Net Income Based Operating Income Based EBITDA Based
Industry Name Number of firms Net Margin Pre-tax Unadjusted Operating Margin After-tax Unadjusted Operating Margin Pre-tax Lease adjusted Margin After-tax Lease Adjusted Margin Pre-tax Lease & R&D adj Margin After-tax Lease & R&D adj Margin EBITDA/Sales EBITDASG&A/Sales EBITDAR&D/Sales
Advertising 41 6.04% 12.04% 11.43% 12.07% 11.46% 12.07% 11.46% 15.39% 32.80% 15.39%
Aerospace/Defense 96 7.15% 10.60% 9.45% 10.74% 9.57% 11.14% 9.98% 13.54% 20.24% 17.69%
Air Transport 18 10.79% 17.02% 13.11% 16.30% 12.56% 16.31% 12.56% 21.87% 25.51% 21.97%
Apparel 58 6.29% 11.41% 10.16% 11.31% 10.07% 11.32% 10.08% 14.63% 52.45% 14.76%
Auto & Truck 15 6.35% 5.34% 4.91% 5.39% 4.95% 5.44% 5.00% 9.37% 16.87% 13.91%
Auto Parts 63 4.76% 8.52% 7.63% 8.68% 7.78% 9.12% 8.22% 10.71% 18.03% 13.91%
Bank (Money Center) 10 24.50% 0.00% 0.00% -0.12% -0.09% -0.12% -0.09% 0.00% 52.15% 0.00%
Banks (Regional) 645 23.39% 0.00% 0.00% -0.13% -0.10% -0.13% -0.10% 0.00% 50.90% 0.00%
Beverage (Alcoholic) 25 19.13% 24.19% 21.56% 24.26% 21.63% 24.26% 21.62% 27.10% 52.27% 27.11%
Beverage (Soft) 36 12.81% 18.75% 17.65% 18.86% 17.75% 18.87% 17.77% 22.84% 60.37% 23.49%
Broadcasting 30 7.49% 23.00% 18.73% 23.09% 18.81% 23.08% 18.79% 27.02% 50.74% 27.02%
Brokerage & Investment Banking 45 13.42% 0.31% 0.27% -0.07% -0.06% -0.06% -0.05% 0.17% 46.54% 0.24%
Building Materials 41 6.77% 10.20% 7.81% 10.45% 8.00% 10.46% 8.02% 11.32% 27.60% 12.07%
Business & Consumer Services 165 4.61% 10.26% 8.97% 10.47% 9.15% 10.48% 9.16% 13.39% 33.93% 13.68%
Cable TV 14 11.68% 19.30% 15.38% 19.21% 15.31% 19.21% 15.31% 27.59% 57.58% 27.68%
Chemical (Basic) 45 3.20% 10.36% 9.56% 10.24% 9.45% 10.24% 9.45% 15.77% 23.60% 16.47%
Chemical (Diversified) 8 11.68% 12.58% 11.75% 12.50% 11.67% 12.32% 11.49% 17.22% 27.06% 21.17%
Chemical (Specialty) 100 5.26% 13.92% 12.59% 14.16% 12.80% 14.12% 12.76% 19.52% 39.58% 22.50%
Coal & Related Energy 38 -17.72% -15.34% -15.26% -14.27% -14.20% -14.08% -14.01% 24.50% 30.10% 24.85%
Computer Services 117 6.02% 8.42% 7.48% 8.61% 7.65% 8.73% 7.77% 11.71% 26.83% 14.10%
Computers/Peripherals 55 14.18% 19.85% 18.72% 19.82% 18.70% 19.83% 18.71% 24.42% 33.73% 29.50%
Construction Supplies 51 3.99% 9.07% 7.40% 9.23% 7.53% 9.05% 7.35% 15.56% 25.23% 18.38%
Diversified 24 9.96% 13.78% 12.19% 13.78% 12.19% 13.77% 12.18% 18.82% 26.65% 21.16%
Drugs (Biotechnology) 426 15.45% 28.14% 27.73% 27.89% 27.49% 31.16% 30.75% 33.79% 59.00% 64.63%
Drugs (Pharmaceutical) 164 14.19% 24.11% 23.50% 24.12% 23.50% 24.48% 23.87% 30.48% 58.94% 47.66%
