Builders Firstsource vs Carrier Global
Carrier Global is the larger business, with $21.75bn of revenue in fiscal 2025 against $15.19bn for Builders Firstsource (1.4 times as much). Carrier Global grew faster (-3.3% against -7.4%). Carrier Global kept more of each dollar of sales as profit: a net margin of 6.8% against 2.9%.
| Latest fiscal year | Builders FirstsourceBLDR, 2025 | Carrier GlobalCARR, 2025 |
|---|---|---|
| Revenue | $15.19bn | $21.75bn |
| Revenue growth | -7.4% | -3.3% |
| Net income | $435m | $1.48bn |
| Operating margin | — | 10.0% |
| Net margin | 2.9% | 6.8% |
| Return on equity | 10.1% | 10.4% |
| Free cash flow | $853m | $2.12bn |
| Cash | $182m | $1.55bn |
| Total debt | $4.49bn | $11.83bn |
| Debt to equity | — | 83.8% |
| Dividend per share | — | $0.68 |
| Dividend yield | — | 1.7% |
| Share buybacks | $414m | $2.89bn |
| Employees | 28,000 | 47,000 |
| Market value | $6.80bn | $45.42bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 52 (Moderate) | 55 (Moderate) |
| Insider trades, 12 months | 1 buys, 1 sales | 1 buys, 1 sales |