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R&D Expense Growth Trend
Below historical average, strong compound growth.
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Year-over-year research & development expense growth
Latest
8.92%
↓ 16% below average
Average (9y)
10.63%
Historical baseline
Range
High:23.87%
Low:0.44%
CAGR
+39.6%
Consistent expansion
| Period | Value |
|---|---|
| 2024 | 8.92% |
| 2023 | 9.36% |
| 2022 | 11.25% |
| 2021 | 11.09% |
| 2020 | 9.37% |
| 2019 | 18.78% |
| 2018 | 23.87% |
| 2017 | 8.11% |
| 2016 | 5.08% |
| 2015 | 0.44% |