Investing
CapEx
Amgen CapEx increased by 47.2% to $642.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 73.0%, from $371.00M to $642.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 20.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $185.00M | $242.00M | $287.00M | $190.00M | $246.00M | $160.00M | $340.00M | $344.00M | $271.00M | $248.00M | $249.00M | $230.00M | $238.00M | $257.00M | $371.00M | $411.00M | $369.00M | $436.00M | $642.00M |
| QoQ Change | — | +30.8% | +18.6% | -33.8% | +29.5% | -35.0% | +112.5% | +1.2% | -21.2% | -8.5% | +0.4% | -7.6% | +3.5% | +8.0% | +44.4% | +10.8% | -10.2% | +18.2% | +47.2% |
| YoY Change | — | — | — | — | +33.0% | -33.9% | +18.5% | +81.1% | +10.2% | +55.0% | -26.8% | -33.1% | -12.2% | +3.6% | +49.0% | +78.7% | +55.0% | +69.6% | +73.0% |
Range$160.00M – $642.00M
CAGR+31.9%
Avg YoY Growth+28.0%
Median YoY Growth+33.0%
Current Streak2 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Amgen's capex?
- Amgen (AMGN) reported capex of $642.00M in Q4 2025.
- How has Amgen's capex changed year-over-year?
- Amgen's capex increased by 73.0% year-over-year, from $371.00M to $642.00M.
- What is the long-term trend for Amgen's capex?
- Over 4 years (2021 to 2025), Amgen's capex has grown at a 20.5% compound annual growth rate (CAGR), from $880.00M to $1.86B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.