| __timestamp | Parker-Hannifin Corporation | Roper Technologies, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 410132000 | 147900000 |
| Thursday, January 1, 2015 | 403085000 | 164200000 |
| Friday, January 1, 2016 | 359796000 | 195400000 |
| Sunday, January 1, 2017 | 336675000 | 281100000 |
| Monday, January 1, 2018 | 327877000 | 317000000 |
| Tuesday, January 1, 2019 | 294852000 | 339100000 |
| Wednesday, January 1, 2020 | 293837000 | 423600000 |
| Friday, January 1, 2021 | 259039000 | 484800000 |
| Saturday, January 1, 2022 | 191000000 | 529799999 |
| Sunday, January 1, 2023 | 258000000 | 646100000 |
| Monday, January 1, 2024 | 298000000 | 0 |
Igniting the spark of knowledge
In the competitive landscape of industrial innovation, Parker-Hannifin Corporation and Roper Technologies, Inc. have been pivotal players. Over the past decade, these companies have demonstrated contrasting approaches to research and development (R&D) spending.
From 2014 to 2023, Parker-Hannifin's R&D expenses have seen a significant decline, dropping by approximately 37% from their peak in 2014. This trend suggests a strategic shift, possibly towards optimizing existing technologies or reallocating resources to other areas.
Conversely, Roper Technologies has consistently increased its R&D investment, with a remarkable 337% growth from 2014 to 2023. This upward trajectory underscores Roper's commitment to innovation and its focus on expanding technological capabilities.
As we look to the future, these spending patterns may influence each company's market position and technological advancements.
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