вторник, 13 января 2015 г.

The 15 Most Profitable Industries



Financial information company Sageworks has released its ranking of the most profitable industries. By analyzing the financial statements of privately held companies and scaling net profit margin over the last 12 months, Sageworks found seven of the top 15 industries are related to health care or real estate. The list also includes many service-based businesses that can keep costs low while charging premiums, noted Sageworks analyst Jenna Weaver.  While the top three industries remain the same as last year, there are some shifts and newcomers. For some perspective, the average profit for privately held companies is 7.2%, according to Sageworks data. Net profit margins exclude taxes and include owner compensation in excess of their market-rate salaries.




No. 1 Accounting, Tax Preparation, Bookkeeping, and Payroll Services
Net Profit Margin: 19.8%
A consistent demand of services and low overhead costs have pushed accounting and tax preparation to the top of this year’s list, increasing from a revised 16.3% profit margin to 19.8%. This industry sector also appeared as #20 in Sageworks' list of fastest-growing industries over the last year.




No. 2 Legal Services
Net Profit Margin: 17.8%
Legal services topped last year’s list with a profit margin of 18.3% but falls down to second this year with a 17.8% margin. Despite the small dip, the industry’s overhead costs remain low. There’s little need for heavy investment costs, other than salaries, and demand is constant.




No. 3 Oil and Gas Extraction
Net Profit Margin: 16.4%
Oil and gas extraction maintains its third place spot as America’s domestic production of oil and shale gas continues to increase and energy imports decline. The profit margin increased from 15.1% to 16.4%.




No. 4 Commercial and Industrial Machinery and Equipment Rental and Leasing
Net Profit Margin: 16.4%
The machinery and equipment rental industry returns to the list in a tie for third, jumping from 13.4% to 16.4%. The industry was also listed as No. 16 in Sageworks' list of fastest-growing industries. With several of the top 15 related to real estate, the industry may be growing due to more home construction.




No. 5 Offices of Dentists
Net Profit Margin: 14.9%
A service that everyone is encouraged to take part in twice a year, dentistry returns to this year’s list. Profitability increased from 12.7% to 14.9%, perhaps due to more demand as the Affordable Care Act supports more insured citizens.




No. 6 Lessors of Real Estate
Net Profit Margin: 14.1%
Rounding out last year’s list with 10.4% growth, real estate leasing jumps to a three-way tie for the sixth spot with 14.1%. The return of the housing market supports a decline in vacancy and, therefore, more business for landlords, who can begin to increase rental rates.




No. 7 Offices of Physicians
Net Profit Margin: 14.1%
Physicians win out over other health practitioners this year, with a profit margin up to 14.1% from 12.2%. Similar to the consistency behind dentistry, physicians are in constant demand, supported by an even better-insured population.




No. 8 Offices of Real Estate Agents and Brokers
Net Profit Margin: 14.1%
Real estate agents and brokers were No. 1 in Sageworks' report of the fastest-growing industries with a sales percent change of 23% over the last year. They return to this year’s list of the most profitable to 14.1% profit from 11.6%, a clear indication of the housing market’s return.




No. 9 Offices of Other Health Practitioners
Net Profit Margin: 12.6%
Health practitioners add to the list’s dominant health care sector. Profit margins remained steady, 12.6% from 12.5% last year, but that’s enough for a valuable profit and a tie on this year’s most profitable list.




No. 10 Management of Companies and Enterprises
Net Profit Margin: 12.6%
A newcomer to the list, privately-held management companies have pushed to a 12.6% profit margin. Sageworks analyst Jenna Weaver noted that cost cutting was the big driver with a decrease in direct costs of goods sold and overhead costs.




No. 11 Outpatient Care Centers
Net Profit Margin: 11.7%
Outpatient care centers joins as the list’s fourth industry related to health care and the only one that experienced a decline in profit, from 13.8% to 11.7%.  While outpatient visits may be on the rise, providing cheaper options than hospital stays, costs may have risen that affect the industry’s bottom line.




No. 12 Other Schools and Instruction
Net Profit Margin: 11.3%
This industry sector includes fine arts schools, sports instruction, language schools, exam prep, automobile driving and other more specialized schools than last year’s inclusion of colleges, universities and professional schools. A decline in overhead costs appears to be one of the main forces bringing it to the list.




No. 13 Activities Related to Real Estate
Net Profit Margin: 10.8%
We’ve seen landlords and real estate agents take top spots in this year’s list, so it should be no surprise other activities supporting the market have increased in profitability. This sector includes property managers and appraisers.




No. 14 Death Care Services
Net Profit Margin: 10.7%
Another newcomer, death care services, including undertakers and funeral homes, added to this year’s list with a profit margin of 10.7%. This industry is another with consistent and increasing demand and low overhead.




No. 15 Support Activities for Mining
Net Profit Margin: 10.5%
Profit did dip for mining services, from 12.0% to 10.5%, but it still managed to round out this year’s list. Sageworks analyst Jenna Weaver identified a slight increase in overhead costs, but the demand for domestic exploration  for minerals and oil and gas extraction (this year’s No. 3) supports a continued profit.

https://bit.ly/3zqZJv1

Комментариев нет:

Отправить комментарий