Operating
Income and FCFF 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/oifcff.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 | EBIT (1-t) | Net Cap Ex | Change in WC | FCFF |
| Advertising | 52 | $3,572.89 | -$561.14 | -$0.37 | $4,134.41 |
| Aerospace/Defense | 79 | $38,842.13 | $4,095.17 | $19,101.36 | $15,645.61 |
| Air Transport | 23 | $11,016.15 | $8,840.19 | -$1,763.81 | $3,939.76 |
| Apparel | 35 | $5,641.88 | $1,312.93 | $287.50 | $4,041.46 |
| Auto & Truck | 33 | $12,125.87 | $10,421.09 | -$13,095.22 | $14,799.99 |
| Auto Parts | 35 | $4,479.75 | $1,770.15 | -$543.89 | $3,253.50 |
| Bank (Money Center) | 15 | $314.52 | $8,929.44 | $31,626.56 | -$40,241.47 |
| Banks (Regional) | 568 | -$182.21 | -$2,388.97 | $1,327.84 | $878.92 |
| Beverage (Alcoholic) | 14 | $5,473.87 | $1,023.89 | $95.97 | $4,354.01 |
| Beverage (Soft) | 27 | $34,963.30 | $8,532.32 | $1,712.60 | $24,718.37 |
| Broadcasting | 24 | $8,139.13 | -$1,613.36 | $14,585.36 | -$4,832.87 |
| Brokerage & Investment Banking | 32 | -$299.79 | $5,835.23 | $11,368.26 | -$17,503.28 |
| Building Materials | 41 | $13,168.82 | $3,459.12 | $902.75 | $8,806.95 |
| Business & Consumer Services | 155 | $29,913.57 | $9,054.87 | $2,159.53 | $18,699.18 |
| Cable TV | 9 | $35,870.99 | -$1,716.70 | -$494.92 | $38,082.61 |
| Chemical (Basic) | 29 | $3,012.91 | $4,547.11 | $93.69 | -$1,627.89 |
| Chemical (Diversified) | 4 | $419.33 | -$144.16 | -$46.02 | $609.50 |
| Chemical (Specialty) | 59 | $22,393.44 | $8,441.11 | $1,863.48 | $12,088.84 |
| Coal & Related Energy | 16 | -$322.24 | -$269.64 | $394.97 | -$447.57 |
| Computer Services | 64 | $23,952.37 | $6,534.50 | $2,454.09 | $14,963.78 |
| Computers/Peripherals | 36 | $145,504.91 | $19,536.79 | $7,938.04 | $118,030.08 |
| Construction Supplies | 40 | $25,544.24 | $13,234.98 | $1,670.38 | $10,638.88 |
| Diversified | 20 | $101,488.52 | $10,585.05 | $5,124.06 | $85,779.42 |
| Drugs (Biotechnology) | 496 | $19,391.32 | -$7,823.69 | $2,286.16 | $24,928.86 |
| Drugs (Pharmaceutical) | 228 | $102,446.87 | $4,344.59 | $5,271.29 | $92,831.00 |
| Education | 32 | $3,246.98 | $180.94 | $438.71 | $2,627.34 |
| Electrical Equipment | 112 | $12,746.56 | $4,146.12 | $852.23 | $7,748.21 |
| Electronics (Consumer & Office) | 8 | -$158.72 | -$97.30 | -$50.67 | -$10.75 |
| Electronics (General) | 114 | $16,783.32 | $9,766.32 | $1,206.68 | $5,810.32 |
| Engineering/Construction | 48 | $9,747.09 | $8,094.64 | $1,464.53 | $187.92 |
| Entertainment | 92 | $26,547.16 | -$3,241.95 | -$392.31 | $30,181.42 |
| Environmental & Waste Services | 53 | $11,197.63 | $10,582.73 | $580.62 | $34.28 |
| Farming/Agriculture | 35 | $11,682.44 | $8,139.52 | -$2,851.12 | $6,394.04 |
| Financial Svcs. (Non-bank & Insurance | 176 | $96,521.85 | $13,920.50 | -$1,691.97 | $84,293.33 |
| Food Processing | 78 | $27,754.99 | $6,596.74 | $1,646.61 | $19,511.64 |
| Food Wholesalers | 13 | $5,367.08 | $3,490.34 | $205.91 | $1,670.82 |
| Furn/Home Furnishings | 27 | $3,231.74 | $3,156.42 | $580.33 | -$505.01 |
| Green & Renewable Energy | 15 | $1,182.57 | $579.54 | $175.50 | $427.53 |
| Healthcare Products | 204 | $43,069.69 | $12,928.18 | $4,748.36 | $25,393.15 |
| Healthcare Support Services | 104 | $73,336.09 | $23,407.19 | $8,007.90 | $41,921.00 |
| Heathcare Information and Technology | 115 | $21,273.48 | $1,415.25 | $832.43 | $19,025.81 |
| Homebuilding | 30 | $17,745.87 | $1,155.34 | $3,907.63 | $12,682.90 |
| Hospitals/Healthcare Facilities | 31 | $19,167.27 | $4,980.26 | $805.04 | $13,381.96 |
| Hotel/Gaming | 63 | $35,854.73 | $5,928.06 | $2,234.93 | $27,691.74 |
| Household Products | 110 | $37,527.34 | $2,415.12 | $81.35 | $35,030.87 |
| Information Services | 15 | $4,136.38 | -$1,163.37 | $107.22 | $5,192.53 |
| Insurance (General) | 21 | $10,665.46 | $31,365.44 | -$744.56 | -$19,955.42 |
