CARR vs. STRL

Last updated Apr 1, 2026

Compare and contrast key facts about Carrier Global Corporation (CARR) and Sterling Construction Company, Inc. (STRL).

Performance

CARR vs. STRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carrier Global Corporation (CARR) and Sterling Construction Company, Inc. (STRL). The values are adjusted to include any dividend payments, if applicable.

CARR vs. STRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CARR Carrier Global Corporation	7.02%	-21.57%	20.26%	41.47%	-22.68%	45.31%	124.99%
STRL Sterling Construction Company, Inc.	32.99%	81.79%	91.57%	168.08%	24.71%	41.32%	136.47%

Fundamentals

Market Cap CARR : $47.68B STRL : $12.69B
EPS CARR : $1.74 STRL : $9.37
PE Ratio CARR : 32.33 STRL : 43.46
PEG Ratio CARR : 0.48 STRL : 0.93
PS Ratio CARR : 2.22 STRL : 5.06
PB Ratio CARR : 3.45 STRL : 11.45
Total Revenue (TTM) CARR : $21.75B STRL : $2.49B
Gross Profit (TTM) CARR : $5.63B STRL : $572.31M
EBITDA (TTM) CARR : $2.79B STRL : $479.85M

Returns By Period

In the year-to-date period, CARR achieves a 7.02% return, which is significantly lower than STRL's 32.99% return.

CARR

• 1D: 3.59%
• 1M: -12.56%
• YTD: 7.02%
• 6M: -4.91%
• 1Y: -9.63%
• 3Y*: 8.79%
• 5Y*: 7.57%
• 10Y*: —

STRL

• 1D: 6.46%
• 1M: -4.87%
• YTD: 32.99%
• 6M: 19.90%
• 1Y: 259.75%
• 3Y*: 120.71%
• 5Y*: 77.46%
• 10Y*: 54.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CARR vs. STRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARR

CARR Risk / Return Rank: 31
CARR Sharpe Ratio Rank: 30
CARR Sortino Ratio Rank: 27
CARR Omega Ratio Rank: 27
CARR Calmar Ratio Rank: 34
CARR Martin Ratio Rank: 36

STRL

STRL Risk / Return Rank: 97
STRL Sharpe Ratio Rank: 99
STRL Sortino Ratio Rank: 96
STRL Omega Ratio Rank: 96
STRL Calmar Ratio Rank: 98
STRL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CARR vs. STRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) and Sterling Construction Company, Inc. (STRL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CARR	STRL	Difference
Sharpe ratio Return per unit of total volatility	-0.28	4.39	-4.66
Sortino ratio Return per unit of downside risk	-0.16	3.82	-3.98
Omega ratio Gain probability vs. loss probability	0.98	1.52	-0.54
Calmar ratio Return relative to maximum drawdown	-0.25	8.08	-8.34
Martin ratio Return relative to average drawdown	-0.42	23.59	-24.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CARR vs. STRL - Sharpe Ratio Comparison

The current CARR Sharpe Ratio is -0.28, which is lower than the STRL Sharpe Ratio of 4.39. The chart below compares the historical Sharpe Ratios of CARR and STRL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CARR	STRL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	4.39	-4.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	1.54	-1.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.23	+0.49

Correlation

The correlation between CARR and STRL is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CARR vs. STRL - Dividend Comparison

CARR's dividend yield for the trailing twelve months is around 2.02%, while STRL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
CARR Carrier Global Corporation	2.02%	1.70%	1.16%	1.30%	1.54%	0.94%	0.74%
STRL Sterling Construction Company, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CARR vs. STRL - Drawdown Comparison

The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum STRL drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for CARR and STRL.

Drawdown Indicators

	CARR	STRL	Difference
Max Drawdown Largest peak-to-trough decline	-40.82%	-92.51%	+51.69%
Max Drawdown (1Y) Largest decline over 1 year	-37.38%	-31.02%	-6.36%
Max Drawdown (5Y) Largest decline over 5 years	-40.82%	-47.67%	+6.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.60%	—
Current Drawdown Current decline from peak	-30.28%	-11.41%	-18.87%
Average Drawdown Average peak-to-trough decline	-13.99%	-46.56%	+32.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.44%	10.62%	+11.82%

Volatility

CARR vs. STRL - Volatility Comparison

The current volatility for Carrier Global Corporation (CARR) is 11.87%, while Sterling Construction Company, Inc. (STRL) has a volatility of 21.20%. This indicates that CARR experiences smaller price fluctuations and is considered to be less risky than STRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARR	STRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.87%	21.20%	-9.33%
Volatility (6M) Calculated over the trailing 6-month period	22.42%	46.74%	-24.32%
Volatility (1Y) Calculated over the trailing 1-year period	34.94%	59.69%	-24.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.77%	50.46%	-19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.04%	50.44%	-17.40%

Financials

CARR vs. STRL - Profitability Comparison

The chart below illustrates the profitability comparison between Carrier Global Corporation and Sterling Construction Company, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CARR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Carrier Global Corporation reported a gross profit of 961.00M and revenue of 4.84B. Therefore, the gross margin over that period was 19.9%.

STRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sterling Construction Company, Inc. reported a gross profit of 164.12M and revenue of 755.61M. Therefore, the gross margin over that period was 21.7%.

CARR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Carrier Global Corporation reported an operating income of 101.00M and revenue of 4.84B, resulting in an operating margin of 2.1%.

STRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sterling Construction Company, Inc. reported an operating income of 119.97M and revenue of 755.61M, resulting in an operating margin of 15.9%.

CARR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Carrier Global Corporation reported a net income of 62.00M and revenue of 4.84B, resulting in a net margin of 1.3%.

STRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sterling Construction Company, Inc. reported a net income of 87.60M and revenue of 755.61M, resulting in a net margin of 11.6%.