Margins by Sector

Data Used: Value Line database, of 5891 firms

Date of Analysis: Data used is as of January 2012

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of Firms EBITDASG&A/Sales EBITDA/Sales EBIT/Sales After-tax Operating Margin (EBIT(1-t)/ Sales) Net Margin
Advertising 31 49.98% 14.41% 10.27% 7.44% 3.63%
Aerospace/Defense 64 20.81% 12.53% 10.16% 7.31% 6.78%
Air Transport 36 26.54% 13.76% 8.78% 6.86% 3.76%
Apparel 57 45.71% 13.73% 10.97% 7.60% 6.72%
Auto Parts 51 20.02% 9.48% 6.49% 4.98% 5.10%
Automotive 12 24.59% 12.50% 6.99% 4.94% 3.36%
Bank 426 NA NA NA NA NA
Bank (Midwest) 45 NA NA NA NA NA
Beverage 34 59.01% 25.15% 20.45% 15.60% 13.99%
Biotechnology 158 52.73% -0.79% -7.79% -13.73% 9.11%
Building Materials 45 29.07% 11.10% 4.17% 3.16% -4.01%
Cable TV 21 57.03% 35.30% 19.58% 12.43% 9.02%
Chemical (Basic) 16 27.15% 17.12% 12.09% 9.56% 12.46%
Chemical (Diversified) 31 32.58% 18.12% 13.20% 9.30% 8.79%
Chemical (Specialty) 70 34.27% 15.86% 11.10% 7.87% 8.04%
Coal 20 29.09% 24.19% 15.94% 12.53% 12.00%
Computer Software 184 77.44% 35.60% 31.35% 24.62% 24.78%
Computers/Peripherals 87 32.83% 17.18% 14.15% 10.83% 10.74%
Diversified Co. 107 30.56% 18.56% 14.09% 11.76% 9.21%
Drug 279 73.12% 30.51% 21.91% 16.96% 17.99%
E-Commerce 57 62.83% 20.59% 14.39% 10.87% 10.73%
Educational Services 34 60.38% 24.64% 20.80% 12.91% 11.86%
Electric Util. (Central) 21 30.38% 28.70% 17.72% 11.58% 8.89%
Electric Utility (East) 21 29.35% 29.35% 19.13% 12.66% 9.77%
Electric Utility (West) 14 29.37% 28.92% 16.79% 11.38% 8.53%
Electrical Equipment 68 38.02% 16.90% 13.19% 9.95% 12.12%
Electronics 139 18.38% 8.08% 5.99% 4.48% 4.63%
Engineering & Const 25 11.09% 6.26% 4.72% 3.35% 3.47%
Entertainment 77 39.33% 23.55% 17.72% 12.17% 10.12%
Entertainment Tech 40 53.74% 16.05% 10.48% 9.04% 9.62%
Environmental 82 36.52% 23.56% 15.22% 9.48% 7.53%
Financial Svcs. (Div.) 225 89.25% 46.41% 43.49% 33.84% 5.08%
Food Processing 112 25.93% 11.36% 9.08% 6.52% 5.36%
Foreign Electronics 9 36.80% 10.65% 5.27% 3.23% 1.83%
Funeral Services 6 32.24% 20.32% 15.64% 9.82% 7.48%
Furn/Home Furnishings 35 32.06% 9.51% 6.43% 4.58% 3.76%
Healthcare Information 25 53.93% 18.39% 12.11% 7.64% 8.81%
Heavy Truck & Equip 21 27.33% 12.69% 9.13% 6.64% 8.48%
Homebuilding 23 14.64% -0.70% -1.56% -2.09% -5.64%
Hotel/Gaming 51 34.67% 20.74% 12.61% 10.13% 6.29%
Household Products 26 49.70% 20.58% 17.38% 12.79% 11.66%
Human Resources 23 20.47% 2.86% 1.91% 1.18% 1.66%
Industrial Services 137 -8.07% -18.84% -21.40% -23.67% 3.26%
Information Services 27 45.94% 27.90% 19.33% 15.06% 11.94%
Insurance (Life) 30 NA NA NA NA NA
Insurance (Prop/Cas.) 49 NA NA NA NA NA
Internet 186 53.69% 22.91% 18.25% 14.58% 16.00%
IT Services 60 35.14% 17.98% 14.43% 10.32% 10.59%
