Capital Expenditures by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2024

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 57 $775.73 $1,887.34 41.10% $322.56 $75.08 -1.69% -21.81% 3.28
Aerospace/Defense 70 $10,982.13 $13,311.60 82.50% $10,344.75 $830.46 2.28% 31.81% 1.98
Air Transport 25 $25,559.73 $10,609.95 240.90% $368.21 $73.55 6.72% 135.52% 1.78
Apparel 38 $1,730.98 $1,386.48 124.85% $38.74 $0.95 0.54% 7.26% 1.77
Auto & Truck 34 $29,899.49 $18,677.67 160.08% $193.22 $983.07 2.66% 67.59% 1.05
Auto Parts 39 $3,565.42 $2,034.47 175.25% $1,061.76 $454.94 3.17% 83.98% 2.00
Bank (Money Center) 15 $9,161.10 $0.00 NA -$3,147.00 $0.00 1.30% 1970.81% 0.27
Banks (Regional) 625 $5,254.87 -$0.01 NA -$24,646.51 $0.00 -10.09% NA 0.37
Beverage (Alcoholic) 19 $2,244.82 $864.06 259.80% $1,370.00 $0.00 9.39% 63.67% 0.90
Beverage (Soft) 29 $7,926.69 $4,543.39 174.47% $674.67 $7.71 2.39% 15.18% 1.69
Broadcasting 22 $1,837.55 $3,387.64 54.24% $43.86 $0.24 -2.06% -21.04% 1.12
Brokerage & Investment Banking 27 $7,783.95 $4,646.38 167.53% $876.10 -$189.38 1.68% 342.98% 0.28
Building Materials 44 $4,218.83 $3,321.03 127.03% $2,186.79 $96.22 2.45% 23.96% 2.29
Business & Consumer Services 162 $7,472.07 $10,153.08 73.59% $6,830.49 $91.21 1.69% 19.61% 2.72
Cable TV 10 $31,204.10 $27,580.40 113.14% $12.00 $24.00 1.65% 11.69% 0.78
Chemical (Basic) 32 $7,117.04 $3,182.98 223.60% $50.70 -$5.50 3.08% 49.03% 1.62
Chemical (Diversified) 4 $589.42 $650.65 90.59% $0.00 -$14.41 -0.58% -65.05% 1.28
Chemical (Specialty) 68 $18,572.63 $10,284.13 180.59% $13,710.34 -$456.06 9.81% 92.60% 1.16
Coal & Related Energy 18 $967.13 $804.15 120.27% $10.51 -$7.81 1.59% 9.18% 1.47
Computer Services 72 $3,627.72 $8,814.84 41.15% $7,500.85 $109.82 0.82% 14.08% 3.59
Computers/Peripherals 36 $18,400.90 $16,661.82 110.44% $1,076.52 $2,599.68 0.90% 5.02% 1.92
Construction Supplies 45 $10,001.87 $6,237.87 160.34% $2,137.00 $392.93 3.04% 25.99% 1.53
Diversified 23 $23,694.98 $19,414.85 122.05% $20,110.56 -$24.05 4.61% 24.12% 0.93
Drugs (Biotechnology) 572 $7,227.88 $19,976.78 36.18% $13,807.95 $5,499.13 3.47% NA 0.41
Drugs (Pharmaceutical) 245 $19,443.20 $32,815.20 59.25% $49,288.98 $11,628.76 12.97% 86.42% 0.64
Education 31 $575.80 $712.01 80.87% $183.55 $18.13 0.33% 11.71% 1.29
Electrical Equipment 103 $5,779.30 $3,426.65 168.66% $6,523.26 $330.38 9.82% 164.90% 1.47
Electronics (Consumer & Office) 13 $100.62 $154.27 65.22% $0.00 $39.38 -0.22% NA 1.67
Electronics (General) 129 $5,559.68 $3,481.00 159.71% $3,266.11 $287.88 4.12% 56.54% 1.68
Engineering/Construction 43 $4,095.55 $2,596.46 157.74% $2,132.14 -$33.13 2.64% 80.31% 3.11
Entertainment 98 $10,458.65 $17,311.89 60.41% $685.46 $770.28 -2.26% -45.56% 1.11
Environmental & Waste Services 57 $5,689.45 $4,920.94 115.62% $3,926.48 $11.94 6.48% 62.11% 2.29
