Financing Flows by Sector (US)Data Used: Multiple data services
Date of Analysis: Data used is as of January 2023
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 | 58 | $ 1,053.13 | $ 1,310.27 | $ 264.08 | $ (1,046.19) | -9.12% | $ 3,449.81 | $ 4,189.24 | $ 739.43 | 3.32% | $ 65.32 |
| Aerospace/Defense | 77 | $ 10,261.13 | $ 17,647.97 | $ 1,566.41 | $ (16,081.57) | -10.94% | $ 22,384.79 | $ 18,181.54 | $ (4,203.25) | -2.27% | $ 826.29 |
| Air Transport | 21 | $ - | $ 402.29 | $ 546.25 | $ 143.96 | 0.50% | $ 16,825.76 | $ 3,372.43 | $ (13,453.33) | -11.12% | $ 15,000.96 |
| Apparel | 39 | $ 1,985.68 | $ 6,022.29 | $ 166.51 | $ (5,855.78) | -21.66% | $ 8,702.80 | $ 9,968.81 | $ 1,266.01 | 6.11% | $ (382.44) |
| Auto & Truck | 31 | $ 2,124.50 | $ 2,502.55 | $ 12,522.01 | $ 10,019.47 | 7.80% | $ 111,264.34 | $ 105,050.33 | $ (6,214.00) | -2.38% | $ 1,745.05 |
| Auto Parts | 37 | $ 694.40 | $ 947.44 | $ 48.86 | $ (898.57) | -3.38% | $ 6,222.70 | $ 7,773.15 | $ 1,550.45 | 7.45% | $ 642.69 |
| Bank (Money Center) | 7 | $ 29,107.12 | $ 33,755.00 | $ 21.00 | $ (33,734.00) | -3.73% | $ 222,181.00 | $ 361,349.00 | $ 139,168.00 | 6.71% | $ - |
| Banks (Regional) | 557 | $ 19,659.99 | $ 17,486.16 | $ 3,177.16 | $ (14,308.99) | -2.50% | $ 183,916.69 | $ 318,254.16 | $ 134,337.47 | 30.24% | $ - |
| Beverage (Alcoholic) | 23 | $ 1,270.60 | $ 1,578.01 | $ 256.31 | $ (1,321.71) | -4.34% | $ 2,728.08 | $ 2,817.91 | $ 89.84 | 0.43% | $ (131.13) |
| Beverage (Soft) | 31 | $ 12,915.35 | $ 3,291.13 | $ 1,181.70 | $ (2,109.43) | -2.95% | $ 15,718.89 | $ 19,825.88 | $ 4,106.99 | 4.32% | $ 522.18 |
| Broadcasting | 26 | $ 1,266.31 | $ 2,210.38 | $ 11.86 | $ (2,198.52) | -5.18% | $ 9,048.76 | $ 7,292.98 | $ (1,755.78) | -2.90% | $ 268.70 |
| Brokerage & Investment Banking | 30 | $ 11,022.99 | $ 21,518.54 | $ 404.46 | $ (21,114.08) | -7.38% | $ 119,609.35 | $ 190,786.19 | $ 71,176.84 | 6.97% | $ 153.10 |
| Building Materials | 45 | $ 1,861.54 | $ 10,173.26 | $ 276.00 | $ (9,897.27) | -22.54% | $ 23,826.44 | $ 27,448.43 | $ 3,621.98 | 8.81% | $ 1,199.30 |
| Business & Consumer Services | 164 | $ 3,112.87 | $ 9,400.01 | $ 3,568.89 | $ (5,831.12) | -6.79% | $ 32,125.21 | $ 37,304.79 | $ 5,179.58 | 5.62% | $ 5,929.20 |
| Cable TV | 10 | $ 5,128.40 | $ 31,752.90 | $ 48.30 | $ (31,704.60) | -21.80% | $ 31,542.80 | $ 41,007.10 | $ 9,464.30 | 3.47% | $ (1,925.10) |
| Chemical (Basic) | 38 | $ 4,333.80 | $ 5,330.59 | $ 482.40 | $ (4,848.20) | -10.66% | $ 6,599.61 | $ 3,630.47 | $ (2,969.14) | -6.68% | $ 2,202.38 |
