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Carrier Global Corp (CARR): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2022-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$625.00M
Year ended 2025-12-31
$615.00M
Trailing 12 months to 2026-03-31
+14.5%
3-year compound annual growth
$686.00M2018-12-31: $400.00M2019-12-31: $401.00M2020-12-31: $419.00M2021-12-31: $503.00M2022-12-31: $416.00M2023-12-31: $493.00M2024-12-31: $686.00M2025-12-31: $625.00M$625.00M
2018-12-31 R&D Expense (USD) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31$625.00M-8.9%2026-02-05, From 2025-01-01
2024-12-31$686.00M+39.1%2026-02-05, From 2024-01-01
2023-12-31$493.00M+18.5%2026-02-05, From 2023-01-01
2022-12-31$416.00Mn/c2025-02-11, From 2022-01-01
2021-12-31$503.00M+20.0%2024-02-06, From 2021-01-01
2020-12-31$419.00M+4.5%2023-02-07, From 2020-01-01
2019-12-31$401.00M+0.3%2022-02-08, From 2019-01-01
2018-12-31$400.00Mn/a2021-02-09, From 2018-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Carrier Global Corp (CARR)2025-12-31$625.00M-8.9%
Johnson Controls International plc (JCI)2025-09-30$273.00M+2.2%
Lennox International Inc (LII)2025-12-31$103.40M+10.5%
Aaon, Inc. (AAON)2025-12-31$58.20M+23.0%
Tecogen Inc. (TGEN)2025-12-31$1.17M+21.3%
AirJoule Technologies Corp. (AIRJ)2025-12-31$1.01M-50.1%

Compare CARR, JCI, LII, AAON side by side · Screen every company in Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip ↗