Financing Flows 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/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 | Dividends in $ millions | Buybacks in $ millions | Equity Issuance in $ millions | Net Equity Change in $ millions | Net Equity Change as % of Book Equity | Debt Repaid in $ millions | Debt Raised in $ millions | Net Debt Change in $ millions | Net Change in Debt as % of Total Debt | Change in Lease Debt in $ millions |
| Advertising | 54 | $ 1,068.80 | $ 1,613.31 | $ 520.91 | $ (1,092.40) | -10.10% | $ 5,995.81 | $ 6,488.04 | $ 492.23 | 2.32% | $ (175.50) |
| Aerospace/Defense | 67 | $ 11,113.54 | $ 27,316.20 | $ 2,315.36 | $ (25,000.85) | -13.84% | $ 44,443.99 | $ 65,256.17 | $ 20,812.19 | 8.84% | $ 1,260.58 |
| Air Transport | 24 | $ 755.37 | $ 367.90 | $ 201.01 | $ (166.89) | -0.43% | $ 21,827.84 | $ 17,861.98 | $ (3,965.86) | -3.60% | $ 12,341.94 |
| Apparel | 37 | $ 1,270.11 | $ 1,911.97 | $ 131.48 | $ (1,780.49) | -7.46% | $ 6,670.70 | $ 10,711.96 | $ 4,041.26 | 16.66% | $ 1,485.81 |
| Auto & Truck | 34 | $ 1,270.51 | $ 13,788.71 | $ 1,100.07 | $ (12,688.64) | -6.41% | $ 97,822.71 | $ 123,535.70 | $ 25,712.99 | 8.25% | $ 4,915.94 |
| Auto Parts | 33 | $ 681.50 | $ 1,889.15 | $ 121.83 | $ (1,767.32) | -6.00% | $ 4,448.60 | $ 5,671.85 | $ 1,223.25 | 5.66% | $ 517.55 |
| Bank (Money Center) | 15 | $ 37,379.23 | $ 49,141.00 | $ 931.00 | $ (48,210.00) | -4.64% | $ 338,103.00 | $ 605,936.00 | $ 267,833.00 | 9.16% | $ - |
| Banks (Regional) | 591 | $ 18,022.12 | $ 6,103.69 | $ 3,604.81 | $ (2,498.89) | -0.52% | $ 304,251.83 | $ 259,715.19 | $ (44,536.65) | -12.21% | $ (1.40) |
| Beverage (Alcoholic) | 18 | $ 1,485.80 | $ 1,839.87 | $ 80.43 | $ (1,759.44) | -6.24% | $ 1,769.93 | $ 1,679.78 | $ (90.15) | -0.42% | $ 262.74 |
| Beverage (Soft) | 29 | $ 16,992.10 | $ 9,416.67 | $ 1,139.84 | $ (8,276.83) | -10.24% | $ 55,443.29 | $ 63,650.53 | $ 8,207.24 | 7.17% | $ 1,852.17 |
| Broadcasting | 22 | $ 842.60 | $ 2,145.63 | $ 9.33 | $ (2,136.31) | -4.97% | $ 6,996.72 | $ 4,684.43 | $ (2,312.29) | -4.24% | $ 84.60 |
| Brokerage & Investment Banking | 30 | $ 13,232.02 | $ 16,612.00 | $ 422.36 | $ (16,189.65) | -5.96% | $ 218,826.23 | $ 255,520.41 | $ 36,694.18 | 2.77% | $ 235.66 |
| Building Materials | 39 | $ 2,198.35 | $ 7,109.92 | $ 960.46 | $ (6,149.46) | -12.73% | $ 19,340.62 | $ 24,566.89 | $ 5,226.27 | 11.65% | $ 624.00 |
| Business & Consumer Services | 152 | $ 7,608.56 | $ 9,956.26 | $ 1,399.45 | $ (8,556.81) | -8.48% | $ 57,776.84 | $ 60,607.53 | $ 2,830.69 | 2.81% | $ 1.38 |
