Capital Expenditures by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2021

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 Depreciation Cap Ex/Deprecn Acquisitions Net R&D Net Cap Ex/Sales Net Cap Ex/ EBIT (1-t) Sales/Capital
Advertising 61 $558.76 $1,387.12 40.28% $227.48 -$9.56 -1.91% -23.24% 5.17
Aerospace/Defense 72 $10,697.17 $14,597.39 73.28% -$2,523.65 $1,269.24 -1.33% -23.87% 2.61
Air Transport 17 $12,218.81 $10,387.74 117.63% $13.00 $13.60 1.80% NA 0.88
Apparel 51 $1,480.83 $1,483.29 99.83% $100.52 -$6.69 0.16% 3.30% 1.34
Auto & Truck 19 $29,748.70 $15,629.38 190.34% $29.32 -$757.27 4.61% 271.42% 0.74
Auto Parts 52 $2,831.59 $2,014.39 140.57% $1,018.12 -$242.66 2.09% 70.62% 1.82
Bank (Money Center) 7 $3,279.95 $0.00 NA $0.00 $0.00 1.06% NA 0.14
Banks (Regional) 598 $7,440.57 $0.00 NA -$4,017.85 $0.00 2.01% NA 0.24
Beverage (Alcoholic) 23 $1,492.23 $464.42 321.31% $22.65 $0.00 4.49% 21.82% 0.64
Beverage (Soft) 41 $6,867.66 $4,830.80 142.16% $7,334.43 $19.15 7.41% 45.50% 1.37
Broadcasting 29 $2,075.75 $4,428.14 46.88% $1,556.98 -$0.08 -1.05% -7.00% 0.98
Brokerage & Investment Banking 39 $9,564.71 $2,766.38 345.75% -$1,789.62 $2.18 2.74% NA 0.22
Building Materials 42 $2,171.76 $2,278.79 95.30% $493.43 $16.06 0.45% 5.31% 2.59
Business & Consumer Services 169 $4,018.11 $8,017.66 50.12% $4,373.76 $67.14 0.34% 5.02% 2.16
Cable TV 13 $21,282.89 $27,185.58 78.29% $2,497.00 $12.60 -1.74% -12.48% 0.76
Chemical (Basic) 48 $6,251.79 $3,260.83 191.72% $157.00 -$22.32 3.16% 45.45% 1.35
Chemical (Diversified) 5 $1,006.00 $1,183.34 85.01% $663.00 -$11.44 2.39% 43.17% 1.03
Chemical (Specialty) 97 $10,758.91 $10,229.19 105.18% $3,494.11 -$125.80 2.31% 22.22% 1.04
Coal & Related Energy 29 $1,016.60 $1,945.37 52.26% $293.48 -$12.10 -7.19% NA 0.87
Computer Services 116 $5,005.57 $12,106.94 41.34% $6,331.53 $398.29 -0.13% -1.94% 3.03
Computers/Peripherals 52 $13,618.16 $19,020.41 71.60% $4,036.10 $2,220.77 0.17% 1.27% 1.81
Construction Supplies 46 $7,696.15 $6,065.65 126.88% $1,534.40 -$266.57 1.96% 26.88% 1.21
Diversified 29 $21,471.00 $20,657.15 103.94% $11,735.52 $8.06 2.97% 21.09% 0.79
Drugs (Biotechnology) 547 $5,482.68 $12,958.37 42.31% $59,942.30 $5,467.44 37.65% 659.27% 0.48
Drugs (Pharmaceutical) 287 $13,944.37 $27,422.80 50.85% $36,888.09 $3,722.14 9.74% 48.39% 0.81
Education 38 $622.06 $660.97 94.11% $454.11 $17.52 2.70% 36.58% 1.17
Electrical Equipment 122 $2,584.47 $2,273.79 113.66% $2,742.60 $12.62 4.49% 43.07% 1.80
Electronics (Consumer & Office) 22 $72.28 $117.20 61.67% $63.80 $23.15 0.97% 53.02% 1.82
Electronics (General) 157 $4,520.53 $2,666.24 169.55% $2,363.54 $357.01 4.25% 72.46% 1.49
Engineering/Construction 61 $2,053.49 $2,277.63 90.16% $12,724.23 -$2.93 10.32% 311.25% 3.80
Entertainment 118 $6,843.89 $8,375.01 81.72% $1,202.49 $698.56 0.28% 4.27% 1.07