Farming/Agriculture 42 $8,840.48 $3,425.91 258.05% $1,296.62 $314.93 2.70% 33.23% 1.83
Financial Svcs. (Non-bank & Insurance) 172 $13,452.16 $20,885.88 64.41% $22,232.61 $141.11 2.84% 23.11% 0.06
Food Processing 82 $11,855.99 $7,137.67 166.10% $2,871.45 $16.94 2.65% 31.25% 1.72
Food Wholesalers 14 $2,120.28 $896.50 236.51% $824.60 $0.00 0.90% 53.61% 8.02
Furn/Home Furnishings 31 $1,961.41 $1,299.25 150.96% $3,694.86 $4.45 7.22% 137.52% 1.96
Green & Renewable Energy 17 $3,223.79 $2,214.12 145.60% $477.80 $0.94 20.46% 106.14% 0.20
Healthcare Products 230 $10,842.89 $12,382.73 87.56% $5,165.74 $968.83 2.08% 20.02% 0.99
Healthcare Support Services 119 $15,734.74 $19,154.94 82.14% $46,169.41 -$34.83 1.92% 65.12% 12.88
Heathcare Information and Technology 128 $7,002.70 $10,938.37 64.02% $7,902.46 $174.65 2.67% 22.03% 1.04
Homebuilding 32 $878.17 $810.15 108.40% $552.27 $0.00 0.36% 2.91% 1.55
Hospitals/Healthcare Facilities 32 $8,667.12 $6,343.95 136.62% $734.29 -$0.08 2.20% 23.63% 1.87
Hotel/Gaming 68 $13,010.79 $15,498.64 83.95% $4,363.51 $289.84 1.12% 9.22% 0.81
Household Products 93 $7,794.63 $7,293.83 106.87% $1,433.59 $100.28 0.94% 7.18% 1.99
Information Services 18 $684.12 $2,023.83 33.80% $0.16 $36.60 -3.63% -39.87% 2.19
Insurance (General) 21 $983.74 $6,882.55 14.29% $3,143.90 -$1.45 -2.60% -21.58% 1.19
Insurance (Life) 23 $391.97 $5,967.06 6.57% $35.00 $0.00 -2.56% NA 0.94
Insurance (Prop/Cas.) 50 $2,487.87 $3,860.31 64.45% $957.17 $0.00 -0.13% -2.22% 1.69
Investments & Asset Management 334 $4,062.39 -$3,139.99 NA $1,226.62 -$43.19 6.14% 52.57% 0.47
Machinery 103 $4,568.47 $6,140.55 74.40% $13,377.92 $216.64 6.43% 55.13% 1.87
Metals & Mining 68 $7,053.67 $3,879.87 181.80% $22.10 $4.15 5.91% 48.01% 1.25
Office Equipment & Services 17 $425.34 $439.83 96.70% $376.65 $5.63 1.98% 38.88% 2.07
Oil/Gas (Integrated) 4 $43,046.60 $43,853.20 98.16% $689.00 -$7.60 -0.02% -0.19% 1.37
Oil/Gas (Production and Exploration) 166 $78,323.86 $46,826.76 167.26% $10,324.44 $5.97 16.05% 53.41% 0.80
Oil/Gas Distribution 24 $17,087.32 $9,771.69 174.87% $6,248.36 -$1.64 13.12% 41.85% 0.59
Oilfield Svcs/Equip. 100 $17,751.71 $18,222.97 97.41% $4,680.48 $119.23 0.58% 8.35% 3.55
Packaging & Container 22 $9,005.74 $5,657.56 159.18% $3,739.67 $9.86 4.83% 61.23% 1.74
Paper/Forest Products 7 $747.90 $421.30 177.52% $167.00 $6.40 5.07% 72.24% 2.14
Power 50 $130,948.38 $49,784.37 263.03% $6,395.66 -$2.77 22.70% 160.73% 0.41
Precious Metals 61 $5,102.00 $3,440.84 148.28% $270.20 -$15.58 9.54% 123.95% 0.51
Publishing & Newspapers 21 $957.90 $1,392.73 68.78% $65.06 $25.74 -1.29% -22.45% 2.00
R.E.I.T. 193 $5,487.03 $43,015.32 12.76% $9,550.78 $1.42 -15.12% -71.80% 0.14
Real Estate (Development) 17 $68.87 $229.40 30.02% -$0.11 $0.00 -5.93% -65.22% 0.27
