Company / R&D Expense
AMERICAN VANGUARD CORP R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$23.2M
FY2025
5-year range
$23.2M / $38.0M
FY2021-FY2025
Trend
-29.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $19M in FY2017 to $38M in FY2023.
Based on SEC 10-K filings.
$23M in FY2025 with a 5-year CAGR of -2.6%.
Declined from $38M to $23M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -10.0%
- 5-Year CAGR
- -2.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -2.6%, indicating a declining trend.
- In FY2025, r&d expense decreased 29.1% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $23.2M | -29.1% |
| FY2024 | $32.7M | -14.1% |
| FY2023 | $38.0M | +19.5% |
| FY2022 | $31.8M | +10.3% |
| FY2021 | $28.9M | +9.2% |
| FY2020 | $26.4M | +1.3% |
| FY2019 | $26.1M | -1.3% |
| FY2018 | $26.4M | +38.3% |
| FY2017 | $19.1M | -9.9% |
| FY2016 | $21.2M | +10.9% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026