Carrier Global Corporation (CARR) vs Westinghouse Air Brake Technologies Corporation (WAB)
A side-by-side comparison of Carrier Global Corporation and Westinghouse Air Brake Technologies Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
CARR
Carrier Global Corporation
$63.16IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT
WAB
Westinghouse Air Brake Technologies Corporation
$305.79IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — CARR vs WAB
growth of $100 · dividends reinvested · last 6yCARR +531.5%WAB +456.0%CARR compounded faster
CARR WAB
CARR vs WAB: by the numbers
- •CARR is the larger company ($52.46B vs $51.65B market cap).
- •WAB trades at the lower trailing earnings multiple (29.70 vs 45.02 P/E), one valuation lens rather than an overall verdict.
- •WAB converts more revenue to profit (10.60% vs 6.58% net margin).
- •WAB grew revenue faster over the past five years (9.16% vs 2.30% CAGR).
- •CARR pays the higher dividend yield (1.34% vs 0.37%).
Metrics side by side
Valuation
| Metric | CARR | WAB |
|---|---|---|
| P/E ratio | 45.02 | 29.70 |
| Forward P/E | 24.66 | 27.79 |
| P/S ratio | 2.67 | 4.27 |
| P/B ratio | 4.34 | 4.55 |
| PEG ratio | N/A | 2.32 |
| EV / EBITDA | 24.26 | 24.45 |
| FCF yield | 2.84% | 3.83% |
Profitability
| Metric | CARR | WAB |
|---|---|---|
| Gross margin | 24.34% | 34.33% |
| Operating margin | 7.38% | 16.54% |
| Net margin | 6.58% | 10.60% |
| ROE | 10.80% | 11.29% |
| ROIC | 5.41% | 7.64% |
Dividends
| Metric | CARR | WAB |
|---|---|---|
| Dividend yield | 1.34% | 0.37% |
| Payout ratio | 53.45% | 16.33% |
Growth (annualized)
| Metric | CARR | WAB |
|---|---|---|
| Revenue CAGR (5Y) | 2.30% | 9.16% |
| EPS CAGR (5Y) | -5.35% | 25.77% |
| FCF CAGR (5Y) | 3.84% | 15.68% |
| Total return CAGR (5Y) | 7.53% | 30.42% |
Frequently asked
- Which has the lower trailing P/E, CARR or WAB?
- WAB has the lower trailing P/E: CARR trades at 45.02 and WAB at 29.70. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CARR or WAB?
- Over the past five years, WAB grew revenue faster — CARR at a 2.30% CAGR versus WAB at 9.16%.
- Does CARR or WAB pay a bigger dividend?
- CARR yields 1.34% and WAB yields 0.37% based on trailing dividends and the latest price.
- Is CARR or WAB more profitable?
- WAB runs the higher net margin — CARR at 6.58% versus WAB at 10.60%.
- How have CARR and WAB total returns compared?
- Over the past 5 years, CARR delivered 7.53% and WAB delivered 16.59% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Carrier Global P/E ratioWestinghouse Air Brake Technologies P/E ratioCarrier Global dividend yieldWestinghouse Air Brake Technologies dividend yieldCarrier Global ROEWestinghouse Air Brake Technologies ROECarrier Global operating marginWestinghouse Air Brake Technologies operating marginCarrier Global revenue growthWestinghouse Air Brake Technologies revenue growthCarrier Global free cash flowWestinghouse Air Brake Technologies free cash flow
Carrier Global & Westinghouse Air Brake Technologies appear in these rankings
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 July 28, 2026.