Carrier Global (CARR) Research & Development (2019 - 2026)
Carrier Global (CARR) posted Research & Development of $154 million for Q3 2026, up 2.0% from $151 million a year earlier and up 4.1% from the prior quarter.
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Analysis
Carrier Global (CARR) Research & Development (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Carrier Global was $605 million, down 3.5% year-over-year; for FY2025, it came in at $625 million, down 8.9% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- In prior years, Carrier Global's Research & Development was $686 million in FY2024 (+39.1%), $493 million in FY2023 (+18.5%), $416 million in FY2022 (-17.3%) and $503 million in FY2021 (+20.0%).
- Quarterly Research & Development has run from a low of $26 million in Q4 2022 to a high of $192 million in Q1 2024 over five years.
- On a year-over-year basis, Research & Development increased in three of the last eight quarters, with an average decline of 3.5%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2023, with growth of 430.8%; the weakest was Q4 2022, with a decline of 80.6%.
- According to Business Quant data, Research & Development for the three prior quarters was $148 million (Q2 2026), $143 million (Q1 2026) and $160 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 88.43 Bn | 83.04 Bn | 2.38 Bn | - |
| 2 | Johnson Controls International | 81.95 Bn | 79.68 Bn | 2.47 Bn | - |
| 3 | Carrier Global | 43.09 Bn | 37.47 Bn | 1.90 Bn | 154.00 Mn |
| 4 | Comfort Systems Usa | 35.64 Bn | 29.60 Bn | 934.48 Mn | - |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 40.00 Mn |
| 6 | James Hardie Industries | 16.21 Bn | 15.14 Bn | 562.40 Mn | 14.60 Mn |
| 7 | Masco | 16.11 Bn | 13.92 Bn | 720.00 Mn | - |
| 8 | Allegion | 15.72 Bn | 14.35 Bn | 548.20 Mn | - |
| 9 | Carlisle Companies | 14.80 Bn | 11.71 Bn | 494.90 Mn | 11.90 Mn |
| 10 | Lennox International | 11.75 Bn | 11.57 Bn | 497.20 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 154.00 Mn |
| 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 |
API Access
Carrier Global Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CARR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CARR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CARR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();