R&D Spending Showdown: Fortive Corporation vs Western Digital Corporation

Fortive vs Western Digital: R&D Spending Trends Unveiled

__timestampFortive CorporationWestern Digital Corporation
Wednesday, January 1, 20143876000001661000000
Thursday, January 1, 20153777000001646000000
Friday, January 1, 20163848000001627000000
Sunday, January 1, 20174060000002441000000
Monday, January 1, 20184143000002400000000
Tuesday, January 1, 20194567000002182000000
Wednesday, January 1, 20203207000002261000000
Friday, January 1, 20213548000002243000000
Saturday, January 1, 20224015000002323000000
Sunday, January 1, 20233978000002009000000
Monday, January 1, 20244140000001907000000
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Igniting the spark of knowledge

R&D Spending: A Tale of Two Giants

In the ever-evolving tech landscape, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Fortive Corporation and Western Digital Corporation have showcased contrasting R&D investment strategies. From 2014 to 2023, Western Digital consistently outpaced Fortive, with R&D expenses peaking at over $2.4 billion in 2017, nearly six times Fortive's highest expenditure in 2019. However, Fortive's R&D spending showed a steady increase, peaking at $456 million in 2019, reflecting a 20% growth from 2014. Interestingly, both companies experienced a dip in 2023, with Western Digital's expenses dropping to $2 billion and Fortive's to $398 million. This trend highlights the dynamic nature of tech investments and the strategic shifts companies make in response to market demands and technological advancements.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025