Biggest capex spenders (2026)
The 100 companies below have a combined market cap of $37.7T; the best performer of 2026 is MU (+172.7% YTD). The largest capital-expenditure budgets in absolute dollars — where the AI build-out actually shows up. Not investment advice.
End of day 2026-11-13 · 100 entries · digits update live during market hours
Combined cap $37.7T · Median YTD +10.5% · Best MU +172.7% · Worst STLA -64.9%
Combined market cap
$37.7T
100 entries
Median YTD return
+10.5%
2026
Best of 2026
+172.7%
MU
Worst of 2026
-64.9%
STLA
Top 100 by TTM capital expenditures#
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Columns (13 shown)
| # Company | CategoryCategory | 1Y1Y chart | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZNAmazon.com | Consumer Discretionary | $266.66 | -0.29% | +3.1% | +0.6% | +15.5% | +12.2% | +51.3% | $215B | $-46892M | $797B | $2.88T | |
| GOOGLAlphabet | Communication Services | $295.77 | -0.98% | -16.4% | -14.6% | -5.3% | +6.5% | +100.8% | $160B | $20B | $471B | $3.64T | |
| MSFTMicrosoft | Technology | $523.88 | +0.17% | -3.6% | +5.6% | +9.0% | +4.9% | +62.1% | $136B | $60B | $346B | $3.89T | |
| METAMeta Platforms | Communication Services | $641.69 | +2.90% | -15.8% | +7.9% | -2.5% | +5.6% | +90.0% | $104B | $29B | $242B | $1.64T | |
| ORCLOracle | Technology | $125.35 | -1.38% | -12.5% | -19.5% | -34.8% | -41.6% | +43.4% | $76B | $-28720M | $72B | $379B | |
| MUMicron Technology | Technology | $778.31 | -2.52% | -18.3% | -18.0% | +172.9% | +228.8% | +931.3% | $31B | $59B | $133B | $881B | |
| WMTWalmart | Consumer Staples | $128.09 | +1.51% | +14.1% | +11.0% | +15.7% | +26.0% | +176.8% | $29B | $14B | $736B | $1.02T | |
| XOMExxon Mobil | Energy | $170.59 | +0.48% | -2.0% | +8.2% | +44.6% | +47.8% | +214.3% | $28B | $43B | $397B | $696B | |
| CRWVCoreWeave | Technology | $53.13 | -6.13% | -31.7% | -50.0% | -25.8% | -32.2% | — | $28B | $-20421M | $10B | $30B | |
| TAT&T | Communication Services | $22.18 | +0.00% | -2.9% | -8.7% | -6.4% | -9.8% | +55.9% | $22B | $18B | $129B | $149B | |
| BRK-BBerkshire Hathaway | Financials | $592.94 | +0.53% | +13.9% | +17.0% | +18.0% | +15.6% | +107.3% | $22B | $23B | $395B | $1.26T | |
| SHELShell ADR | Energy | $99.08 | +0.53% | -3.8% | +11.2% | +38.5% | +35.4% | +167.1% | $21B | $22B | $267B | $282B | |
| CVXChevron | Energy | $219.89 | +1.64% | +1.0% | +12.2% | +48.3% | +46.9% | +135.2% | $18B | $34B | $233B | $432B | |
| DUKDuke Energy | Utilities | $129.16 | +0.44% | +9.3% | +4.7% | +13.1% | +8.2% | +55.3% | $17B | $-5162M | $34B | $101B | |
| VZVerizon Communications | Communication Services | $46.36 | -0.41% | +6.5% | -2.4% | +21.4% | +20.3% | +21.9% | $17B | $22B | $139B | $192B | |
