Capital Expenditures for Kenvue (KVUE)
According to Kenvue's latest reported financial statements, the company's current capital expenditures (TTM) is $475.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

KVUE
Currently viewingCapital ExpendituresSwitch metric
Latest period
$475.00M
YoY change
+9.4%
5Y CAGR
+15.7%
Peak year (2025)
$475.00M
Cumulative capital expenditures
$2.57B
CapEx history chart for Kenvue (KVUE) from 2019 to 2025
CapEx history table for Kenvue (KVUE) from 2019 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $475.00M | +9.4% | ||
| 2024 | $434.00M | -7.5% | ||
| 2023 | $469.00M | +25.1% | ||
| 2022 | $375.00M | +27.1% | ||
| 2021 | $295.00M | +28.8% | ||
| 2020 | $229.00M | -20.8% | ||
| 2019 | $289.00M | — |
CapEx values are taken from Kenvue's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Kenvue (KVUE) capital expenditures totalled $475.00M – grew 9.4% year-over-year.
Over 2020–2025 (5 years), Kenvue capital expenditures expanded at a +15.7% compound annual rate, with the latest reading among the more recent periods of the dataset.
Across the available history, capital expenditures reached its high of $475.00M in 2025 and its low of $229.00M in 2020.
Among 8 Consumer Defensive peers, Kenvue (KVUE) ranks 7th; the peer median for capital expenditures is $2.94B.
Kenvue Capital Expenditures by Year
Kenvue Capital Expenditures 2025: $475.00M
Kenvue capital expenditures in 2025 was $475.00M, grew 9.4% from 2024. This figure represents the highest annual value in the available history.
Kenvue Capital Expenditures 2024: $434.00M
Kenvue capital expenditures in 2024 was $434.00M, declined 7.5% below 2023.
Kenvue Capital Expenditures 2023: $469.00M
Kenvue capital expenditures in 2023 was $469.00M, grew 25.1% from 2022.
Kenvue Capital Expenditures 2022: $375.00M
Kenvue capital expenditures in 2022 was $375.00M, grew 27.1% from 2021.
Kenvue Capital Expenditures 2021: $295.00M
Kenvue capital expenditures in 2021 was $295.00M.
See more financial history for Kenvue (KVUE).
Sector peers — CapEx
Companies in the same sector as Kenvue, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $26.64B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $5.50B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $4.42B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $3.77B | Consumer Defensive |
| The Coca-Cola Company (KO) | $2.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $1.57B | Consumer Defensive |
| Altria Group, Inc. (MO) | $216.00M | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $132.28M | Consumer Defensive |
Frequently asked questions
What is Kenvue's capital expenditures?
- Latest reported capital expenditures for Kenvue (KVUE) is $475.00M (period ending December 28, 2025).
How has Kenvue capital expenditures changed year-over-year?
- Kenvue (KVUE) capital expenditures changed +9.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Kenvue capital expenditures?
- Kenvue (KVUE) capital expenditures compound annual growth rate is +15.7% over the most recent 5 years available.
When did Kenvue capital expenditures hit its highest annual value?
- Kenvue capital expenditures reached its highest annual value of $475.00M in 2025.
What was Kenvue capital expenditures in 2024?
- Kenvue (KVUE) capital expenditures in 2024 was $434.00M.
What was Kenvue capital expenditures in 2025?
- Kenvue (KVUE) capital expenditures in 2025 was $475.00M.
Metrics overview
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