Carrier Global (CARR) vs Northrop Grumman (NOC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Carrier Global (CARR) has outperformed Northrop Grumman (NOC) over the past year, losing 6.6% versus a loss of 24.1%. Over five years, NOC leads with a +22.5% price change compared with +4.5% for CARR. Northrop Grumman is the larger company by market cap ($68.83 billion vs $46.02 billion), about 1.5 times the size.
On valuation, Northrop Grumman trades at a lower forward P/E (15.9x vs 16.9x for Carrier Global). Northrop Grumman offers the higher dividend yield (1.94% vs 1.69%). Northrop Grumman converts more of its revenue into profit, with a net margin of 10.0% 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 | NOC |
|---|---|---|
| Share price | $55.83 | $484.48 |
| Market cap | $46.02B | $68.83B |
| 1-day change | +1.51% | +2.33% |
| YTD return | +5.66% | -15.03% |
| 1-year return | -6.64% | -24.06% |
| 5-year return | +4.49% | +22.54% |
| P/E ratio (TTM) | 39.88 | 15.40 |
| Forward P/E | 16.85 | 15.94 |
| EPS (TTM) | $1.40 | $31.46 |
| Dividend yield | 1.69% | 1.94% |
| Annual dividend | $0.945 | $9.40 |
| Revenue (latest FY) | $21.75B | $41.95B |
| Revenue growth (YoY) | -3.29% | +2.24% |
| Net income (latest FY) | $1.48B | $4.18B |
| Operating margin | 9.99% | 10.75% |
| Net margin | 6.82% | 9.97% |
| 52-week high | $76.76 | $774.00 |
| 52-week low | $50.24 | $470.06 |
| Distance from 52-week high | -27.27% | -37.41% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +34.84% | +30.87% |
| Average volume | 6.44M | 847.39K |
| Shares outstanding | 824.33M | 142.06M |
| Employees | 47,000 | 95,000 |
| 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
- CARR has outperformed NOC by 17.4 percentage points over the past year.
- Carrier Global trades at a higher earnings multiple (39.9x vs 15.4x trailing P/E).
- Northrop Grumman grew revenue faster in its latest fiscal year (+2.24% 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 · Industrial Machinery/Components · 47,000 employees
About Northrop Grumman
NOC stock →Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems.
Industrials · Industrial Machinery/Components · 95,000 employees
CARR vs NOC FAQ
Which is bigger, Carrier Global or Northrop Grumman?
Northrop Grumman (NOC) is larger, with a market capitalization of $68.83B compared with $46.02B for Carrier Global (CARR).
Which stock has performed better over the past year, CARR or NOC?
CARR returned -6.64% over the past 12 months, compared with -24.06% for NOC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CARR or NOC?
NOC has the lower trailing P/E at 15.4, versus 39.9 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 Northrop Grumman?
Northrop Grumman has the higher yield at 1.94%, compared with 1.69% for Carrier Global.
Are Carrier Global and Northrop Grumman in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.