| TSLATesla | Consumer Discretionary | $390.22 | -1.82% | +4.0% | +14.8% | -13.2% | -2.9% | +13.3% | $15B | $3B | $104B | $1.54T | |
| BNBrookfield | Financials | $40.97 | -1.61% | +11.7% | -9.0% | -10.3% | -5.8% | +30.5% | $15B | $-3794M | $75B | $97B | |
| SOMNSouthern Company 2025 Series A Corporate Units | Utilities | $48.35 | +0.90% | +4.3% | +0.3% | -2.2% | -1.7% | — | $14B | $-4008M | $31B | $56B | |
| SOSouthern | Utilities | $93.59 | +1.21% | +6.2% | +1.7% | +10.0% | +6.0% | +79.6% | $14B | $-4008M | $31B | $109B | |
| VGVenture Global | Energy | $13.14 | -0.91% | -5.1% | -2.7% | +93.7% | +68.5% | — | $14B | $-7513M | $18B | $33B | |
| EQNREquinor | Energy | $42.95 | +0.44% | -4.6% | +7.0% | +87.9% | +84.8% | +116.0% | $14B | $6B | $106B | $107B | |
| INTCIntel | Technology | $59.66 | -2.52% | -42.0% | -42.9% | +61.7% | +66.1% | +27.9% | $14B | $4B | $60B | $317B | |
| BPBP | Energy | $45.70 | -0.26% | -5.8% | +8.0% | +36.5% | +31.7% | +111.7% | $13B | $11B | $193B | $126B | |
| PCGPacific Gas & Electric | Utilities | $13.25 | +2.16% | -0.6% | -23.8% | -16.7% | -19.4% | +10.4% | $13B | $-4977M | $26B | $29B | |
| XELXcel Energy | Utilities | $81.61 | +0.14% | +9.3% | +4.2% | +13.1% | +5.0% | +51.8% | $13B | $-7616M | $15B | $52B | |
| RIORio Tinto | Materials | $82.95 | -0.40% | -10.9% | -13.7% | +8.9% | +22.7% | +86.5% | $12B | $4B | $58B | $104B | |
| CHTRCharter Communications | Communication Services | $138.39 | +4.32% | +29.4% | -11.6% | -33.7% | -32.4% | -79.9% | $12B | $4B | $56B | $17B | |
| CMCSAComcast | Communication Services | $25.16 | +1.45% | +20.5% | -2.4% | -5.4% | +1.1% | -39.8% | $12B | $20B | $123B | $89B | |
| DDominion Energy | Utilities | $67.66 | +0.22% | +8.6% | -0.3% | +19.1% | +15.9% | +13.4% | $12B | $-6287M | $19B | $60B | |
| KEPKorea Electric Power | Utilities | $10.16 | -8.72% | -6.3% | -11.7% | -38.4% | -38.9% | +4.5% | $11B | $4B | $68B | $13B | |
| LLYEli Lilly | Healthcare | $1,443.50 | +1.14% | +23.7% | +19.6% | +35.0% | +42.0% | +479.9% | $11B | $20B | $86B | $1.29T | |
| SREDBA Sempra | Utilities | $79.54 | +0.71% | -3.4% | -7.3% | -7.9% | -11.1% | +52.4% | $11B | $-4869M | $14B | $52B | |
| TMUST-Mobile US | Communication Services | $169.95 | -0.63% | +10.6% | -6.8% | -15.0% | -19.1% | +51.2% | $10B | $19B | $94B | $180B | |
| ETREntergy | Utilities | $111.15 | -0.71% | +5.9% | +4.0% | +22.4% | +19.9% | +158.1% | $10B | $-3696M | $14B | $53B | |
| EENI S.p.A. | Energy | $57.58 | +1.50% | +0.2% | +6.3% | +57.1% | +56.5% | +163.3% | $10B | $5B | $93B | $91B | |
| FFord Motor | Consumer Discretionary | $11.91 | +0.08% | -0.4% | -13.2% | -4.9% | -6.1% | -19.0% | $10B | $5B | $187B | $48B | |
| EXCExelon | Utilities | $46.25 | +1.36% | +9.2% | +2.4% | +9.0% | +4.6% | +41.4% | $9B | $-2585M | $26B | $48B | |
