Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 29.77x is 19% below its estimated 5-year average of 36.70x, near the low end of its estimated 5-year range (19.51x–1634.85x).
As of 2026-09-23T10:55:31.182Z. 26.08% below its estimated 12-month average of 40.27x.
Calculation as of: 2026-09-23T10:55:31.182Z.
Quote observation: 2026-09-22T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ffb514adbd9d2522f5c59ae14d33358f14e8a99d4da997b6c2ab6b965439aa72
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
29.77x
EV/FCF RATIO AVG TTM
40.27x
EV/FCF RATIO AVG 3Y
55.84x
EV/FCF RATIO AVG 5Y
36.70x
EV/FCF RATIO AVG 10Y
N/A
EV/FCF RATIO AVG 15Y
N/A
EV/FCF RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-26.08%
CURRENT VS 3Y AVG
-46.69%
CURRENT VS 5Y AVG
-18.88%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
28.33x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
+5.08%
vs the sector median at left
Carrier Global Corporation
Market Cap
$45.55B
EV/FCF Ratio
29.77x
TTM Avg
40.27x
3Y Avg
55.84x
5Y Avg
36.70x
Market Cap
$44.67B
EV/FCF Ratio
19.28x
TTM Avg
29.69x
3Y Avg
31.30x
5Y Avg
28.74x
Market Cap
$44.15B
EV/FCF Ratio
45.08x
TTM Avg
42.99x
3Y Avg
48.57x
5Y Avg
46.49x
Market Cap
$47.54B
EV/FCF Ratio
33.69x
TTM Avg
37.20x
3Y Avg
36.94x
5Y Avg
41.14x
Market Cap
$48.94B
EV/FCF Ratio
32.74x
TTM Avg
29.73x
3Y Avg
27.88x
5Y Avg
27.16x
Market Cap
$41.76B
EV/FCF Ratio
20.02x
TTM Avg
20.11x
3Y Avg
37.59x
5Y Avg
40.79x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $45.55B | 29.77x | 40.27x | 55.84x | 36.70x |
| L3Harris Technologies, Inc. (LHX)vs › | $44.67B | 19.28x | 29.69x | 31.30x | 28.74x |
| HEICO Corporation (HEI-A)vs › | $44.15B | 45.08x | 42.99x | 48.57x | 46.49x |
| Rockwell Automation, Inc. (ROK)vs › | $47.54B | 33.69x | 37.20x | 36.94x | 41.14x |
| Ferguson plc (FERG)vs › | $42.89B | N/A | 31.21x | 27.66x | 27.92x |
| HEICO Corporation (HEI)vs › | $42.88B | 43.85x | 55.69x | 61.19x | 57.91x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.94B | 32.74x | 29.73x | 27.88x | 27.16x |
| Thomson Reuters Corporation (TRI)vs › | $41.76B | 20.02x | 20.11x | 37.59x | 40.79x |
| Rocket Lab USA, Inc. (RKLB)vs › | $41.67B | N/A | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $40.84B | 13.89x | 25.75x | 32.36x | 674.69x |
EV/FCF
29.8x
P/FCF
24.0x
FCF Yield
4.17%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 31.19x |
| 2026-09-10 | 30.83x |
| 2026-09-09 | 31.41x |
| 2026-09-08 | 31.92x |
| 2026-09-04 | 32.18x |
| 2026-09-03 | 31.91x |
| 2026-09-02 | 31.24x |
| 2026-09-01 | 31.10x |
| 2026-08-31 | 31.53x |
| 2026-08-28 | 31.78x |
| 2026-08-27 | 31.80x |
| 2026-08-26 | 31.76x |
| 2026-08-25 | 31.66x |
| 2026-08-24 | 32.30x |
| 2026-08-21 | 32.48x |
| 2026-08-20 | 32.38x |
| 2026-08-19 | 32.84x |
| 2026-08-18 | 32.94x |
| 2026-08-17 | 33.44x |
| 2026-08-14 | 33.54x |
| 2026-08-13 | 33.79x |
| 2026-08-12 | 33.67x |
| 2026-08-11 | 33.91x |
