Carrier Global Corporation CARR

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
45/100
Developing

Ranked against 34 peers in Building Products & Equipment

About Carrier Global Corporation

Carrier Global Corporation provides intelligent climate and energy solutions in the United States, Europe, the Asia Pacific, and internationally. It operates through four segments: Climate Solutions Americas; Climate Solutions Europe; Climate Solutions Asia Pacific, Middle East & Africa; and Climate Solutions Transportation. The company provides air conditioners, heating systems, heat pumps, home and building energy management systems, automation systems, aftermarket … Full CARR analysis →

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 26.7th percentile with high volatility suggests weak pricing power or commoditized products.
  • Elevated Debt Risk Debt serviceability is weak (score 0.34), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
36
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where CARR ranks in Building Products & Equipment

Carrier Global Corporation ranks #20 of 35 scored companies in Building Products & Equipment by moat score — the top 57%. The widest moat in the group is Armstrong World Industries Inc (AWI) at 83/100.

# Company Moat score Rating
16 Alpha Pro Tech, Ltd. APT 52/100 Moderate
17 AAON, Inc. AAON 50/100 Developing
18 Apogee Enterprises, Inc. APOG 49/100 Developing
19 Arlo Technologies, Inc. ARLO 48/100 Developing
20 Carrier Global Corporation CARR 45/100 Developing
21 Louisiana-Pacific Corporation LPX 45/100 Developing
22 Latham Group, Inc. SWIM 44/100 Developing
23 Owens Corning Inc OC 41/100 Developing
24 Builders FirstSource, Inc. BLDR 39/100 Developing

See every General Corporate company ranked by moat score →

How CARR scores on the Corporate Default defenses

Pricing Power

Score 36 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 68 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 57 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 46 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 30 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 35 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CARR's moat

What is Carrier Global Corporation's moat score?

Carrier Global Corporation (CARR) scores 45 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #20 of 35 scored companies in Building Products & Equipment, the top 57%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 34 companies in Building Products & Equipment. Its strongest defense is Cost Advantage (68/100) and its weakest is Resilience (30/100).

How does Carrier Global Corporation compare with other Building Products & Equipment companies?

Carrier Global Corporation ranks #20 of 35 scored companies in Building Products & Equipment by moat score. The widest moat in Building Products & Equipment is Armstrong World Industries Inc (AWI) at 83/100. The companies ranked closest are Arlo Technologies, Inc. (ARLO) at 48 just above it and Louisiana-Pacific Corporation (LPX) at 45 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 34 companies in Building Products & Equipment. The defenses are then weighted to produce the overall score out of 100.

Why is Carrier Global Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Carrier Global Corporation?

The Corporate Default template measures 6 defenses, and CARR scores: Pricing Power (36), Cost Advantage (68), Customer Stickiness (57), Capital Efficiency (46), Resilience (30), Scale & Market Position (35). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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