| Chemical (Diversified) | 4 | $ 330.00 | $ 1,421.10 | $ 68.00 | $ (1,353.10) | -26.01% | $ 651.12 | $ 728.95 | $ 77.84 | 1.36% | $ (102.00) |
| Chemical (Specialty) | 76 | $ 7,557.41 | $ 12,554.44 | $ 1,021.40 | $ (11,533.04) | -7.06% | $ 18,618.45 | $ 38,052.56 | $ 19,434.11 | 15.98% | $ 826.67 |
| Coal & Related Energy | 19 | $ 513.96 | $ 95.86 | $ 918.42 | $ 822.56 | 24.23% | $ 2,773.84 | $ 1,721.74 | $ (1,052.09) | -31.26% | $ (285.31) |
| Computer Services | 80 | $ 7,172.66 | $ 6,236.53 | $ 514.11 | $ (5,722.41) | -9.07% | $ 25,071.77 | $ 30,260.71 | $ 5,188.94 | 6.27% | $ (2,400.60) |
| Computers/Peripherals | 42 | $ 18,124.95 | $ 106,000.63 | $ 561.08 | $ (105,439.55) | -94.90% | $ 44,260.10 | $ 42,173.83 | $ (2,086.27) | -1.08% | $ 17,260.58 |
| Construction Supplies | 49 | $ 4,538.96 | $ 8,149.48 | $ 606.37 | $ (7,543.10) | -10.03% | $ 21,453.27 | $ 27,427.54 | $ 5,974.26 | 6.96% | $ 69.42 |
| Diversified | 23 | $ 6,865.35 | $ 18,533.60 | $ 1,576.16 | $ (16,957.44) | -3.07% | $ 49,421.89 | $ 29,399.01 | $ (20,022.89) | -9.81% | $ (606.10) |
| Drugs (Biotechnology) | 598 | $ 17,685.00 | $ 19,614.36 | $ 23,564.13 | $ 3,949.77 | 2.00% | $ 25,599.99 | $ 19,656.77 | $ (5,943.22) | -3.48% | $ 9,053.12 |
| Drugs (Pharmaceutical) | 281 | $ 37,183.45 | $ 20,357.48 | $ 7,370.99 | $ (12,986.49) | -4.40% | $ 40,326.62 | $ 37,543.17 | $ (2,783.45) | -1.23% | $ 2,680.93 |
| Education | 33 | $ 90.00 | $ 2,551.94 | $ 537.31 | $ (2,014.63) | -12.45% | $ 2,916.37 | $ 1,823.95 | $ (1,092.42) | -19.22% | $ 287.55 |
| Electrical Equipment | 110 | $ 2,409.19 | $ 4,298.04 | $ 3,019.81 | $ (1,278.24) | -2.41% | $ 12,168.16 | $ 22,778.67 | $ 10,610.51 | 21.88% | $ 589.93 |
| Electronics (Consumer & Office) | 16 | $ - | $ 298.97 | $ 68.91 | $ (230.06) | -7.45% | $ 739.48 | $ 749.18 | $ 9.70 | 1.25% | $ 38.42 |
| Electronics (General) | 138 | $ 916.43 | $ 6,759.34 | $ 2,754.53 | $ (4,004.82) | -5.76% | $ 14,068.37 | $ 21,459.66 | $ 7,391.29 | 18.06% | $ 938.76 |
| Engineering/Construction | 43 | $ 432.10 | $ 2,475.68 | $ 180.09 | $ (2,295.59) | -6.72% | $ 19,351.81 | $ 24,937.62 | $ 5,585.81 | 19.09% | $ 2,099.12 |
| Entertainment | 110 | $ 959.84 | $ 2,421.33 | $ 821.10 | $ (1,600.23) | -0.99% | $ 19,346.44 | $ 12,644.79 | $ (6,701.66) | -4.30% | $ 785.16 |
| Environmental & Waste Services | 62 | $ 2,146.70 | $ 2,334.82 | $ 506.20 | $ (1,828.61) | -6.49% | $ 21,682.52 | $ 26,672.44 | $ 4,989.93 | 13.45% | $ 557.71 |
