Research and Development: Comparing Key Metrics for Snap-on Incorporated and Carlisle Companies Incorporated

A Tale of Two Innovators: Snap-on vs. Carlisle

In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, Snap-on Incorporated and Carlisle Companies Incorporated have demonstrated contrasting approaches to R&D investment.

From 2014 to 2023, Snap-on consistently allocated a higher percentage of its resources to R&D, peaking in 2014 with a 66% higher investment than Carlisle. Despite fluctuations, Snap-on maintained a steady commitment, with a notable 31% increase in 2023 compared to 2022. In contrast, Carlisle's R&D spending saw a significant decline in 2023, dropping by 44% from its 2019 peak.

These trends highlight Snap-on's strategic focus on innovation, while Carlisle's recent reduction may suggest a shift in priorities. As the industrial sector continues to evolve, these R&D investments will play a crucial role in shaping the future of both companies.