Carrier Global (CARR) vs Garmin (GRMN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Garmin (GRMN) has outperformed Carrier Global (CARR) over the past year, gaining 7.7% versus a loss of 7.1%. Over five years, GRMN leads with a +76.9% price change compared with +2.9% for CARR. Garmin is the larger company by market cap ($53.26 billion vs $45.34 billion), about 1.2 times the size.
On valuation, Carrier Global trades at a lower forward P/E (16.6x vs 24.8x for Garmin). Carrier Global offers the higher dividend yield (1.72% vs 1.52%). Garmin converts more of its revenue into profit, with a net margin of 23.0% 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 | CARR | GRMN |
|---|---|---|
| Share price | $55.00 | $276.16 |
| Market cap | $45.34B | $53.26B |
| 1-day change | -1.96% | -1.09% |
| YTD return | +4.09% | +36.14% |
| 1-year return | -7.06% | +7.74% |
| 5-year return | +2.94% | +76.88% |
| P/E ratio (TTM) | 40.74 | 28.83 |
| Forward P/E | 16.60 | 24.80 |
| EPS (TTM) | $1.35 | $9.58 |
| Dividend yield | 1.72% | 1.52% |
| Annual dividend | $0.945 | $4.20 |
| Revenue (latest FY) | $21.75B | $7.25B |
| Revenue growth (YoY) | -3.29% | +15.06% |
| Net income (latest FY) | $1.48B | $1.66B |
| Gross margin | — | 58.74% |
| Operating margin | 9.99% | 25.89% |
| Net margin | 6.82% | 22.96% |
| 52-week high | $76.76 | $314.28 |
| 52-week low | $50.24 | $186.67 |
| Distance from 52-week high | -28.35% | -12.13% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +36.87% | +9.36% |
| Average volume | 6.48M | 905.83K |
| Shares outstanding | 824.33M | 192.85M |
| Employees | 47,000 | 23,000 |
| Sector | Industrials | Industrials |
| Industry | Building Products & Equipment | 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
- GRMN has outperformed CARR by 14.8 percentage points over the past year.
- Carrier Global trades at a higher earnings multiple (40.7x vs 28.8x trailing P/E).
- Garmin is more profitable, keeping 23.0 cents of every revenue dollar as net income versus 6.8 cents for Carrier Global.
- Garmin grew revenue faster in its latest fiscal year (+15.06% vs -3.29%).
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 · Building Products & Equipment · 47,000 employees
About Garmin
GRMN stock →Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
Industrials · Industrial Machinery/Components · 23,000 employees
CARR vs GRMN FAQ
Which is bigger, Carrier Global or Garmin?
Garmin (GRMN) is larger, with a market capitalization of $53.26B compared with $45.34B for Carrier Global (CARR).
Which stock has performed better over the past year, CARR or GRMN?
GRMN returned +7.74% over the past 12 months, compared with -7.06% for CARR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CARR or GRMN?
GRMN has the lower trailing P/E at 28.8, versus 40.7 for CARR. 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, Carrier Global or Garmin?
Carrier Global has the higher yield at 1.72%, compared with 1.52% for Garmin.
Are Carrier Global and Garmin in the same industry?
Both are in the Industrials sector, but in different industries: Building Products & Equipment for Carrier Global and Industrial Machinery/Components for Garmin.