Environmental & Waste Services 86 $4,389.80 $4,857.77 90.37% $2,123.13 $1.36 2.83% 28.91% 1.63
Farming/Agriculture 32 $4,949.45 $3,142.68 157.49% $465.50 -$97.78 1.35% 26.45% 1.48
Financial Svcs. (Non-bank & Insurance) 235 $16,358.41 $5,562.81 294.07% $20,019.77 $68.29 13.20% 127.22% 0.04
Food Processing 101 $7,877.15 $6,618.92 119.01% $3,871.78 $3.21 2.09% 22.23% 1.48
Food Wholesalers 18 $1,466.43 $826.83 177.36% $3,133.35 -$0.25 2.61% 170.89% 5.82
Furn/Home Furnishings 40 $1,263.48 $979.65 128.97% $343.20 $5.23 1.37% 20.81% 1.88
Green & Renewable Energy 25 $1,401.05 $1,099.25 127.45% $710.30 $1.57 25.82% 109.06% 0.27
Healthcare Products 265 $9,284.85 $11,905.77 77.99% $24,294.40 -$353.26 11.83% 95.57% 0.96
Healthcare Support Services 129 $12,302.42 $15,433.70 79.71% $14,386.94 $112.04 0.68% 18.46% 7.72
Heathcare Information and Technology 139 $4,045.73 $7,362.25 54.95% $2,866.10 $527.09 0.07% 0.64% 1.24
Homebuilding 30 $865.66 $703.11 123.12% $580.40 $0.00 0.63% 6.69% 1.37
Hospitals/Healthcare Facilities 32 $7,132.43 $6,094.68 117.03% $638.24 $2.41 1.39% 17.81% 1.51
Hotel/Gaming 66 $13,356.09 $11,736.74 113.80% $7,212.79 $543.48 13.00% NA 0.38
Household Products 140 $6,562.82 $6,718.00 97.69% $2,438.07 $3.31 1.27% 8.77% 2.02
Information Services 77 $5,327.40 $13,895.22 38.34% $8,164.64 $148.71 -0.15% -0.78% 1.14
Insurance (General) 21 $959.05 $6,617.15 14.49% $1,711.59 $30.27 -3.17% -28.36% 0.82
Insurance (Life) 26 $366.86 $3,038.73 12.07% $1,799.60 $0.00 -0.39% -5.23% 0.60
Insurance (Prop/Cas.) 55 $2,393.65 $3,909.32 61.23% $2,337.16 $0.00 0.37% 4.25% 1.11
Investments & Asset Management 348 $3,279.01 $1,009.86 324.70% $3,647.43 $51.30 5.31% 39.63% 0.45
Machinery 125 $3,847.31 $5,987.39 64.26% $8,516.48 -$71.57 3.99% 37.33% 1.78
Metals & Mining 86 $3,829.14 $3,508.53 109.14% $128.20 -$8.34 1.03% 15.02% 0.97
Office Equipment & Services 22 $509.30 $563.63 90.36% $133.08 -$11.88 0.37% 6.22% 1.97
Oil/Gas (Integrated) 3 $35,511.00 $57,341.00 61.93% $264.00 $58.00 -6.73% NA 0.64
Oil/Gas (Production and Exploration) 278 $48,770.14 $79,533.18 61.32% $2,064.42 -$2.95 -22.85% NA 0.31
Oil/Gas Distribution 57 $32,473.93 $20,571.54 157.86% $177.70 -$0.20 5.01% 32.68% 0.54
Oilfield Svcs/Equip. 135 $18,098.85 $19,774.95 91.52% $1,415.58 -$86.58 -0.08% -11.40% 1.88
Packaging & Container 26 $6,900.60 $6,109.90 112.94% $1,967.32 $56.57 2.18% 28.62% 1.47
Paper/Forest Products 15 $518.80 $760.99 68.17% $201.71 $1.46 -0.29% -5.89% 1.48
Power 55 $99,131.36 $42,741.92 231.93% $1,653.01 -$2.73 20.55% 114.99% 0.38
Precious Metals 93 $1,826.94 $2,973.96 61.43% -$2.96 -$0.70 -8.19% -46.79% 0.46
Publishing & Newspapers 29 $980.40 $1,905.32 51.46% $1,140.50 -$10.69 0.56% 11.93% 2.09
R.E.I.T. 238 $5,471.46 $44,761.96 12.22% $13,428.27 $0.28 -15.31% -83.20% 0.11
