Capital Expenditures by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2025

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 (LTM)
Advertising 54 $772.54 $1,550.41 49.83% $1,015.56 $63.17 0.70% 8.56% 4.19
Aerospace/Defense 67 $13,791.95 $15,847.19 87.03% $4,797.74 $1,045.64 0.77% 12.54% 2.62
Air Transport 24 $20,711.12 $11,241.54 184.24% $716.23 $95.19 4.37% 107.98% 1.75
Apparel 37 $1,357.22 $1,375.31 98.69% $101.46 $5.83 0.13% 1.58% 1.73
Auto & Truck 34 $33,094.77 $19,037.59 173.84% $12.74 $498.73 3.00% 103.93% 1.15
Auto Parts 33 $3,094.59 $1,927.11 160.58% $1,380.83 $187.55 2.98% 77.89% 2.43
Bank (Money Center) 15 $8,763.00 $0.00 NA $2,795.00 $0.00 NA NA NA
Banks (Regional) 591 $4,418.36 $3.19 NA -$3,238.21 $0.00 NA NA NA
Beverage (Alcoholic) 18 $2,494.62 $862.78 289.14% $158.05 $0.00 6.21% 33.31% 0.85
Beverage (Soft) 29 $9,387.69 $4,781.05 196.35% $354.64 $13.69 2.83% 17.53% 1.67
Broadcasting 22 $1,313.43 $3,036.05 43.26% $68.61 $0.04 -2.38% -22.99% 1.14
Brokerage & Investment Banking 30 $7,224.45 $5,515.27 130.99% $130.33 $1.79 NA NA NA
Building Materials 39 $4,233.21 $3,908.09 108.32% $17,532.32 $203.71 14.43% 140.53% 2.66
Business & Consumer Services 152 $7,372.07 $10,641.83 69.27% $2,448.72 $514.62 -0.12% -1.28% 2.66
Cable TV 9 $27,407.70 $28,042.80 97.74% $195.08 -$30.20 -0.22% -1.55% 0.85
Chemical (Basic) 31 $7,331.53 $3,183.07 230.33% $425.60 -$1.84 3.75% 73.00% 1.59
Chemical (Diversified) 4 $692.60 $642.53 107.79% $0.00 -$12.11 0.31% 6.91% 1.31
Chemical (Specialty) 60 $18,312.05 $11,082.41 165.24% $3,674.07 -$98.92 5.20% 53.22% 1.13
Coal & Related Energy 16 $780.23 $648.58 120.30% $198.30 -$5.51 4.18% 48.89% 1.24
Computer Services 63 $3,264.62 $8,930.25 36.56% $5,659.79 $459.92 0.14% 2.62% 4.71
Computers/Peripherals 35 $16,066.35 $16,083.95 99.89% $373.10 $1,727.49 0.33% 1.91% 3.34
Construction Supplies 46 $10,236.40 $6,621.91 154.58% $4,525.92 $38.98 3.85% 32.79% 1.56
Diversified 21 $22,431.23 $16,629.95 134.88% $7,895.25 $149.92 3.00% 11.27% 0.80
Drugs (Biotechnology) 535 $6,752.64 $22,231.12 30.37% $53,156.22 $12,429.68 24.94% NA 0.93
Drugs (Pharmaceutical) 231 $19,335.48 $31,381.07 61.62% $88,331.29 $10,070.16 23.94% 119.26% 1.01
Education 29 $716.01 $592.02 120.94% $50.77 $30.53 0.89% 14.96% 1.86
Electrical Equipment 101 $6,352.89 $6,062.74 104.79% $12,858.09 $324.49 10.74% 200.30% 2.09
Electronics (Consumer & Office) 11 $67.93 $83.98 80.89% $12.28 $10.94 0.22% NA 2.74
Electronics (General) 122 $5,079.18 $3,681.84 137.95% $5,713.15 $147.37 4.72% 71.25% 2.17
Engineering/Construction 42 $3,481.22 $2,394.30 145.40% $4,595.55 $3.60 3.85% 89.49% 3.86
Entertainment 96 $9,296.03 $20,334.94 45.71% $887.47 $305.48 -3.92% -64.09% 1.41
Environmental & Waste Services 50 $6,405.78 $5,131.79 124.83% $3,432.75 $26.24 6.42% 55.30% 2.32
