Trane Technologies plc or Cummins Inc.: Who Invests More in Innovation?

Cummins vs. Trane: R&D Investment Showdown

__timestamp	Cummins Inc.	Trane Technologies plc
Wednesday, January 1, 2014	754000000	212300000
Thursday, January 1, 2015	735000000	205900000
Friday, January 1, 2016	636000000	207900000
Sunday, January 1, 2017	752000000	210800000
Monday, January 1, 2018	902000000	228700000
Tuesday, January 1, 2019	1001000000	174200000
Wednesday, January 1, 2020	906000000	165000000
Friday, January 1, 2021	1090000000	193500000
Saturday, January 1, 2022	1278000000	211200000
Sunday, January 1, 2023	1500000000	252300000
Monday, January 1, 2024	1463000000	0

Unveiling the hidden dimensions of data

Innovation Investment: A Tale of Two Giants

In the competitive landscape of industrial innovation, Cummins Inc. and Trane Technologies plc stand out as leaders. Over the past decade, Cummins has consistently outpaced Trane in research and development (R&D) spending. In 2023, Cummins invested nearly six times more in R&D than Trane, highlighting its commitment to innovation. This trend has been evident since 2014, with Cummins increasing its R&D expenses by approximately 99% over the years, while Trane's growth was more modest at around 19%.

This significant investment by Cummins underscores its strategic focus on developing cutting-edge technologies and maintaining its competitive edge. Meanwhile, Trane's steady investment reflects its targeted approach to innovation, ensuring sustainable growth. As these companies continue to evolve, their R&D strategies will play a crucial role in shaping the future of industrial technology.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025