Carrier Global (CARR) Research & Development (2019 - 2026)
Carrier Global's (CARR) quarterly Research & Development came in at $148.0 million in Q2 2026, down 8.07% year-over-year from $161.0 million in Q2 2025, and up 3.5% quarter-over-quarter from $143.0 million in Q1 2026.
Analysis
Carrier Global (CARR) Research & Development (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Research & Development for 8 consecutive years, with $148.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 8.07% year-over-year to $148.0 million in Q2 2026; TTM through Jun 2026 was $602.0 million, a 7.1% decrease from a year earlier, with the FY2025 full-year figure at $625.0 million, down 8.89% from the prior year.
- Research & Development was $148.0 million for Q2 2026 at Carrier Global, up from $143.0 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 $142.9 million and a median of $149.5 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development tumbled 80.6% in 2022 and jumped 430.77% in 2023, its largest moves.
- Over 5 years, Research & Development stood at $26.0 million in 2022, then jumped by 430.77% to $138.0 million in 2023, then increased by 17.39% to $162.0 million in 2024, then retreated by 1.23% to $160.0 million in 2025, then slipped by 7.5% to $148.0 million in 2026.
- The last three Research & Development figures came in at $148.0 million (Q2 2026), $143.0 million (Q1 2026), and $160.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | - |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | - |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | - |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 148.00 Mn |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | - |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | - |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | - |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | - |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | - |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 148.00 Mn |
| 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 |