| 2026-08-10 | 33.83x |
| 2026-08-07 | 34.08x |
| 2026-08-06 | 34.06x |
| 2026-08-05 | 34.71x |
| 2026-08-04 | 34.83x |
| 2026-08-03 | 33.71x |
| 2026-07-31 | 33.11x |
| 2026-07-30 | 32.93x |
| 2026-07-29 | 32.28x |
| 2026-07-28 | 38.84x |
| 2026-07-27 | 41.97x |
| 2026-07-24 | 41.74x |
| 2026-07-23 | 41.88x |
| 2026-07-22 | 41.35x |
| 2026-07-21 | 40.63x |
| 2026-07-20 | 40.78x |
| 2026-07-17 | 41.65x |
| 2026-07-16 | 41.98x |
| 2026-07-15 | 41.67x |
| 2026-07-14 | 42.19x |
| 2026-07-13 | 41.61x |
| 2026-07-10 | 41.98x |
| 2026-07-09 | 41.20x |
| 2026-07-08 | 40.66x |
| 2026-07-07 | 41.64x |
| 2026-07-06 | 42.36x |
| 2026-07-02 | 42.35x |
| 2026-07-01 | 43.36x |
| 2026-06-30 | 44.01x |
| 2026-06-29 | 44.05x |
| 2026-06-26 | 44.14x |
| 2026-06-25 | 45.36x |
| 2026-06-24 | 44.37x |
| 2026-06-23 | 42.69x |
| 2026-06-22 | 43.25x |
| 2026-06-18 | 43.23x |
| 2026-06-17 | 42.05x |
| 2026-06-16 | 42.90x |
| 2026-06-15 | 42.89x |
| 2026-06-12 | 42.27x |
| 2026-06-11 | 42.18x |
| 2026-06-10 | 41.28x |
| 2026-06-09 | 42.94x |
| 2026-06-08 | 40.97x |
| 2026-06-05 | 40.87x |
| 2026-06-04 | 41.57x |
| 2026-06-03 | 41.08x |
| 2026-06-02 | 40.49x |
| 2026-06-01 | 39.83x |
| 2026-05-29 | 39.20x |
| 2026-05-28 | 39.17x |
| 2026-05-27 | 39.52x |
| 2026-05-26 | 39.72x |
| 2026-05-22 | 38.83x |
| 2026-05-21 | 38.34x |
| 2026-05-20 | 39.06x |
| 2026-05-19 | 37.96x |
| 2026-05-18 | 39.52x |
| 2026-05-15 | 39.60x |
| 2026-05-14 | 40.65x |
| 2026-05-13 | 40.06x |
| 2026-05-12 | 40.06x |
| 2026-05-11 | 40.22x |
| 2026-05-08 | 40.70x |
| 2026-05-07 | 40.90x |
| 2026-05-06 | 41.24x |
| 2026-05-05 | 39.35x |
| 2026-05-04 | 40.22x |
| 2026-05-01 | 41.10x |
| 2026-04-30 | 32.47x |
| 2026-04-29 | 30.27x |
| 2026-04-28 | 30.38x |
| 2026-04-27 | 30.34x |
| 2026-04-24 | 29.96x |
| 2026-04-23 | 30.19x |
| 2026-04-22 | 29.83x |
| 2026-04-21 | 30.26x |
| 2026-04-20 | 30.24x |
| 2026-04-17 | 30.10x |
| 2026-04-16 | 29.45x |
| 2026-04-15 | 28.98x |
| 2026-04-14 | 31.45x |
| 2026-04-13 | 31.32x |
| 2026-04-10 | 30.92x |
| 2026-04-09 | 30.16x |
| 2026-04-08 | 28.88x |
| 2026-04-07 | 27.72x |
| 2026-04-06 | 27.79x |
| 2026-04-02 | 27.83x |
| 2026-04-01 | 28.31x |
| 2026-03-31 | 28.08x |
| 2026-03-30 | 27.29x |
| 2026-03-27 | 27.24x |
| 2026-03-26 | 27.41x |
| 2026-03-25 | 29.27x |
| 2026-03-24 | 28.99x |
| 2026-03-23 | 28.88x |
| 2026-03-20 | 28.79x |
| 2026-03-19 | 29.15x |
| 2026-03-18 | 28.60x |
| 2026-03-17 | 28.35x |
| 2026-03-16 | 27.89x |
| 2026-03-13 | 27.81x |
| 2026-03-12 | 28.15x |
| 2026-03-11 | 29.04x |
| 2026-03-10 | 28.93x |
| 2026-03-09 | 29.05x |
| 2026-03-06 | 28.90x |
| 2026-03-05 | 29.73x |
| 2026-03-04 | 30.00x |
| 2026-03-03 | 30.04x |
| 2026-03-02 | 31.12x |
| 2026-02-27 | 31.35x |
| 2026-02-26 | 30.68x |
| 2026-02-25 | 30.17x |
| 2026-02-24 | 31.00x |
| 2026-02-23 | 30.97x |
| 2026-02-20 | 31.24x |
| 2026-02-19 | 30.75x |
| 2026-02-18 | 31.32x |
| 2026-02-17 | 32.17x |
