Capital Expenditures by Sector

Data Used: S&P Capital IQ, Bloomberg and the Fed

Date of Analysis: Data used is as of January 2014

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

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of Firms Capital Expenditures Depreciation Cap Ex/Deprecn Acquisitions Net Cap Ex/Sales Net Cap Ex/ EBIT (1-t) Sales/Capital
Advertising 65 $731.02 $847.92 86.21% $339.46 0.75% 22.42% 3.76
Aerospace/Defense 95 $9,773.23 $469.17 2083.09% $10,495.80 4.86% 30.33% 5.97
Air Transport 25 $11,472.28 $6,265.16 183.11% $80.84 3.76% 130.61% 2.14
Apparel 70 $2,022.85 $107.25 1886.19% $2,569.52 7.16% 31.02% 1.78
Auto & Truck 26 $16,809.49 $10.93 153792.20% $2,217.60 6.09% 195.86% 2.32
Auto Parts 75 $6,321.62 $396.86 1592.89% $1,033.97 4.41% 67.15% 3.54
Bank 7 $0.10 $0.00 NA $3.00 0.00% NA 0.29
Banks (Regional) 721 $7,043.52 $0.00 NA -$3,683.30 2.78% NA 0.26
Beverage  47 $5,857.41 $256.59 2282.81% $1,538.58 5.39% 32.04% 1.59
Beverage (Alcoholic) 19 $740.66 $23.79 3113.71% $4,680.90 36.92% 31.38% 0.70
Biotechnology 349 $2,117.43 $891.89 237.41% $1,465.33 4.89% 33.90% 0.79
Broadcasting 30 $1,092.27 $2,375.09 45.99% $3,699.90 6.03% 13.09% 1.13
Brokerage & Investment Banking 49 $2,877.26 $1,893.25 151.97% $1,412.84 1.59% 149.56% 0.19
Building Materials 37 $1,376.98 $151.23 910.54% $865.10 4.40% 57.68% 2.47
Business & Consumer Services 179 $3,283.95 $2,286.18 143.64% $4,831.74 5.31% 45.04% 2.68
Cable TV 16 $17,397.62 $18,091.27 96.17% $777.00 0.05% 88.24% 1.26
Chemical (Basic) 47 $1,571.60 $88.72 1771.40% $219.63 8.45% 111.53% 1.54
Chemical (Diversified) 10 $5,834.20 $461.05 1265.42% $598.60 4.97% 70.59% 1.90
Chemical (Specialty) 100 $8,357.04 $823.31 1015.05% $4,418.51 8.18% 48.06% 2.11
Coal & Related Energy 45 $3,863.36 $3,865.47 99.95% $10.94 0.03% 421.62% 0.73
Computer Services 129 $4,774.40 $637.49 748.93% $5,885.38 3.25% 19.85% 6.24
Computer Software 273 $8,362.47 $4,523.81 184.85% $11,288.25 7.51% 19.27% 1.83
Computers/Peripherals 66 $14,135.81 $1,456.64 970.44% $3,478.34 4.55% 28.49% 2.39
Construction 18 $532.57 $57.17 931.49% $680.70 14.24% 125.71% 0.95
Diversified 20 $17,200.77 $167.38 10276.54% $2,284.73 9.19% 68.77% 0.39
Educational Services 40 $966.76 $932.71 103.65% $231.41 1.14% 78.88% 1.89
Electrical Equipment 135 $2,508.94 $158.26 1585.31% $2,808.47 7.06% 38.00% 2.87
Electronics 191 $3,861.06 $545.79 707.43% $3,492.81 9.01% 79.45% 1.55
Electronics (Consumer & Office) 26 $565.98 $348.66 162.33% $295.70 1.55% 27.16% 2.39
Engineering 56 $1,971.66 $362.41 544.05% $1,681.30 2.81% 46.64% 4.89
