Goodwill Statistics by Sector (US)Data Used: Multiple data services
Date of Analysis: Data used is as of January 2026
Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/fundgrEB.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 | Goodwill (in $ millions) | Change in Goodwill in last year | Goodwill as % of Total Assets | Impairment of Goodwill in LTM in $ millioins | Impairment as % of Goodwill |
| Advertising | 52 | $19,219.01 | $2,069.66 | 29.70% | $938.83 | 4.88% |
| Aerospace/Defense | 79 | $181,291.43 | $4,367.31 | 22.31% | $33.09 | 0.02% |
| Air Transport | 23 | $22,586.50 | $82.87 | 7.10% | $0.04 | 0.00% |
| Apparel | 35 | $6,079.22 | -$365.58 | 9.56% | $806.34 | 13.26% |
| Auto & Truck | 33 | $2,693.12 | $81.90 | 0.35% | $11.53 | 0.43% |
| Auto Parts | 35 | $8,600.95 | -$873.54 | 10.91% | $882.30 | 10.26% |
| Bank (Money Center) | 15 | $198,209.00 | -$543.85 | 1.35% | $0.00 | 0.00% |
| Banks (Regional) | 568 | $117,179.92 | $4,540.02 | 2.27% | $165.31 | 0.14% |
| Beverage (Alcoholic) | 14 | $9,092.62 | -$3,845.00 | 16.22% | $4,267.46 | 46.93% |
| Beverage (Soft) | 27 | $63,723.99 | $4,815.30 | 21.24% | $398.30 | 0.63% |
| Broadcasting | 24 | $19,056.45 | -$9,828.25 | 16.01% | $533.66 | 2.80% |
| Brokerage & Investment Banking | 32 | $47,567.26 | $1,584.10 | 1.13% | $57.70 | 0.12% |
| Building Materials | 41 | $39,259.68 | -$144.73 | 27.57% | $1,587.63 | 4.04% |
| Business & Consumer Services | 155 | $97,532.12 | $5,621.98 | 26.81% | $2,907.75 | 2.98% |
| Cable TV | 9 | $112,388.00 | $524.90 | 20.50% | $88.80 | 0.08% |
| Chemical (Basic) | 29 | $13,012.50 | -$1,948.00 | 8.98% | $2,110.90 | 16.22% |
| Chemical (Diversified) | 4 | $674.00 | -$15.00 | 4.26% | $0.00 | 0.00% |
| Chemical (Specialty) | 59 | $88,471.53 | -$4,110.21 | 22.04% | $2,393.60 | 2.71% |
| Coal & Related Energy | 16 | $0.00 | $0.00 | 0.00% | $0.00 | NA |
| Computer Services | 64 | $99,416.47 | $7,288.63 | 29.66% | $295.00 | 0.30% |
| Computers/Peripherals | 36 | $69,363.31 | $786.17 | 10.75% | $1,843.70 | 2.66% |
| Construction Supplies | 40 | $32,052.41 | $2,389.42 | 11.24% | $129.10 | 0.40% |
| Diversified | 20 | $120,927.64 | $1,560.03 | 8.76% | $34.24 | 0.03% |
| Drugs (Biotechnology) | 496 | $76,058.71 | $103.49 | 13.75% | -$53.12 | -0.07% |
| Drugs (Pharmaceutical) | 228 | $190,671.54 | $2,242.90 | 21.21% | $2,976.73 | 1.56% |
| Education | 32 | $10,736.74 | $2,668.53 | 26.91% | -$18.81 | -0.18% |
| Electrical Equipment | 112 | $53,332.70 | -$2,473.88 | 22.80% | $5,257.87 | 9.86% |
| Electronics (Consumer & Office) | 8 | $221.12 | -$17.53 | 12.92% | $22.19 | 10.04% |
| Electronics (General) | 114 | $55,386.03 | $6,508.36 | 24.41% | $193.62 | 0.35% |
