GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

CARR · Sep 30, 2026

CARRIER GLOBAL Corp. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 4[email protected]

Inspectable configuration

State dimensions

Filing0001783180-26-000037General Corporate

Debt relative to revenue35thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.debt_to_revenue

159.54% · OPTIONAL · VALID

Capex intensity95thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.capex_revenue_ratio

2.22% · OPTIONAL · VALID

Operating cash generation85thOwn-history percentile · N=20

Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

12.98% · OPTIONAL · VALID

Revenue growth80thOwn-history percentile · N=20

Evidence method

Yoy · gp.fundamentals.revenue

12.26% · CORE · VALID

Inventory pressure55thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.inventory_revenue_ratio

45.38% · OPTIONAL · VALID

Operating margin0thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.operating_margin

-36.29% · CORE · VALID

R&D intensity20thOwn-history percentile · N=20

Evidence method

Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue

2.46% · OPTIONAL · VALID

SBC intensity0thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

0.11% · OPTIONAL · VALID

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History12 statesSelf-history eligible

Mar 31, 20210/8 normalizedLevel 3 Jun 30, 20210/8 normalizedLevel 3 Sep 30, 20210/8 normalizedLevel 3 Dec 31, 20210/8 normalizedLevel 3 Mar 31, 20227/8 normalizedLevel 3 Jun 30, 20227/8 normalizedLevel 3 Sep 30, 20227/8 normalizedLevel 3 Dec 31, 20227/8 normalizedLevel 3 Mar 31, 20238/8 normalizedLevel 3 Jun 30, 20238/8 normalizedLevel 3 Sep 30, 20238/8 normalizedLevel 3 Sep 30, 20268/8 normalizedLevel 4

Period transition

What moved in the state?

Balance Sheet Leverage Decreased

Previous: 162.40%
Current: 159.54%
Delta: -2.86%

Capex Intensity Increased

Previous: 1.84%
Current: 2.22%
Delta: 0.38%

Cash Generation Decreased

Previous: 14.60%
Current: 12.98%
Delta: -1.62%

Growth Increased

Previous: 3.89%
Current: 12.26%
Delta: 8.37%

Inventory Pressure Increased

Previous: 43.44%
Current: 45.38%
Delta: 1.94%

Profitability Decreased

Previous: 12.99%
Current: -36.29%
Delta: -49.28%

R And D Intensity Increased

Previous: 2.33%
Current: 2.46%
Delta: 0.13%

Sbc Intensity Decreased

Previous: 0.19%
Current: 0.11%
Delta: -0.08%

Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Jun 30, 2023

Similarity: 70%
Compared: 8 dimensions
Coverage: 100%

Growth 13.3 · Profitability 7.7 · Sbc Intensity 7.7 · Capex Intensity 56.5 · Cash Generation 46.5 · R And D Intensity 33.8 · Inventory Pressure 14.2 · Balance Sheet Leverage 11.9

Dec 31, 2025

Similarity: 66%
Compared: 8 dimensions
Coverage: 100%

Growth 58.9 · Profitability 15.0 · Sbc Intensity 20.0 · Capex Intensity 10.0 · Cash Generation 0.0 · R And D Intensity 60.0 · Inventory Pressure 35.0 · Balance Sheet Leverage 20.0

Dec 31, 2023

Similarity: 65%
Compared: 8 dimensions
Coverage: 100%

Growth 25.5 · Profitability 13.3 · Sbc Intensity 26.7 · Capex Intensity 5.0 · Cash Generation 11.7 · R And D Intensity 80.0 · Inventory Pressure 41.7 · Balance Sheet Leverage 15.0

Jun 30, 2022

Similarity: 57%
Compared: 7 dimensions
Coverage: 88%

Profitability 66.7 · Sbc Intensity 0.0 · Capex Intensity 39.4 · Cash Generation 73.9 · R And D Intensity 13.3 · Inventory Pressure 33.9 · Balance Sheet Leverage 12.8

Jun 30, 2025

Similarity: 55%
Compared: 8 dimensions
Coverage: 100%

Growth 74.1 · Profitability 60.0 · Sbc Intensity 15.0 · Capex Intensity 60.0 · Cash Generation 20.0 · R And D Intensity 30.0 · Inventory Pressure 20.0 · Balance Sheet Leverage 40.0

Research Graph

Related governed research

Compared To · SIC 35 family →Analogous To · CARR state analogue 4 →Analogous To · CARR state analogue 2 →Analogous To · CARR state analogue 3 →Analogous To · CARR state analogue 1 →Analogous To · CARR state analogue 5 →Derived From · CARR Company Quality Vector →Has State · CARRIER GLOBAL Corp →Transitioned To · CARR BALANCE_SHEET_LEVERAGE_DECREASED →Transitioned To · CARR CAPEX_INTENSITY_INCREASED →Transitioned To · CARR CASH_GENERATION_DECREASED →Transitioned To · CARR GROWTH_INCREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.