{
 "name": "R&D as a percentage of revenue by industry",
 "url": "https://sgabenchmarking.com/benchmarks/rd-percent-of-revenue/",
 "question": "R&D as a percentage of revenue by industry",
 "line": "research_dev",
 "answer": "Across 81 US public companies in 19 sectors, disclosed R&D runs 0.1% to 23.6% of revenue, median 1.5%. Among sectors with at least three filers, the heaviest is Leisure at a median of 4.4% and the leanest is Packaging & Containers at 0.3%. From each company's latest 10-K; updated September 2026.",
 "asOf": "2026-09-03",
 "sectors": [
  {
   "sector": "Staffing & Employment Services",
   "companies": 1,
   "min": 23.6,
   "median": 23.6,
   "max": 23.6
  },
  {
   "sector": "Consulting Services",
   "companies": 2,
   "min": 1.3,
   "median": 5.4,
   "max": 9.5
  },
  {
   "sector": "Leisure",
   "companies": 4,
   "min": 1.4,
   "median": 4.4,
   "max": 7.2
  },
  {
   "sector": "Renewable Utilities",
   "companies": 8,
   "min": 1.1,
   "median": 3.7,
   "max": 8.1
  },
  {
   "sector": "Environmental Services",
   "companies": 3,
   "min": 1.3,
   "median": 3.1,
   "max": 5.3
  },
  {
   "sector": "Aerospace & Defense",
   "companies": 8,
   "min": 0.2,
   "median": 2.3,
   "max": 4.0
  },
  {
   "sector": "Consumer durables and housewares",
   "companies": 6,
   "min": 0.5,
   "median": 2.2,
   "max": 3.1
  },
  {
   "sector": "Railroads",
   "companies": 5,
   "min": 0.7,
   "median": 2.0,
   "max": 4.8
  },
  {
   "sector": "Tools and industrial",
   "companies": 7,
   "min": 1.4,
   "median": 2.0,
   "max": 3.7
  },
  {
   "sector": "Building products",
   "companies": 7,
   "min": 0.4,
   "median": 1.5,
   "max": 3.2
  },
  {
   "sector": "Branded household and personal care",
   "companies": 7,
   "min": 0.8,
   "median": 1.3,
   "max": 2.6
  },
  {
   "sector": "Apparel and footwear",
   "companies": 1,
   "min": 1.3,
   "median": 1.3,
   "max": 1.3
  },
  {
   "sector": "Conglomerates",
   "companies": 2,
   "min": 0.9,
   "median": 1.1,
   "max": 1.2
  },
  {
   "sector": "Packaged-food",
   "companies": 9,
   "min": 0.3,
   "median": 1.0,
   "max": 1.7
  },
  {
   "sector": "Steel",
   "companies": 1,
   "min": 0.9,
   "median": 0.9,
   "max": 0.9
  },
  {
   "sector": "Tobacco",
   "companies": 4,
   "min": 0.1,
   "median": 0.7,
   "max": 2.5
  },
  {
   "sector": "Manufacturing - Metal Fabrication",
   "companies": 1,
   "min": 0.5,
   "median": 0.5,
   "max": 0.5
  },
  {
   "sector": "Furnishings, Fixtures & Appliances",
   "companies": 1,
   "min": 0.5,
   "median": 0.5,
   "max": 0.5
  },
  {
   "sector": "Packaging & Containers",
   "companies": 4,
   "min": 0.2,
   "median": 0.3,
   "max": 1.5
  }
 ],
 "companies": [
  {
   "company": "AMETEK, Inc.",
   "ticker": "AME",
   "sector": "Renewable Utilities",
   "pctRevenue": 3.19,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 7401.1,
   "briefing": "https://sgabenchmarking.com/r/AME",
   "json": "https://sgabenchmarking.com/r/AME.json"
  },
  {
   "company": "A.O. Smith",
   "ticker": "AOS",
   "sector": "Building products",
   "pctRevenue": 2.48,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 3830.2,
   "briefing": "https://sgabenchmarking.com/r/AOS",
   "json": "https://sgabenchmarking.com/r/AOS.json"
  },
  {
   "company": "ATI Inc.",
   "ticker": "ATI",
   "sector": "Manufacturing - Metal Fabrication",
   "pctRevenue": 0.46,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 4587.4,
   "briefing": "https://sgabenchmarking.com/r/ATI",
   "json": "https://sgabenchmarking.com/r/ATI.json"
  },
  {
   "company": "Avery Dennison Corporation",
   "ticker": "AVY",
   "sector": "Packaging & Containers",
   "pctRevenue": 1.54,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 8855.5,
