Carrier Global (CARR) Research & Development (2019 - 2026)
Carrier Global (CARR) reported Research & Development of $143.0 million for Q1 2026, down 6.54% year-over-year from $153.0 million in Q1 2025, and down 10.62% quarter-over-quarter from $160.0 million in Q4 2025.
Carrier Global (CARR) Research & Development (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has 8 years of Research & Development data on file, last reported at $143.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $143.0 million, down 6.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $615.0 million (down 4.95% YoY), and the FY2025 annual result was $625.0 million, down 8.89% from the prior year.
- Research & Development retreated to $143.0 million in Q1 2026 per CARR's latest filing, from $160.0 million in the prior quarter.
- Over five years, Research & Development peaked at $192.0 million in Q1 2024 and troughed at $26.0 million in Q4 2022.
- A 5-year average of $142.6 million and a median of $151.0 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development slumped 80.6% in 2022, then surged 430.77% in 2023.
- A 5-year view of Research & Development shows it stood at $26.0 million in 2022, then surged by 430.77% to $138.0 million in 2023, then rose by 17.39% to $162.0 million in 2024, then decreased by 1.23% to $160.0 million in 2025, then dropped by 10.62% to $143.0 million in 2026.
- Business Quant data shows CARR's Research & Development at $143.0 million in Q1 2026, $160.0 million in Q4 2025, and $151.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | - |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | - |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 143.00 Mn |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | - |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | - |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 12.10 Mn |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | - |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | - |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | - |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 37.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 143.00 Mn |
| Dec 31, 2025 | 160.00 Mn |
| Sep 30, 2025 | 151.00 Mn |
| Jun 30, 2025 | 161.00 Mn |
| Mar 31, 2025 | 153.00 Mn |
| Dec 31, 2024 | 162.00 Mn |
| Sep 30, 2024 | 172.00 Mn |
| Jun 30, 2024 | 160.00 Mn |
| Mar 31, 2024 | 192.00 Mn |
| Dec 31, 2023 | 138.00 Mn |
| Sep 30, 2023 | 126.00 Mn |
| Jun 30, 2023 | 151.00 Mn |
| Mar 31, 2023 | 139.00 Mn |
| Dec 31, 2022 | 26.00 Mn |
| Sep 30, 2022 | 143.00 Mn |
| Jun 30, 2022 | 122.00 Mn |
| Mar 31, 2022 | 125.00 Mn |
| Dec 31, 2021 | 134.00 Mn |
| Sep 30, 2021 | 123.00 Mn |
| Jun 30, 2021 | 125.00 Mn |