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
DateValue
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