| Farming/Agriculture | 39 | $ 3,015.71 | $ 5,785.98 | $ 389.13 | $ (5,396.85) | -8.90% | $ 48,510.48 | $ 57,682.40 | $ 9,171.92 | 11.81% | $ 6,595.70 |
| Financial Svcs. (Non-bank & Insurance) | 223 | $ 13,017.30 | $ 52,082.52 | $ 1,774.46 | $ (50,308.06) | -25.36% | $ 2,452,927.83 | $ 2,204,176.21 | $ (248,751.62) | -3.15% | $ 57.74 |
| Food Processing | 92 | $ 10,574.62 | $ 6,829.90 | $ 1,832.64 | $ (4,997.26) | -2.93% | $ 21,685.64 | $ 20,211.89 | $ (1,473.75) | -1.16% | $ (376.24) |
| Food Wholesalers | 14 | $ 1,021.60 | $ 888.39 | $ 210.47 | $ (677.92) | -5.49% | $ 10,234.97 | $ 10,895.97 | $ 661.00 | 2.64% | $ (1,235.77) |
| Furn/Home Furnishings | 32 | $ 796.43 | $ 3,210.65 | $ 149.16 | $ (3,061.48) | -14.24% | $ 17,988.07 | $ 20,213.86 | $ 2,225.80 | 13.74% | $ 609.31 |
| Green & Renewable Energy | 19 | $ 657.02 | $ 18.09 | $ 11.53 | $ (6.57) | -0.10% | $ 6,394.10 | $ 8,829.17 | $ 2,435.08 | 8.61% | $ 134.10 |
| Healthcare Products | 254 | $ 6,570.31 | $ 11,811.31 | $ 3,822.24 | $ (7,989.07) | -3.98% | $ 23,482.00 | $ 36,865.89 | $ 13,383.89 | 11.70% | $ 960.61 |
| Healthcare Support Services | 131 | $ 13,557.74 | $ 35,544.30 | $ 4,422.67 | $ (31,121.63) | -9.36% | $ 48,058.75 | $ 43,231.82 | $ (4,826.93) | -1.93% | $ 2,036.06 |
| Heathcare Information and Technology | 138 | $ 1,581.92 | $ 9,314.39 | $ 1,706.33 | $ (7,608.06) | -4.13% | $ 28,801.22 | $ 36,137.49 | $ 7,336.27 | 7.09% | $ 1,523.98 |
| Homebuilding | 32 | $ 1,361.39 | $ 7,189.24 | $ 219.08 | $ (6,970.16) | -8.58% | $ 33,670.82 | $ 34,909.28 | $ 1,238.46 | 3.12% | $ (274.61) |
| Hospitals/Healthcare Facilities | 34 | $ 949.00 | $ 9,028.21 | $ 500.43 | $ (8,527.79) | -59.74% | $ 10,403.56 | $ 17,026.79 | $ 6,623.22 | 7.59% | $ (408.93) |
| Hotel/Gaming | 69 | $ 793.83 | $ 16,407.63 | $ 1,622.04 | $ (14,785.59) | -23.31% | $ 39,901.67 | $ 37,330.84 | $ (2,570.83) | -1.12% | $ 1,426.30 |
| Household Products | 127 | $ 14,431.34 | $ 16,419.82 | $ 2,784.99 | $ (13,634.82) | -19.97% | $ 25,223.45 | $ 31,434.87 | $ 6,211.42 | 6.61% | $ 562.16 |
| Information Services | 73 | $ 10,475.09 | $ 38,303.11 | $ 2,401.19 | $ (35,901.92) | -17.07% | $ 114,887.31 | $ 129,708.50 | $ 14,821.19 | 9.17% | $ 21.54 |
| Insurance (General) | 21 | $ 3,403.41 | $ 10,382.84 | $ 368.91 | $ (10,013.93) | -8.64% | $ 15,777.83 | $ 20,399.46 | $ 4,621.63 | 7.17% | $ (239.90) |
