HLUN-A.COHLUN-A.COCPH
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R&D Expenses Over TimeStrong
Percentile Rank93
3Y CAGR+7.8%
5Y CAGR+0.7%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+7.8%/yr
vs +3.5%/yr prior
5Y CAGR
+0.7%/yr
Recent acceleration
Acceleration
+4.3pp
Accelerating
Percentile
P93
Near historical high
vs 5Y Ago
1x
Modest growth
Streak
2 yr
Consecutive growthStrong
PeriodValueYoY Change
2025$4.70B+4.4%
2024$4.50B+30.2%
2023$3.46B-7.9%
2022$3.75B-1.8%
2021$3.82B-15.9%
2020$4.54B+45.9%
2019$3.12B-4.9%
2018$3.28B+21.1%
2017$2.71B-8.8%
2016$2.97B-