| NVONovo Nordisk | Healthcare | $41.63 | +2.41% | +9.4% | -9.8% | -14.1% | -11.1% | -17.7% | $9B | $9B | $47B | $185B | |
| AAPLApple | Technology | $356.27 | +0.39% | +4.5% | +16.8% | +31.5% | +31.0% | +143.4% | $9B | $136B | $479B | $5.18T | |
| STLAStellantis | Consumer Discretionary | $3.82 | -1.04% | -14.2% | -28.9% | -64.9% | -64.0% | -74.4% | $9B | $-14299M | $174B | $11B | |
| GMGeneral Motors | Consumer Discretionary | $86.00 | -0.29% | +2.4% | -0.2% | +6.5% | +20.7% | +41.5% | $9B | $14B | $187B | $73B | |
| NEENextEra Energy | Utilities | $85.12 | -0.20% | +8.8% | -0.3% | +8.3% | +4.3% | +12.8% | $9B | — | $29B | $179B | |
| DISWalt Disney | Communication Services | $118.97 | +0.63% | +9.6% | +13.5% | +5.4% | +12.2% | -23.1% | $9B | $8B | $99B | $205B | |
| ENBEnbridge | Energy | $47.67 | -0.91% | +0.4% | -5.8% | +3.7% | +2.8% | +57.1% | $9B | $275M | $65B | $106B | |
| WMBWilliams Companies | Energy | $69.09 | -0.50% | -7.3% | -4.7% | +17.5% | +19.5% | +200.5% | $8B | $-1577M | $13B | $86B | |
| ETEnergy Transfer | Energy | $19.40 | -0.10% | -3.5% | -4.9% | +26.2% | +25.2% | +216.0% | $7B | $6B | $125B | $67B | |
| NVDANVIDIA | Technology | $162.85 | -2.01% | -28.7% | -27.6% | -12.5% | -12.6% | +438.2% | $7B | $127B | $303B | $3.92T | |
| EIXEdison International | Utilities | $60.18 | +0.32% | +8.5% | -13.5% | +5.9% | +7.6% | +19.2% | $7B | $-132M | $19B | $23B | |
| UALUnited Airlines Holdings | Industrials | $109.31 | -1.74% | +5.9% | -13.5% | -2.2% | +12.5% | +119.4% | $7B | $1B | $66B | $36B | |
| LYGLloyds Banking Group ADR | Financials | $5.21 | +0.77% | -5.3% | -16.0% | +2.1% | +10.9% | +154.3% | $7B | $832M | $26B | $77B | |
| EOGEOG Resources | Energy | $158.32 | +1.74% | +4.1% | +12.7% | +55.6% | +49.5% | +111.8% | $7B | $7B | $30B | $82B | |
| SANBanco Santander ADR | Financials | $12.21 | +0.66% | -8.8% | -16.4% | +6.7% | +14.5% | +295.3% | $7B | $-23410M | — | $179B | |
| AESAES | Utilities | $14.91 | +0.00% | +0.6% | +2.4% | +9.1% | +14.4% | -25.8% | $6B | $-1516M | $14B | $11B | |
| COSTCostco Wholesale | Consumer Staples | $1,106.21 | +1.28% | +16.0% | +15.2% | +29.0% | +20.3% | +125.7% | $6B | $9B | $303B | $490B | |
| FANGDiamondback Energy | Energy | $184.93 | +1.50% | -6.1% | -6.7% | +25.9% | +31.1% | +108.3% | $6B | $4B | $19B | $52B | |
| CCitigroup | Financials | $124.01 | -0.04% | +0.1% | -10.1% | +8.5% | +25.7% | +112.3% | $6B | $-1724M | $93B | $205B | |
| EQIXEquinix | Real Estate | $1,053.79 | -1.77% | +3.4% | -1.4% | +39.6% | +36.8% | +50.1% | $6B | $-1657M | $10B | $104B | |
| CNPCenterPoint Energy | Utilities | $41.19 | +0.59% | +4.6% | +2.4% | +9.3% | +6.4% | +75.7% | $6B | $-2826M | $10B | $27B | |
| LINLinde | Materials | $526.06 | +0.68% | +6.9% | +10.4% | +24.6% | +24.4% | +63.9% | $6B | $5B | $36B | $242B | |
