiency chillers, coolant distribution units, and liquid cooling integration for AI server halls. Carrier arrived later to the vertical than rivals like Vertiv, Johnson Controls, and Trane, and is investing to catch up as hyperscale construction accelerates.
Founded in 1915, Carrier is headquartered in Palm Beach Gardens, Florida, employs about 47,000 people, and trades on the NYSE. It became a standalone company again in 2020 after separating from United Technologies.
Carrier Global in the AI buildout
Carrier sits in the Cooling & Thermal layer as a challenger in cooling. Its QuantumLeap suite packages chillers, coolant distribution units, and liquid cooling integration for AI facilities, aiming to win share in a vertical currently led by Vertiv and the applied HVAC incumbents. The prize is large because AI racks are pushing operators from air toward liquid cooling. For now, data centers remain a small piece of Carrier's residential and commercial base.
CARR is tracked in Cooling & Thermal, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
CARR trades at $53.88, 16% of the way up its 52-week range of $49.79 to $75.73.
Market cap
Market capitalization is $44.75B, with an AI Exposure Score of 45 out of 100.
Valuation vs peers
Its P/E ratio of 38.5 is in line with the Cooling & Thermal category median of 40.4.
Next earnings
Carrier Global is next expected to report earnings on October 27, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Carrier Global do?
Carrier is a global heating, ventilation, air conditioning, and refrigeration company. It sells residential and commercial HVAC systems, refrigeration, and a large aftermarket parts and services business, carrying the name of the inventor of modern air conditioning.
How is Carrier Global exposed to AI?
Supercycle rates Carrier Growing with an AI Exposure Score of 45 out of 100. Its QuantumLeap program targets data center cooling with chillers, coolant distribution units, and liquid cooling integration, but the vertical is still a small part of the company.
What is QuantumLeap?
QuantumLeap is Carrier's dedicated data center cooling suite. It combines high efficiency chillers, coolant distribution units, and liquid cooling integration so operators can cool dense AI server racks. It is Carrier's main vehicle for winning AI buildout business.
Is CARR a pure play AI stock?
No. Carrier is rated Growing. Data center cooling is a genuine push backed by new products, but the company entered the vertical later than key rivals and earns most of its money from ordinary residential and commercial HVAC.
Who leads Carrier?
David Gitlin has been CEO since Carrier separated from United Technologies in 2020 and also chairs the board. The company is headquartered in Palm Beach Gardens, Florida and employs about 47,000 people worldwide.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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