SMAWFSMAWFOTC
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Research and development spending
3Y CAGR
+5.5%/yr
vs +0.1%/yr prior
5Y CAGR
+7.3%/yr
Consistent
Acceleration
+5.3pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.4x
Solid growth
Streak
5 yr
Consecutive growthStable
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $6.56B | +4.5% |
| 2024 | $6.28B | +1.5% |
| 2023 | $6.18B | +10.6% |
| 2022 | $5.59B | +15.1% |
| 2021 | $4.86B | +5.6% |
| 2020 | $4.60B | -18.9% |
| 2019 | $5.67B | +2.0% |
| 2018 | $5.56B | +7.6% |
| 2017 | $5.16B | +9.1% |
| 2016 | $4.73B | - |