| Cable TV | 9 | $ 5,257.70 | $ 13,064.46 | $ 37.38 | $ (13,027.08) | -12.39% | $ 39,392.90 | $ 41,546.00 | $ 2,153.10 | 0.81% | $ 1,825.10 |
| Chemical (Basic) | 31 | $ 4,315.80 | $ 1,433.13 | $ 314.26 | $ (1,118.87) | -2.12% | $ 5,301.95 | $ 5,664.05 | $ 362.10 | 0.80% | $ 3,051.83 |
| Chemical (Diversified) | 4 | $ 322.00 | $ 32.80 | $ 310.98 | $ 278.18 | 5.90% | $ 575.81 | $ 492.81 | $ (83.00) | -1.30% | $ 132.15 |
| Chemical (Specialty) | 60 | $ 7,942.78 | $ 7,804.86 | $ 877.71 | $ (6,927.14) | -4.02% | $ 40,650.13 | $ 39,152.81 | $ (1,497.31) | -1.26% | $ 2,279.12 |
| Coal & Related Energy | 16 | $ 53.44 | $ 490.76 | $ 496.42 | $ 5.66 | 0.08% | $ 182.66 | $ 307.41 | $ 124.75 | 11.26% | $ 76.27 |
| Computer Services | 63 | $ 7,551.03 | $ 6,152.14 | $ 378.30 | $ (5,773.84) | -7.38% | $ 20,420.89 | $ 18,015.19 | $ (2,405.70) | -2.61% | $ (129.09) |
| Computers/Peripherals | 35 | $ 18,767.52 | $ 107,549.59 | $ 313.85 | $ (107,235.75) | -108.21% | $ 32,977.38 | $ 30,347.51 | $ (2,629.87) | -1.47% | $ (748.46) |
| Construction Supplies | 46 | $ 6,971.63 | $ 12,036.39 | $ 299.29 | $ (11,737.11) | -12.60% | $ 29,015.87 | $ 32,990.37 | $ 3,974.50 | 4.29% | $ 757.55 |
| Diversified | 21 | $ 5,839.56 | $ 9,180.78 | $ 700.92 | $ (8,479.86) | -1.53% | $ 38,191.59 | $ 49,186.00 | $ 10,994.41 | 5.91% | $ 1,022.20 |
| Drugs (Biotechnology) | 535 | $ 19,565.71 | $ 11,551.87 | $ 43,937.98 | $ 32,386.11 | 17.23% | $ 23,729.33 | $ 30,704.18 | $ 6,974.85 | 3.55% | $ 1,348.75 |
| Drugs (Pharmaceutical) | 231 | $ 40,292.59 | $ 7,091.88 | $ 7,212.77 | $ 120.89 | 0.04% | $ 49,071.28 | $ 85,806.74 | $ 36,735.46 | 12.91% | $ 1,845.26 |
| Education | 29 | $ 439.60 | $ 1,067.95 | $ 124.36 | $ (943.59) | -6.51% | $ 816.38 | $ 872.86 | $ 56.48 | 1.01% | $ 656.07 |
| Electrical Equipment | 101 | $ 2,609.75 | $ 3,128.56 | $ 1,687.99 | $ (1,440.57) | -2.12% | $ 12,359.71 | $ 13,914.87 | $ 1,555.16 | 2.98% | $ 914.58 |
| Electronics (Consumer & Office) | 11 | $ - | $ 174.34 | $ 24.64 | $ (149.70) | -9.20% | $ 348.56 | $ 280.76 | $ (67.81) | -35.26% | $ 15.64 |
| Electronics (General) | 122 | $ 1,919.75 | $ 7,490.20 | $ 1,269.77 | $ (6,220.43) | -7.34% | $ 14,246.54 | $ 14,123.31 | $ (123.23) | -0.27% | $ 291.95 |
| Engineering/Construction | 42 | $ 358.90 | $ 2,075.21 | $ 1,057.26 | $ (1,017.96) | -3.06% | $ 39,340.66 | $ 40,237.41 | $ 896.75 | 3.07% | $ 3,984.97 |
