QualityRev Gr 1Y#54
CapEx Consistency measures how efficiently a company converts capital into earnings.
By Javier Sanz, Founder & Lead AnalystEditorially reviewed
Last updated: Reviewed by: Javier Sanz
Formula
(Revenue_current - Revenue_prior) / Revenue_prior x 100
Description
Year-over-year percentage change in total revenue. This is the most basic growth metric and the starting point for understanding business momentum. Consistent revenue growth indicates a company is gaining market share or expanding into new markets.
Interpretation
Above 8% is solid for mature companies. Double-digit growth in large-cap companies is exceptional. Compare to industry growth rate. Revenue growth without corresponding profit growth may indicate the company is buying growth at the expense of profitability.
Related metrics: Return on Equity (ROE), Return on Assets (ROA), Return on Invested Capital (ROIC). (Updated 2026)
Further Reading
- SEC EDGAR primary filings on CapEx Consistency- Primary source filings used to calculate CapEx Consistency.
FAQ
How is CapEx Consistency calculated?+
CapEx Consistency uses the formula: (Revenue_current - Revenue_prior) / Revenue_prior x 100. compare against sector median on /screener with the Sector filter applied. ValueMarkers refreshes the calculation within 24 hours of each new SEC filing using SEC EDGAR 10-K + 10-Q filings (segment-level disclosures).
What is a good CapEx Consistency value by sector?+
There is no single 'good' value for CapEx Consistency — context is sector-driven. compare against sector median on /screener with the Sector filter applied. The /screener exposes sector-relative percentiles for CapEx Consistency on every ticker, so you can compare against the sector median rather than the broad-market median.
Which investors use CapEx Consistency?+
Charlie Munger, Joel Greenblatt, Terry Smith cite CapEx Consistency as a key input to to find compounders with durable economic moats. The academic anchor is Greenblatt (2005) Magic Formula and Mauboussin (2014). ValueMarkers weights this within the Quality pillar of the VMCI score (30% of total).
What are the limitations of CapEx Consistency?+
CapEx Consistency can mislead in asset-light businesses where conventional capital ratios mislead. Pair CapEx Consistency with at least two cross-checks from other VMCI pillars — for example, free cash flow trend, balance-sheet quality, and earnings consistency — before drawing a single-metric conclusion.
Where can I see live CapEx Consistency data?+
Visit any /stock/[ticker] page on ValueMarkers to see live CapEx Consistency data, sector percentiles, and the VMCI composite score that integrates CapEx Consistency with 119 other indicators across 100,000+ stocks. The free /screener exposes CapEx Consistency as a filterable column.
Related Quality Indicators
Return on Equity (ROE)Op Margin
Return on Equity measures how efficiently a company converts capital into earnings.
Return on Assets (ROA)Net Margin
Return on Assets is the metric used to how efficiently a company converts capital into earnings.
Return on Invested Capital (ROIC)EBITDA Margin
Return on Invested Capital measures how efficiently a company converts capital into earnings.
Return on Capital Employed (ROCE)FCF Margin
Return on Capital Employed is the metric used to how efficiently a company converts capital into earnings.
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