Education 36 2.01% 7.68% 6.97% 7.84% 7.11% 8.01% 7.28% 12.09% 51.20% 13.23%
Electrical Equipment 119 6.71% 12.09% 11.38% 12.38% 11.65% 12.15% 11.42% 15.79% 35.70% 18.31%
Electronics (Consumer & Office) 24 -1.72% 2.33% 2.24% 2.16% 2.07% 3.38% 3.30% 10.18% 29.82% 18.75%
Electronics (General) 164 5.80% 8.13% 7.41% 8.28% 7.55% 8.60% 7.87% 13.46% 28.14% 19.01%
Engineering/Construction 48 0.57% 3.78% 3.21% 3.98% 3.37% 3.98% 3.37% 5.88% 12.45% 5.91%
Entertainment 79 12.58% 21.67% 20.48% 21.50% 20.32% 21.51% 20.33% 24.85% 41.86% 24.88%
Environmental & Waste Services 89 4.63% 11.60% 11.01% 12.04% 11.43% 12.00% 11.39% 19.32% 32.19% 19.35%
Farming/Agriculture 37 3.18% 4.41% 4.06% 4.53% 4.18% 4.53% 4.17% 7.26% 12.59% 8.52%
Financial Svcs. (Non-bank & Insurance) 258 21.77% 7.90% 6.25% 7.78% 6.16% 7.80% 6.19% 9.36% 39.93% 9.53%
Food Processing 87 6.73% 13.51% 11.53% 13.66% 11.65% 13.67% 11.67% 15.12% 30.93% 15.81%
Food Wholesalers 16 1.13% 2.79% 2.46% 2.85% 2.51% 2.85% 2.51% 3.80% 16.69% 3.80%
Furn/Home Furnishings 30 6.02% 9.67% 8.26% 9.98% 8.52% 10.02% 8.56% 11.72% 28.07% 13.34%
Green & Renewable Energy 25 -9.57% 21.51% 20.60% 16.70% 15.99% 16.74% 16.03% 38.62% 54.22% 38.90%
Healthcare Products 254 9.95% 15.67% 14.71% 15.91% 14.93% 16.49% 15.52% 20.33% 52.54% 27.71%
Healthcare Support Services 121 2.30% 4.56% 3.90% 4.60% 3.94% 4.61% 3.95% 5.20% 13.46% 5.28%
Heathcare Information and Technology 125 8.08% 13.27% 12.44% 13.38% 12.54% 13.85% 13.00% 18.81% 47.21% 25.20%
Homebuilding 33 6.17% 9.94% 7.23% 10.02% 7.29% 10.02% 7.29% 9.55% 19.80% 9.55%
Hospitals/Healthcare Facilities 38 0.52% 10.08% 8.87% 9.74% 8.56% 9.74% 8.56% 14.57% 18.38% 14.57%
Hotel/Gaming 69 8.06% 18.74% 16.63% 18.07% 16.04% 18.09% 16.06% 27.41% 45.57% 27.68%
Household Products 129 10.22% 18.31% 16.65% 18.39% 16.73% 18.34% 16.68% 21.67% 54.08% 23.69%
Information Services 64 12.94% 23.00% 19.23% 23.32% 19.50% 23.41% 19.59% 26.90% 48.16% 28.57%
Insurance (General) 19 4.30% 8.36% 6.83% 8.42% 6.87% 8.42% 6.87% 16.54% 30.34% 16.55%
Insurance (Life) 22 7.36% 12.47% 9.61% 12.51% 9.64% 12.51% 9.64% 14.37% 24.74% 14.37%
Insurance (Prop/Cas.) 50 7.20% 11.31% 8.79% 11.43% 8.88% 11.43% 8.88% 14.30% 25.19% 14.30%
Investments & Asset Management 156 18.39% 18.28% 16.87% 17.93% 16.55% 17.96% 16.58% 20.71% 53.80% 21.10%
Machinery 127 6.60% 13.07% 11.54% 13.34% 11.78% 13.30% 11.73% 16.66% 36.40% 18.82%
Metals & Mining 97 -25.15% 5.01% 4.95% 5.17% 5.11% 5.09% 5.03% 22.51% 26.73% 22.69%
Office Equipment & Services 24 4.81% 9.88% 8.23% 10.19% 8.49% 10.21% 8.51% 13.21% 38.38% 14.69%