Machinery 100 36.55% 15.10% 11.05% 8.22% 7.26%
Maritime 52 34.47% 27.89% 14.81% 13.69% 0.78%
Med Supp Invasive 83 67.65% 27.86% 22.22% 17.28% 16.64%
Med Supp Non-Invasive 146 20.30% 7.96% 6.48% 4.81% 4.89%
Medical Services 122 27.91% 13.23% 11.11% 7.39% 4.84%
Metal Fabricating 24 32.83% 18.71% 15.07% 10.89% 7.84%
Metals & Mining (Div.) 73 40.93% 38.91% 31.57% 21.88% 7.36%
Natural Gas (Div.) 29 61.83% 53.71% 28.94% 17.50% 12.72%
Natural Gas Utility 22 35.16% 18.02% 12.80% 8.57% 5.10%
Newspaper 13 53.69% 20.16% 14.59% 9.02% 3.11%
Office Equip/Supplies 24 32.72% 9.62% 6.65% 4.59% 4.07%
Oil/Gas Distribution 13 39.89% 28.25% 18.45% 14.46% 9.80%
Oilfield Svcs/Equip. 93 32.14% 24.15% 15.11% 11.28% 10.72%
Packaging & Container 26 24.08% 14.82% 10.12% 7.02% 13.46%
Paper/Forest Products 32 26.93% 19.45% 12.01% 9.84% 4.63%
Petroleum (Integrated) 20 21.17% 14.70% 9.76% 5.65% 7.99%
Petroleum (Producing) 176 44.46% 39.33% 25.74% 19.10% 10.69%
Pharmacy Services 19 18.75% 6.41% 5.11% 3.14% 2.91%
Pipeline MLPs 27 16.65% 13.08% 8.95% 8.68% 7.11%
Power 93 30.10% 22.31% 14.54% 10.88% 1.49%
Precious Metals 84 54.58% 46.27% 33.30% 24.02% 30.24%
Precision Instrument 77 48.89% 16.03% 10.74% 8.80% 9.57%
Property Management 31 30.28% 21.90% 15.63% 12.95% 9.18%
Public/Private Equity 11 12.87% -2.41% -2.58% -0.48% 62.30%
Publishing 24 43.92% 17.80% 12.10% 8.33% 6.22%
R.E.I.T. 5 155.87% 148.16% 129.07% 126.01% 113.55%
Railroad 12 37.70% 37.39% 28.43% 18.56% 17.86%
Recreation 56 34.95% 17.59% 11.51% 9.26% 7.28%
Reinsurance 13 NA NA NA NA NA
Restaurant 63 31.65% 20.57% 15.82% 11.17% 10.70%
Retail (Hardlines) 75 35.61% 10.73% 7.50% 4.99% 3.86%
Retail (Softlines) 47 38.82% 12.76% 9.39% 5.82% 5.56%
Retail Automotive 20 25.56% 8.57% 6.88% 4.46% 4.35%
Retail Building Supply 8 35.10% 10.72% 8.13% 5.13% 5.14%
Retail Store 37 26.60% 7.91% 5.84% 3.83% 3.45%
Retail/Wholesale Food 30 20.66% 5.15% 3.18% 2.07% 4.16%
Securities Brokerage 28 54.21% 51.69% 48.78% 35.58% 11.45%
Semiconductor 141 59.69% 33.21% 22.76% 18.13% 17.82%
Semiconductor Equip 12 45.84% 25.81% 21.65% 18.30% 16.30%
Shoe 19 46.44% 13.07% 11.34% 8.22% 8.44%
Steel 32 16.68% 10.96% 5.83% 4.90% 3.52%
Telecom. Equipment 99 47.37% 14.78% 10.87% 8.53% 7.22%
Telecom. Services 74 57.59% 38.57% 22.74% 16.56% 5.11%
Telecom. Utility 25 59.85% 32.83% 15.83% 11.21% 8.50%
Thrift 148 NA NA NA NA NA
Tobacco 11 33.90% 22.75% 20.61% 15.24% 8.46%
Toiletries/Cosmetics 15 64.47% 13.43% 10.85% 7.24% 7.37%
Trucking 36 16.91% 12.60% 6.37% 4.20% 2.74%
Utility (Foreign) 4 27.79% 25.34% 11.60% 7.81% 0.55%
Water Utility 11 45.76% 39.41% 26.61% 18.05% 12.25%
Wireless Networking 57 17.87% -4.49% -11.47% -15.91% 7.96%
Total Market 5891 40.23% 22.68% 17.24% 12.62% 8.32%


Last Updated in January 2012
By Aswath Damodaran