Company / R&D Expense
Carrier Global R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$625.0M
FY2025
5-year range
$416.0M / $686.0M
FY2021-FY2025
Trend
-8.9%
vs FY2024
Sector context
#19 of 174
Industrials
What the data says
Carrier Global's r&d expense of $625M is higher than 89% of companies in the Industrials sector (FY2025). R&D Expense has fluctuated over the past 8 years, ranging from $400M in FY2018 to $686M in FY2024.
Based on SEC 10-K filings.
$625M in FY2025 with a 5-year CAGR of +8.3%. Top quartile in the Industrials sector.
Improved from $493M to $625M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +14.5%
- 5-Year CAGR
- +8.3%
- 10-Year CAGR
- -
Sector benchmark
Top 11% in IndustrialsTop 11% of 174This company $625.0M Sector average $273.7M
▼
+128.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +8.3%, indicating consistent growth.
- In FY2025, r&d expense decreased 8.9% year-over-year.
- Ranks #19 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2024.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $625.0M | -8.9% |
| FY2024 | $686.0M | +39.1% |
| FY2023 | $493.0M | +18.5% |
| FY2022 | $416.0M | -17.3% |
| FY2021 | $503.0M | +20.0% |
| FY2020 | $419.0M | +4.5% |
| FY2019 | $401.0M | +0.3% |
| FY2018 | $400.0M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026