CZNC vs. CARR

Last updated Apr 1, 2026

Compare and contrast key facts about Citizens & Northern Corporation (CZNC) and Carrier Global Corporation (CARR).

Performance

CZNC vs. CARR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Citizens & Northern Corporation (CZNC) and Carrier Global Corporation (CARR). The values are adjusted to include any dividend payments, if applicable.

CZNC vs. CARR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CZNC Citizens & Northern Corporation	12.14%	14.89%	-12.21%	3.67%	-8.40%	37.98%	19.31%
CARR Carrier Global Corporation	7.02%	-21.57%	20.26%	41.47%	-22.68%	45.31%	124.99%

Fundamentals

Market Cap CZNC : $394.64M CARR : $47.68B
EPS CZNC : $1.45 CARR : $1.74
PE Ratio CZNC : 15.38 CARR : 32.33
PS Ratio CZNC : 2.33 CARR : 2.22
PB Ratio CZNC : 1.16 CARR : 3.45
Total Revenue (TTM) CZNC : $154.97M CARR : $21.75B
Gross Profit (TTM) CZNC : $101.53M CARR : $5.63B
EBITDA (TTM) CZNC : $30.32M CARR : $2.79B

Returns By Period

In the year-to-date period, CZNC achieves a 12.14% return, which is significantly higher than CARR's 7.02% return.

CZNC

• 1D: 0.22%
• 1M: -0.53%
• YTD: 12.14%
• 6M: 15.85%
• 1Y: 17.54%
• 3Y*: 7.40%
• 5Y*: 3.98%
• 10Y*: 6.30%

CARR

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

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

Return for Risk

CZNC vs. CARR — Risk / Return Rank

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

CZNC

CZNC Risk / Return Rank: 65
CZNC Sharpe Ratio Rank: 66
CZNC Sortino Ratio Rank: 58
CZNC Omega Ratio Rank: 56
CZNC Calmar Ratio Rank: 73
CZNC Martin Ratio Rank: 70

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

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.

CZNC vs. CARR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Citizens & Northern Corporation (CZNC) and Carrier Global Corporation (CARR). 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.

	CZNC	CARR	Difference
Sharpe ratio Return per unit of total volatility	0.72	-0.28	+1.00
Sortino ratio Return per unit of downside risk	1.12	-0.16	+1.28
Omega ratio Gain probability vs. loss probability	1.14	0.98	+0.16
Calmar ratio Return relative to maximum drawdown	1.67	-0.25	+1.93
Martin ratio Return relative to average drawdown	3.56	-0.42	+3.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CZNC vs. CARR - Sharpe Ratio Comparison

The current CZNC Sharpe Ratio is 0.72, which is higher than the CARR Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of CZNC and CARR, 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

	CZNC	CARR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	-0.28	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.25	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.73	-0.56

Correlation

The correlation between CZNC and CARR is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CZNC vs. CARR - Dividend Comparison

CZNC's dividend yield for the trailing twelve months is around 5.01%, more than CARR's 2.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CZNC Citizens & Northern Corporation	5.01%	5.55%	6.02%	4.99%	4.90%	4.25%	5.44%	3.82%	4.09%	4.33%	3.97%	4.95%
CARR Carrier Global Corporation	2.02%	1.70%	1.16%	1.30%	1.54%	0.94%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CZNC vs. CARR - Drawdown Comparison

The maximum CZNC drawdown since its inception was -72.50%, which is greater than CARR's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for CZNC and CARR.

Drawdown Indicators

	CZNC	CARR	Difference
Max Drawdown Largest peak-to-trough decline	-72.50%	-40.82%	-31.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.30%	-37.38%	+27.08%
Max Drawdown (5Y) Largest decline over 5 years	-34.22%	-40.82%	+6.60%
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	—	—
Current Drawdown Current decline from peak	-6.45%	-30.28%	+23.83%
Average Drawdown Average peak-to-trough decline	-20.61%	-13.99%	-6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	22.44%	-17.60%

Volatility

CZNC vs. CARR - Volatility Comparison

The current volatility for Citizens & Northern Corporation (CZNC) is 5.23%, while Carrier Global Corporation (CARR) has a volatility of 11.87%. This indicates that CZNC experiences smaller price fluctuations and is considered to be less risky than CARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZNC	CARR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	11.87%	-6.64%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	22.42%	-6.57%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	34.94%	-10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.22%	30.77%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.64%	33.04%	+1.60%

Financials

CZNC vs. CARR - Profitability Comparison

The chart below illustrates the profitability comparison between Citizens & Northern Corporation and Carrier Global Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CZNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Citizens & Northern Corporation reported a gross profit of 21.77M and revenue of 36.02M. Therefore, the gross margin over that period was 60.4%.

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%.

CZNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Citizens & Northern Corporation reported an operating income of 5.39M and revenue of 36.02M, resulting in an operating margin of 15.0%.

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%.

CZNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Citizens & Northern Corporation reported a net income of 4.47M and revenue of 36.02M, resulting in a net margin of 12.4%.

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%.