Top Companies by CapEx in Healthcare
Largest public companies ranked by capex in Healthcare on a trailing twelve months basis. Compare top issuers, sector peers and historical context on…
How TTM capex is measured
Trailing twelve months (TTM) capital expenditure (capex) is the cash a company spent on property, plant and equipment over the most recent four fiscal quarters. It comes from the investing section of the cash flow statement and is shown here as a positive amount of cash invested. The rolling window smooths uneven project timing across quarters.
Capex is the price of growth and maintenance: data centers, factories, fleets, networks and stores. Subtract capex from EBITDA for a rough free-cash-flow proxy, and compare against TTM revenue to gauge investment intensity. Semis, telecoms, hyperscalers and utilities typically lead. Values are ranked in USD after period-average FX translation (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of .
Sector scopeHealthcareChange sectorChange sector
Top companies by CapEx — Healthcare
- Novo Nordisk
NVO
- Sector
- Healthcare
- CapEx
- $13.78B
- As of
- Eli Lilly
LLY
- Sector
- Healthcare
- CapEx
- $7.84B
- As of
- Sector
- Healthcare
- CapEx
- $5.07B
- As of
- Sector
- Healthcare
- CapEx
- $5.07B
- As of
- Merck & Co.
MRK
- Sector
- Healthcare
- CapEx
- $4.11B
- As of
- AstraZeneca
AZN
- Sector
- Healthcare
- CapEx
- $4.09B
- As of
- Sector
- Healthcare
- CapEx
- $3.49B
- As of
- CVS Health
CVS
- Sector
- Healthcare
- CapEx
- $2.83B
- As of
- Pfizer
PFE
- Sector
- Healthcare
- CapEx
- $2.63B
- As of
- Sector
- Healthcare
- CapEx
- $2.17B
- As of
- Medtronic
MDT
- Sector
- Healthcare
- CapEx
- $1.88B
- As of
- Amgen
AMGN
- Sector
- Healthcare
- CapEx
- $1.86B
- As of
- Sector
- Healthcare
- CapEx
- $1.54B
- As of
- Sector
- Healthcare
- CapEx
- $1.31B
- As of
- Cigna
CI
- Sector
- Healthcare
- CapEx
- $1.21B
- As of
- Sector
- Healthcare
- CapEx
- $1.16B
- As of
- Danaher
DHR
- Sector
- Healthcare
- CapEx
- $1.15B
- As of
- Sector
- Healthcare
- CapEx
- $1.03B
- As of
- Sector
- Healthcare
- CapEx
- $909.00M
- As of
- Sector
- Healthcare
- CapEx
- $898.40M
- As of
- Centene
CNC
- Sector
- Healthcare
- CapEx
- $832.00M
- As of
- Sector
- Healthcare
- CapEx
- $763.00M
- As of
- Stryker
SYK
- Sector
- Healthcare
- CapEx
- $761.00M
- As of
- Cencora
COR
- Sector
- Healthcare
- CapEx
- $681.46M
- As of
- Zoetis
ZTS
- Sector
- Healthcare
- CapEx
- $621.00M
- As of
- Sector
- Healthcare
- CapEx
- $597.00M
- As of
- DaVita
DVA
- Sector
- Healthcare
- CapEx
- $575.86M
- As of
- Gilead Sciences
GILD
- Sector
- Healthcare
- CapEx
- $563.00M
- As of
- Humana
HUM
- Sector
- Healthcare
- CapEx
- $546.00M
- As of
- Sector
- Healthcare
- CapEx
- $526.50M
- As of
- Sector
- Healthcare
- CapEx
- $524.00M