| Insurance (Life) | 20 | $21,787.88 | $765.94 | $340.92 | $20,681.02 |
| Insurance (Prop/Cas.) | 57 | $54,634.15 | -$4,595.51 | $5,645.93 | $53,583.73 |
| Investments & Asset Management | 283 | $49,021.66 | $42,294.11 | $1,374.18 | $5,353.37 |
| Machinery | 105 | $27,480.33 | $8,132.22 | $506.72 | $18,841.38 |
| Metals & Mining | 73 | $14,121.35 | $2,814.14 | $228.05 | $11,079.16 |
| Office Equipment & Services | 14 | $1,285.12 | $253.96 | $122.82 | $908.34 |
| Oil/Gas (Integrated) | 4 | $45,026.14 | $2,107.70 | $1,495.97 | $41,422.46 |
| Oil/Gas (Production and Exploration) | 142 | $58,238.74 | $46,168.80 | $978.87 | $11,091.07 |
| Oil/Gas Distribution | 23 | $25,205.67 | $20,866.43 | $1,105.54 | $3,233.70 |
| Oilfield Svcs/Equip. | 97 | $28,715.01 | $5,937.51 | $2,261.89 | $20,515.61 |
| Packaging & Container | 19 | $9,169.68 | $5,715.77 | $2,391.44 | $1,062.47 |
| Paper/Forest Products | 6 | $667.76 | $198.30 | $51.30 | $418.16 |
| Power | 46 | $73,135.57 | $95,503.30 | $1,134.51 | -$23,502.25 |
| Precious Metals | 56 | $13,775.65 | $2,222.31 | $851.55 | $10,701.79 |
| Publishing & Newspapers | 19 | $2,143.07 | -$141.86 | $185.84 | $2,099.09 |
| R.E.I.T. | 190 | $46,127.31 | -$26,823.95 | $821.93 | $72,129.33 |
| Real Estate (Development) | 14 | $747.97 | -$158.50 | -$108.56 | $1,015.02 |
| Real Estate (General/Diversified) | 12 | $206.73 | $4.36 | $159.86 | $42.52 |
| Real Estate (Operations & Services) | 54 | $2,912.67 | $2,751.74 | -$411.57 | $572.50 |
| Recreation | 49 | $3,940.27 | $737.01 | -$522.98 | $3,726.24 |
| Reinsurance | 1 | $1,123.65 | -$49.80 | $397.00 | $776.45 |
| Restaurant/Dining | 64 | $23,491.15 | $6,928.65 | $626.76 | $15,935.74 |
| Retail (Automotive) | 34 | $14,732.61 | $6,365.01 | -$348.68 | $8,716.29 |
| Retail (Building Supply) | 14 | $29,583.79 | $16,355.04 | $2,368.05 | $10,860.70 |
| Retail (Distributors) | 62 | $20,761.68 | $27,269.33 | $1,303.37 | -$7,811.02 |
| Retail (General) | 23 | $116,115.53 | $96,183.26 | $351.78 | $19,580.49 |
| Retail (Grocery and Food) | 15 | $4,152.14 | -$5,259.98 | $997.84 | $8,414.28 |
| Retail (REITs) | 26 | $10,103.12 | -$6,072.44 | -$76.83 | $16,252.39 |
| Retail (Special Lines) | 94 | $21,989.01 | $4,815.34 | $2,229.38 | $14,944.29 |
| Rubber& Tires | 3 | $456.93 | -$5.98 | $187.98 | $274.93 |
| Semiconductor | 66 | $176,161.04 | $22,421.39 | $32,015.30 | $121,724.36 |
| Semiconductor Equip | 31 | $22,350.63 | $3,813.68 | $1,731.96 | $16,804.99 |
| Shipbuilding & Marine | 8 | $979.16 | $374.02 | -$71.43 | $676.58 |
| Shoe | 11 | $4,903.04 | $242.72 | $642.95 | $4,017.38 |
| Software (Entertainment) | 77 | $211,160.27 | $120,455.97 | $11,373.76 | $79,330.54 |
| Software (Internet) | 29 | $1,669.01 | $9,456.67 | $1,494.74 | -$9,282.40 |
| Software (System & Application) | 309 | $207,486.83 | $113,353.75 | $13,206.71 | $80,926.37 |
| Steel | 19 | $4,032.78 | $6,162.27 | $686.02 | -$2,815.51 |
| Telecom (Wireless) | 12 | $18,160.72 | $365.83 | $2,027.92 | $15,766.97 |
| Telecom. Equipment | 57 | $22,573.95 | $7,775.20 | $1,203.22 | $13,595.53 |
| Telecom. Services | 39 | $58,213.09 | $2,625.82 | $3,194.67 | $52,392.60 |
| Tobacco | 10 | $24,676.12 | -$601.50 | $1,142.59 | $24,135.03 |
| Transportation | 19 | $21,421.30 | $6,695.40 | $3,160.35 | $11,565.55 |
| Transportation (Railroads) | 4 | $15,954.03 | $3,320.40 | -$327.04 | $12,960.67 |
| Trucking | 26 | $5,377.73 | $4,241.20 | $353.45 | $783.09 |
| Utility (General) | 14 | $24,470.39 | $40,587.40 | $1,304.68 | -$17,421.69 |
| Utility (Water) | 14 | $3,219.21 | $4,564.43 | $247.80 | -$1,593.03 |
| Total Market | 5994 | $2,697,108.44 | $960,863.71 | $216,503.52 | $1,519,741.21 |
| Total Market (without financials) | 4822 | $2,485,477.43 | $864,737.54 | $167,256.36 | $1,453,483.52 |