AAON (AAON) vs Carrier Global (CARR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Carrier Global (CARR) has outperformed AAON (AAON) over the past year, losing 7.1% versus a loss of 15.4%. Over five years, AAON leads with a +86.7% price change compared with +2.9% for CARR. Carrier Global is the larger company by market cap ($45.16 billion vs $7.12 billion), about 6.3 times the size, while AAON is growing revenue faster (+20.1% vs -3.3%).
On valuation, Carrier Global trades at a lower forward P/E (16.5x vs 24.7x for AAON). Carrier Global offers the higher dividend yield (1.73% vs 0.46%). AAON converts more of its revenue into profit, with a net margin of 7.5% versus 6.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AAON | CARR |
|---|---|---|
| Share price | $86.31 | $54.78 |
| Market cap | $7.12B | $45.16B |
| 1-day change | -0.95% | -0.38% |
| YTD return | +14.27% | +4.09% |
| 1-year return | -15.44% | -7.06% |
| 5-year return | +86.71% | +2.94% |
| P/E ratio (TTM) | 45.42 | 39.70 |
| Forward P/E | 24.67 | 16.54 |
| EPS (TTM) | $1.90 | $1.38 |
| Dividend yield | 0.46% | 1.73% |
| Annual dividend | $0.40 | $0.945 |
| Revenue (latest FY) | $1.44B | $21.75B |
| Revenue growth (YoY) | +20.11% | -3.29% |
| Net income (latest FY) | $107.59M | $1.48B |
| Gross margin | 26.75% | — |
| Operating margin | 10.14% | 9.99% |
| Net margin | 7.46% | 6.82% |
| 52-week high | $150.46 | $76.76 |
| 52-week low | $73.19 | $50.24 |
| Distance from 52-week high | -42.64% | -28.63% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +56.13% | +37.42% |
| Average volume | 1.16M | 6.44M |
| Shares outstanding | 82.45M | 824.33M |
| Employees | 5,897 | 47,000 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Carrier Global is about 6.3 times larger than AAON by market value ($45.16B vs $7.12B).
- Carrier Global offers a meaningfully higher dividend yield (1.73% vs 0.46%).
- AAON grew revenue faster in its latest fiscal year (+20.11% vs -3.29%).
About AAON
AAON stock →AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
Industrials · Industrial Machinery/Components · 5,897 employees
About Carrier Global
CARR stock →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.
Industrials · Industrial Machinery/Components · 47,000 employees
AAON vs CARR FAQ
Which is bigger, AAON or Carrier Global?
Carrier Global (CARR) is larger, with a market capitalization of $45.16B compared with $7.12B for AAON (AAON).
Which stock has performed better over the past year, AAON or CARR?
CARR returned -7.06% over the past 12 months, compared with -15.44% for AAON (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AAON or CARR?
CARR has the lower trailing P/E at 39.7, versus 45.4 for AAON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AAON or Carrier Global?
Carrier Global has the higher yield at 1.73%, compared with 0.46% for AAON.
Are AAON and Carrier Global in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.