- As of
- Sector
- Healthcare
- CapEx
- $522.00M
- As of
- Viatris
VTRS
- Sector
- Healthcare
- CapEx
- $495.50M
- As of
- GE HealthCare
GEHC
- Sector
- Healthcare
- CapEx
- $482.00M
- As of
- Sector
- Healthcare
- CapEx
- $437.60M
- As of
- Sector
- Healthcare
- CapEx
- $434.50M
- As of
- Sector
- Healthcare
- CapEx
- $403.00M
- As of
- McKesson
MCK
- Sector
- Healthcare
- CapEx
- $386.00M
- As of
- Solventum
SOLV
- Sector
- Healthcare
- CapEx
- $379.00M
- As of
- Sector
- Healthcare
- CapEx
- $375.20M
- As of
- DexCom
DXCM
- Sector
- Healthcare
- CapEx
- $363.50M
- As of
- STERIS
STE
- Sector
- Healthcare
- CapEx
- $349.69M
- As of
- AbbVie
ABBV
- Sector
- Healthcare
- CapEx
- $329.00M
- As of
- AptarGroup
ATR
- Sector
- Healthcare
- CapEx
- $274.43M
- As of
- Sector
- Healthcare
- CapEx
- $260.20M
- As of
- Sector
- Healthcare
- CapEx
- $257.30M
- As of
- Sector
- Healthcare
- CapEx
- $219.15M
- As of
- Moderna
MRNA
- Sector
- Healthcare
- CapEx
- $202.00M
- As of
- Insulet
PODD
- Sector
- Healthcare
- CapEx
- $191.60M
- As of
- IQVIA
IQV
- Sector
- Healthcare
- CapEx
- $174.00M
- As of
- Sector
- Healthcare
- CapEx
- $151.40M
- As of
- Henry Schein
HSIC
- Sector
- Healthcare
- CapEx
- $151.00M
- As of
- Illumina
ILMN
- Sector
- Healthcare
- CapEx
- $140.00M
- As of
- ResMed
RMD
- Sector
- Healthcare
- CapEx
- $125.88M
- As of
- Sector
- Healthcare
- CapEx
- $124.68M
- As of
- Sector
- Healthcare
- CapEx
- $112.75M
- As of
- Sector
- Healthcare
- CapEx
- $107.12M
- As of
- Sector
- Healthcare
- CapEx
- $106.00M
- As of
- Revvity
RVTY
- Sector
- Healthcare
- CapEx
- $73.52M
- As of
- Biogen
BIIB
- Sector
- Healthcare
- CapEx
- $66.00M
- As of
- Incyte
INCY
- Sector
- Healthcare
- CapEx
- $65.90M
- As of
- Insmed
INSM
- Sector
- Healthcare
- CapEx
- $62.56M
- As of
- Sector
- Healthcare
- CapEx
- $58.70M
- As of
- Bio-Techne
TECH
- Sector
- Healthcare
- CapEx
- $26.30M
- As of
- Align Technology
ALGN
- Sector
- Healthcare
- CapEx
- $0
- As of
| # | Company | Sector | CapEx | As of |
|---|---|---|---|---|
| 1 | Novo Nordisk (NVO) | Healthcare | $13.78B | |
| 2 | Eli Lilly (LLY) | Healthcare | $7.84B | |
| 3 | HCA Healthcare (HCA) | Healthcare | $5.07B | |
| 4 | Johnson & Johnson (JNJ) | Healthcare | $5.07B | |
| 5 | Merck & Co. (MRK) | Healthcare | $4.11B | |
| 6 | AstraZeneca (AZN) | Healthcare | $4.09B | |
| 7 | UnitedHealth Group (UNH) | Healthcare | $3.49B | |
| 8 | CVS Health (CVS) | Healthcare | $2.83B | |
| 9 | Pfizer (PFE) | Healthcare | $2.63B | |
| 10 | Abbott Laboratories (ABT) | Healthcare | $2.17B | |
| 11 | Medtronic (MDT) | Healthcare | $1.88B | |
| 12 | Amgen (AMGN) | Healthcare | $1.86B | |
| 13 | Thermo Fisher Scientific (TMO) | Healthcare | $1.54B | |
| 14 | Bristol-Myers Squibb (BMY) | Healthcare | $1.31B | |