   "briefing": "https://sgabenchmarking.com/r/AVY",
   "json": "https://sgabenchmarking.com/r/AVY.json"
  },
  {
   "company": "Armstrong World",
   "ticker": "AWI",
   "sector": "Building products",
   "pctRevenue": 1.01,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 1620.8,
   "briefing": "https://sgabenchmarking.com/r/AWI",
   "json": "https://sgabenchmarking.com/r/AWI.json"
  },
  {
   "company": "Acuity",
   "ticker": "AYI",
   "sector": "Building products",
   "pctRevenue": 3.23,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 4345.6,
   "briefing": "https://sgabenchmarking.com/r/AYI",
   "json": "https://sgabenchmarking.com/r/AYI.json"
  },
  {
   "company": "The Boeing Company",
   "ticker": "BA",
   "sector": "Aerospace & Defense",
   "pctRevenue": 4.04,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 89463.0,
   "briefing": "https://sgabenchmarking.com/r/BA",
   "json": "https://sgabenchmarking.com/r/BA.json"
  },
  {
   "company": "Brunswick",
   "ticker": "BC",
   "sector": "Consumer durables and housewares",
   "pctRevenue": 3.15,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 5362.8,
   "briefing": "https://sgabenchmarking.com/r/BC",
   "json": "https://sgabenchmarking.com/r/BC.json"
  },
  {
   "company": "Brady Corporation",
   "ticker": "BRC",
   "sector": "Environmental Services",
   "pctRevenue": 5.28,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 1513.6,
   "briefing": "https://sgabenchmarking.com/r/BRC",
   "json": "https://sgabenchmarking.com/r/BRC.json"
  },
  {
   "company": "BWX Technologies, Inc.",
   "ticker": "BWXT",
   "sector": "Aerospace & Defense",
   "pctRevenue": 0.43,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 3198.4,
   "briefing": "https://sgabenchmarking.com/r/BWXT",
   "json": "https://sgabenchmarking.com/r/BWXT.json"
  },
  {
   "company": "Conagra Brands",
   "ticker": "CAG",
   "sector": "Packaged-food",
   "pctRevenue": 0.52,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 11612.8,
   "briefing": "https://sgabenchmarking.com/r/CAG",
   "json": "https://sgabenchmarking.com/r/CAG.json"
  },
  {
   "company": "Crown Holdings, Inc.",
   "ticker": "CCK",
   "sector": "Packaging & Containers",
   "pctRevenue": 0.27,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 12365.0,
   "briefing": "https://sgabenchmarking.com/r/CCK",
   "json": "https://sgabenchmarking.com/r/CCK.json"
  },
  {
   "company": "Celsius Holdings, Inc.",
   "ticker": "CELH",
   "sector": "Tobacco",
   "pctRevenue": 0.1,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2515.3,
   "briefing": "https://sgabenchmarking.com/r/CELH",
   "json": "https://sgabenchmarking.com/r/CELH.json"
  },
  {
   "company": "Clorox",
   "ticker": "CLX",
   "sector": "Packaged-food",
   "pctRevenue": 1.7,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 7104,
   "briefing": "https://sgabenchmarking.com/r/CLX",
   "json": "https://sgabenchmarking.com/r/CLX.json"
  },
  {
   "company": "Cummins Inc.",
   "ticker": "CMI",
   "sector": "Renewable Utilities",
   "pctRevenue": 4.15,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 33670.0,
   "briefing": "https://sgabenchmarking.com/r/CMI",
   "json": "https://sgabenchmarking.com/r/CMI.json"
  },
  {
   "company": "Coty Inc.",
   "ticker": "COTY",
   "sector": "Branded household and personal care",
   "pctRevenue": 2.09,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 5892.9,
   "briefing": "https://sgabenchmarking.com/r/COTY",
   "json": "https://sgabenchmarking.com/r/COTY.json"
  },
  {
   "company": "Campbell's Company",
   "ticker": "CPB",
   "sector": "Packaged-food",
   "pctRevenue": 0.98,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 10253,
