Fortescue (ASX:FMG) Research & Development: A$263 Mil (TTM As of Dec. 2025)


ASX:FMG Fortescue Ltd ASX:FMG
78 GF Score
Price A$19.25
GF Value A$19.96
Valuation Fairly Valued
! 6 Warning Signs
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What is Fortescue Research & Development?

Fortescue ASX:FMG -0.10% 78 Research & Development is A$263 Mil as of Dec. 2025. GuruFocus rates ASX:FMG with a GF Score™ of 78/100 and a GF Value™ of A$19.96 (Fairly Valued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Fortescue's Research & Development for the six months ended in Dec. 2025 was A$263 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was A$263 Mil.

Fortescue  (ASX:FMG) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Fortescue Research & Development Related Terms

Fortescue Research & Development Historical Data

* Premium members only.

The historical data trend for Fortescue's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortescue Research & Development Chart

Fortescue Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Fortescue Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 334.66 0.00 440.54 0.00 263.38
ASX:FMG
78GF Score
Fortescue Ltd ASX:FMG
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortescue Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$263 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of A$263 Mil mean?
Fortescue (ASX:FMG) has a Research & Development of A$263 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Fortescue and its competitors.
Is Fortescue's Research & Development too high?
Fortescue's current Research & Development is A$263 Mil. Overall, Fortescue has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortescue's Research & Development compare to competitors?
Fortescue's Research & Development of A$263 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Metals & Mining company?
A good Research & Development depends on the Metals & Mining industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Fortescue and its competitors. Fortescue's current Research & Development is A$263 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortescue stock overvalued right now?
Based on GuruFocus' analysis, Fortescue (ASX:FMG) is currently considered Fairly Valued. The stock's GF Value™ is A$19.96, compared to a current price of A$19.25 — trading 3.6% below its estimated fair value. The current Research & Development is A$263 Mil. Fortescue's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Fortescue (ASX:FMG), the current Research & Development is A$263 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortescue (ASX:FMG) Overvalued in 2026?

Based on GuruFocus' analysis, Fortescue stock appears to be undervalued. The current stock price of A$19.25 is trading 3.6% below its estimated GF Value™ of A$19.96. GuruFocus considers Fortescue to be Fairly Valued.

Key valuation signals for ASX:FMG:

  • Research & Development: A$263 Mil
  • GF Value™: A$19.96 vs. price of A$19.25 (3.6% below fair value)
  • GF Score™: 78/100 with 6 warning signs

No single metric tells the full story. See the ASX:FMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortescue Business Description

Address 87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004
Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here, but its efforts are at an early stage.
78GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$19.25
Price
A$19.96
GF Value