Real Estate (Development) 25 $587.21 $216.61 271.09% $5.76 $0.17 21.69% NA 0.22
Real Estate (General/Diversified) 11 $18.44 $39.88 46.24% $0.00 $0.00 -2.99% -70.03% 0.33
Real Estate (Operations & Services) 61 $702.06 $1,673.15 41.96% $575.50 $29.08 -0.64% -17.67% 2.05
Recreation 69 $1,756.22 $1,897.86 92.54% $4,500.70 $22.65 11.38% 247.70% 1.42
Reinsurance 2 $66.50 $290.20 22.92% $0.00 $0.00 -0.98% -30.39% 1.02
Restaurant/Dining 79 $6,328.42 $4,616.82 137.07% $975.46 -$0.84 2.47% 48.52% 1.14
Retail (Automotive) 30 $3,048.20 $2,061.49 147.86% $1,909.56 $0.60 1.72% 41.26% 2.09
Retail (Building Supply) 15 $4,962.89 $4,503.60 110.20% $22.47 $3.58 0.20% 2.12% 3.46
Retail (Distributors) 85 $5,874.58 $2,130.61 275.72% $4,355.65 $2.69 5.08% 87.33% 1.68
Retail (General) 17 $19,156.40 $20,260.30 94.55% $1,343.00 -$20.62 0.02% 0.76% 4.10
Retail (Grocery and Food) 14 $5,191.50 $5,034.80 103.11% $93.93 $0.00 0.11% 5.39% 4.11
Retail (Online) 75 $33,485.23 $25,985.93 128.86% $3,347.44 $4,521.23 3.55% 82.13% 1.80
Retail (Special Lines) 85 $7,265.39 $7,954.61 91.34% $848.60 $45.89 0.05% 2.69% 2.29
Rubber& Tires 3 $839.54 $923.82 90.88% $0.00 $4.77 -0.53% NA 1.07
Semiconductor 70 $29,603.99 $17,980.71 164.64% $24,012.18 $1,622.69 16.06% 74.04% 0.75
Semiconductor Equip 40 $2,085.15 $2,191.24 95.16% $312.23 $447.09 1.16% 5.95% 1.30
Shipbuilding & Marine 11 $616.90 $536.30 115.03% $369.67 $0.00 7.10% 145.01% 0.68
Shoe 11 $379.52 $1,445.36 26.26% $5.92 $1.04 -2.13% -27.34% 2.50
Software (Entertainment) 101 $38,860.13 $21,379.78 181.76% $4,552.75 $5,472.87 9.94% 57.26% 0.68
Software (Internet) 36 $1,406.53 $1,404.13 100.17% $882.47 $352.71 6.95% 174.25% 1.01
Software (System & Application) 388 $24,029.65 $22,708.04 105.82% $12,671.57 $5,780.64 5.60% 28.62% 0.92
Steel 32 $5,503.07 $2,316.27 237.58% $1,218.74 $2.33 5.57% 225.50% 1.70
Telecom (Wireless) 16 $10,986.22 $13,723.94 80.05% $5,089.79 $166.50 3.52% 37.53% 0.84
Telecom. Equipment 96 $2,901.40 $2,630.34 110.31% $3,074.71 -$51.65 3.35% 21.41% 1.20
Telecom. Services 58 $43,258.30 $53,805.17 80.40% $2,408.47 $37.36 -2.36% -14.95% 0.75
Tobacco 15 $959.09 $401.20 239.06% $122.77 -$3.46 1.24% 4.52% 1.16
Transportation 21 $12,239.85 $7,849.61 155.93% $318.01 $1.14 2.26% 47.23% 2.45
Transportation (Railroads) 6 $7,004.20 $5,099.90 137.34% $0.00 $0.00 4.45% 14.93% 0.40
Trucking 35 -$694.66 $6,394.49 -10.86% $1,754.47 -$2,182.56 -8.67% NA 0.84
Utility (General) 16 $37,541.90 $16,055.40 233.83% $2,495.80 $0.00 19.90% 108.52% 0.37
Utility (Water) 17 $3,370.67 $1,097.02 307.26% $4,615.83 -$0.80 96.62% 391.87% 0.30
Total Market 7582 $889,462.90 $879,347.25 101.15% $367,676.97 $30,090.96 2.57% 33.65% 0.67
Total Market (without financials) 6253 $845,820.67 $856,443.01 98.76% $343,968.89 $29,938.92 2.54% 32.32% 1.11


Last updated January 2021

By Aswath Damodaran