Highest R&D Intensity
Companies ranked by R&D spending as a percentage of revenue, indicating focus on innovation and future growth. Top 50 S&P 500 companies ranked by r&d intensity.
Top 50 by R&D Intensity
| # | Company | Sector | R&D Intensity |
|---|---|---|---|
| 1 | INCYIncyte | Health Care | 39.9% |
| 2 | OUSTOuster, Inc. | Industrials | 38.5% |
| 3 | BFLYButterfly Network, Inc. | Health Care | 37.1% |
| 4 | TXG10x Genomics, Inc. | Health Care | 37.1% |
| 5 | GHGuardant Health, Inc. | Health Care | 37.1% |
| 6 | HTFLHeartflow, Inc. | Health Care | 36.9% |
| 7 | FROGJFrog Ltd | Information Technology | 36.7% |
| 8 | SITMSiTime | Information Technology | 36.4% |
| 9 | LSCCLattice Semiconductor | Information Technology | 35.9% |
| 10 | MIRMMirum Pharmaceuticals, Inc. | Health Care | 35.7% |
| 11 | ALABAstera Labs, Inc. | Information Technology | 35.7% |
| 12 | EXELExelixis | Health Care | 35.6% |
| 13 | RDDTReddit, Inc. | Information Technology | 35.6% |
| 14 | ALNYALNYLAM PHARMACEUTICALS, INC. | Health Care | 35.5% |
| 15 | NBIXNeurocrine Biosciences | Health Care | 35.5% |
| 16 | SNPSSynopsys | Information Technology | 35.1% |
| 17 | TBPHTheravance Biopharma, Inc. | Health Care | 34.8% |
| 18 | BBNXBeta Bionics, Inc. | Health Care | 34.7% |
| 19 | PLPlanet Labs PBC | Information Technology | 34.7% |
| 20 | NVCRNovoCure Ltd | Health Care | 34.3% |
| 21 | ADPTAdaptive Biotechnologies Corp | Health Care | 33.9% |
| 22 | PINSPinterest | - | 33.8% |
| 23 | CORTCorcept Therapeutics Incorporated | Health Care | 33.5% |
| 24 | VRTXVertex Pharmaceuticals | Health Care | 32.6% |
| 25 | SSentinelOne, Inc. | Information Technology | 32.3% |
| 26 | IRWDIRONWOOD PHARMACEUTICALS INC | Health Care | 32.1% |
| 27 | RBLXRoblox Corp | Information Technology | 32.1% |
| 28 | TTANServiceTitan, Inc. | Information Technology | 31.5% |
| 29 | RIVNRivian Automotive, Inc. / DE | Consumer Discretionary | 31.0% |
| 30 | ACADAcadia Pharmaceuticals | Health Care | 30.7% |
| 31 | NVAXNOVAVAX INC | Health Care | 30.5% |
| 32 | LGNDLigand Pharmaceuticals, Inc. | Health Care | 30.3% |
| 33 | SNAPSnap Inc | Information Technology | 30.2% |
| 34 | GKOSGlaukos Corp. | Health Care | 29.7% |
| 35 | DUOLDuolingo | Consumer Discretionary | 29.5% |
| 36 | APLSApellis Pharmaceuticals, Inc. | Health Care | 29.5% |
| 37 | MDBMongoDB, Inc. | Information Technology | 29.1% |
| 38 | DBXDropbox | Information Technology | 29.0% |
| 39 | NTNXNutanix | Information Technology | 29.0% |
| 40 | HUBSHUBSPOT INC | Information Technology | 28.9% |
| 41 | GTLBGitlab Inc. | Information Technology | 28.7% |
| 42 | AXSMAxsome Therapeutics, Inc. | Health Care | 28.7% |
| 43 | BMRNBioMarin Pharmaceutical | Health Care | 28.6% |
| 44 | METAMeta Platforms | Communication Services | 28.5% |
| 45 | AMPLAmplitude, Inc. | Information Technology | 28.4% |
| 46 | PIImpinj, Inc. | Information Technology | 28.4% |
| 47 | RBRKRubrik, Inc. | Information Technology | 28.4% |
| 48 | SYKStryker Corporation | Health Care | 27.7% |
| 49 | PCORPROCORE TECHNOLOGIES, INC. | Information Technology | 27.4% |
| 50 | INTAIntapp, Inc. | Information Technology | 27.3% |
Understanding R&D Intensity
R&D intensity measures how much a company invests in research and development relative to its revenue. Higher R&D intensity often indicates a focus on innovation and long-term competitive advantage. Tech companies like Intel and Qualcomm typically have 15-25% R&D intensity, while pharmaceutical companies invest 10-20%.
Rankings are based on SEC EDGAR filings. Companies with missing, unreliable, or extreme outlier values are excluded from this ranking.
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