Real Estate (General/Diversified) 11 $34.43 $71.49 48.16% -$25.20 $0.00 -5.14% -38.31% 0.37
Real Estate (Operations & Services) 60 $1,237.12 $3,098.28 39.93% $756.85 -$2.71 -1.17% NA 1.45
Recreation 55 $4,392.12 $2,847.79 154.23% $434.74 $3.50 3.21% 53.40% 1.28
Reinsurance 1 $26.00 -$50.50 NA $700.00 $0.00 4.33% 58.16% 4.05
Restaurant/Dining 64 $9,499.32 $5,590.49 169.92% $1,739.35 $208.18 3.57% 33.52% 1.62
Retail (Automotive) 30 $5,022.43 $3,079.18 163.11% $3,780.28 $9.14 2.18% 51.48% 2.67
Retail (Building Supply) 16 $6,839.07 $5,278.11 129.57% $817.47 $11.72 0.85% 9.09% 3.64
Retail (Distributors) 62 $12,146.68 $2,017.72 602.00% $7,782.36 -$18.23 9.22% 98.72% 1.82
Retail (General) 26 $91,418.30 $68,712.66 133.04% $6,519.09 $10,886.79 2.28% 71.89% 2.41
Retail (Grocery and Food) 14 $7,160.26 $5,581.53 128.28% $235.20 $1,751.10 1.33% 98.22% 4.76
Retail (REITs) 28 $1,221.62 $7,773.80 15.71% $281.60 $0.16 -26.53% -78.89% 0.13
Retail (Special Lines) 105 $12,420.16 $8,604.31 144.35% $8,887.93 $68.06 2.66% 73.42% 3.11
Rubber& Tires 3 $1,103.06 $970.48 113.66% $0.00 $11.20 0.71% 33.60% 1.45
Semiconductor 63 $50,648.62 $34,873.66 145.23% $2,347.88 $2,429.62 6.90% 39.19% 0.58
Semiconductor Equip 30 $4,144.89 $2,871.68 144.34% $310.07 $541.15 2.60% 12.15% 1.16
Shipbuilding & Marine 8 $764.58 $508.48 150.37% $44.75 $0.00 4.03% 41.47% 0.83
Shoe 13 $621.71 $1,073.80 57.90% $70.40 $4.64 -0.52% -5.19% 2.23
Software (Entertainment) 84 $58,493.11 $27,370.75 213.71% $1,361.24 $7,691.63 8.70% 39.53% 0.74
Software (Internet) 35 $1,608.53 $1,929.46 83.37% $542.04 $595.30 2.83% NA 0.64
Software (System & Application) 351 $44,068.54 $31,547.59 139.69% $12,688.50 $4,845.83 5.92% 28.74% 0.92
Steel 29 $9,603.38 $3,732.33 257.30% $647.05 $2.07 4.21% 43.30% 2.17
Telecom (Wireless) 13 $13,547.89 $14,428.33 93.90% $614.00 $1.33 -0.30% -2.65% 0.48
Telecom. Equipment 66 $3,187.03 $2,101.35 151.67% $2,472.06 $1,006.66 3.98% 24.34% 1.45
Telecom. Services 42 $47,691.48 $41,983.49 113.60% $1,222.23 $0.77 2.43% 13.10% 0.60
Tobacco 16 $1,661.64 $680.15 244.31% $19,509.40 $17.10 33.43% 103.59% 2.18
Transportation 36 $25,367.37 $9,980.45 254.17% $766.84 $212.27 5.61% 91.83% 2.07
Transportation (Railroads) 4 $8,083.60 $5,240.90 154.24% $39.45 $0.00 5.60% 20.82% 0.49
Trucking 22 $13,491.00 $6,323.70 213.34% $1,119.40 -$67.90 9.10% 142.42% 1.84
Utility (General) 14 $46,892.20 $16,452.30 285.02% $1,026.20 $0.80 25.91% 141.98% 0.35
Utility (Water) 13 $4,777.57 $1,352.28 353.30% $135.18 $0.00 40.18% 152.48% 0.25
Grand Total 6481 $1,213,262.93 $926,828.07 130.90% $356,755.66 $56,142.00 3.34% 36.84% 0.79
Total Market (without financials) 5214 $1,169,684.89 $887,725.88 131.76% $356,077.78 $56,234.91 3.71% 38.86% 1.28


Last updated January 2024

By Aswath Damodaran