Which has the lower trailing P/E, CARR or PAYX?

PAYX has the lower trailing P/E: CARR trades at 42.50 and PAYX at 25.10. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CARR or PAYX?

Over the past five years, PAYX grew revenue faster — CARR at a 2.30% CAGR versus PAYX at 9.93%.

Does CARR or PAYX pay a bigger dividend?

CARR yields 1.54% and PAYX yields 3.62% based on trailing dividends and the latest price.

Is CARR or PAYX more profitable?

PAYX runs the higher net margin — CARR at 5.52% versus PAYX at 27.03%.

How have CARR and PAYX total returns compared?

Over the past 5 years, CARR delivered 3.60% and PAYX delivered 10.76% annualized total return. Past performance doesn't predict future results.

Carrier Global Corporation (CARR) vs Paychex, Inc. (PAYX)

A side-by-side comparison of Carrier Global Corporation and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.

CARR

Carrier Global Corporation

$50.45B

$61.20IndustrialsDelayed quote: Aug 19, 2026, 4:00 PM EDT

PAYX

Paychex, Inc.

$43.57B

$122.50IndustrialsAt close: Aug 19, 2026, 4:00 PM ET

Total return — CARR vs PAYX

growth of $100 · dividends reinvested · last 6y

CARR +457.5% (+33.2%/yr)PAYX +95.0% (+11.8%/yr)CARR compounded faster over this window

CARR PAYX

CARR vs PAYX: by the numbers

•CARR is the larger company ($50.45B vs $43.57B market cap).
•PAYX trades at the lower trailing earnings multiple (25.10 vs 42.50 P/E), one valuation lens rather than an overall verdict.
•PAYX converts more revenue to profit (27.03% vs 5.52% net margin).
•PAYX grew revenue faster over the past five years (9.93% vs 2.30% CAGR).
•PAYX pays the higher dividend yield (3.62% vs 1.54%).

Metrics side by side

Valuation

Metric	CARR	PAYX
P/E ratio	42.50	25.10
Forward P/E	21.28	22.30
P/S ratio	2.32	6.74
P/B ratio	3.91	11.75
EV / EBITDA	21.97	16.04
FCF yield	3.70%	5.29%

Profitability

Metric	CARR	PAYX
Gross margin	24.34%	74.29%
Operating margin	7.05%	38.55%
Net margin	5.52%	27.03%
ROE	9.28%	47.12%
ROIC	5.03%	20.44%

Dividends

Metric	CARR	PAYX
Dividend yield	1.54%	3.62%
Payout ratio	54.31%	90.41%

Growth (annualized)

Metric	CARR	PAYX
Revenue CAGR (5Y)	2.30%	9.93%
EPS CAGR (5Y)	-5.35%	9.95%
FCF CAGR (5Y)	4.42%	15.18%
Total return CAGR (5Y)	3.60%	4.40%

Frequently asked

Which has the lower trailing P/E, CARR or PAYX?: PAYX has the lower trailing P/E: CARR trades at 42.50 and PAYX at 25.10. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CARR or PAYX?: Over the past five years, PAYX grew revenue faster — CARR at a 2.30% CAGR versus PAYX at 9.93%.
Does CARR or PAYX pay a bigger dividend?: CARR yields 1.54% and PAYX yields 3.62% based on trailing dividends and the latest price.
Is CARR or PAYX more profitable?: PAYX runs the higher net margin — CARR at 5.52% versus PAYX at 27.03%.
How have CARR and PAYX total returns compared?: Over the past 5 years, CARR delivered 3.60% and PAYX delivered 10.76% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CARR analysis Full PAYX analysis Interactive comparison tool

Dig into the metrics

Carrier Global P/E ratio Paychex P/E ratio Carrier Global dividend yield Paychex dividend yield Carrier Global ROE Paychex ROE Carrier Global operating margin Paychex operating margin Carrier Global revenue growth Paychex revenue growth Carrier Global free cash flow Paychex free cash flow

Carrier Global & Paychex appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 20, 2026.