Benchmarks: Capital Expenditures Margin

Capital Expenditures (CapEx) represents spending on assets that are enjoyed over a long period of time. Common examples of capital expenditures include office buildings, machines, and vehicles.

This chart plots the percentage of revenue the company and it's peer group has spent on capital expenditures in the last twelve months. Since capital expenditures reduce free cash flow available to shareholders, differences in spending are often reflected in valuation multiples.