   "briefing": "https://sgabenchmarking.com/r/CPB",
   "json": "https://sgabenchmarking.com/r/CPB.json"
  },
  {
   "company": "Carpenter Technology Corporation",
   "ticker": "CRS",
   "sector": "Steel",
   "pctRevenue": 0.91,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2877.1,
   "briefing": "https://sgabenchmarking.com/r/CRS",
   "json": "https://sgabenchmarking.com/r/CRS.json"
  },
  {
   "company": "Carlisle Companies Incorporated",
   "ticker": "CSL",
   "sector": "Conglomerates",
   "pctRevenue": 0.94,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 5019.9,
   "briefing": "https://sgabenchmarking.com/r/CSL",
   "json": "https://sgabenchmarking.com/r/CSL.json"
  },
  {
   "company": "Donaldson Company, Inc.",
   "ticker": "DCI",
   "sector": "Environmental Services",
   "pctRevenue": 3.09,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2844.9,
   "briefing": "https://sgabenchmarking.com/r/DCI",
   "json": "https://sgabenchmarking.com/r/DCI.json"
  },
  {
   "company": "Deere & Company",
   "ticker": "DE",
   "sector": "Renewable Utilities",
   "pctRevenue": 5.06,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 45684.0,
   "briefing": "https://sgabenchmarking.com/r/DE",
   "json": "https://sgabenchmarking.com/r/DE.json"
  },
  {
   "company": "Deckers Outdoor Corporation",
   "ticker": "DECK",
   "sector": "Apparel and footwear",
   "pctRevenue": 1.26,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 5472.3,
   "briefing": "https://sgabenchmarking.com/r/DECK",
   "json": "https://sgabenchmarking.com/r/DECK.json"
  },
  {
   "company": "Dover Corporation",
   "ticker": "DOV",
   "sector": "Railroads",
   "pctRevenue": 2.04,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 8092.6,
   "briefing": "https://sgabenchmarking.com/r/DOV",
   "json": "https://sgabenchmarking.com/r/DOV.json"
  },
  {
   "company": "Leonardo DRS, Inc.",
   "ticker": "DRS",
   "sector": "Aerospace & Defense",
   "pctRevenue": 3.54,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 3648.0,
   "briefing": "https://sgabenchmarking.com/r/DRS",
   "json": "https://sgabenchmarking.com/r/DRS.json"
  },
  {
   "company": "Ecolab Inc.",
   "ticker": "ECL",
   "sector": "Environmental Services",
   "pctRevenue": 1.26,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 16081.2,
   "briefing": "https://sgabenchmarking.com/r/ECL",
   "json": "https://sgabenchmarking.com/r/ECL.json"
  },
  {
   "company": "Energizer Holdings, Inc.",
   "ticker": "ENR",
   "sector": "Branded household and personal care",
   "pctRevenue": 1.1,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2952.7,
   "briefing": "https://sgabenchmarking.com/r/ENR",
   "json": "https://sgabenchmarking.com/r/ENR.json"
  },
  {
   "company": "Enerpac",
   "ticker": "EPAC",
   "sector": "Tools and industrial",
   "pctRevenue": 2.35,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 616.9,
   "briefing": "https://sgabenchmarking.com/r/EPAC",
   "json": "https://sgabenchmarking.com/r/EPAC.json"
  },
  {
   "company": "Edgewell Personal Care Company",
   "ticker": "EPC",
   "sector": "Branded household and personal care",
   "pctRevenue": 2.59,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2223.5,
   "briefing": "https://sgabenchmarking.com/r/EPC",
   "json": "https://sgabenchmarking.com/r/EPC.json"
  },
  {
   "company": "Fair Isaac Corporation",
   "ticker": "FICO",
   "sector": "Consulting Services",
   "pctRevenue": 9.46,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 1990.9,
   "briefing": "https://sgabenchmarking.com/r/FICO",
   "json": "https://sgabenchmarking.com/r/FICO.json"
  },
  {
   "company": "Flexsteel",
   "ticker": "FLXS",
   "sector": "Consumer durables and housewares",
