Capital Expenditures by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2019

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/capex.xls

For global datasets: http://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(US $ millions) Cap Ex/Deprecn Acquisitions(US $ millions) Net R&D(US $ millions) Net Cap Ex/Sales Net Cap Ex/ EBIT (1-t) Sales/Capital
Advertising 48 $582.51 $825.37 70.58% $580.85 $0.76 1.12% 13.63% 5.78
Aerospace/Defense 85 $10,725.53 $10,952.94 97.92% $22,898.04 $137.08 5.65% 61.85% 3.72
Air Transport 18 $19,791.43 $9,491.23 208.52% $14.10 $11.60 5.78% 66.18% 1.40
Apparel 50 $1,692.04 $1,699.89 99.54% $1,105.95 $0.01 1.70% 22.65% 1.62
Auto & Truck 14 $37,127.24 $22,605.93 164.24% $135.10 $688.61 4.52% 157.99% 0.90
Auto Parts 52 $3,796.19 $1,522.89 249.27% $634.78 $270.45 3.67% 54.82% 2.50
Bank (Money Center) 10 $3,545.09 $0.00 NA $307.00 $0.00 1.07% NA 0.14
Banks (Regional) 633 $7,086.31 $0.00 NA -$97.31 $0.00 3.94% NA 0.27
Beverage (Alcoholic) 31 $1,761.95 $703.46 250.47% $38.50 $0.03 4.58% 21.97% 0.83
Beverage (Soft) 37 $4,791.93 $3,829.68 125.13% $3,995.50 -$11.34 4.46% 38.96% 1.30
Broadcasting 24 $1,228.91 $3,234.86 37.99% $9,596.94 $3.49 15.33% 80.28% 1.23
Brokerage & Investment Banking 38 $10,101.62 $2,402.32 420.49% $1,403.07 $2.72 5.90% 2504.90% 0.19
Building Materials 42 $2,334.65 $1,673.83 139.48% $4,972.58 $12.32 7.64% 110.14% 2.49
Business & Consumer Services 168 $3,993.55 $6,344.01 62.95% $5,711.42 $36.47 2.63% 29.06% 2.47
Cable TV 14 $22,279.96 $26,451.59 84.23% $68.16 $4.03 -2.37% -13.13% 0.79
Chemical (Basic) 39 $1,934.60 $1,249.30 154.85% $531.10 $13.10 3.54% 32.68% 1.61
Chemical (Diversified) 6 $5,578.40 $3,150.50 177.06% $403.00 $898.80 3.31% 24.66% 1.19
Chemical (Specialty) 89 $7,889.71 $7,584.32 104.03% $7,139.73 $165.14 5.23% 47.90% 1.37
Coal & Related Energy 23 $733.31 $1,374.70 53.34% $6.20 -$5.45 -4.50% -57.92% 1.61
Computer Services 119 $6,150.43 $9,505.76 64.70% $3,554.07 -$86.28 0.03% 0.62% 3.39
Computers/Peripherals 57 $19,746.36 $22,158.41 89.11% $3,058.53 $2,564.72 0.64% 4.92% 1.41
Construction Supplies 48 $9,060.59 $6,126.11 147.90% $4,152.91 $249.74 4.35% 54.77% 1.61
Diversified 23 $23,764.30 $21,376.51 111.17% $5,384.87 $17.06 1.67% 14.55% 0.91
Drugs (Biotechnology) 481 $6,042.90 $8,361.22 72.27% $22,503.76 $4,914.01 17.93% 289.30% 0.42
Drugs (Pharmaceutical) 237 $11,810.69 $21,721.91 54.37% $7,367.97 $2,552.49 0.00% 0.02% 0.70
Education 35 $835.44 $719.19 116.16% $69.28 $14.95 1.17% 14.75% 1.47
Electrical Equipment 116 $2,702.85 $1,808.83 149.42% $4,653.87 $190.59 9.26% 90.64% 2.03
Electronics (Consumer & Office) 19 $104.98 $141.09 74.41% $4.84 -$6.39 -0.84% NA 1.81
Electronics (General) 160 $6,030.12 $2,466.14 244.52% $5,812.35 $568.24 9.43% 165.96% 1.59
Engineering/Construction 52 $2,122.50 $2,072.71 102.40% $4,661.17 $3.97 3.56% 106.62% 5.31