| JNJJohnson & Johnson | Healthcare | $285.75 | +0.79% | +14.9% | +9.6% | +40.3% | +49.6% | +99.1% | $6B | $21B | $99B | $688B | |
| RCLRoyal Caribbean Cruises | Consumer Discretionary | $323.27 | +0.40% | +14.8% | +4.9% | +17.8% | +28.9% | +295.4% | $5B | $2B | $19B | $86B | |
| FEFirstEnergy | Utilities | $47.00 | +1.08% | +5.0% | +1.3% | +9.2% | +7.0% | +47.7% | $5B | $-2159M | $16B | $27B | |
| ASXASE Technology Holding ADR | Technology | $35.55 | -2.04% | -25.3% | -10.3% | +123.0% | +145.4% | +484.8% | $5B | $-719M | $21B | $79B | |
| OXYOccidental Petroleum | Energy | $58.75 | +0.60% | -4.7% | +2.3% | +44.9% | +42.6% | +96.9% | $5B | $7B | $22B | $59B | |
| HCAHCA Healthcare | Healthcare | $499.05 | -0.32% | +8.3% | +21.4% | +7.5% | +6.2% | +112.2% | $5B | $6B | $79B | $104B | |
| AEEAmeren | Utilities | $114.77 | +1.10% | +10.0% | +5.9% | +17.4% | +12.7% | +57.3% | $5B | $-1950M | $9B | $32B | |
| YPFYPF Sociedad Anonima ADR | Energy | $37.90 | +1.88% | -26.8% | -23.4% | +4.8% | +1.8% | +781.4% | $5B | $-118M | $18B | $15B | |
| DALDelta Air Lines | Industrials | $86.25 | -0.35% | +8.7% | -5.3% | +25.6% | +45.5% | +112.2% | $5B | $3B | $72B | $57B | |
| IRENIREN | Financials | $18.17 | -6.72% | -47.8% | -59.4% | -51.9% | -62.7% | — | $5B | $-2462M | — | $8B | |
| APDAir Products and Chemicals | Materials | $316.53 | +0.10% | +9.5% | +4.3% | +31.5% | +23.5% | +15.9% | $5B | $-301M | $13B | $70B | |
| PPLCPPL Corporation Corporate Units | Utilities | $46.49 | +1.29% | +2.1% | +0.4% | — | — | — | $5B | $-2088M | $10B | $35B | |
| PPLPPL | Utilities | $35.67 | +1.31% | +3.0% | +0.8% | +4.3% | +0.8% | +48.3% | $5B | $-2088M | $10B | $27B | |
| WECWEC Energy Group | Utilities | $117.60 | +0.10% | +11.1% | +7.6% | +14.4% | +8.8% | +56.0% | $5B | $-784M | $10B | $39B | |
| PGProcter & Gamble | Consumer Staples | $169.80 | +1.05% | +11.7% | +18.5% | +21.9% | +18.1% | +31.8% | $5B | $15B | $88B | $394B | |
| CATCaterpillar | Industrials | $600.20 | -0.84% | -22.1% | -29.6% | +5.7% | +9.3% | +211.6% | $5B | $10B | $78B | $275B | |
| EPDEnterprise Products Partners | Energy | $38.28 | +2.35% | +7.8% | +2.1% | +26.8% | +28.0% | +133.0% | $5B | $5B | $64B | $83B | |
| DVNDevon Energy | Energy | $46.58 | +0.76% | -7.2% | +5.6% | +29.6% | +36.3% | +32.6% | $4B | $5B | $22B | $53B | |
| CEGConstellation Energy | Utilities | $280.20 | -0.78% | -5.3% | +0.7% | -20.3% | -16.1% | — | $4B | $1B | $34B | $99B | |
| MPCMarathon Petroleum | Energy | $414.65 | +0.44% | -13.1% | +16.7% | +157.9% | +116.7% | +604.4% | $4B | $21B | $175B | $113B | |
| AALAmerican Airlines Group | Industrials | $13.17 | -1.05% | +5.4% | -12.5% | -14.1% | +0.8% | -35.1% | $4B | $-91M | $61B | $9B | |