| Entertainment | 96 | $ 2,119.08 | $ 13,147.48 | $ 2,402.99 | $ (10,744.49) | -5.29% | $ 34,824.90 | $ 31,209.57 | $ (3,615.33) | -2.41% | $ (31,879.34) |
| Environmental & Waste Services | 50 | $ 2,359.70 | $ 1,197.59 | $ 819.97 | $ (377.62) | -1.30% | $ 46,539.74 | $ 48,365.66 | $ 1,825.92 | 4.29% | $ 770.91 |
| Farming/Agriculture | 35 | $ 3,449.13 | $ 9,120.48 | $ 60.76 | $ (9,059.71) | -12.31% | $ 21,998.95 | $ 28,803.94 | $ 6,804.99 | 7.12% | $ (5,294.85) |
| Financial Svcs. (Non-bank & Insurance) | 166 | $ 22,468.63 | $ 68,900.86 | $ 2,673.46 | $ (66,227.40) | -16.86% | $ 1,857,158.83 | $ 1,689,894.40 | $ (167,264.44) | -2.05% | $ (410.23) |
| Food Processing | 77 | $ 11,621.92 | $ 6,554.78 | $ 476.81 | $ (6,077.97) | -3.48% | $ 32,591.51 | $ 35,578.60 | $ 2,987.09 | 2.24% | $ (2,709.28) |
| Food Wholesalers | 14 | $ 1,063.79 | $ 2,093.39 | $ 205.85 | $ (1,887.53) | -12.28% | $ 9,224.89 | $ 10,063.36 | $ 838.47 | 3.11% | $ 1,042.94 |
| Furn/Home Furnishings | 28 | $ 975.46 | $ 531.44 | $ 51.50 | $ (479.93) | -2.43% | $ 16,673.95 | $ 15,127.84 | $ (1,546.12) | -9.28% | $ 603.89 |
| Green & Renewable Energy | 18 | $ 581.52 | $ 2.15 | $ 8.86 | $ 6.71 | 0.05% | $ 8,055.87 | $ 8,400.96 | $ 345.09 | 1.03% | $ 91.38 |
| Healthcare Products | 218 | $ 7,685.10 | $ 10,159.90 | $ 2,924.58 | $ (7,235.32) | -2.99% | $ 21,888.64 | $ 34,324.82 | $ 12,436.17 | 8.80% | $ 1,487.68 |
| Healthcare Support Services | 113 | $ 16,307.92 | $ 30,405.17 | $ 5,190.91 | $ (25,214.26) | -7.61% | $ 127,870.94 | $ 154,894.34 | $ 27,023.39 | 8.97% | $ 499.84 |
| Heathcare Information and Technology | 116 | $ 1,809.52 | $ 14,197.78 | $ 2,892.84 | $ (11,304.94) | -6.31% | $ 28,359.42 | $ 19,345.52 | $ (9,013.90) | -8.36% | $ 814.80 |
| Homebuilding | 30 | $ 1,521.50 | $ 8,044.82 | $ 419.56 | $ (7,625.26) | -7.37% | $ 14,670.99 | $ 16,346.30 | $ 1,675.31 | 4.94% | $ (518.05) |
| Hospitals/Healthcare Facilities | 33 | $ 2,546.50 | $ 6,733.99 | $ 1,923.71 | $ (4,810.28) | -33.29% | $ 22,918.52 | $ 24,445.03 | $ 1,526.51 | 1.67% | $ 1,905.00 |
| Hotel/Gaming | 65 | $ 3,218.60 | $ 29,726.58 | $ 587.52 | $ (29,139.06) | -57.71% | $ 51,662.53 | $ 61,720.38 | $ 10,057.86 | 4.28% | $ 6,564.61 |
| Household Products | 101 | $ 16,610.86 | $ 9,231.42 | $ 3,757.49 | $ (5,473.93) | -6.39% | $ 20,480.02 | $ 15,430.89 | $ (5,049.13) | -5.19% | $ 792.50 |
| Information Services | 16 | $ 835.10 | $ 1,677.84 | $ 384.76 | $ (1,293.08) | -8.42% | $ 11,412.21 | $ 11,223.66 | $ (188.54) | -0.86% | $ 36.60 |