Entertainment 120 $7,381.06 $6,920.97 106.65% $2,531.30 $286.98 1.98% 12.53% 1.53
Environmental & Waste Services 91 $4,496.91 $4,552.93 98.77% $2,199.68 $0.70 3.68% 30.71% 1.78
Farming/Agriculture 33 $5,508.70 $4,123.88 133.58% $7,125.00 $254.01 4.98% 133.20% 1.77
Financial Svcs. (Non-bank & Insurance) 259 $18,055.39 $2,450.81 736.71% $4,755.51 $77.07 9.31% 135.83% 0.04
Food Processing 83 $8,507.16 $6,151.05 138.30% $28,653.45 -$10.70 13.22% 106.53% 1.59
Food Wholesalers 18 $1,437.23 $1,526.77 94.14% $2,574.27 $0.00 1.99% 74.31% 7.68
Furn/Home Furnishings 30 $2,002.99 $773.94 258.80% $774.32 $20.36 4.32% 61.29% 2.03
Green & Renewable Energy 21 $453.61 $654.80 69.27% $1,174.30 $0.39 51.62% 398.45% 0.19
Healthcare Products 248 $8,861.50 $10,790.33 82.12% $27,880.91 $1,202.43 16.31% 161.53% 1.08
Healthcare Support Services 111 $10,753.26 $9,504.87 113.13% $23,482.73 -$100.32 1.88% 51.10% 10.79
Heathcare Information and Technology 119 $3,148.72 $5,471.01 57.55% $6,761.85 $447.96 6.15% 62.41% 1.13
Homebuilding 31 $673.81 $467.05 144.27% $2,609.85 $0.00 2.74% 36.89% 1.44
Hospitals/Healthcare Facilities 34 $6,934.42 $5,847.31 118.59% $2,232.85 $0.06 2.75% 38.50% 1.53
Hotel/Gaming 70 $12,564.70 $10,837.69 115.94% $8,718.62 $41.81 9.12% 49.88% 0.79
Household Products 141 $7,289.10 $6,656.75 109.50% $2,653.49 $39.07 1.88% 14.38% 1.64
Information Services 71 $5,441.28 $9,544.80 57.01% $7,615.35 $596.06 2.55% 11.71% 1.58
Insurance (General) 20 $1,902.64 $7,295.40 26.08% $9,203.34 -$0.21 2.94% 38.61% 0.73
Insurance (Life) 23 $389.08 $1,339.16 29.05% $1,594.70 $0.00 0.29% 2.65% 0.80
Insurance (Prop/Cas.) 50 $1,249.23 $2,914.45 42.86% $2,227.24 $0.02 0.30% 2.87% 1.15
Investments & Asset Management 172 $2,777.97 $885.20 313.82% $3,527.03 $7.14 5.09% 33.26% 0.47
Machinery 127 $4,682.78 $4,805.97 97.44% $12,192.19 $131.32 7.64% 74.10% 2.10
Metals & Mining 94 $3,639.63 $3,560.94 102.21% $44.30 $3.28 0.26% 1.86% 1.16
Office Equipment & Services 24 $638.50 $602.86 105.91% $1,541.27 $18.54 6.56% 100.34% 2.70
Oil/Gas (Integrated) 5 $36,951.00 $40,539.00 91.15% $0.00 -$15.20 -0.80% -10.73% 1.03
Oil/Gas (Production and Exploration) 301 $96,244.43 $59,623.66 161.42% $5,692.60 -$1.47 20.29% 168.26% 0.52
Oil/Gas Distribution 20 $15,956.80 $6,936.06 230.06% $200.97 $0.00 13.79% 109.51% 0.47
Oilfield Svcs/Equip. 134 $20,482.41 $18,817.69 108.85% $7,133.93 $70.49 1.62% 37.20% 2.90
Packaging & Container 27 $7,029.01 $5,197.67 135.23% $6,258.22 $4.05 6.62% 77.03% 1.89
Paper/Forest Products 20 $966.76 $920.56 105.02% $89.40 -$0.98 0.62% 9.62% 2.18
Power 51 $87,925.45 $36,323.19 242.06% $2,150.17 -$0.35 18.82% 118.32% 0.43
Precious Metals 91 $2,071.00 $2,500.84 82.81% $463.50 $14.12 0.48% 11.67% 0.45
Publishing & Newspapers 33 $1,403.58 $2,088.42 67.21% $4,687.15 $3.61 8.84% 156.52% 2.34
R.E.I.T. 238 $6,353.71 $41,426.53 15.34% $26,141.57 -$7.74 -4.80% -21.90% 0.14
