Astec Industries (ASTE) Research & Development (2020 - 2022)
Astec Industries' Research & Development came in at $8.5 million for Q4 2022, up 30.8% from $6.5 million a year earlier and unchanged from the prior quarter.
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Analysis
Astec Industries (ASTE) Research & Development (2020 - 2022) Analysis & Trends
For FY2022, Astec Industries' Research & Development was $31.5 million, up 18.9% from FY2021.
- Research & Development carries a five-year compound annual growth rate of 3.3% (FY2017 to FY2022).
- Going back by year, Research & Development was $26.5 million in FY2021 (+19.9%), $22.1 million in FY2020 (-18.8%), $27.2 million in FY2019 (-3.9%) and $28.3 million in FY2018 (+5.5%).
- Year-over-year, Research & Development has increased for seven consecutive quarters, with growth averaging 20.6% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q4 2021 (growth of 44.4%), and the weakest in Q1 2021 (a decline of 3.1%).
- Business Quant data shows ASTE's Research & Development at $8.5 million (Q3 2022), $7.5 million (Q2 2022) and $7 million (Q1 2022) in the three quarters before Q4 2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | - |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | - |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Astec Industries | 945.31 Mn | 643.91 Mn | 106.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 8.50 Mn |
| Sep 30, 2022 | 8.50 Mn |
| Jun 30, 2022 | 7.50 Mn |
| Mar 31, 2022 | 7.00 Mn |
| Dec 31, 2021 | 6.50 Mn |
| Sep 30, 2021 | 6.70 Mn |
| Jun 30, 2021 | 7.00 Mn |
| Mar 31, 2021 | 6.30 Mn |
| Dec 31, 2020 | 4.50 Mn |
| Sep 30, 2020 | 5.70 Mn |
| Jun 30, 2020 | 5.40 Mn |
| Mar 31, 2020 | 6.50 Mn |
API Access
Astec Industries Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ASTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ASTE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ASTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();