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Carrier Global CARR CSAME — Research and Development Expense

Other segment segments

CSA
$347M
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$80M-10.1%
CSE
$75M
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$22M+15.8%
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$15M-6.3%
Climate Solutions Transportation
$15M

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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-K, filed February 5, 2026.

Filed
Feb 5, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001783180-26-000008
(In millions)CSACSECSAMECSTSegment Total
Net sales$10,470$5,044$3,339$2,894$21,747
Cost of goods sold(7,073)(3,494)(2,499)(2,112)(15,178)
Research and development(347)(75)(61)(66)(549)
Selling, general and administrative(1,036)(1,039)(476)(287)(2,838)
Equity method investment net earnings126(3)1006229
Other income (expense), net1011451783
Segment operating profit$2,150$444$448$452$3,494

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Carrier Global's CSAME — research and development expense?
Carrier Global (CARR) reported CSAME — research and development expense of $15.25M in Q4 2025.
How has Carrier Global's CSAME — research and development expense changed year-over-year?
Carrier Global's CSAME — research and development expense decreased by 11.6% year-over-year, from $17.25M to $15.25M.
What is the long-term trend for Carrier Global's CSAME — research and development expense?
Over 2 years (2023 to 2025), Carrier Global's CSAME — research and development expense has grown at a 8.3% compound annual growth rate (CAGR), from $52M to $61M.
What does CSAME — research and development expense mean?
Expenditures dedicated to the innovation, design, and improvement of climate control products within the CSAME segment. This investment is critical for maintaining technological leadership and meeting regional regulatory standards.

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