Real Estate (Development) 18 $338.21 $119.47 283.08% -$15.40 -$0.02 16.22% 328.56% 0.18
Real Estate (General/Diversified) 11 $7.09 $47.73 14.85% $0.00 $0.00 -5.56% -21.83% 0.38
Real Estate (Operations & Services) 59 $550.67 $1,311.55 41.99% $565.94 $10.06 -0.49% -10.27% 1.68
Recreation 72 $1,796.45 $1,686.34 106.53% $2,271.75 $14.41 6.29% 103.84% 1.55
Reinsurance 2 $70.30 $58.90 119.35% $31.40 $0.00 0.21% 2.00% 1.04
Restaurant/Dining 78 $8,411.75 $6,043.88 139.18% $4,497.11 -$1.37 5.55% 52.53% 1.45
Retail (Automotive) 24 $3,091.19 $1,659.38 186.29% $1,101.67 $0.00 1.57% 36.46% 2.39
Retail (Building Supply) 17 $4,875.97 $4,282.47 113.86% $345.98 $1.78 0.45% 5.55% 3.01
Retail (Distributors) 88 $11,139.72 $1,798.14 619.51% $10,458.37 $3.23 11.93% 170.99% 2.03
Retail (General) 19 $21,089.10 $19,506.38 108.11% $13,813.90 $3.72 1.71% 56.38% 4.05
Retail (Grocery and Food) 12 $4,094.19 $3,048.93 134.28% $258.00 $0.00 0.86% 45.00% 4.70
Retail (Online) 79 $16,982.64 $18,206.18 93.28% $4,776.56 -$87.14 1.13% 24.56% 1.99
Retail (Special Lines) 91 $9,648.03 $9,152.67 105.41% $6,948.85 $4.15 1.73% 35.32% 2.53
Rubber& Tires 4 $1,028.12 $924.98 111.15% $1.94 $8.89 0.62% 15.59% 1.37
Semiconductor 72 $32,388.11 $14,300.35 226.48% $15,007.12 $2,495.41 15.43% 67.29% 0.82
Semiconductor Equip 41 $2,283.49 $2,016.06 113.26% $1,207.59 $391.27 3.60% 21.22% 1.25
Shipbuilding & Marine 9 $938.72 $443.64 211.60% $518.10 $0.00 16.46% 193.09% 0.87
Shoe 10 $209.29 $999.34 20.94% -$0.60 $6.32 -1.57% -25.24% 2.29
Software (Entertainment) 92 $35,235.49 $13,742.60 256.40% $2,123.94 $4,372.63 13.88% 76.71% 0.69
Software (Internet) 44 $528.37 $807.77 65.41% $2,916.50 $196.20 25.68% 276.13% 1.20
Software (System & Application) 355 $18,340.88 $18,016.27 101.80% $22,595.86 $4,327.38 9.77% 89.19% 0.75
Steel 37 $3,673.71 $2,144.47 171.31% $808.27 $4.21 2.26% 27.56% 2.61
Telecom (Wireless) 21 $18,869.07 $17,372.13 108.62% $366.00 -$0.74 2.12% 20.37% 0.66
Telecom. Equipment 98 $3,546.55 $2,654.13 133.62% $9,408.81 $708.08 10.47% 108.19% 0.79
Telecom. Services 67 $47,294.18 $54,474.69 86.82% $50,874.25 -$28.27 12.71% 69.40% 0.99
Tobacco 17 $1,928.26 $380.60 506.64% $492.97 $32.79 3.70% 11.57% 1.73
Transportation 19 $13,677.97 $6,791.15 201.41% $225.83 $1.87 3.68% 50.27% 2.94
Transportation (Railroads) 10 $7,746.70 $5,184.89 149.41% $0.00 $0.00 5.05% 13.81% 0.55
Trucking 28 $15,675.96 $4,943.16 317.12% $941.60 $0.00 14.73% 183.63% 1.30
Utility (General) 18 $33,551.80 $15,404.10 217.81% $415.00 $0.00 15.21% 103.85% 0.46
Utility (Water) 19 $2,833.28 $898.00 315.51% $654.48 -$0.40 41.85% 200.50% 0.30
Total Market  7209 $951,365.12 $752,027.59 126.51% $489,171.18 $28,757.84 4.64% 52.40% 0.71
Total Market (without financials) 6004 $906,257.79 $734,740.25 123.34% $466,250.59 $28,671.10 4.79% 51.91% 1.25


Last updated January 2019

By Aswath Damodaran