CARR (Carrier Global) Research & Development: $615 Mil (TTM As of Mar. 2026)


CARR Carrier Global Corp CARR
79 GF Score
Price $74.06
GF Value $67.63
Valuation Fairly Valued
! 10 Warning Signs
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What is Carrier Global Research & Development?

Carrier Global CARR +4.68% 79 Research & Development is $615 Mil as of Mar. 2026. GuruFocus rates CARR with a GF Score™ of 79/100 and a GF Value™ of $67.63 (Fairly Valued). The stock has 10 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Carrier Global's Research & Development for the three months ended in Mar. 2026 was $143 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $615 Mil.

Carrier Global  (NYSE:CARR) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Carrier Global Research & Development Related Terms

Carrier Global Research & Development Historical Data

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The historical data trend for Carrier Global's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carrier Global Research & Development Chart

Carrier Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 503.00 416.00 493.00 686.00 625.00

Carrier Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 153.00 161.00 151.00 160.00 143.00
CARR
79GF Score
Carrier Global Corp CARR
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Carrier Global Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $615 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $615 Mil mean?
Carrier Global (CARR) has a Research & Development of $615 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Carrier Global and its competitors.
Is Carrier Global's Research & Development too high?
Carrier Global's current Research & Development is $615 Mil. Overall, Carrier Global has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Research & Development compare to JCI and MAIR?
Carrier Global's Research & Development of $615 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Construction company?
A good Research & Development depends on the Construction industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Carrier Global and its competitors. Carrier Global's current Research & Development is $615 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Based on GuruFocus' analysis, Carrier Global (CARR) is currently considered Fairly Valued. The stock's GF Value™ is $67.63, compared to a current price of $74.06 — trading 9.5% above its estimated fair value. The current Research & Development is $615 Mil. Carrier Global's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Carrier Global (CARR), the current Research & Development is $615 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carrier Global (CARR) Overvalued in 2026?

Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued. The current stock price of $74.06 is trading 9.5% above its estimated GF Value™ of $67.63. GuruFocus considers Carrier Global to be Fairly Valued.

Key valuation signals for CARR:

  • Research & Development: $615 Mil
  • GF Value™: $67.63 vs. price of $74.06 (9.5% above fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Carrier Global Business Description

Address 13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
79GF Score

Get the complete analysis for CARR

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$74.06
Price
$67.63
GF Value