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Carrier Global CARR CSAME — Research and Development Expense

Other segment segments

CSA
$347M—
Climate Solutions Americas
$77M-10.5%
CSE
$75M—
Climate Solutions Europe
$21M+16.7%
Climate Solutions Asia Pacific, Middle East & Africa
$15M0.0%
Climate Solutions Transportation
$15M—

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Other financials

Income statement

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Revenue$5.3B+2.4%
Gross profit$1.5B+15.9%
Operating income$259.0M-58.8%
Net income$238.0M-42.2%
EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%
Total debt$12.8B+9.6%
Total equity$13.8B-2.8%
Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%
CapEx$94.0M+49.2%
Free cash flow-$15.0M-104%

Valuation

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Market cap$63.12B+4.5%
Enterprise value$74.6B+5.9%
P/E48.2×+37.7×
P/S2.9×+0.2×

Profitability

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Gross margin26.6%-0.6pp
Operating margin8.2%-4.7pp
Net margin6%-19.8pp
FCF margin7.7%—

Returns & leverage

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Return on equity9.4%-34.7pp
Debt / equity0.9×+0.1×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Carrier Global in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Carrier Global’s 10-K, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.