Capital Expenditures by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2022

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/capex.xls

For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry

Industry Name Number of Firms Capital Expenditures (US $ millions) Depreciation & Amort ((US $ millions) Cap Ex/Deprecn Acquisitions (US $ millions) Net R&D (US $ millions) Net Cap Ex/Sales Net Cap Ex/ EBIT (1-t) Sales/ Invested Capital
Advertising 49 $582.31 $1,624.38 35.85% $1,730.34 $57.76 2.12% 25.51% 4.81
Aerospace/Defense 73 $9,200.89 $13,879.57 66.29% $6,338.96 $393.95 0.58% 9.00% 1.98
Air Transport 21 $7,396.65 $9,837.92 75.19% $15.26 $107.59 -2.24% NA 0.88
Apparel 39 $1,230.87 $1,402.01 87.79% $2,275.42 -$1.23 3.08% 29.53% 1.82
Auto & Truck 26 $43,973.90 $14,871.25 295.70% $1,266.15 $1,964.54 9.65% 229.74% 0.83
Auto Parts 38 $3,115.71 $2,375.93 131.14% $2,732.46 $403.22 3.98% 81.17% 2.44
Bank (Money Center) 7 $3,957.00 $0.00 NA $0.00 $0.00 0.99% NA 0.27
Banks (Regional) 563 $5,475.45 -$0.01 NA $6,781.08 $0.00 5.59% NA 0.38
Beverage (Alcoholic) 21 $1,753.81 $1,206.53 145.36% $191.75 $0.00 2.87% 15.83% 0.72
Beverage (Soft) 32 $6,421.15 $4,162.89 154.25% $127.19 -$1.21 1.68% 10.57% 1.38
Broadcasting 28 $1,988.63 $4,522.13 43.98% $4,824.47 $1.74 2.78% 18.90% 1.07
Brokerage & Investment Banking 31 $8,844.61 $3,713.35 238.18% -$12,474.92 $837.92 -2.80% -384.22% 0.30
Building Materials 44 $2,958.01 $3,035.17 97.46% $5,540.95 $71.87 4.51% 51.17% 3.10
Business & Consumer Services 160 $5,115.83 $10,096.01 50.67% $10,994.97 $504.95 3.07% 46.36% 2.74
Cable TV 11 $21,230.80 $27,421.00 77.43% $2,448.70 $1.20 -1.75% -11.95% 0.81
Chemical (Basic) 35 $6,744.34 $3,068.11 219.82% $745.48 $173.14 3.46% 29.25% 2.00
Chemical (Diversified) 4 $610.41 $665.45 91.73% $242.00 $25.79 1.48% 16.67% 1.45
Chemical (Specialty) 81 $13,838.93 $11,601.06 119.29% $6,131.12 $307.54 4.20% 36.93% 1.22
Coal & Related Energy 18 $689.18 $770.15 89.49% $0.18 $7.38 -1.14% NA 1.52
Computer Services 83 $4,575.34 $12,490.16 36.63% $5,137.60 $219.55 -0.96% -17.10% 3.37
Computers/Peripherals 46 $18,318.09 $18,135.01 101.01% $1,564.95 $3,264.54 0.82% 4.55% 2.22
Construction Supplies 48 $7,456.55 $5,779.53 129.02% $3,280.75 $419.96 3.49% 40.88% 1.30
Diversified 22 $18,326.82 $20,732.95 88.39% $5,479.68 -$869.12 0.50% 2.06% 0.77
Drugs (Biotechnology) 581 $6,852.75 $18,352.31 37.34% $26,761.19 $6,832.94 11.66% 132.40% 0.47
Drugs (Pharmaceutical) 298 $17,095.03 $33,221.46 51.46% $26,526.50 $15,590.10 7.44% 33.94% 0.69
Education 35 $857.89 $830.92 103.25% $3,281.79 $191.37 20.10% 553.85% 1.17
Electrical Equipment 104 $3,783.29 $2,242.40 168.72% $7,249.53 $313.51 11.53% 132.52% 1.99
Electronics (Consumer & Office) 16 $87.89 $138.76 63.34% $26.10 $45.32 0.28% 6.16% 3.43
Electronics (General) 137 $4,739.25 $2,640.08 179.51% $8,462.72 $266.54 8.87% 105.84% 1.77
