Who Prioritizes Innovation? R&D Spending Compared for Snap-on Incorporated and Stanley Black & Decker, Inc.

R&D Spending: Snap-on vs. Stanley Black & Decker

__timestampSnap-on IncorporatedStanley Black & Decker, Inc.
Wednesday, January 1, 201466000000174600000
Thursday, January 1, 201549300000188000000
Friday, January 1, 201653400000204400000
Sunday, January 1, 201760900000252300000
Monday, January 1, 201861200000275800000
Tuesday, January 1, 201959100000240800000
Wednesday, January 1, 202057400000200000000
Friday, January 1, 202161100000276300000
Saturday, January 1, 202260100000357400000
Sunday, January 1, 202364700000362000000
Monday, January 1, 202400
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Unlocking the unknown

Innovation in Focus: A Tale of Two Companies

In the competitive landscape of industrial tools, innovation is a key differentiator. Snap-on Incorporated and Stanley Black & Decker, Inc. have been at the forefront of this race, investing significantly in research and development (R&D) over the past decade. From 2014 to 2023, Stanley Black & Decker consistently outspent Snap-on, with R&D expenses peaking at $362 million in 2023, a 107% increase from 2014. In contrast, Snap-on's R&D spending showed a more modest growth, reaching $64.7 million in 2023, a 2% decrease from its 2014 peak. This disparity highlights Stanley Black & Decker's aggressive push towards innovation, potentially positioning them as a leader in technological advancements. As the industry evolves, these investments could play a pivotal role in shaping the future of industrial tools and equipment.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025