Analyzing R&D Budgets: Intuit Inc. vs Fortive Corporation

A Decade of Innovation: Intuit Inc. vs Fortive Corporation

In the ever-evolving landscape of technology and industrial solutions, research and development (R&D) budgets are a testament to a company's commitment to innovation. Over the past decade, Intuit Inc. and Fortive Corporation have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Intuit Inc. has consistently increased its R&D spending, with a remarkable 235% growth, peaking at $2.54 billion in 2023. This surge underscores Intuit's dedication to enhancing its financial software offerings. In contrast, Fortive Corporation's R&D expenses have shown a more modest fluctuation, with a peak in 2019 and a slight decline thereafter. The data for 2024 is incomplete, but the trend suggests Intuit's continued dominance in R&D investment. This analysis highlights the strategic priorities of these industry giants, with Intuit focusing heavily on innovation to maintain its competitive edge.