Company / R&D Expense
Stepan Company R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$34.8M
FY2025
5-year range
$33.5M / $40.9M
FY2021-FY2025
Trend
+3.7%
vs FY2024
Sector context
#34 of 51
Materials
What the data says
At $35M, Stepan Company's r&d expense ranks #34 of 51 in the Materials sector. R&D Expense returned to growth in FY2025 after 2 years of decline, reaching $35M.
Based on SEC 10-K filings.
$35M in FY2025 with a 5-year CAGR of -0.7%.
Declined from $36M to $35M over the past 2 years.
Materials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -5.2%
- 5-Year CAGR
- -0.7%
- 10-Year CAGR
- -
Sector benchmark
#34 of 51 in MaterialsTop 67% of 51This company $34.8M Sector average $135.2M
▼
-74.3% below sector average
Key checks
Key Insights
- 5-year CAGR of -0.7%, indicating a declining trend.
- In FY2025, r&d expense increased 3.7% year-over-year.
- Ranks #34 out of 51 companies in the Materials sector.
- Peak r&d expense was recorded in FY2022.
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 | $34.8M | +3.7% |
| FY2024 | $33.5M | -6.1% |
| FY2023 | $35.7M | -12.6% |
| FY2022 | $40.9M | +5.5% |
| FY2021 | $38.8M | +7.7% |
| FY2020 | $36.0M | +5.4% |
| FY2019 | $34.1M | +1.8% |
| FY2018 | $33.5M | +1.1% |
| FY2017 | $33.2M | -4.8% |
| FY2016 | $34.9M | +15.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026