Research and Development Expenses Breakdown: Ingersoll Rand Inc. vs Westinghouse Air Brake Technologies Corporation

A Decade of Innovation: R&D Spending Trends

In the ever-evolving landscape of industrial technology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Ingersoll Rand Inc. and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting approaches to R&D investment.

From 2014 to 2023, Westinghouse Air Brake Technologies consistently outpaced Ingersoll Rand, with R&D expenses peaking at 218% higher in 2023. This trend underscores Westinghouse's aggressive pursuit of technological advancements. Meanwhile, Ingersoll Rand's R&D spending grew steadily, culminating in a 315% increase over the same period.

These figures highlight the strategic priorities of each company. While Westinghouse focuses on maintaining its technological edge, Ingersoll Rand is ramping up its efforts to close the gap. As the industrial sector continues to innovate, these investments will likely shape the future of both companies.