Deere & Company or Carlisle Companies Incorporated: Who Invests More in Innovation?

Innovation Investment: A Tale of Two Giants

In the world of industrial innovation, few names stand as tall as Deere & Company and Carlisle Companies Incorporated. Over the past decade, these two titans have shown markedly different approaches to research and development (R&D) investment. Deere & Company, a leader in agricultural machinery, has consistently outpaced Carlisle in R&D spending, investing nearly 40 times more annually. From 2014 to 2023, Deere's R&D expenses grew by approximately 50%, peaking in 2023 with a staggering 2.18 billion dollars. In contrast, Carlisle's investment remained relatively stable, with a slight dip in 2023 to 28.7 million dollars. This disparity highlights Deere's commitment to innovation, crucial for maintaining its competitive edge in a rapidly evolving market. As we look to the future, the question remains: will Carlisle ramp up its innovation efforts to close the gap, or will Deere continue to dominate the innovation landscape?