| Insurance (Life) | 27 | $ 5,853.45 | $ 13,265.63 | $ 679.13 | $ (12,586.50) | -4.59% | $ 13,671.20 | $ 8,900.80 | $ (4,770.40) | -2.50% | $ (199.01) |
| Insurance (Prop/Cas.) | 51 | $ 7,922.51 | $ 8,759.52 | $ 502.77 | $ (8,256.75) | -4.36% | $ 28,241.66 | $ 29,075.42 | $ 833.76 | 1.28% | $ (238.32) |
| Investments & Asset Management | 600 | $ 15,100.19 | $ 18,189.54 | $ 49,273.27 | $ 31,083.73 | 15.08% | $ 40,247.22 | $ 70,143.26 | $ 29,896.04 | 13.81% | $ 765.51 |
| Machinery | 116 | $ 5,613.08 | $ 9,412.35 | $ 1,136.28 | $ (8,276.07) | -8.38% | $ 15,614.11 | $ 34,389.54 | $ 18,775.43 | 23.16% | $ 406.62 |
| Metals & Mining | 68 | $ 4,009.40 | $ 2,794.21 | $ 400.89 | $ (2,393.32) | -7.87% | $ 6,835.29 | $ 8,729.94 | $ 1,894.65 | 7.57% | $ 112.59 |
| Office Equipment & Services | 16 | $ 392.50 | $ 220.82 | $ 36.46 | $ (184.36) | -3.10% | $ 3,606.20 | $ 4,703.26 | $ 1,097.06 | 16.05% | $ 522.67 |
| Oil/Gas (Integrated) | 4 | $ 26,119.36 | $ 14,924.10 | $ 336.00 | $ (14,588.10) | -4.77% | $ 37,287.50 | $ 1,498.60 | $ (35,788.90) | -39.82% | $ (2,723.40) |
| Oil/Gas (Production and Exploration) | 174 | $ 20,127.07 | $ 24,013.46 | $ 2,103.19 | $ (21,910.27) | -11.84% | $ 88,794.35 | $ 76,092.24 | $ (12,702.11) | -11.12% | $ (3,857.12) |
| Oil/Gas Distribution | 23 | $ 8,450.90 | $ 1,997.79 | $ 618.90 | $ (1,378.89) | -2.10% | $ 48,690.09 | $ 50,631.43 | $ 1,941.34 | 1.40% | $ 2,410.22 |
| Oilfield Svcs/Equip. | 101 | $ 7,323.11 | $ 19,108.79 | $ 1,159.63 | $ (17,949.16) | -13.28% | $ 43,077.14 | $ 33,208.89 | $ (9,868.25) | -8.95% | $ (5,871.21) |
| Packaging & Container | 25 | $ 2,718.41 | $ 6,317.69 | $ 119.63 | $ (6,198.06) | -12.89% | $ 25,237.13 | $ 25,168.23 | $ (68.91) | -0.09% | $ 589.90 |
| Paper/Forest Products | 7 | $ 99.00 | $ 1,218.70 | $ 4.09 | $ (1,214.61) | -45.29% | $ 481.00 | $ 464.55 | $ (16.45) | -0.55% | $ 87.77 |
| Power | 48 | $ 21,251.45 | $ 3,264.99 | $ 10,718.90 | $ 7,453.91 | 1.99% | $ 80,919.84 | $ 134,269.30 | $ 53,349.46 | 8.62% | $ 6,812.56 |
| Precious Metals | 74 | $ 1,943.35 | $ 430.83 | $ 677.26 | $ 246.44 | 0.74% | $ 1,544.02 | $ 2,404.52 | $ 860.50 | 9.66% | $ 577.01 |
| Publishing & Newspapers | 20 | $ 407.90 | $ 619.51 | $ 38.25 | $ (581.27) | -3.84% | $ 4,498.51 | $ 5,148.90 | $ 650.39 | 7.83% | $ (434.15) |
| R.E.I.T. | 223 | $ 51,601.83 | $ 5,995.21 | $ 43,873.10 | $ 37,877.89 | 7.01% | $ 6,392,926.87 | $ 6,454,808.55 | $ 61,881.68 | 6.54% | $ 3,717.42 |
| Real Estate (Development) | 18 | $ - | $ 510.26 | $ 40.40 | $ (469.87) | -9.17% | $ 1,100.29 | $ 1,192.34 | $ 92.05 | 1.68% | $ 4.13 |
