Analyzing R&D Budgets: Stanley Black & Decker, Inc. vs Avery Dennison Corporation

A Decade of Innovation: R&D Spending Trends

In the competitive landscape of industrial manufacturing, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Stanley Black & Decker, Inc. and Avery Dennison Corporation have demonstrated contrasting approaches to R&D investment.

From 2014 to 2023, Stanley Black & Decker consistently outpaced Avery Dennison in R&D spending, with an average annual expenditure nearly 2.5 times higher. Notably, Stanley Black & Decker's R&D budget surged by over 100% from 2014 to 2023, peaking at $362 million in 2023. In contrast, Avery Dennison's R&D investment grew by approximately 32% over the same period, reaching $136 million in 2023.

These figures highlight Stanley Black & Decker's aggressive strategy to maintain its competitive edge, while Avery Dennison adopts a more conservative approach, focusing on steady, incremental innovation.