   "pctRevenue": 0.48,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 441.1,
   "briefing": "https://sgabenchmarking.com/r/FLXS",
   "json": "https://sgabenchmarking.com/r/FLXS.json"
  },
  {
   "company": "L.B. Foster Company",
   "ticker": "FSTR",
   "sector": "Railroads",
   "pctRevenue": 0.67,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 536.4,
   "briefing": "https://sgabenchmarking.com/r/FSTR",
   "json": "https://sgabenchmarking.com/r/FSTR.json"
  },
  {
   "company": "GE Vernova Inc.",
   "ticker": "GEV",
   "sector": "Renewable Utilities",
   "pctRevenue": 3.14,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 38068.0,
   "briefing": "https://sgabenchmarking.com/r/GEV",
   "json": "https://sgabenchmarking.com/r/GEV.json"
  },
  {
   "company": "Graco",
   "ticker": "GGG",
   "sector": "Tools and industrial",
   "pctRevenue": 3.68,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2236.6,
   "briefing": "https://sgabenchmarking.com/r/GGG",
   "json": "https://sgabenchmarking.com/r/GGG.json"
  },
  {
   "company": "General Mills",
   "ticker": "GIS",
   "sector": "Packaged-food",
   "pctRevenue": 1.32,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 19486.6,
   "briefing": "https://sgabenchmarking.com/r/GIS",
   "json": "https://sgabenchmarking.com/r/GIS.json"
  },
  {
   "company": "Acushnet Holdings Corp.",
   "ticker": "GOLF",
   "sector": "Leisure",
   "pctRevenue": 2.99,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 2558.7,
   "briefing": "https://sgabenchmarking.com/r/GOLF",
   "json": "https://sgabenchmarking.com/r/GOLF.json"
  },
  {
   "company": "Graphic Packaging Holding Company",
   "ticker": "GPK",
   "sector": "Packaging & Containers",
   "pctRevenue": 0.22,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 8617.0,
   "briefing": "https://sgabenchmarking.com/r/GPK",
   "json": "https://sgabenchmarking.com/r/GPK.json"
  },
  {
   "company": "Hasbro, Inc.",
   "ticker": "HAS",
   "sector": "Leisure",
   "pctRevenue": 7.19,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 5365.9,
   "briefing": "https://sgabenchmarking.com/r/HAS",
   "json": "https://sgabenchmarking.com/r/HAS.json"
  },
  {
   "company": "HEICO Corporation",
   "ticker": "HEI",
   "sector": "Railroads",
   "pctRevenue": 2.7,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 4485.0,
   "briefing": "https://sgabenchmarking.com/r/HEI",
   "json": "https://sgabenchmarking.com/r/HEI.json"
  },
  {
   "company": "Helen of Troy",
   "ticker": "HELE",
   "sector": "Consumer durables and housewares",
   "pctRevenue": 3.02,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 1786.3,
   "briefing": "https://sgabenchmarking.com/r/HELE",
   "json": "https://sgabenchmarking.com/r/HELE.json"
  },
  {
   "company": "Huntington Ingalls Industries, Inc.",
   "ticker": "HII",
   "sector": "Aerospace & Defense",
   "pctRevenue": 0.21,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 12484.0,
   "briefing": "https://sgabenchmarking.com/r/HII",
   "json": "https://sgabenchmarking.com/r/HII.json"
  },
  {
   "company": "Honeywell International Inc.",
   "ticker": "HON",
   "sector": "Railroads",
   "pctRevenue": 4.84,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 37442.0,
   "briefing": "https://sgabenchmarking.com/r/HON",
   "json": "https://sgabenchmarking.com/r/HON.json"
  },
  {
   "company": "Hormel Foods",
   "ticker": "HRL",
   "sector": "Packaged-food",
   "pctRevenue": 0.29,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 12106.2,
   "briefing": "https://sgabenchmarking.com/r/HRL",
   "json": "https://sgabenchmarking.com/r/HRL.json"
  },
  {
   "company": "Howmet Aerospace Inc.",
   "ticker": "HWM",
   "sector": "Aerospace & Defense",