| Insurance (General) | 22 | $ 3,327.64 | $ 7,383.36 | $ 780.10 | $ (6,603.25) | -9.32% | $ 11,824.22 | $ 11,424.27 | $ (399.95) | -0.97% | $ (172.16) |
| Insurance (Life) | 19 | $ 6,009.82 | $ 11,240.84 | $ 433.10 | $ (10,807.74) | -8.89% | $ 7,505.36 | $ 13,805.80 | $ 6,300.44 | 4.43% | $ (103.50) |
| Insurance (Prop/Cas.) | 53 | $ 6,261.22 | $ 5,458.29 | $ 1,122.74 | $ (4,335.55) | -2.64% | $ 27,554.84 | $ 30,360.99 | $ 2,806.15 | 3.71% | $ (402.38) |
| Investments & Asset Management | 231 | $ 17,948.17 | $ 16,846.69 | $ 8,447.77 | $ (8,398.91) | -3.72% | $ 61,584.27 | $ 86,244.26 | $ 24,659.99 | 8.65% | $ 1,401.52 |
| Machinery | 109 | $ 6,565.76 | $ 6,009.15 | $ 1,223.95 | $ (4,785.20) | -4.13% | $ 26,059.05 | $ 25,996.29 | $ (62.76) | -0.08% | $ 941.59 |
| Metals & Mining | 64 | $ 2,880.70 | $ 351.63 | $ 236.48 | $ (115.15) | -0.35% | $ 4,617.13 | $ 6,061.90 | $ 1,444.76 | 6.22% | $ 506.69 |
| Office Equipment & Services | 14 | $ 388.39 | $ 249.27 | $ 55.77 | $ (193.50) | -3.38% | $ 3,285.47 | $ 2,605.23 | $ (680.24) | -11.05% | $ 159.25 |
| Oil/Gas (Integrated) | 4 | $ 28,744.73 | $ 32,637.00 | $ 614.00 | $ (32,023.00) | -8.29% | $ 10,813.00 | $ 16,325.00 | $ 5,512.00 | 5.80% | $ 5,376.40 |
| Oil/Gas (Production and Exploration) | 147 | $ 16,071.55 | $ 14,174.25 | $ 4,256.56 | $ (9,917.69) | -4.09% | $ 52,734.22 | $ 68,387.67 | $ 15,653.45 | 11.37% | $ 10,336.74 |
| Oil/Gas Distribution | 24 | $ 9,301.94 | $ 4,015.02 | $ 1,332.06 | $ (2,682.96) | -3.46% | $ 107,170.82 | $ 117,759.12 | $ 10,588.31 | 6.73% | $ 400.77 |
| Oilfield Svcs/Equip. | 97 | $ 9,260.56 | $ 23,948.82 | $ 908.17 | $ (23,040.65) | -12.78% | $ 49,733.10 | $ 50,115.21 | $ 382.11 | 0.32% | $ 10,822.03 |
| Packaging & Container | 22 | $ 2,721.96 | $ 1,869.51 | $ 112.96 | $ (1,756.55) | -4.33% | $ 24,652.65 | $ 21,273.59 | $ (3,379.06) | -5.16% | $ 936.93 |
| Paper/Forest Products | 6 | $ 141.00 | $ 248.50 | $ - | $ (248.50) | -8.32% | $ 696.80 | $ 1,216.50 | $ 519.70 | 21.35% | $ 73.60 |
| Power | 48 | $ 23,674.02 | $ 5,185.44 | $ 6,783.06 | $ 1,597.62 | 0.42% | $ 107,839.39 | $ 158,916.10 | $ 51,076.71 | 7.05% | $ (3,979.68) |
| Precious Metals | 60 | $ 1,703.23 | $ 493.05 | $ 403.34 | $ (89.71) | -0.27% | $ 5,855.68 | $ 5,158.72 | $ (696.96) | -5.12% | $ 97.87 |
| Publishing & Newspapers | 19 | $ 427.01 | $ 411.73 | $ 20.45 | $ (391.28) | -2.79% | $ 4,728.50 | $ 4,621.36 | $ (107.14) | -1.38% | $ (135.64) |
| R.E.I.T. | 192 | $ 49,782.36 | $ 4,052.26 | $ 31,104.07 | $ 27,051.81 | 5.24% | $ 11,179,286.98 | $ 11,204,731.09 | $ 25,444.11 | 2.72% | $ 4,632.02 |
