Westinghouse Air Brake Technologies Corporation or Xylem Inc.: Who Invests More in Innovation?

Innovation Investment: Westinghouse vs. Xylem

__timestampWestinghouse Air Brake Technologies CorporationXylem Inc.
Wednesday, January 1, 201461886000104000000
Thursday, January 1, 20157121300095000000
Friday, January 1, 201671375000110000000
Sunday, January 1, 201795166000180000000
Monday, January 1, 201887450000189000000
Tuesday, January 1, 2019209900000191000000
Wednesday, January 1, 2020162100000187000000
Friday, January 1, 2021176000000204000000
Saturday, January 1, 2022209000000206000000
Sunday, January 1, 2023218000000232000000
Monday, January 1, 2024206000000
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Unveiling the hidden dimensions of data

Innovation Race: Westinghouse Air Brake Technologies vs. Xylem Inc.

In the ever-evolving landscape of industrial innovation, two giants, Westinghouse Air Brake Technologies Corporation and Xylem Inc., have been vying for supremacy. Over the past decade, from 2014 to 2023, these companies have consistently invested in research and development (R&D) to stay ahead of the curve.

A Decade of Investment

Xylem Inc. has shown a steady increase in R&D spending, peaking in 2023 with a 123% rise from 2014. Meanwhile, Westinghouse Air Brake Technologies has also ramped up its investment, achieving a 252% increase over the same period. Notably, in 2023, Xylem Inc. outpaced its rival with a 6% higher R&D expenditure.

The Future of Innovation

As these companies continue to push the boundaries of technology, their commitment to innovation will likely shape the future of their respective industries, setting new standards for excellence and sustainability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025