| 2026-02-13 | 31.75x |
| 2026-02-12 | 31.55x |
| 2026-02-11 | 32.44x |
| 2026-02-10 | 31.92x |
| 2026-02-09 | 31.72x |
| 2026-02-06 | 31.15x |
| 2026-02-05 | 57.76x |
| 2026-02-04 | 58.10x |
| 2026-02-03 | 56.31x |
| 2026-02-02 | 55.67x |
| 2026-01-30 | 55.08x |
| 2026-01-29 | 55.24x |
| 2026-01-28 | 53.81x |
| 2026-01-27 | 53.17x |
| 2026-01-26 | 53.39x |
| 2026-01-23 | 53.34x |
| 2026-01-22 | 53.45x |
| 2026-01-21 | 53.68x |
| 2026-01-20 | 51.75x |
| 2026-01-16 | 52.49x |
| 2026-01-15 | 52.01x |
| 2026-01-14 | 52.05x |
| 2026-01-13 | 51.75x |
| 2026-01-12 | 51.88x |
| 2026-01-09 | 52.54x |
| 2026-01-08 | 50.72x |
| 2026-01-07 | 49.74x |
| 2026-01-06 | 50.45x |
| 2026-01-05 | 50.67x |
| 2026-01-02 | 50.46x |
| 2025-12-31 | 49.94x |
| 2025-12-30 | 50.39x |
| 2025-12-29 | 50.53x |
| 2025-12-26 | 50.51x |
| 2025-12-24 | 50.45x |
| 2025-12-23 | 50.32x |
| 2025-12-22 | 50.22x |
| 2025-12-19 | 50.65x |
| 2025-12-18 | 50.22x |
| 2025-12-17 | 49.61x |
| 2025-12-16 | 50.40x |
| 2025-12-15 | 49.74x |
| 2025-12-12 | 50.02x |
| 2025-12-11 | 50.94x |
| 2025-12-10 | 50.37x |
| 2025-12-09 | 49.94x |
| 2025-12-08 | 50.09x |
| 2025-12-05 | 51.05x |
| 2025-12-04 | 51.21x |
| 2025-12-03 | 51.30x |
| 2025-12-02 | 50.69x |
| 2025-12-01 | 51.02x |
| 2025-11-28 | 51.50x |
| 2025-11-26 | 51.10x |
| 2025-11-25 | 50.79x |
| 2025-11-24 | 49.11x |
| 2025-11-21 | 49.62x |
| 2025-11-20 | 48.05x |
| 2025-11-19 | 48.73x |
| 2025-11-18 | 49.31x |
| 2025-11-17 | 50.16x |
| 2025-11-14 | 50.90x |
| 2025-11-13 | 51.71x |
| 2025-11-12 | 52.34x |
| 2025-11-11 | 53.09x |
| 2025-11-10 | 53.36x |
| 2025-11-07 | 53.50x |
| 2025-11-06 | 52.78x |
| 2025-11-05 | 53.00x |
| 2025-11-04 | 53.53x |
| 2025-11-03 | 53.77x |
| 2025-10-31 | 55.01x |
| 2025-10-30 | 54.52x |
| 2025-10-29 | 55.97x |
| 2025-10-28 | 112.50x |
| 2025-10-27 | 111.78x |
| 2025-10-24 | 111.06x |
| 2025-10-23 | 109.91x |
| 2025-10-22 | 109.31x |
| 2025-10-21 | 114.23x |
| 2025-10-20 | 110.79x |
| 2025-10-17 | 108.44x |
| 2025-10-16 | 109.32x |
| 2025-10-15 | 110.06x |
| 2025-10-14 | 110.52x |
| 2025-10-13 | 109.51x |
| 2025-10-10 | 109.18x |
| 2025-10-09 | 111.48x |
| 2025-10-08 | 114.20x |
| 2025-10-07 | 113.21x |
| 2025-10-06 | 114.21x |
| 2025-10-03 | 113.96x |
| 2025-10-02 | 112.76x |
| 2025-10-01 | 113.65x |
| 2025-09-30 | 114.04x |
| 2025-09-29 | 113.13x |
| 2025-09-26 | 112.66x |
| 2025-09-25 | 112.52x |
| 2025-09-24 | 112.90x |
| 2025-09-23 | 114.10x |
| 2025-09-22 | 115.01x |
| 2025-09-19 | 115.14x |
| 2025-09-18 | 116.27x |
| 2025-09-17 | 115.67x |
| 2025-09-16 | 116.00x |
| 2025-09-15 | 116.50x |
| 2025-09-12 | 117.19x |
| 2025-09-11 | 118.19x |
| 2025-09-10 | 118.51x |
| 2025-09-09 | 120.06x |
| 2025-09-08 | 123.48x |
| 2025-09-05 | 123.32x |
| 2025-09-04 | 120.17x |
| 2025-09-03 | 118.46x |
| 2025-09-02 | 120.11x |
| 2025-08-29 | 122.83x |
Showing the most recent 260 of 1,618 data points. The chart above shows the full history.