| Real Estate (Development) | 15 | $ 0.22 | $ 26.78 | $ 20.49 | $ (6.29) | -0.12% | $ 610.28 | $ 886.64 | $ 276.36 | 4.30% | $ 8.57 |
| Real Estate (General/Diversified) | 11 | $ 57.60 | $ 14.69 | $ 0.06 | $ (14.63) | -0.61% | $ 178.10 | $ 208.98 | $ 30.88 | 2.14% | $ 141.40 |
| Real Estate (Operations & Services) | 60 | $ 493.53 | $ 1,252.21 | $ 621.53 | $ (630.68) | -1.67% | $ 28,079.61 | $ 28,241.64 | $ 162.03 | 0.57% | $ 340.93 |
| Recreation | 50 | $ 1,204.96 | $ 2,429.43 | $ 266.24 | $ (2,163.20) | -10.33% | $ 14,137.28 | $ 14,997.89 | $ 860.61 | 2.41% | $ 1,004.97 |
| Reinsurance | 1 | $ 227.00 | $ 84.00 | $ - | $ (84.00) | -1.04% | $ 29.00 | $ 640.00 | $ 611.00 | 12.06% | $ - |
| Restaurant/Dining | 62 | $ 9,848.01 | $ 7,762.90 | $ 843.67 | $ (6,919.23) | 168.46% | $ 13,469.98 | $ 14,601.17 | $ 1,131.19 | 1.17% | $ 4,892.63 |
| Retail (Automotive) | 29 | $ 535.40 | $ 6,929.52 | $ 831.01 | $ (6,098.51) | -24.24% | $ 65,279.80 | $ 70,318.63 | $ 5,038.83 | 5.40% | $ 1,483.17 |
| Retail (Building Supply) | 13 | $ 11,677.90 | $ 5,864.27 | $ 561.11 | $ (5,303.16) | 44.09% | $ 2,445.46 | $ 13,900.80 | $ 11,455.34 | 11.67% | $ 1,014.30 |
| Retail (Distributors) | 66 | $ 4,833.54 | $ 6,638.67 | $ 621.78 | $ (6,016.89) | -8.41% | $ 51,577.86 | $ 60,131.01 | $ 8,553.15 | 9.03% | $ 3,631.42 |
| Retail (General) | 24 | $ 12,250.00 | $ 10,765.94 | $ 265.44 | $ (10,500.50) | -3.08% | $ 36,156.86 | $ 6,840.00 | $ (29,316.86) | -15.38% | $ 21,043.00 |
| Retail (Grocery and Food) | 17 | $ 1,276.68 | $ 1,989.38 | $ 225.63 | $ (1,763.75) | -6.90% | $ 2,272.66 | $ 12,580.62 | $ 10,307.96 | 30.00% | $ 1,032.01 |
| Retail (REITs) | 28 | $ 9,308.30 | $ 391.46 | $ 4,929.33 | $ 4,537.87 | 5.14% | $ 86,679.30 | $ 89,131.70 | $ 2,452.40 | 2.24% | $ 51.56 |
| Retail (Special Lines) | 98 | $ 5,959.26 | $ 8,894.03 | $ 4,339.36 | $ (4,554.67) | -6.69% | $ 43,074.60 | $ 42,851.57 | $ (223.03) | -0.54% | $ 6,816.58 |
| Rubber& Tires | 3 | $ - | $ - | $ 3.76 | $ 3.76 | 0.07% | $ 13,885.28 | $ 14,121.01 | $ 235.73 | 2.61% | $ (47.29) |
| Semiconductor | 63 | $ 25,345.11 | $ 59,604.78 | $ 4,957.30 | $ (54,647.48) | -13.43% | $ 64,908.45 | $ 86,192.07 | $ 21,283.63 | 10.22% | $ (911.81) |
| Semiconductor Equip | 30 | $ 3,346.20 | $ 10,063.45 | $ 817.80 | $ (9,245.65) | -18.27% | $ 5,616.64 | $ 5,237.62 | $ (379.02) | -1.24% | $ (183.49) |
| Shipbuilding & Marine | 8 | $ 119.90 | $ 430.30 | $ 24.85 | $ (405.46) | -5.96% | $ 479.27 | $ 296.01 | $ (183.26) | -10.52% | $ (153.27) |
