Is Carrier Global Stock Underperforming the S&P 500?

Palm Beach Gardens, Florida-based Carrier Global Corporation (CARR) is a leading provider of intelligent climate and energy solutions. Valued at a market cap of $46.2 billion, the company offers heating, ventilation, and air conditioning (HVAC) systems, refrigeration equipment, fire and security products, and building automation technologies for residential, commercial, and industrial customers. 

Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and CARR fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the building products & equipment industry. The company continues to expand its portfolio through innovation and strategic acquisitions to meet rising demand for decarbonization, electrification, and indoor air quality.