Engineering/Construction 48 $2,219.32 $2,123.49 104.51% $3,551.49 $2.95 3.60% 94.90% 3.73
Entertainment 108 $5,875.78 $8,747.46 67.17% $5,794.35 $1,048.41 2.68% 39.78% 1.18
Environmental & Waste Services 58 $3,642.48 $4,297.93 84.75% $6,862.19 -$0.55 11.15% 109.85% 2.07
Farming/Agriculture 36 $5,453.92 $3,194.52 170.73% $1,374.20 $60.79 1.77% 29.29% 1.91
Financial Svcs. (Non-bank & Insurance) 223 $18,291.33 $850.97 2149.48% $9,566.30 $829.86 8.31% 69.22% 0.05
Food Processing 92 $9,033.36 $6,799.69 132.85% $10,745.85 $31.62 5.05% 49.28% 1.60
Food Wholesalers 15 $1,366.17 $927.15 147.35% $2,126.48 -$0.01 1.52% 99.90% 7.24
Furn/Home Furnishings 32 $1,653.08 $1,033.21 159.99% $977.13 $30.71 2.78% 31.70% 2.53
Green & Renewable Energy 20 $1,633.25 $1,388.23 117.65% $322.10 -$1.03 12.93% 57.91% 0.25
Healthcare Products 244 $9,463.46 $10,717.55 88.30% $13,457.13 $1,498.37 7.35% 48.00% 1.04
Healthcare Support Services 131 $13,780.11 $16,229.43 84.91% $32,598.56 $140.82 1.64% 50.85% 8.33
Heathcare Information and Technology 142 $7,122.93 $10,172.18 70.02% $27,740.63 $2,141.04 17.11% 115.11% 1.22
Homebuilding 29 $804.27 $749.39 107.32% $744.50 $0.00 0.54% 4.26% 1.73
Hospitals/Healthcare Facilities 31 $6,494.06 $6,104.54 106.38% $3,500.77 -$1.36 2.94% 30.36% 2.04
Hotel/Gaming 66 $7,339.07 $13,197.85 55.61% $6,323.05 $1,135.58 1.83% NA 0.39
Household Products 118 $7,235.04 $6,645.78 108.87% $4,130.69 $102.95 2.46% 16.44% 2.28
Information Services 79 $5,470.27 $13,850.77 39.49% $15,319.80 $775.84 3.88% 20.62% 1.34
Insurance (General) 23 $1,275.76 $6,615.89 19.28% $3,683.02 -$5.74 -1.28% -9.10% 0.86
Insurance (Life) 24 $397.41 $2,813.74 14.12% $2,714.60 $0.00 0.12% 1.25% 0.63
Insurance (Prop/Cas.) 52 $1,811.16 $4,294.77 42.17% $5,125.36 $0.00 1.01% 8.06% 1.27
Investments & Asset Management 687 $3,230.55 $1,452.16 222.47% $5,527.40 $119.93 4.28% 33.69% 0.61
Machinery 111 $3,675.46 $6,002.07 61.24% $6,799.51 $143.82 2.68% 22.44% 2.04
Metals & Mining 74 $3,789.19 $3,955.22 95.80% $647.39 $1.74 0.84% 4.80% 1.40
Office Equipment & Services 18 $462.93 $559.61 82.72% $2,001.61 $12.38 11.22% 222.15% 2.43
Oil/Gas (Integrated) 4 $21,703.60 $44,874.70 48.36% -$239.00 -$105.20 -5.88% -94.09% 0.86
Oil/Gas (Production and Exploration) 183 $35,772.26 $58,498.41 61.15% $2,163.09 -$2.96 -11.60% NA 0.64
Oil/Gas Distribution 21 $7,581.07 $8,093.36 93.67% $130.05 $0.00 -0.49% -3.74% 0.46
Oilfield Svcs/Equip. 100 $11,362.66 $17,102.99 66.44% $2,402.53 -$144.57 -0.74% -82.93% 2.23
Packaging & Container 26 $7,866.31 $5,997.21 131.17% $3,012.45 $50.13 3.43% 45.21% 1.87
Paper/Forest Products 11 $404.00 $626.01 64.54% $1,043.10 $3.76 5.87% 39.50% 2.71
Power 50 $103,781.31 $44,677.45 232.29% $6,487.00 $33.60 21.01% 136.89% 0.38
Precious Metals 76 $2,771.69 $2,824.47 98.13% $315.04 $11.13 1.71% 9.83% 0.55
Publishing & Newspapers 21 $862.45 $1,532.16 56.29% $2,411.96 $36.11 5.68% 91.65% 2.28
