Carrier Global Corporation (CARR) FCF Payout Ratio: 47.04%
Is Carrier Global Corporation’s FCF payout ratio high or low?
Carrier Global Corporation's FCF payout ratio of 47.04% is 66% above its 5-year average of 28.36%, near the high end of its 5-year range (10.00%–47.04%).
CARR FCF Payout Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
CARR Average FCF Payout Ratio Chart
CARR Current vs Average FCF Payout Ratio Chart
CARR FCF Payout Ratio Metrics
FCF PAYOUT RATIO
47.04%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
36.59%
FCF PAYOUT RATIO AVG 5Y
28.36%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
+28.54%
CURRENT VS 5Y AVG
+65.85%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Payout Ratio Comparison
FCF Payout Ratio
47.0%
Earnings Payout Ratio
53.5%
Dividend Yield
1.31%
FCF Yield
2.78%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.70B | $772.00M | 45.5% |
| 2024 | $44.00M | $670.00M | n/m |
| 2023 | $2.17B | $620.00M | 28.6% |
| 2022 | $1.43B | $509.00M | 35.7% |
| 2021 | $1.89B | $417.00M | 22.0% |
| 2020 | $1.38B | $138.00M | 10.0% |
| 2019 | $1.82B | $0 | 0.0% |
| 2018 | $1.79B | $0 | 0.0% |
| 2017 | $1.77B | $0 | 0.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Carrier Global Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Carrier Global Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Carrier Global Corporation (CARR)?
- The FCF payout ratio for CARR stock is 47.04%.
- Is Carrier Global Corporation's FCF payout ratio high or low?
- Carrier Global Corporation's FCF payout ratio of 47.04% is 66% above its 5-year average of 28.36%, near the high end of its 5-year range (10.00%–47.04%).
- What is the 3Y average FCF payout ratio for Carrier Global Corporation (CARR)?
- The 3Y average FCF payout ratio for CARR stock is 36.59%.
- What is the 5Y average FCF payout ratio for Carrier Global Corporation (CARR)?
- The 5Y average FCF payout ratio for CARR stock is 28.36%.
Carrier Global Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 45.49% |
| 2023-12-31 | 28.60% |
| 2022-12-31 | 35.69% |
| 2021-12-31 | 22.03% |
| 2020-12-31 | 10.00% |
About Carrier Global Corporation
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete solutions tailored to the heating, cooling, and ventilation requirements of both residential and commercial clients. Offerings in this area include air conditioning units, heating systems, various control mechanisms, aftermarket components, as well as post-installation repair, maintenance services, and building automation capabilities. The Refrigeration segment focuses on providing transport refrigeration and monitoring products and services. This includes digital solutions for diverse applications such as trucks, trailers, shipping containers, intermodal transport, food retail, and warehouse cooling. Additionally, it offers commercial refrigeration solutions like display cabinets, freezers, integrated systems, and their corresponding controls. The Fire & Security segment delivers a comprehensive suite of technologies for residential, commercial, and industrial environments. This encompasses detection systems for fire, flame, gas, smoke, and carbon monoxide; portable fire extinguishers; advanced fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its service portfolio further extends to auditing, design, installation, system integration, ongoing maintenance, repair, and monitoring services. The company markets its extensive product range under numerous brands, including Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, Supra, Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech. Established in 2019, Carrier Global Corporation maintains its corporate headquarters in Palm Beach Gardens, Florida.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David L. Gitlin