Comparing Innovation Spending: Lennox International Inc. and CNH Industrial N.V.

R&D Spending: CNH vs. Lennox - A Decade of Innovation

__timestampCNH Industrial N.V.Lennox International Inc.
Wednesday, January 1, 2014110600000060700000
Thursday, January 1, 201585600000062300000
Friday, January 1, 201686000000064599999
Sunday, January 1, 201795700000073600000
Monday, January 1, 2018106100000072200000
Tuesday, January 1, 2019103000000069900000
Wednesday, January 1, 202093200000066800000
Friday, January 1, 2021123600000076100000
Saturday, January 1, 202286600000080300000
Sunday, January 1, 2023104100000094000000
Monday, January 1, 20240
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Unleashing insights

Innovation Spending: A Tale of Two Companies

In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, CNH Industrial N.V. and Lennox International Inc. have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, CNH Industrial consistently allocated a significant portion of its resources to R&D, peaking in 2021 with a 24% increase from the previous year. In contrast, Lennox International's R&D spending, while steadily increasing, remains a fraction of CNH's, with its highest expenditure in 2023, marking a 55% rise since 2014.

This disparity highlights CNH Industrial's aggressive pursuit of innovation, while Lennox International adopts a more conservative strategy. As we look to the future, these trends may shape the competitive dynamics within their respective industries, underscoring the importance of strategic investment in innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025