| 15 | Cigna (CI) | Healthcare | $1.21B | |
| 16 | Elevance Health (ELV) | Healthcare | $1.16B | |
| 17 | Danaher (DHR) | Healthcare | $1.15B | |
| 18 | Universal Health Services (UHS) | Healthcare | $1.03B | |
| 19 | Boston Scientific (BSX) | Healthcare | $909.00M | |
| 20 | Regeneron Pharmaceuticals (REGN) | Healthcare | $898.40M | |
| 21 | Centene (CNC) | Healthcare | $832.00M | |
| 22 | Becton, Dickinson and (BDX) | Healthcare | $763.00M | |
| 23 | Stryker (SYK) | Healthcare | $761.00M | |
| 24 | Cencora (COR) | Healthcare | $681.46M | |
| 25 | Zoetis (ZTS) | Healthcare | $621.00M | |
| 26 | Cardinal Health (CAH) | Healthcare | $597.00M | |
| 27 | DaVita (DVA) | Healthcare | $575.86M | |
| 28 | Gilead Sciences (GILD) | Healthcare | $563.00M | |
| 29 | Humana (HUM) | Healthcare | $546.00M | |
| 30 | Intuitive Surgical (ISRG) | Healthcare | $526.50M | |
| 31 | Quest Diagnostics (DGX) | Healthcare | $524.00M | |
| 32 | Baxter International (BAX) | Healthcare | $522.00M | |
| 33 | Viatris (VTRS) | Healthcare | $495.50M | |
| 34 | GE HealthCare (GEHC) | Healthcare | $482.00M | |
| 35 | Vertex Pharmaceuticals (VRTX) | Healthcare | $437.60M | |
| 36 | Labcorp Holdings (LH) | Healthcare | $434.50M | |
| 37 | Agilent Technologies (A) | Healthcare | $403.00M | |
| 38 | McKesson (MCK) | Healthcare | $386.00M | |
| 39 | Solventum (SOLV) | Healthcare | $379.00M | |
| 40 | Cooper Companies (COO) | Healthcare | $375.20M | |
| 41 | DexCom (DXCM) | Healthcare | $363.50M | |
| 42 | STERIS (STE) | Healthcare | $349.69M | |
| 43 | AbbVie (ABBV) | Healthcare | $329.00M | |
| 44 | AptarGroup (ATR) | Healthcare | $274.43M | |
| 45 | Edwards Lifesciences (EW) | Healthcare | $260.20M | |
| 46 | West Pharmaceutical Services (WST) | Healthcare | $257.30M | |
| 47 | Charles River (CRL) | Healthcare | $219.15M | |
| 48 | Moderna (MRNA) | Healthcare | $202.00M | |
| 49 | Insulet (PODD) | Healthcare | $191.60M | |
| 50 | IQVIA (IQV) | Healthcare | $174.00M | |
| 51 | Zimmer Biomet Holdings (ZBH) | Healthcare | $151.40M | |
| 52 | Henry Schein (HSIC) | Healthcare | $151.00M | |
| 53 | Illumina (ILMN) | Healthcare | $140.00M | |
| 54 | ResMed (RMD) | Healthcare | $125.88M | |
| 55 | IDEXX Laboratories (IDXX) | Healthcare | $124.68M | |
| 56 | Waters Corporation (WAT) | Healthcare | $112.75M | |
| 57 | Mettler Toledo (MTD) | Healthcare | $107.12M | |
| 58 | Molina Healthcare (MOH) | Healthcare | $106.00M | |
| 59 | Revvity (RVTY) | Healthcare | $73.52M | |
| 60 | Biogen (BIIB) | Healthcare | $66.00M | |
| 61 | Incyte (INCY) | Healthcare | $65.90M | |
| 62 | Insmed (INSM) | Healthcare | $62.56M | |
| 63 | Alnylam Pharmaceuticals (ALNY) | Healthcare | $58.70M | |
| 64 | Bio-Techne (TECH) | Healthcare | $26.30M | |
| 65 | Align Technology (ALGN) | Healthcare | $0 |