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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Consumer discretionary companies that spend the most on R&D

Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 103 · Fiscal year 2025 · Data as of September 25, 2026

Stellantis (STLA) tops the list with $12.6B in r&d expense for fiscal 2025, ahead of Ford Motor ($9.4B) and General Motors ($7.2B). The top 10 together report $45.9B in r&d expense; the gap between #1 and #10 is ×11.15. 103 companies in Consumer discretionary report r&d expense, 8.1% of the 1270-filer universe. The last place on the list, Autozi Internet Technology (Global), comes in at $1.1M.

R&D expense
#CompanyR&D expenseYoY15-year trend
1StellantisSTLANL$12.6B+101.2%
2Ford MotorFUS$9.4B+17.5%
3General MotorsGMUS$7.2B−2.7%
4TeslaTSLAUS$6.4B+41.2%
5JD.comJDCN$3.2B+36.3%
6Rivian AutomotiveRIVNUS$1.7B+3.4%
7Li AutoLICN$1.6B+6.7%
8NIONIOCN$1.5B−15.1%
9Lucid GroupLCIDUS$1.2B+3.0%
10AptivAPTVCH$1.1B+2.9%
11FerrariRACEIT$1.0B+7.3%
12Magna InternationalMGACA$792M−9.4%
13BorgWarnerBWAUS$710M−3.5%
14PACCARPCARUS$446M−1.6%
15AutolivALVUS$413M+3.8%
16AdientADNTIE$387M+4.0%
17HasbroHASUS$386M+31.1%
18WhirlpoolWHRUS$370M−8.6%
19SharkninjaSNUS$368M+7.8%
20YelpYELPUS$298M−4.1%
21Las Vegas SandsLVSUS$269M+18.0%
22Peloton InteractivePTONUS$234M−23.2%
23MattelMATUS$227M+17.2%
24VisteonVCUS$220M+15.2%
25GentexGNTXUS$203M+12.0%
26Allison TransmissionALSNUS$174M−13.0%
27OshkoshOSKUS$174M+2.7%
28Lotus TechnologyLOTCN$171M−37.8%
29Harley-DavidsonHOGUS$159M+0.4%
30LearLEAUS$151M−1.5%
31DauchDCHUS$147M−7.5%
32GoproGPROUS$127M−31.8%
33AmcorAMCRGB$120M+103.4%
34DanaDANUS$105M−42.9%
35PhiniaPHINUS$105M−6.3%
36Smith A OAOSUS$95.0M−6.6%
37GenthermTHRMUS$94.8M+6.8%
38CheggCHGGUS$93.5M−45.2%
39Gaotu TecheduGOTUCN$89.7M+1.0%
40Cooper-Standard HoldingsCPSUS$80.6M−2.6%
41BradyBRCUS$79.9M+17.9%
42Acushnet HoldingsGOLFUS$76.5M+12.8%
43YoudaoDAOCN$73.5M−0.6%
44Fox FactoryFOXFUS$69.4M+15.1%
45Deckers OutdoorDECKUS$68.9M+21.6%
46Callaway GolfCALYUS$65.5M+2.2%
47StoneridgeSRIUS$62.5M−13.4%
48GapGAPUS$60.0M+50.0%
49Helen of TroyHELEUS$54.0M+0.2%
50Sherwin WilliamsSHWUS$51.9M−11.2%
51Thor IndustriesTHOUS$48.6M−1.6%
52Pattern GroupPTRNUS$46.3M+157.4%
53China Automotive SystemsCAASCN$45.1M+63.0%
54DaktronicsDAKTUS$43.5M+11.8%
55Atmus Filtration TechnologiesATMUUS$40.7M+0.2%
56Albany InternationalAINUS$40.6M+1.8%
57Eastman KodakKODKUS$33.0M0.0%
58Johnson OutdoorsJOUTUS$32.2M+3.5%
59ThredupTDUPUS$32.1M+2.6%
60CrocsCROXUS$29.6M+15.6%
61Modine ManufacturingMODUS$29.3M−16.0%
62Yum BrandsYUMUS$28.0M−6.7%
63Atour LifestyleATATCN$25.4M+38.6%
64GogoroGGRTW$25.4M−27.3%
65Yeti HoldingsYETIUS$25.2M+19.4%
66Niu TechnologiesNIUCN$23.8M+33.5%
67Viomi TechnologyVIOTCN$23.7M+21.0%
68Strattec SecuritySTRTUS$21.8M+0.5%
69HolleyHLLYUS$18.8M+0.6%
70Dorman ProductsDORMUS$16.8M+6.3%
71StrideLRNUS$16.6M−0.6%
72InterfaceTILEUS$16.1M+6.6%
73Blue BirdBLBDUS$15.2M+61.7%
74Motorcar Parts of AmericaMPAAUS$14.2M+24.5%
75Here GroupHERECN$13.8M−31.0%
76Hamilton Beach BrandsHBBUS$13.2M−3.6%
77On HoldingONONCH$12.8M+17.2%
78TraegerCOOKUS$12.4M−18.4%
79EvgoEVGOUS$12.2M+5.2%
80ClarusCLARUS$11.9M−2.0%
81Gigacloud TechnologyGCTUS$10.8M+10.6%
82Lightinthebox HoldingLITBSG$10.3M−33.9%
83Miller IndustriesMLRUS$8.2M+32.3%
84Yum ChinaYUMCUS$8.0M+33.3%
85UnifiUFIUS$7.7M−11.9%
86Grove CollaborativeGROVUS$7.5M−59.4%
87HonestHNSTUS$7.3M+7.2%
88LovesacLOVEUS$7.0M−16.7%
89Commercial VehicleCVGIUS$7.0M−5.4%
90American Outdoor BrandsAOUTUS$6.1M−21.1%
91Wabash NationalWNCUS$5.9M−31.4%
92ImaxIMAXCA$5.8M+14.0%
93Sunlands TechnologySTGCN$4.2M+23.4%
94Winnebago IndustriesWGOUS$4.0M+2.6%
95EscaladeESCAUS$3.2M0.0%
96Youlife GroupYOULCN$2.4M—
97Oil-Dri Corp of AmericaODCUS$2.4M+14.3%
98Rush EnterprisesRUSHAUS$2.0M—
99BeachbodyBODIUS$1.7M+6.3%
100Autozi Internet Technology (Global)AZIKY$1.1M−2.4%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Consumer discretionary companies that spend the most on R&D |url=https://companiesranked.com/en/consumer-discretionary-companies-that-spend-the-most-on-research-and-development |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Consumer discretionary companies that spend the most on R&D. CompaniesRanked. https://companiesranked.com/en/consumer-discretionary-companies-that-spend-the-most-on-research-and-development

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@misc{companiesranked-en-consumer-discretionary-companies-that-spend-the-most-on-research-and-development-2026,
  author       = {{CompaniesRanked}},
  title        = {{Consumer discretionary companies that spend the most on R\&D}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/consumer-discretionary-companies-that-spend-the-most-on-research-and-development}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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