Comparing Innovation Spending: Westinghouse Air Brake Technologies Corporation and Stanley Black & Decker, Inc.

R&D Spending: Stanley Black & Decker vs. Westinghouse

__timestampStanley Black & Decker, Inc.Westinghouse Air Brake Technologies Corporation
Wednesday, January 1, 201417460000061886000
Thursday, January 1, 201518800000071213000
Friday, January 1, 201620440000071375000
Sunday, January 1, 201725230000095166000
Monday, January 1, 201827580000087450000
Tuesday, January 1, 2019240800000209900000
Wednesday, January 1, 2020200000000162100000
Friday, January 1, 2021276300000176000000
Saturday, January 1, 2022357400000209000000
Sunday, January 1, 2023362000000218000000
Monday, January 1, 20240206000000
Loading chart...

Data in motion

Innovation Investment: A Tale of Two Giants

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, Stanley Black & Decker, Inc. and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Stanley Black & Decker consistently outpaced its counterpart, with R&D expenses growing by over 100%, peaking in 2023. In contrast, Westinghouse Air Brake Technologies saw a more modest increase of approximately 250% during the same period. Notably, 2019 marked a significant year for Westinghouse, with a dramatic surge in R&D spending, nearly tripling from the previous year. This data underscores the strategic priorities of these industrial titans, highlighting Stanley Black & Decker's aggressive innovation strategy compared to Westinghouse's more measured approach.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025