   "pctRevenue": 0.45,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 8252.0,
   "briefing": "https://sgabenchmarking.com/r/HWM",
   "json": "https://sgabenchmarking.com/r/HWM.json"
  },
  {
   "company": "Ingredion",
   "ticker": "INGR",
   "sector": "Packaged-food",
   "pctRevenue": 0.98,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 7219,
   "briefing": "https://sgabenchmarking.com/r/INGR",
   "json": "https://sgabenchmarking.com/r/INGR.json"
  },
  {
   "company": "Ingersoll Rand",
   "ticker": "IR",
   "sector": "Tools and industrial",
   "pctRevenue": 1.49,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 7650.9,
   "briefing": "https://sgabenchmarking.com/r/IR",
   "json": "https://sgabenchmarking.com/r/IR.json"
  },
  {
   "company": "Illinois Tool Works",
   "ticker": "ITW",
   "sector": "Tools and industrial",
   "pctRevenue": 1.88,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 16044.0,
   "briefing": "https://sgabenchmarking.com/r/ITW",
   "json": "https://sgabenchmarking.com/r/ITW.json"
  },
  {
   "company": "Keurig Dr Pepper Inc.",
   "ticker": "KDP",
   "sector": "Tobacco",
   "pctRevenue": 0.42,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 16603.0,
   "briefing": "https://sgabenchmarking.com/r/KDP",
   "json": "https://sgabenchmarking.com/r/KDP.json"
  },
  {
   "company": "Kraft Heinz",
   "ticker": "KHC",
   "sector": "Packaged-food",
   "pctRevenue": 0.67,
   "peerMedianPctRevenue": null,
   "fiscalYearEnd": null,
   "revenueUsdM": 24942,
   "briefing": "https://sgabenchmarking.com/r/KHC",
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   "company": "La-Z-Boy Incorporated",
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   "company": "Reynolds Consumer Products Inc.",
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   "company": "Rockwell Automation, Inc.",
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   "company": "RTX Corporation",
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   "company": "J.M. Smucker",
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   "company": "SharkNinja, Inc.",
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   "company": "Spectrum Brands Holdings, Inc.",
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   "company": "Simpson Manufacturing",
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   "briefing": "https://sgabenchmarking.com/r/SWK",
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   "company": "TransDigm Group Incorporated",
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   "company": "Textron Inc.",
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   "company": "Upwork Inc.",
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   "company": "Verisk Analytics, Inc.",
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   "company": "Westinghouse Air Brake Technologies Corporation",
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   "briefing": "https://sgabenchmarking.com/r/WAB",
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   "company": "Whirlpool",
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   "company": "Woodward, Inc.",
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  },
  {
   "company": "Xylem Inc.",
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   "company": "YETI Holdings, Inc.",
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   "briefing": "https://sgabenchmarking.com/r/YETI",
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  }
 ],
 "definition": "Only companies that disclose a dollar figure for R&D appear; most filers do not, and an absent line is absent, not zero. The figure is the filer's own, as a percent of the same year's revenue.",
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}