Who Prioritizes Innovation? R&D Spending Compared for Deere & Company and Graco Inc.

Innovation in Focus: A Comparative Analysis of R&D Spending

In the ever-evolving landscape of industrial innovation, the commitment to research and development (R&D) is a key indicator of a company's dedication to future growth. Over the past decade, Deere & Company and Graco Inc. have demonstrated contrasting approaches to R&D investment.

Deere & Company, a leader in agricultural machinery, has consistently prioritized innovation, with R&D spending increasing by approximately 58% from 2014 to 2024. This upward trend underscores Deere's strategic focus on technological advancements to maintain its competitive edge. In contrast, Graco Inc., a manufacturer of fluid handling systems, has shown a more modest increase of around 61% in the same period.

While both companies have shown commitment to innovation, Deere & Company's substantial investment highlights its aggressive pursuit of technological leadership in the industry. This comparison offers valuable insights into how different companies allocate resources to drive innovation and growth.