| Real Estate (General/Diversified) | 12 | $ 48.10 | $ 41.41 | $ - | $ (41.41) | -1.91% | $ 102.51 | $ 203.00 | $ 100.49 | 7.84% | $ 18.49 |
| Real Estate (Operations & Services) | 60 | $ 229.56 | $ 4,508.81 | $ 242.76 | $ (4,266.05) | -18.38% | $ 44,094.30 | $ 44,481.91 | $ 387.61 | 0.95% | $ (1,367.47) |
| Recreation | 57 | $ 1,069.82 | $ 2,981.69 | $ 2,890.65 | $ (91.04) | -0.46% | $ 7,785.71 | $ 9,884.99 | $ 2,099.27 | 6.81% | $ 1,768.80 |
| Reinsurance | 1 | $ 201.00 | $ 105.00 | $ - | $ (105.00) | -0.81% | $ 469.00 | $ 1,200.00 | $ 731.00 | 17.38% | $ - |
| Restaurant/Dining | 70 | $ 8,430.28 | $ 13,767.54 | $ 1,696.38 | $ (12,071.16) | 117.92% | $ 9,932.40 | $ 15,655.16 | $ 5,722.76 | 6.07% | $ 7,009.12 |
| Retail (Automotive) | 30 | $ 738.77 | $ 14,007.71 | $ 2,238.94 | $ (11,768.77) | -46.17% | $ 72,580.38 | $ 87,806.56 | $ 15,226.18 | 20.99% | $ 2,166.29 |
| Retail (Building Supply) | 15 | $ 10,186.13 | $ 27,760.53 | $ 772.61 | $ (26,987.93) | -480.43% | $ 7,137.38 | $ 20,064.40 | $ 12,927.02 | 15.61% | $ 3,468.30 |
| Retail (Distributors) | 69 | $ 3,130.07 | $ 5,182.13 | $ 297.56 | $ (4,884.57) | -9.25% | $ 39,877.30 | $ 47,026.27 | $ 7,148.97 | 9.48% | $ 869.42 |
| Retail (General) | 15 | $ 10,568.63 | $ 23,046.74 | $ 63.15 | $ (22,983.59) | -16.15% | $ 9,686.27 | $ 27,855.10 | $ 18,168.83 | 17.78% | $ 908.40 |
| Retail (Grocery and Food) | 13 | $ 1,013.25 | $ 1,867.21 | $ 294.99 | $ (1,572.22) | -8.60% | $ 1,932.08 | $ 338.53 | $ (1,593.55) | -6.56% | $ 278.00 |
| Retail (Online) | 63 | $ 513.40 | $ 13,400.94 | $ 1,155.10 | $ (12,245.84) | -8.44% | $ 40,789.06 | $ 51,976.95 | $ 11,187.90 | 8.98% | $ 20,734.79 |
| Retail (Special Lines) | 78 | $ 5,685.91 | $ 16,946.71 | $ 525.44 | $ (16,421.27) | -22.61% | $ 21,154.64 | $ 25,901.75 | $ 4,747.11 | 9.55% | $ 7,061.25 |
| Rubber& Tires | 3 | $ - | $ - | $ 1.46 | $ 1.46 | 0.03% | $ 11,218.75 | $ 11,866.84 | $ 648.09 | 7.49% | $ 170.31 |
| Semiconductor | 68 | $ 23,911.23 | $ 43,156.51 | $ 4,797.99 | $ (38,358.53) | -12.00% | $ 28,297.59 | $ 33,046.43 | $ 4,748.85 | 2.95% | $ 4,155.79 |
| Semiconductor Equip | 30 | $ 2,591.80 | $ 14,511.78 | $ 1,062.36 | $ (13,449.42) | -34.39% | $ 3,321.89 | $ 15,337.79 | $ 12,015.90 | 37.97% | $ 748.98 |
| Shipbuilding & Marine | 8 | $ 256.30 | $ 428.83 | $ 55.79 | $ (373.04) | -6.35% | $ 1,108.66 | $ 678.70 | $ (429.96) | -17.44% | $ 277.85 |