| Shoe | 12 | $ 2,348.88 | $ 1,291.82 | $ 21.49 | $ (1,270.34) | -5.57% | $ 1,662.40 | $ 947.00 | $ (715.40) | -6.00% | $ 1,413.29 |
| Software (Entertainment) | 81 | $ 8,764.60 | $ 115,943.91 | $ 1,760.84 | $ (114,183.07) | -25.93% | $ 15,889.22 | $ 23,279.41 | $ 7,390.19 | 11.77% | $ 10,372.22 |
| Software (Internet) | 29 | $ 0.14 | $ 7,281.67 | $ 654.45 | $ (6,627.21) | -26.18% | $ 4,118.53 | $ 6,051.21 | $ 1,932.68 | 8.83% | $ 652.79 |
| Software (System & Application) | 333 | $ 29,972.12 | $ 50,950.24 | $ 23,147.82 | $ (27,802.42) | -5.95% | $ 70,251.90 | $ 37,689.43 | $ (32,562.47) | -12.03% | $ 8,663.01 |
| Steel | 27 | $ 1,548.58 | $ 6,360.36 | $ 53.23 | $ (6,307.13) | -8.57% | $ 10,149.25 | $ 11,136.50 | $ 987.25 | 3.77% | $ 242.91 |
| Telecom (Wireless) | 11 | $ 3,146.30 | $ 9,087.91 | $ 30.83 | $ (9,057.07) | -12.18% | $ 5,793.39 | $ 9,285.26 | $ 3,491.87 | 3.67% | $ (12,756.79) |
| Telecom. Equipment | 61 | $ 7,465.64 | $ 9,290.39 | $ 1,219.00 | $ (8,071.39) | -10.88% | $ 22,430.74 | $ 43,444.71 | $ 21,013.97 | 32.07% | $ (220.07) |
| Telecom. Services | 32 | $ 19,436.96 | $ 669.75 | $ 509.47 | $ (160.28) | -0.08% | $ 33,231.25 | $ 18,263.89 | $ (14,967.36) | -4.65% | $ 2,642.84 |
| Tobacco | 12 | $ 15,044.49 | $ 3,368.96 | $ 45.08 | $ (3,323.88) | 29.89% | $ 7,140.73 | $ 7,530.05 | $ 389.32 | 0.50% | $ 217.03 |
| Transportation | 21 | $ 7,211.20 | $ 6,074.05 | $ 1,293.95 | $ (4,780.10) | -6.87% | $ 44,643.26 | $ 50,277.21 | $ 5,633.95 | 5.43% | $ 3,079.86 |
| Transportation (Railroads) | 4 | $ 5,344.80 | $ 2,734.00 | $ 18.00 | $ (2,716.00) | -6.95% | $ 4,492.60 | $ 3,859.90 | $ (632.70) | -0.91% | $ 777.10 |
| Trucking | 24 | $ 859.19 | $ 2,098.59 | $ 1,363.43 | $ (735.16) | -1.87% | $ 9,344.30 | $ 11,293.41 | $ 1,949.11 | 7.21% | $ 2,596.50 |
| Utility (General) | 14 | $ 10,588.50 | $ 58.10 | $ 2,476.37 | $ 2,418.27 | 1.56% | $ 28,396.60 | $ 48,452.00 | $ 20,055.40 | 8.08% | $ (829.80) |
| Utility (Water) | 15 | $ 1,148.48 | $ 5.96 | $ 297.84 | $ 291.89 | 1.44% | $ 2,341.57 | $ 4,418.67 | $ 2,077.10 | 8.05% | $ (12.64) |
| Total Market | 6062 | $ 715,876.22 | $ 1,024,195.13 | $ 206,819.50 | $ (817,375.63) | -6.90% | $ 16,231,379.28 | $ 16,676,813.08 | $ 445,433.80 | 1.99% | $ 102,422.75 |
| Total Market (without financials) | 4935 | $ 591,227.39 | $ 842,508.40 | $ 188,404.16 | $ (654,104.25) | -7.20% | $ 13,404,570.69 | $ 13,723,911.76 | $ 319,341.07 | 3.52% | $ 101,875.23 |
Last updated in January 2025
By Aswath Damodaran