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The 15 most profitable industries
A data release from Sageworks
“Many of these industries are consistently at the top of the list because they are profitable by their very nature,” explained Sageworks analyst Jenna Weaver. She points out that service-based businesses can attain strong profit margins based on their ability to keep costs low, while being able to charge a premium for their specialized services. “These kinds of businesses sell services from bookkeeping to legal advice to health care and do not need to purchase as many, if any, physical goods,” Weaver said.
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Sageworks possesses a proprietary database of privately held company financial statements aggregated by industry. Sageworks aggregates private-company financial statements from accounting firms, banks, and credit unions through a cooperative data model with their clients. The data is segmented and can be queried by 1,400 industry codes, 70 financial metrics, company size and geographic location. Sageworks releases a quarterly Private Company Report, which provides a snapshot of U.S. private-company performance. Sageworks data and analysis has been used by most major media outlets and is featured weekly on Forbes.com through the "Sageworks Stats" blog.