| Engineering/Construction | 48 | $26,927.23 | $4,573.00 | 19.33% | $82.70 | 0.31% |
| Entertainment | 92 | $135,966.96 | $848.27 | 27.42% | $4,038.00 | 2.97% |
| Environmental & Waste Services | 53 | $45,336.32 | $5,587.55 | 37.97% | $122.15 | 0.27% |
| Farming/Agriculture | 35 | $16,962.43 | $5,949.18 | 6.93% | $2.94 | 0.02% |
| Financial Svcs. (Non-bank & Insurance | 176 | $305,054.29 | $9,697.15 | 2.47% | $1,682.21 | 0.55% |
| Food Processing | 78 | $119,844.61 | -$8,230.59 | 30.03% | $10,339.78 | 8.63% |
| Food Wholesalers | 13 | $14,846.36 | $651.20 | 20.19% | $138.30 | 0.93% |
| Furn/Home Furnishings | 27 | $11,587.14 | $2,688.16 | 19.29% | $720.32 | 6.22% |
| Green & Renewable Energy | 15 | $950.96 | $65.60 | 1.34% | $0.00 | 0.00% |
| Healthcare Products | 204 | $166,291.23 | $9,654.89 | 30.61% | $6,350.88 | 3.82% |
| Healthcare Support Services | 104 | $372,436.48 | $6,641.26 | 27.75% | $13,875.37 | 3.73% |
| Heathcare Information and Technology | 115 | $149,693.60 | $2,870.04 | 42.59% | $2,472.17 | 1.65% |
| Homebuilding | 30 | $8,546.96 | $592.50 | 4.86% | $0.00 | 0.00% |
| Hospitals/Healthcare Facilities | 31 | $33,086.24 | -$277.22 | 18.96% | $0.00 | 0.00% |
| Hotel/Gaming | 63 | $79,553.05 | $1,368.41 | 16.19% | $2,265.70 | 2.85% |
| Household Products | 110 | $77,432.58 | $1,615.32 | 27.06% | $408.62 | 0.53% |
| Information Services | 15 | $23,104.10 | $144.20 | 41.76% | $125.44 | 0.54% |
| Insurance (General) | 21 | $66,228.66 | $24,048.47 | 32.05% | $0.00 | 0.00% |
| Insurance (Life) | 20 | $14,841.00 | -$76.50 | 0.50% | $69.50 | 0.47% |
| Insurance (Prop/Cas.) | 57 | $30,060.16 | $88.30 | 2.30% | $10.78 | 0.04% |
| Investments & Asset Management | 283 | $98,546.35 | $22,578.93 | 4.75% | $527.80 | 0.54% |
| Machinery | 105 | $97,159.61 | $3,265.75 | 33.41% | $1,151.19 | 1.18% |
| Metals & Mining | 73 | $472.70 | -$52.90 | 0.44% | $69.40 | 14.68% |
| Office Equipment & Services | 14 | $2,555.60 | -$1,091.40 | 15.90% | $219.80 | 8.60% |
| Oil/Gas (Integrated) | 4 | $4,568.00 | -$154.00 | 0.53% | $0.00 | 0.00% |
| Oil/Gas (Production and Exploration) | 142 | $6,742.40 | -$525.30 | 0.99% | $731.50 | 10.85% |
| Oil/Gas Distribution | 23 | $29,284.64 | $2,777.70 | 9.02% | $582.20 | 1.99% |
| Oilfield Svcs/Equip. | 97 | $46,039.73 | $3,008.26 | 9.64% | $671.00 | 1.46% |
| Packaging & Container | 19 | $33,706.03 | $6,537.27 | 21.31% | $0.00 | 0.00% |
| Paper/Forest Products | 6 | $811.00 | -$4.30 | 7.44% | $48.00 | 5.92% |
| Power | 46 | $66,919.50 | -$2,154.48 | 3.77% | $297.00 | 0.44% |
| Precious Metals | 56 | $3,290.40 | $569.40 | 3.59% | $0.00 | 0.00% |
| Publishing & Newspapers | 19 | $9,200.87 | -$954.93 | 29.36% | $8.35 | 0.09% |
