Analyzing R&D Budgets: RTX Corporation vs Verisk Analytics, Inc.

A Decade of Innovation: R&D Spending Trends

In the ever-evolving landscape of technology and analytics, research and development (R&D) budgets are a key indicator of a company's commitment to innovation. Over the past decade, RTX Corporation and Verisk Analytics, Inc. have demonstrated contrasting approaches to R&D investment.

RTX Corporation, a leader in aerospace and defense, consistently allocated a significant portion of its resources to R&D, with expenditures peaking at approximately $2.9 billion in 2024. This represents a steady increase of around 11% from 2014. In contrast, Verisk Analytics, Inc., a data analytics powerhouse, showed a more volatile R&D spending pattern. Notably, in 2023, Verisk's R&D expenses surged to over $200 million, marking a dramatic increase of nearly 400% from its 2014 levels.

These trends highlight the strategic priorities of each company, with RTX focusing on sustained innovation and Verisk making significant leaps in recent years. Missing data for 2024 suggests ongoing developments in Verisk's R&D strategy.