| Shoe | 13 | $ 2,072.05 | $ 1,250.65 | $ 260.89 | $ (989.76) | -4.66% | $ 1,273.20 | $ 3,810.84 | $ 2,537.64 | 17.87% | $ 526.62 |
| Software (Entertainment) | 91 | $ 60.03 | $ 106,134.36 | $ 2,530.67 | $ (103,603.69) | -25.74% | $ 54,494.10 | $ 65,800.93 | $ 11,306.83 | 24.63% | $ 5,450.79 |
| Software (Internet) | 33 | $ 0.34 | $ 4,187.50 | $ 788.88 | $ (3,398.62) | -10.32% | $ 451.68 | $ 2,080.99 | $ 1,629.31 | 6.78% | $ 282.63 |
| Software (System & Application) | 390 | $ 24,238.73 | $ 57,549.91 | $ 17,309.30 | $ (40,240.61) | -11.11% | $ 48,503.83 | $ 70,830.03 | $ 22,326.20 | 7.59% | $ 2,362.42 |
| Steel | 28 | $ 1,342.77 | $ 8,353.08 | $ 57.75 | $ (8,295.33) | -17.42% | $ 16,865.63 | $ 15,515.90 | $ (1,349.73) | -4.97% | $ 926.57 |
| Telecom (Wireless) | 16 | $ 145.71 | $ 889.03 | $ 23.67 | $ (865.35) | -1.11% | $ 6,899.23 | $ 8,259.75 | $ 1,360.52 | 1.54% | $ 12,942.62 |
| Telecom. Equipment | 79 | $ 7,183.58 | $ 13,607.60 | $ 1,308.26 | $ (12,299.34) | -17.60% | $ 5,318.71 | $ 7,516.99 | $ 2,198.29 | 5.82% | $ (99.33) |
| Telecom. Services | 49 | $ 21,546.93 | $ 1,484.83 | $ 367.29 | $ (1,117.54) | -0.42% | $ 78,068.79 | $ 34,478.35 | $ (43,590.45) | -13.01% | $ (660.07) |
| Tobacco | 15 | $ 14,569.30 | $ 3,110.10 | $ 41.67 | $ (3,068.43) | 28.89% | $ 5,318.74 | $ 4,263.23 | $ (1,055.51) | -1.83% | $ 167.99 |
| Transportation | 18 | $ 6,209.10 | $ 8,165.20 | $ 625.23 | $ (7,539.97) | -14.94% | $ 8,077.24 | $ 7,725.57 | $ (351.67) | -0.72% | $ 7,155.94 |
| Transportation (Railroads) | 4 | $ 5,115.98 | $ 14,441.00 | $ 9.00 | $ (14,432.00) | -33.96% | $ 3,340.00 | $ 10,794.40 | $ 7,454.40 | 10.92% | $ 92.70 |
| Trucking | 35 | $ 729.19 | $ 8,773.63 | $ 269.72 | $ (8,503.91) | -16.83% | $ 33,055.51 | $ 40,846.27 | $ 7,790.76 | 11.95% | $ 13,712.54 |
| Utility (General) | 15 | $ 9,711.00 | $ 1,434.70 | $ 2,703.60 | $ 1,268.90 | 0.87% | $ 29,896.10 | $ 40,538.40 | $ 10,642.30 | 4.55% | $ 12.80 |
| Utility (Water) | 16 | $ 937.33 | $ 21.80 | $ 281.89 | $ 260.10 | 1.66% | $ 1,214.58 | $ 2,971.65 | $ 1,757.06 | 7.73% | $ 14.42 |
| Total Market | 7165 | $ 636,300.29 | $ 1,144,809.06 | $ 245,237.16 | $ (899,571.89) | -8.08% | $ 11,457,582.58 | $ 11,854,924.87 | $ 397,342.29 | 1.94% | $ 163,142.05 |
| Total Market (without financials) | 5649 | $ 531,213.34 | $ 969,369.32 | $ 189,036.00 | $ (780,333.32) | -9.30% | $ 8,381,009.80 | $ 8,651,840.37 | $ 270,830.57 | 3.18% | $ 162,842.93 |
Last updated in January 2023
By Aswath Damodaran