| MTArcelor Mittal NY Registry Shares NEW | Materials | $62.79 | -2.33% | -1.1% | -14.2% | +38.7% | +58.4% | +114.9% | $4B | $471M | $61B | $48B | |
| KRKroger | Consumer Staples | $70.80 | +1.42% | +16.6% | +24.6% | +15.3% | +9.8% | +85.1% | $4B | $2B | $149B | $42B | |
| FCXFreeport-McMoRan | Materials | $59.24 | -2.00% | -18.0% | -11.2% | +17.7% | +47.5% | +49.9% | $4B | — | $26B | $85B | |
| TGTTarget | Consumer Staples | $161.45 | +0.34% | +7.0% | +4.6% | +70.9% | +84.4% | -26.9% | $4B | $4B | $108B | $73B | |
| FTSFortis | Utilities | $59.62 | +0.74% | +10.3% | +6.7% | +17.7% | +16.8% | +60.4% | $4B | $-1345M | $9B | $30B | |
| SUSuncor Energy | Energy | $69.92 | +0.91% | -7.0% | +7.5% | +60.9% | +65.3% | +234.9% | $4B | — | $37B | $83B | |
| AEPAmerican Electric Power | Utilities | $129.18 | +0.21% | +3.6% | +3.8% | +15.5% | +9.6% | +88.2% | $4B | $3B | $24B | $70B | |
| DLRDigital Realty Trust | Real Estate | $179.99 | -1.90% | +1.0% | -8.3% | +18.7% | +17.1% | +36.5% | $4B | $-1472M | $7B | $69B | |
| TRGPTarga Resources | Energy | $297.33 | +0.35% | +1.9% | +11.9% | +64.2% | +78.5% | +510.7% | $4B | $934M | $18B | $64B | |
| PEPPepsiCo | Consumer Staples | $145.44 | +2.24% | +14.2% | +4.5% | +4.4% | +4.4% | +5.2% | $4B | $10B | $98B | $198B | |
| NBISNebius Group | Communication Services | $115.88 | -9.92% | -44.0% | -54.6% | +38.4% | +30.7% | — | $4B | $-3681M | $530M | $29B | |
| ATOAtmos Energy | Utilities | $176.30 | +0.22% | +7.8% | +4.4% | +7.0% | +1.4% | +109.1% | $4B | $-2020M | $5B | $30B | |
| ESEversource Energy (D/B/A) | Utilities | $71.73 | +0.82% | +9.1% | +0.5% | +10.2% | +1.8% | +7.3% | $4B | $-52M | $14B | $27B | |
| DEDeere | Industrials | $673.54 | -0.77% | +3.6% | +10.2% | +45.8% | +43.9% | +100.3% | $4B | $3B | $48B | $182B | |
| SNYSanofi ADR | Healthcare | $48.37 | -0.19% | +23.6% | +10.5% | +5.4% | -2.5% | +18.2% | $4B | $8B | — | $118B | |
| BABoeing | Industrials | $171.50 | -0.03% | -8.0% | -25.5% | -21.0% | -11.9% | -22.4% | $4B | $16M | $95B | $136B | |
| PKXPOSCO HOLDINGS ADR | Materials | $50.09 | -0.44% | -10.5% | -11.5% | -5.9% | -7.9% | -8.3% | $4B | $-770M | $49B | $15B | |
| MRKMerck | Healthcare | $147.76 | +0.55% | +4.1% | +9.7% | +43.3% | +63.7% | +105.0% | $4B | $15B | $67B | $364B | |
| NINiSource | Utilities | $46.05 | +0.52% | +11.7% | +10.2% | +13.2% | +10.1% | +115.5% | $4B | $-1567M | $7B | $22B | |
| UNPUnion Pacific | Industrials | $302.44 | -0.58% | +7.1% | +2.0% | +32.7% | +39.4% | +39.6% | $4B | $7B | $26B | $180B |
Methodology#
Trailing-twelve-month capital expenditures in absolute dollars, from SEC cash-flow statements. Absolute rather than as a percentage of revenue on purpose — this is the list where the AI data-centre build-out is visible as a dollar figure.
