Discontinued — last reported Q4 '24
Business Segments · Research and Development Expense
HVAC — Research and Development Expense
Carrier Global HVAC — Research and Development Expense remained flat by 0.0% to $132.75M in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 64.9%, from $80.50M to $132.75M. Over 2 years (FY 2022 to FY 2024), HVAC — Research and Development Expense shows an upward trend with a 41.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2024
Rolls up toR&D
How to read this metric
Higher spending indicates a commitment to innovation and long-term product competitiveness.
Detailed definition
Expenditures dedicated to the innovation, design, and improvement of HVAC products and technologies. This investment is...
Peer comparison
Standard metric for technology-driven manufacturing and engineering firms.
Metric ID:
carr_segment_hvac_research_and_development_expenseHistorical Data
3 years
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | $265.00M | $322.00M | $531.00M |
| YoY Change | — | +21.5% | +64.9% |
Range$265.00M – $531.00M
CAGR+41.6%
Avg YoY Growth+43.2%
Median YoY Growth+43.2%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Carrier Global's hvac — research and development expense?
- Carrier Global (CARR) reported hvac — research and development expense of $132.75M in Q4 2024.
- How has Carrier Global's hvac — research and development expense changed year-over-year?
- Carrier Global's hvac — research and development expense increased by 64.9% year-over-year, from $80.50M to $132.75M.
- What is the long-term trend for Carrier Global's hvac — research and development expense?
- Over 2 years (2022 to 2024), Carrier Global's hvac — research and development expense has grown at a 41.6% compound annual growth rate (CAGR), from $265.00M to $531.00M.
- What does hvac — research and development expense mean?
- Spending on developing new technologies and improving existing HVAC products.