Comparing Innovation Spending: Westinghouse Air Brake Technologies Corporation and Pentair plc

Diverging R&D Paths: Westinghouse vs. Pentair

__timestampPentair plcWestinghouse Air Brake Technologies Corporation
Wednesday, January 1, 201411730000061886000
Thursday, January 1, 201511960000071213000
Friday, January 1, 201611410000071375000
Sunday, January 1, 201711580000095166000
Monday, January 1, 20187670000087450000
Tuesday, January 1, 201978900000209900000
Wednesday, January 1, 202075700000162100000
Friday, January 1, 202185900000176000000
Saturday, January 1, 202292200000209000000
Sunday, January 1, 202399800000218000000
Monday, January 1, 202493600000206000000
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Infusing magic into the data realm

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, Westinghouse Air Brake Technologies Corporation and Pentair plc have demonstrated contrasting approaches to R&D investment.

From 2014 to 2023, Westinghouse Air Brake Technologies Corporation increased its R&D expenses by approximately 252%, peaking in 2023. This surge underscores their strategic focus on technological advancements in the transportation sector. In contrast, Pentair plc's R&D spending saw a decline of about 15% over the same period, reflecting a more conservative approach in the water solutions industry.

These trends highlight the differing priorities and market strategies of these two industrial giants, offering valuable insights into their future trajectories. As innovation continues to drive competitive advantage, understanding these spending patterns is crucial for investors and industry analysts alike.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025