Performance columns from 5 days to 5 years are total returns, dividends reinvested, through the latest print during the session; in session they count a dividend going ex that day once it is on record, and the nightly update corrects anything missed. The 1D column is the price move, the way quote screens report it. Fundamentals come from company filings. Past performance does not predict future returns; this is not investment advice.
FAQ#
- Which company spends the most on capex?
- Amazon.com Inc. (AMZN) has the largest capital-expenditure budget of any US-listed company — about $215B over the trailing twelve months.
- What are the top 10 companies by capital expenditures?
- The 10 biggest capex spenders (TTM): 1. AMZN $215B, 2. GOOGL $160B, 3. MSFT $136B, 4. META $104B, 5. ORCL $76B, 6. MU $31B, 7. WMT $29B, 8. XOM $28B, 9. CRWV $28B, 10. T $22B.
- What counts as capital expenditures?
- Capital expenditures are cash spent on property, plant and equipment — datacenters, fabs, networks, stores. Big capex depresses free cash flow today in exchange for capacity tomorrow, which is why the same AI build-out that shrinks a company's FCF shows up here first.
More lists
Biggest buyback programs
100 stocksThe most cash spent repurchasing stock over the trailing year, net of shares issued.
Stock1YCompanyBuybacks (TTM, net)
AAPLApple Inc.$86B
NVDANVIDIA Corporation$55B
CRMSalesforce Inc.$35B
Biggest companies by market cap
100 stocksThe top 100 by market cap — and the trillion-dollar club.
Stock1YCompanyMarket cap
AAPLApple Inc.$5.18T
NVDANVIDIA Corporation$3.92T
MSFTMicrosoft Corporation$3.89T
Biggest companies by revenue
100 stocksRanked by actual sales from SEC filings. A very different top 10.
Stock1YCompanyRevenue (TTM)
AMZNAmazon.com Inc.$797B
WMTWalmart Inc.$736B
AAPLApple Inc.$479B
Most profitable companies
100 stocksThe top 100 by bottom-line profit. Revenue is vanity; this is the scoreboard.
Stock1YCompanyNet income (TTM)
GOOGLAlphabet Inc. Class A$236B
NVDANVIDIA Corporation$193B
MSFTMicrosoft Corporation$143B
Biggest companies by free cash flow
100 stocksCash actually generated after capex — the strictest of the size rankings.
Stock1YCompanyFCF (TTM)
AAPLApple Inc.$136B
NVDANVIDIA Corporation$127B
MSFTMicrosoft Corporation$60B
Biggest ETFs
50 ETFsThe 50 largest ETFs by assets, with what they cost to own.
ETF1YCompanyAUM
VOOVanguard S&P 500 ETF$988B
IVViShares Core S&P 500 ETF$888B
SPYSPDR S&P 500 ETF Trust$781B
Explore visualizations
Valuation Dip
Stocks trading cheapest relative to their own P/E, P/FCF, P/S, or P/B history — with fair-value bands.
Income Flow
Follow a company's revenue through its income statement as a Sankey — costs, taxes, and profit.
Cash Flow
Follow a company's cash from net income through operating cash flow into capex, buybacks, and dividends.