Farming/Agriculture 35 $9,068.49 $4,583.51 197.85% $3,146.93 $98.15 3.36% 59.40% 1.57
Financial Svcs. (Non-bank & Insurance) 166 $14,831.90 $20,839.40 71.17% $15,815.55 $160.20 1.79% 13.54% 0.07
Food Processing 77 $11,356.07 $7,071.59 160.59% $8,016.11 $103.12 4.36% 47.31% 1.70
Food Wholesalers 14 $2,295.38 $931.47 246.43% $1,952.27 $0.00 1.44% 71.26% 7.78
Furn/Home Furnishings 28 $1,646.01 $1,247.16 131.98% $179.62 $38.33 1.12% 19.94% 1.96
Green & Renewable Energy 18 $4,105.66 $2,471.12 166.15% $1,533.50 -$3.06 38.16% 194.41% 0.19
Healthcare Products 218 $11,793.03 $13,416.06 87.90% $12,476.26 $394.04 4.58% 36.56% 1.33
Healthcare Support Services 113 $15,514.42 $19,226.24 80.69% $21,975.91 -$58.72 0.74% 28.21% 14.65
Heathcare Information and Technology 116 $6,021.35 $11,133.46 54.08% $13,063.89 $136.78 5.38% 47.06% 1.22
Homebuilding 30 $1,005.29 $851.70 118.03% $1,113.00 $0.00 0.73% 6.09% 1.64
Hospitals/Healthcare Facilities 33 $9,212.83 $6,743.10 136.63% $2,170.56 -$1.75 2.94% 30.64% 1.92
Hotel/Gaming 65 $16,851.11 $15,046.31 111.99% $2,454.70 $126.84 2.03% 16.20% 0.98
Household Products 101 $7,638.70 $7,704.93 99.14% $471.51 $66.02 0.22% 1.53% 2.22
Information Services 16 $788.81 $2,012.97 39.19% $2,649.00 $37.65 3.73% 39.68% 2.73
Insurance (General) 22 $722.69 $6,137.79 11.77% $5,866.43 $0.95 0.47% 3.44% 1.16
Insurance (Life) 19 $389.32 $3,789.56 10.27% $509.60 $0.00 -1.19% -19.11% 0.99
Insurance (Prop/Cas.) 53 $2,862.99 $2,069.26 138.36% $1,512.88 $0.00 0.61% 5.64% 1.91
Investments & Asset Management 231 $4,225.05 -$3,154.90 NA $1,954.75 $73.64 5.50% 48.52% 0.52
Machinery 109 $4,557.61 $6,724.90 67.77% $11,765.93 $14.32 5.03% 40.17% 1.97
Metals & Mining 64 $7,550.79 $4,262.59 177.14% $0.42 $14.79 5.85% 40.97% 1.23
Office Equipment & Services 14 $393.49 $443.82 88.66% $7.22 $2.73 -0.22% -3.17% 2.33
Oil/Gas (Integrated) 4 $47,186.00 $44,901.70 105.09% $8,539.00 $42.80 1.93% 20.18% 1.27
Oil/Gas (Production and Exploration) 147 $80,372.35 $51,152.23 157.12% $10,021.28 $11.59 17.94% 77.62% 0.67
Oil/Gas Distribution 24 $21,546.39 $10,321.89 208.74% $3,295.44 $5.16 15.40% 67.21% 0.49
Oilfield Svcs/Equip. 97 $17,223.40 $19,807.64 86.95% $3,935.25 $109.14 0.20% 4.90% 3.13
Packaging & Container 22 $6,944.65 $6,128.70 113.31% $1,192.50 -$8.76 1.62% 20.01% 1.74
Paper/Forest Products 6 $589.80 $429.10 137.45% $708.20 $2.40 7.87% 105.72% 2.47
Power 48 $137,875.02 $53,393.49 258.22% $4,583.80 $0.17 23.57% 135.95% 0.38
Precious Metals 60 $5,370.50 $3,916.20 137.14% -$658.23 $9.04 3.02% 18.95% 0.71
Publishing & Newspapers 19 $908.44 $1,460.53 62.20% $372.69 $13.25 -0.64% -10.65% 2.26
R.E.I.T. 192 $5,789.68 $42,202.01 13.72% $8,726.27 $4.36 -14.20% -66.55% 0.14
Real Estate (Development) 15 $62.34 $245.52 25.39% -$0.22 $0.00 -6.17% -54.02% 0.28