R.E.I.T. 238 $5,317.90 $44,535.48 11.94% $32,929.36 $0.70 -3.36% -17.48% 0.14
Real Estate (Development) 19 $13.73 $215.44 6.37% $4.02 $0.00 -8.36% -254.42% 0.26
Real Estate (General/Diversified) 10 $15.97 $50.50 31.62% $35.20 $0.00 0.07% 0.63% 0.36
Real Estate (Operations & Services) 51 $1,081.52 $2,274.71 47.55% $1,633.10 $327.73 1.02% NA 1.35
Recreation 60 $2,514.75 $2,212.62 113.65% -$2,962.96 $279.38 -4.36% -55.71% 1.85
Reinsurance 2 $81.20 $318.50 25.49% $156.00 $0.00 -0.30% -5.25% 1.19
Restaurant/Dining 70 $6,460.90 $5,073.23 127.35% $992.68 -$1.11 1.83% 17.96% 1.29
Retail (Automotive) 32 $3,847.87 $2,085.68 184.49% $5,961.90 $5.78 3.40% 71.40% 2.87
Retail (Building Supply) 16 $5,856.28 $5,073.56 115.43% $8,397.92 $13.58 3.34% 30.76% 4.55
Retail (Distributors) 68 $9,535.35 $2,331.90 408.91% $5,585.20 $1.62 7.60% 101.14% 1.88
Retail (General) 16 $23,278.43 $18,372.00 126.71% $710.80 -$8.40 0.54% 15.16% 4.99
Retail (Grocery and Food) 15 $5,567.08 $5,065.45 109.90% $751.16 -$0.36 0.53% 36.63% 4.42
Retail (Online) 60 $58,569.11 $33,500.76 174.83% $4,939.92 $8,925.94 7.24% 158.33% 1.77
Retail (Special Lines) 76 $8,250.91 $7,701.27 107.14% $3,857.01 -$16.22 0.96% 18.44% 2.99
Rubber& Tires 2 $826.15 $827.07 99.89% $1,856.00 -$16.01 11.43% 306.83% 1.58
Semiconductor 67 $37,655.56 $32,680.64 115.22% $7,006.66 $4,752.08 5.79% 23.08% 0.80
Semiconductor Equip 34 $3,058.74 $2,277.96 134.28% $1,036.44 $589.38 3.37% 13.86% 1.46
Shipbuilding & Marine 8 $818.63 $479.58 170.70% $13.70 $0.00 5.00% 33.63% 0.88
Shoe 12 $481.84 $936.90 51.43% $624.80 $0.40 0.27% 2.05% 2.96
Software (Entertainment) 88 $43,392.17 $22,458.23 193.21% $6,445.15 $7,300.66 9.02% 35.20% 0.80
Software (Internet) 36 $1,439.35 $1,815.26 79.29% $2,605.97 $986.10 14.61% NA 0.76
Software (System & Application) 375 $30,593.07 $24,993.63 122.40% $62,315.20 $8,320.77 17.62% 82.40% 1.00
Steel 28 $5,088.82 $2,870.33 177.29% $2,924.39 -$11.52 4.07% 30.54% 2.66
Telecom (Wireless) 17 $15,373.23 $18,547.57 82.89% $2,089.89 $82.79 -1.10% -13.20% 0.54
Telecom. Equipment 82 $2,594.34 $2,180.66 118.97% $8,469.54 $617.09 9.26% 57.36% 1.39
Telecom. Services 42 $39,189.33 $48,736.58 80.41% $27,799.10 $30.33 5.27% 37.83% 0.78
Tobacco 16 $885.17 $421.42 210.05% $2,048.74 -$6.04 4.32% 13.30% 1.58
Transportation 17 $12,530.76 $7,883.32 158.95% $395.96 $2.08 2.10% 33.74% 3.03
Transportation (Railroads) 4 $5,681.00 $4,786.00 118.70% $543.00 $0.00 3.27% 10.23% 0.45
Trucking 34 $14,586.14 $6,529.27 223.40% $1,566.35 -$132.20 7.85% 259.19% 1.31
Utility (General) 16 $39,619.00 $16,612.10 238.49% $772.50 -$4.00 20.67% 120.26% 0.35
Utility (Water) 14 $3,550.07 $1,213.81 292.47% $231.93 $0.00 32.27% 122.82% 0.27
Total Market 7229 $928,601.43 $870,828.21 106.63% $508,779.29 $71,121.53 3.51% 37.61% 0.77
Total Market (without financials) 5619 $885,318.15 $851,087.35 104.02% $487,856.46 $69,339.56 3.65% 37.98% 1.26


Last updated January 2022

By Aswath Damodaran