Research and Development: Comparing Key Metrics for Graco Inc. and CNH Industrial N.V.

The Evolution of R&D Investments: Graco Inc. vs. CNH Industrial N.V.

In the competitive landscape of industrial innovation, research and development (R&D) spending is a critical metric. Over the past decade, CNH Industrial N.V. has consistently outpaced Graco Inc. in R&D investments. From 2014 to 2023, CNH Industrial's R&D expenses averaged around 1 billion USD annually, peaking in 2021 with a 24% increase from 2016. In contrast, Graco Inc.'s R&D spending, while steadily increasing, averaged approximately 70 million USD, with a notable 52% growth from 2014 to 2023.

This disparity highlights CNH Industrial's aggressive strategy in innovation, potentially driving its market leadership. Meanwhile, Graco Inc.'s consistent growth in R&D spending reflects a more conservative yet steady approach. As we look to 2024, Graco Inc. continues its upward trend, while CNH Industrial's data remains to be seen, leaving room for speculation on future strategies.