Entertainment 85 $5,275.76 $2,538.58 207.82% $3,969.08 4.78% 26.92% 1.57
Environmental & Waste Services 108 $3,069.51 $3,201.97 95.86% $4,463.52 9.86% 83.63% 1.71
Farming/Agriculture 29 $2,649.85 $90.78 2918.95% $196.25 1.70% 97.27% 3.09
Financial Svcs. 76 $4,408.46 $2,375.27 185.60% $2,561.43 5.36% 78.51% 0.21
Financial Svcs. (Non-bank & Insurance) 17 NA NA NA $4,741.51 3.56% 140.01% 0.12
Food Processing 97 $7,381.27 $576.27 1280.86% $8,411.47 6.26% 36.59% 2.63
Food Wholesalers 18 $760.17 $0.48 159364.78% $566.50 2.20% 48.07% 6.93
Furn/Home Furnishings 36 $1,136.88 $50.06 2271.17% $1,759.79 7.33% 44.59% 2.73
Healthcare Equipment 193 $6,242.04 $1,397.39 446.69% $8,709.66 9.38% 24.84% 1.51
Healthcare Facilities 47 $5,293.67 $5,020.67 105.44% $3,000.15 3.27% 64.69% 1.54
Healthcare Products 58 $810.82 $46.31 1751.01% $593.49 9.81% 63.38% 1.44
Healthcare Services 126 $6,536.55 $5,733.05 114.02% $20,725.38 2.49% 22.81% 8.83
Heathcare Information and Technology 125 $2,186.87 $826.60 264.56% $2,137.89 6.33% 35.89% 1.68
Heavy Construction 46 $12,364.52 $194.59 6354.17% $1,026.43 6.63% 89.57% 1.62
Homebuilding 32 $181.43 $14.70 1234.20% $318.70 1.17% 5.87% 1.22
Hotel/Gaming 89 $7,855.05 $8,582.01 91.53% $4,619.16 3.65% 57.14% 0.74
Household Products 139 $7,835.62 $466.44 1679.88% $5,557.06 6.39% 32.37% 2.48
Information Services 71 $3,014.05 $3,555.22 84.78% $4,733.97 3.93% 16.06% 2.26
Insurance (General) 26 $2,282.80 $261.25 873.80% $2,149.30 2.68% 13.10% 0.56
Insurance (Life) 27 $91.54 $485.02 18.87% $1,978.85 0.70% 0.58% 0.85
Insurance (Prop/Cas.) 53 $1,114.63 $358.07 311.29% $26.58 0.46% 6.00% 1.01
Internet software and services 330 $11,761.00 $1,788.81 657.48% $4,476.14 12.32% 68.81% 1.21
Investment Co. 65 $1,139.83 $134.74 845.97% $1,231.28 5.09% 54.54% 0.33
Machinery 141 $4,198.31 $570.46 735.96% $4,830.02 6.09% 32.11% 2.56
Metals & Mining 134 $9,610.21 $4,553.28 211.06% $5,591.79 17.25% 162.27% 1.06
Office Equipment & Services 30 $728.81 $41.21 1768.65% $245.65 3.55% 45.89% 3.09
Oil/Gas (Integrated) 8 $89,701.00 $40,560.70 221.15% $0.00 7.23% 171.04% 1.84
Oil/Gas (Production and Exploration) 411 $138,935.01 $62,447.32 222.48% $5,725.52 31.25% NA 0.21
Oil/Gas Distribution 80 $51,094.42 $13,794.57 370.40% $20,858.89 14.99% 181.14% 1.40
Oilfield Svcs/Equip. 163 $27,687.10 $9,088.03 304.65% $9,733.22 3.72% 81.02% 3.53
Packaging & Container 24 $3,709.66 $819.69 452.57% $478.97 3.82% 56.82% 2.35
Paper/Forest Products 21 $1,775.89 $1,868.18 95.06% $1,444.43 3.12% 63.65% 1.92
Pharma & Drugs 138 $9,910.51 $5,750.82 172.33% $9,471.36 5.01% 18.55% 1.18
