CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies that spend the most on research and development — page 3

Ranks 201–300 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
201F5FFIVUSTechnology$540M+10.1%
202Trade DeskTTDUSTechnology$525M+13.3%
203Rio TintoRIOGBMaterials$524M+31.7%
204Arcus BiosciencesRCUSUSHealthcare$523M+16.7%
205Exact SciencesEXASUSHealthcare$523M+21.3%
206TextronTXTUSIndustrials$521M+6.1%
207Lakefront BiotherapeuticsLKFTBEHealthcare$519M+43.0%
208Baxter InternationalBAXUSHealthcare$518M−12.2%
209GlobalfoundriesGFSUSTechnology$518M+4.4%
210Akamai TechnologiesAKAMUSTechnology$514M+9.1%
211CloudflareNETUSTechnology$512M+21.6%
212NetskopeNTSKUSTechnology$509M+100.3%
213SS&C TechnologiesSSNCUSTechnology$508M−2.0%
214BilibiliBILICNTechnology$505M+0.1%
215TeradyneTERUSTechnology$505M+9.5%
216DynatraceDTUSTechnology$474M+23.3%
217British American Tobacco P.L.CBTIGBConsumer staples$472M−2.8%
218Zimmer BiometZBHUSHealthcare$459M+4.8%
219PTCPTCUSTechnology$458M+5.7%
220Check Point Software TechnologiesCHKPUSTechnology$457M+15.6%
221PTC TherapeuticsPTCTUSHealthcare$455M−14.8%
222Agilent TechnologiesAUSTechnology$455M−5.0%
223Royalty PharmaRPRXUSHealthcare$452M+22,500.0%
224Bridgebio PharmaBBIOUSHealthcare$452M−10.8%
225ElasticESTCUSTechnology$452M+23.6%
226LyftLYFTUSTechnology$451M+13.7%
227EtsyETSYUSTechnology$450M+1.6%
228Match GroupMTCHUSTechnology$450M+1.7%
229Minimed GroupMMEDUSHealthcare$448M+2.8%
230PPG IndustriesPPGUSMaterials$446M−0.2%
231PACCARPCARUSConsumer discretionary$446M−1.6%
232Vertiv HoldingsVRTUSTechnology$442M+20.2%
233Cirrus LogicCRUSUSTechnology$434M−0.2%
234Grab HoldingsGRABSGTechnology$428M+4.4%
235ChevronCVXUSEnergy$427M+21.0%
236Playtika HoldingPLTKILTechnology$427M+5.9%
237HaleonHLNGBConsumer staples$417M+9.4%
238Legend BiotechLEGNUSHealthcare$415M+0.3%
239AutolivALVUSConsumer discretionary$413M+3.8%
240HalliburtonHALUSEnergy$411M−3.5%
241Beam TherapeuticsBEAMUSHealthcare$410M+11.4%
242Gen DigitalGENUSTechnology$409M+24.3%
243Mondelez InternationalMDLZUSConsumer staples$400M0.0%
244BrukerBRKRUSTechnology$395M+5.0%
245Madrigal PharmaceuticalsMDGLUSHealthcare$389M+64.1%
246AdientADNTIEConsumer discretionary$387M+4.0%
247HasbroHASUSConsumer discretionary$386M+31.1%
248UipathPATHUSTechnology$385M+1.2%
249Monolithic Power SystemsMPWRUSTechnology$382M+17.7%
250KenvueKVUEUSConsumer staples$382M−6.4%
251SynapticsSYNAUSTechnology$382M+10.1%
252Goodyear Tire & RubberGTUSMaterials$380M−10.8%
253AgcoAGCOUSIndustrials$375M−1.8%
254ToastTOSTUSTechnology$374M+6.6%
255RubrikRBRKUSTechnology$374M−29.7%
256PolarisPIIUSIndustrials$372M+10.4%
257Bausch & LombBLCOCAHealthcare$371M+8.2%
258WhirlpoolWHRUSConsumer discretionary$370M−8.6%
259Align TechnologyALGNUSHealthcare$370M+1.6%
260Ke HoldingsBEKECNReal estate$369M+18.0%
261Hinge HealthHNGEUSTechnology$368M+265.1%
262SharkninjaSNUSConsumer discretionary$368M+7.8%
263Elanco Animal HealthELANUSHealthcare$368M+7.0%
264Colgate PalmoliveCLUSConsumer staples$366M+3.1%
265OrganonOGNUSHealthcare$366M−22.0%
266Guardant HealthGHUSHealthcare$364M+4.7%
267Procore TechnologiesPCORUSTechnology$362M+15.8%
268NiceNICEILTechnology$360M−0.0%
269Lumentum HoldingsLITEUSTechnology$357M+17.3%
270Robinhood MarketsHOODUSFinancials$355M+9.9%
271Qnity ElectronicsQUSTechnology$354M+12.7%
272Silicon LaboratoriesSLABUSTechnology$353M+6.3%
273EquinorEQNRNOEnergy$352M+1.1%
274CoreWeaveCRWVUSTechnology$352M+528.6%
275Trane TechnologiesTTIETechnology$348M+12.3%
276SamsaraIOTUSTechnology$345M+15.0%
277Venture GlobalVGUSUtilities$344M−45.8%
278Ascendis PharmaASNDDKHealthcare$343M+3.2%
279NovavaxNVAXUSHealthcare$342M−12.5%
280Bill HoldingsBILLUSTechnology$340M+1.0%
281ArcelormittalMTLUMaterials$335M+17.5%
282ResmedRMDUSHealthcare$331M+7.7%
283EntegrisENTGUSMaterials$329M+4.1%
284Acadia PharmaceuticalsACADUSHealthcare$329M+8.4%
285Kimberly ClarkKMBUSMaterials$326M−0.6%
286WeiboWBCNTechnology$324M+5.0%
287AlkermesALKSIEHealthcare$324M+32.1%
288SentineloneSUSTechnology$324M+21.3%
289Stanley Black & DeckerSWKUSIndustrials$321M−2.3%
290Monday.comMNDYILTechnology$321M+50.1%
291Teledyne TechnologiesTDYUSIndustrials$317M+8.4%
292RingcentralRNGUSTechnology$317M−3.7%
293Logitech InternationalLOGIUSTechnology$316M+2.3%
294Ideaya BiosciencesIDYAUSHealthcare$315M+6.8%
295Remitly GlobalRELYUSTechnology$314M+16.3%
296PegasystemsPEGAUSTechnology$313M+4.9%
297BRPDOOCAIndustrials$311M+8.9%
298Bentley SystemsBSYUSTechnology$308M+9.4%
299DuolingoDUOLUSTechnology$306M+30.2%
300IonqIONQUSTechnology$306M+123.4%

All figures from SEC filings · FY2025 · 100

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