Real Estate (General/Diversified) 11 $25.85 $88.97 29.05% $79.08 $0.00 1.33% 16.26% 0.37
Real Estate (Operations & Services) 60 $1,485.69 $1,985.58 74.82% $2,076.94 $95.29 1.83% 211.72% 2.31
Recreation 50 $3,841.39 $2,990.58 128.45% $549.86 -$45.22 2.39% 41.79% 1.29
Reinsurance 1 $0.00 $43.30 0.00% $0.00 $0.00 -0.20% -4.48% 2.24
Restaurant/Dining 62 $10,552.90 $5,936.80 177.75% $2,250.37 $106.95 4.15% 37.80% 1.66
Retail (Automotive) 29 $5,402.70 $3,529.21 153.09% $4,897.44 -$37.88 2.49% 57.04% 2.47
Retail (Building Supply) 13 $6,569.60 $5,487.32 119.72% $18,332.00 $12.32 7.16% 78.82% 3.57
Retail (Distributors) 66 $14,008.34 $2,777.53 504.34% $7,176.22 $8.44 7.67% 93.24% 1.88
Retail (General) 24 $108,199.29 $73,982.03 146.25% $4,872.12 $1,531.20 2.16% 45.37% 3.60
Retail (Grocery and Food) 17 $7,509.06 $5,823.82 128.94% $316.96 -$1,293.30 0.26% 11.22% 4.89
Retail (REITs) 28 $1,091.40 $7,953.80 13.72% $101.03 $0.40 -26.58% -74.02% 0.14
Retail (Special Lines) 98 $11,285.12 $8,568.13 131.71% $590.89 $56.85 0.73% 17.90% 3.68
Rubber& Tires 3 $1,155.00 $1,016.01 113.68% $0.00 -$16.00 0.65% 14.86% 1.50
Semiconductor 63 $51,562.29 $41,204.60 125.14% $28,108.57 $6,670.71 11.60% 46.25% 1.10
Semiconductor Equip 30 $3,713.64 $2,661.62 139.53% $122.48 $519.58 2.12% 10.00% 1.68
Shipbuilding & Marine 8 $770.71 $481.83 159.96% $65.20 $0.00 4.68% 39.19% 0.94
Shoe 12 $565.68 $1,217.20 46.47% $79.50 $6.22 -0.79% -7.34% 2.54
Software (Entertainment) 81 $80,949.46 $30,718.16 263.52% $3,728.93 $7,203.49 11.39% 41.70% 1.40
Software (Internet) 29 $1,285.44 $1,744.66 73.68% $532.17 $654.23 2.43% 253.62% 1.23
Software (System & Application) 333 $67,416.52 $38,458.53 175.30% $82,252.80 $7,238.19 21.01% 89.49% 1.71
Steel 27 $10,607.86 $4,876.65 217.52% $1,280.42 $2.58 4.98% 79.97% 1.86
Telecom (Wireless) 11 $10,497.54 $14,808.55 70.89% -$97.40 $4.16 -4.77% -33.22% 0.52
Telecom. Equipment 61 $3,150.55 $2,600.58 121.15% $26,604.02 $658.37 26.11% 163.20% 2.67
Telecom. Services 32 $41,154.33 $43,405.16 94.81% $2,807.22 -$100.58 0.16% 1.09% 0.59
Tobacco 12 $1,725.59 $2,060.82 83.73% -$43.71 -$1.85 -0.60% -1.87% 1.73
Transportation 21 $16,550.72 $10,342.22 160.03% $4,242.40 -$214.34 3.47% 63.85% 1.94
Transportation (Railroads) 4 $10,234.00 $5,447.60 187.86% $68.00 $0.00 9.43% 32.08% 0.48
Trucking 24 $12,854.98 $6,765.29 190.01% $1,976.28 -$137.24 9.09% 165.75% 1.63
Utility (General) 14 $50,314.50 $17,208.40 292.38% $105.80 $0.00 30.65% 150.28% 0.29
Utility (Water) 15 $5,203.74 $1,474.80 352.84% $165.03 $3.01 41.84% 151.19% 0.24
Total Market 6062 $1,278,422.36 $976,657.38 130.90% $562,851.28 $52,524.92 4.21% 43.89% 0.84
Total Market (without financials) 4935 $1,234,984.59 $941,457.81 131.18% $537,504.95 $52,288.33 4.35% 45.83% 1.56


Last updated January 2025

By Aswath Damodaran