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Carrier Global CARR Climate Solutions Transportation — Research and Development Expense

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$22M+15.8%
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$15M-6.3%

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Other financials

Income statement

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Revenue$6.4B+3.9%
Gross profit$1.5B-28.0%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation

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Market cap$52.77B-6.1%
Enterprise value$64.01B-3.6%
P/E43.3×+29.2×
P/S2.4×-0.1×

Profitability

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Gross margin26.6%-12.4pp
Operating margin7.8%-5.9pp
Net margin5.5%-12.3pp
FCF margin8.7%

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Carrier Global’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001783180-26-000032
(In millions)CSACSECSAMECSTSegment Total
Net sales$3,372$1,324$917$738$6,351
Cost of goods sold(2,227)(936)(714)(531)(4,408)
Research and development(80)(22)(15)(15)(132)
Selling, general and administrative(282)(273)(132)(75)(762)
Equity method investment net earnings3125258
Other income (expense), net9227(1)37
Segment operating profit$823$95$108$118$1,144
Three Months Ended June 30, 2025

Item 1. Financial Statements

FAQ

What is Carrier Global's climate solutions transportation — research and development expense?
Carrier Global (CARR) reported climate solutions transportation — research and development expense of $15M in Q2 2026.
What does climate solutions transportation — research and development expense mean?
Expenditures dedicated to the innovation, design, and testing of new technologies and products within the Climate Solutions Transportation segment. This investment is critical for maintaining a competitive edge in transport refrigeration and supply chain monitoring.

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