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25 days ago
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I need both Apple (AAPL) and Microsoft (MSFT) to compare their capital expenditures. Let me find their tickers (AAPL is confirmed) and load the data.Good, I have the data. Now let me compute annual summaries with both raw capex and year-over-year growth, then show them as a table and chart.Now let me also chart this. I need a wide DataFrame for charting.

Loading chart...Apple vs Microsoft — Annual Capital Expenditures (FY 21–25)

Ticker FY CapEx YoY Growth
AAPL 21 $11.1B
AAPL 22 $10.7B –3.4%
AAPL 23 $11.0B +2.3%
AAPL 24 $9.4B –13.8%
AAPL 25 $12.7B +34.6%
MSFT 22 $23.9B
MSFT 23 $28.1B +17.7%
MSFT 24 $44.5B +58.2%
MSFT 25 $64.6B +45.1%

Key Takeaways:

  • Microsoft's capex has exploded — $23.9B in FY22 to $64.6B in FY25, a 170% increase over three years, driven by massive AI/cloud infrastructure investment. The last two years alone grew at 58% and 45% YoY.
  • Apple's capex has stayed relatively flat, hovering around $10–12B annually, consistent with its asset-light model where manufacturing is outsourced. FY25's jump to $12.7B (+35%) is notable but still a fraction of Microsoft's spend.
  • Microsoft now outspends Apple on capex by ~5x — a dramatic gap that reflects the fundamentally different business models: Microsoft builds hyperscale data centers; Apple designs products others manufacture.
25 days ago