Most research intensive

Research and development as a share of revenue: how much of every dollar goes back into what comes next.

The top 50 US-listed companies above $2B, recomputed each night from SEC filings.

Technology takes 6 of the top ten places. Atlassian Corporation leads at 49.7%, and the middle of the list sits at 21.9% (Okta, Inc.).

1. 1TEAMAtlassian CorporationTechnology$3.3B in FY202649.7%
2. 2DDOGDatadogTechnology$1.5B in FY202545.2%
3. 3SNOWSnowflake Inc.Technology$2.0B in FY202642.0%
4. 4REGNRegeneron PharmaceuticalsHealthcare$5.9B in FY202540.8%
5. 5ONCBeOne Medicines AGHealthcare$2.1B in FY202540.2%
6. 6ALABAstera Labs, Inc.Technology$304M in FY202535.7%
7. 7SNPSSynopsys, Inc.Technology$2.5B in FY202535.1%
8. 8VRTXVertex PharmaceuticalsHealthcare$3.9B in FY202532.6%
9. 9CRWDCrowdStrikeTechnology$1.4B in FY202628.8%
10. 10METAMeta PlatformsCommunication Services$57.4B in FY202528.5%
11. 11WDAYWorkday, Inc.Technology$2.7B in FY202628.1%
12. 12NTRANatera, Inc.Healthcare$624M in FY202527.1%
13. 13ZSZscaler, Inc.Technology$903M in FY202627.0%
14. 14PEverpure, Inc.Technology$963M in FY202626.3%
15. 15INTCIntelTechnology$13.8B in FY202526.1%
16. 16MRVLMarvell Technology, Inc.Technology$2.1B in FY202625.3%
17. 17MRKMerck & Co.Healthcare$15.8B in FY202524.3%
18. 18VEEVVeeva SystemsHealthcare$767M in FY202624.0%
19. 19NETCloudflare, Inc.Technology$512M in FY202523.6%
20. 20AMDAdvanced Micro DevicesTechnology$8.1B in FY202523.4%
21. 21MCHPMicrochip TechnologyTechnology$1.1B in FY202623.0%
22. 22ADSKAutodeskTechnology$1.6B in FY202622.8%
23. 23NOWServiceNowTechnology$3.0B in FY202522.3%
24. 24ILMNIllumina, Inc.Healthcare$967M in FY202522.3%
25. 25PANWPalo Alto NetworksTechnology$2.6B in FY202622.2%
26. 26OKTAOkta, Inc.Technology$639M in FY202621.9%
27. 27BMYBristol Myers SquibbHealthcare$10.0B in FY202520.6%
28. 28LLYLilly (Eli)Healthcare$13.3B in FY202520.5%
29. 29QCOMQualcommTechnology$9.0B in FY202520.4%
30. 30AMGNAmgenHealthcare$7.3B in FY202519.8%
31. 31GILDGilead SciencesHealthcare$5.8B in FY202519.7%
32. 32MSTRStrategy IncTechnology$94M in FY202519.7%
33. 33NXPINXP SemiconductorsTechnology$2.4B in FY202519.2%
34. 34ABNBAirbnbConsumer Cyclical$2.4B in FY202519.2%
35. 35RPRXRoyalty Pharma plcHealthcare$452M in FY202519.0%
36. 36KEYSKeysight TechnologiesTechnology$1.0B in FY202518.7%
37. 37EWEdwards LifesciencesHealthcare$1.1B in FY202517.8%
38. 38CIENCienaTechnology$848M in FY202517.8%
39. 39AVGOBroadcomTechnology$11.0B in FY202517.2%
40. 40PFEPfizerHealthcare$10.4B in FY202516.7%
41. 41ADIAnalog DevicesTechnology$1.8B in FY202516.0%
42. 42NTAPNetAppTechnology$991M in FY202615.9%
43. 43TERTeradyneTechnology$505M in FY202515.8%
44. 44INTUIntuitTechnology$3.4B in FY202615.7%
45. 45GRMNGarminConsumer Cyclical$1.1B in FY202515.5%
46. 46ORCLOracle CorporationTechnology$10.3B in FY202615.3%
47. 47GOOGLAlphabet Inc.Communication Services$61.1B in FY202515.2%
48. 48CSCOCiscoTechnology$9.6B in FY202615.1%
49. 49ABBVAbbVieHealthcare$9.1B in FY202514.9%
50. 50EBAYeBay Inc.Consumer Cyclical$1.6B in FY202514.8%