| R.E.I.T. | 190 | $52,796.40 | -$4,902.38 | 2.87% | $5,179.61 | 9.81% |
| Real Estate (Development) | 14 | $34.50 | $21.59 | 0.22% | $0.41 | 1.20% |
| Real Estate (General/Diversified) | 12 | $141.60 | $69.80 | 2.31% | $0.00 | 0.00% |
| Real Estate (Operations & Services) | 54 | $25,065.40 | $3,446.51 | 24.13% | $3.18 | 0.01% |
| Recreation | 49 | $12,833.13 | -$3,629.03 | 16.21% | $3,977.07 | 30.99% |
| Reinsurance | 1 | $0.00 | $0.00 | 0.00% | $0.00 | NA |
| Restaurant/Dining | 64 | $28,389.48 | $1,179.22 | 12.43% | $420.90 | 1.48% |
| Retail (Automotive) | 34 | $16,459.17 | $853.37 | 8.66% | $144.20 | 0.88% |
| Retail (Building Supply) | 14 | $26,811.31 | $6,818.42 | 14.70% | $0.00 | 0.00% |
| Retail (Distributors) | 62 | $38,988.69 | $7,892.45 | 15.32% | $0.57 | 0.00% |
| Retail (General) | 23 | $65,198.01 | -$1,927.69 | 5.00% | $2,483.00 | 3.81% |
| Retail (Grocery and Food) | 15 | $6,810.31 | $700.50 | 6.48% | $0.00 | 0.00% |
| Retail (REITs) | 26 | $5,128.00 | $0.00 | 2.23% | $81.80 | 1.60% |
| Retail (Special Lines) | 94 | $8,112.26 | $20.25 | 3.84% | $990.20 | 12.21% |
| Rubber& Tires | 3 | $49.69 | -$717.05 | 0.25% | $549.00 | 1104.85% |
| Semiconductor | 66 | $225,957.15 | $737.32 | 23.37% | $295.70 | 0.13% |
| Semiconductor Equip | 31 | $21,874.71 | $5,706.41 | 16.17% | $442.90 | 2.02% |
| Shipbuilding & Marine | 8 | $769.61 | $0.00 | 6.04% | $0.00 | 0.00% |
| Shoe | 11 | $1,411.00 | -$214.80 | 2.81% | $307.00 | 21.76% |
| Software (Entertainment) | 77 | $72,576.07 | $1,235.28 | 8.02% | $9.80 | 0.01% |
| Software (Internet) | 29 | $21,818.05 | $1,264.36 | 21.97% | $0.00 | 0.00% |
| Software (System & Application) | 309 | $396,233.90 | $39,369.12 | 24.54% | $131.21 | 0.03% |
| Steel | 19 | $9,536.70 | $928.90 | 9.09% | $0.00 | 0.00% |
| Telecom (Wireless) | 12 | $14,213.90 | $866.11 | 6.11% | $0.86 | 0.01% |
| Telecom. Equipment | 57 | $78,427.51 | $4,182.68 | 36.62% | -$4.77 | -0.01% |
| Telecom. Services | 39 | $88,715.69 | -$1,071.44 | 9.86% | $737.28 | 0.83% |
| Tobacco | 10 | $23,602.90 | -$836.40 | 21.85% | $914.00 | 3.87% |
| Transportation | 19 | $29,616.03 | $1,691.20 | 9.44% | -$73.10 | -0.25% |
| Transportation (Railroads) | 4 | $481.20 | $205.80 | 0.30% | $272.00 | 56.53% |
| Trucking | 26 | $9,314.27 | $158.57 | 9.50% | $65.43 | 0.70% |
| Utility (General) | 14 | $17,157.70 | -$1,590.50 | 2.67% | $0.00 | 0.00% |
| Utility (Water) | 14 | $4,191.16 | $11.90 | 5.94% | $0.00 | 0.00% |
| Total Market | 5994 | $5,155,566.60 | $187,839.63 | 7.05% | $91,803.09 | 1.78% |
| Total Market (without financials) | 4822 | $4,277,879.97 | $125,923.02 | 14.15% | $89,289.79 | 2.09% |
Last updated in January 2026
By Aswath Damodaran