Power 106 $73,635.67 $27,252.85 270.19% $3,719.49 15.89% 202.09% 0.55
Precious Metals 166 $4,026.33 $2,834.63 142.04% $426.79 12.94% 292.20% 0.41
Publshing & Newspapers 52 $2,343.19 $4,756.11 49.27% $3,599.65 1.76% 48.89% 3.16
R.E.I.T. 46 $200.61 $210.52 95.29% $1,376.00 12.13% 539.43% 0.03
Railroad 10 $8,876.96 $4,126.60 215.12% $1,924.50 13.82% 92.15% 0.65
Real Estate (Development) 22 $86.74 $41.60 208.54% $0.84 4.30% 164.86% 0.25
Real Estate (General/Diversified) 11 $194.70 $12.85 1515.14% -$0.30 36.87% 590.49% 0.17
Real Estate (Operations & Services) 47 $785.16 $787.98 99.64% $205.03 1.09% 56.03% 0.98
Recreation 70 $1,905.50 $1,030.56 184.90% $393.07 3.89% 52.54% 1.59
Reinsurance 3 $12.60 $51.50 24.47% -$37.79 -0.51% 1.34% 0.94
Restaurant 84 $9,008.95 $3,211.77 280.50% $1,101.23 5.65% 71.04% 1.38
Retail (Automotive) 30 $2,754.39 $540.89 509.23% $1,421.90 2.75% 66.36% 3.14
Retail (Building Supply) 7 $2,356.98 $3,164.73 74.48% $267.00 -0.40% 29.81% 2.29
Retail (Distributors) 87 $7,470.90 $1,443.86 517.43% $3,553.33 9.67% 114.65% 1.90
Retail (General) 21 $25,058.59 $5,109.53 490.43% $473.00 2.47% 92.19% 3.48
Retail (Grocery and Food) 21 $5,182.53 $2,059.55 251.63% $198.62 1.54% 154.65% 4.06
Retail (Internet) 47 $5,403.55 $576.02 938.09% $1,352.40 6.39% 175.57% 8.95
Retail (Special Lines) 137 $14,288.58 $2,650.86 539.02% $1,960.38 2.47% 59.39% 2.42
Rubber& Tires 4 $1,276.34 $0.29 443172.22% $0.00 5.36% 100.96% 3.69
Semiconductor 104 $15,085.08 $901.43 1673.47% $1,880.27 11.25% 81.29% 1.24
Semiconductor Equip 51 $2,027.61 $296.07 684.84% $406.73 7.57% 136.21% 1.16
Shipbuilding & Marine 14 $536.15 $470.90 113.86% $508.60 10.02% 143.82% 0.66
Shoe 14 $239.19 $6.67 3586.01% $1,227.71 4.16% 7.03% 2.43
Steel 37 $4,766.48 $1,257.63 379.00% $1,203.04 5.19% 146.97% 2.02
Telecom (Wireless) 28 $14,132.51 $12,375.40 114.20% $20,552.07 27.58% NA 0.70
Telecom. Equipment 131 $4,374.60 $1,525.38 286.79% $8,414.14 8.79% 21.25% 1.32
Telecom. Services 82 $46,144.44 $44,669.20 103.30% $5,477.86 2.35% 145.67% 1.26
Thrift 223 $637.32 $314.43 202.69% $4,419.78 5.93% NA 0.02
Tobacco 12 $1,559.23 $124.00 1257.44% $7.70 2.13% 8.37% 3.17
Transportation 22 $6,550.61 $4,584.70 142.88% $1,071.84 2.36% 124.52% 2.87
Trucking 28 $10,366.41 $2,170.10 477.69% $2,763.13 16.87% 235.73% 1.38
Utility (General) 20 $31,399.50 $13,353.10 235.15% $592.71 14.49% 199.51% 0.56
Utility (Water) 20 $1,598.47 $696.98 229.34% $38.61 17.79% 152.82% 0.34
Total Market 7766 $902,774.57 $368,296.62 245.12% $286,535.81 5.84% 89.52% 0.75


Last updated January 2014
By Aswath Damodaran