Oil/Gas (Integrated) 7 0.56% -3.36% -3.32% -3.04% -3.00% -3.05% -3.01% 17.79% 23.77% 18.31%
Oil/Gas (Production and Exploration) 330 -85.74% -29.80% -29.70% -28.89% -28.80% -28.91% -28.81% 52.04% 66.87% 52.22%
Oil/Gas Distribution 78 1.55% 13.70% 13.30% 13.66% 13.26% 13.66% 13.26% 21.03% 25.94% 21.03%
Oilfield Svcs/Equip. 148 -4.28% 2.56% 2.45% 2.81% 2.69% 2.75% 2.63% 13.15% 17.89% 13.70%
Packaging & Container 26 3.78% 9.92% 7.49% 10.09% 7.62% 10.10% 7.63% 15.42% 26.35% 15.93%
Paper/Forest Products 23 8.30% 4.86% 4.16% 4.91% 4.20% 4.92% 4.21% 9.75% 19.26% 9.85%
Power 68 4.01% 18.73% 15.12% 18.44% 14.89% 18.42% 14.87% 31.23% 34.35% 31.34%
Precious Metals 109 -17.03% 14.44% 14.18% 14.61% 14.34% 14.74% 14.47% 31.24% 37.25% 32.53%
Publishing & Newspapers 37 1.59% 6.98% 5.98% 7.00% 6.00% 6.96% 5.96% 11.33% 35.23% 11.44%
R.E.I.T. 238 22.43% 26.44% 25.99% 22.99% 22.59% 22.99% 22.59% 45.43% 54.28% 45.46%
Real Estate (Development) 18 17.33% 6.78% 6.65% 5.21% 5.11% 5.21% 5.11% 14.49% 24.32% 14.49%
Real Estate (General/Diversified) 11 4.56% 21.21% 17.96% 21.24% 17.99% 21.24% 17.99% 30.14% 50.74% 30.14%
Real Estate (Operations & Services) 54 3.95% 7.75% 7.07% 7.90% 7.21% 7.90% 7.21% 11.43% 44.85% 11.43%
Recreation 66 6.70% 12.05% 10.46% 12.05% 10.46% 12.21% 10.61% 17.45% 40.06% 20.03%
Reinsurance 3 7.45% 11.39% 9.19% 11.31% 9.13% 11.31% 9.13% 11.98% 12.32% 11.98%
Restaurant/Dining 86 9.20% 15.21% 12.70% 13.65% 11.40% 13.65% 11.40% 20.03% 28.91% 20.06%
Retail (Automotive) 25 3.63% 6.22% 4.82% 5.63% 4.36% 5.63% 4.36% 7.36% 22.25% 7.36%
Retail (Building Supply) 6 6.25% 11.63% 9.29% 11.13% 8.89% 11.13% 8.89% 12.97% 33.53% 12.97%
Retail (Distributors) 88 3.52% 8.08% 6.71% 8.42% 6.99% 8.42% 6.99% 9.65% 28.28% 9.65%
Retail (General) 19 2.60% 4.74% 3.69% 4.33% 3.37% 4.33% 3.37% 7.01% 27.27% 7.01%
Retail (Grocery and Food) 14 1.89% 3.43% 2.61% 2.56% 1.94% 2.56% 1.94% 5.55% 24.27% 5.55%
Retail (Online) 57 2.97% 5.15% 4.71% 5.16% 4.72% 5.40% 4.97% 8.28% 33.84% 9.62%
Retail (Special Lines) 108 3.17% 6.66% 5.24% 6.19% 4.87% 6.20% 4.89% 8.59% 29.32% 8.65%
Rubber& Tires 4 2.96% 11.31% 10.17% 11.81% 10.61% 11.76% 10.57% 15.84% 31.06% 18.19%
Semiconductor 80 14.27% 20.66% 19.07% 20.94% 19.33% 21.78% 20.17% 30.96% 43.67% 50.38%
Semiconductor Equip 45 11.30% 16.79% 14.92% 17.00% 15.11% 17.54% 15.65% 22.28% 33.91% 34.91%
Shipbuilding & Marine 11 -7.62% 5.67% 5.26% 7.75% 7.19% 7.75% 7.19% 18.91% 30.51% 18.91%
Shoe 10 10.04% 12.29% 10.51% 12.10% 10.35% 12.10% 10.35% 14.29% 46.55% 14.40%
Software (Entertainment) 13 14.71% 17.28% 17.10% 17.30% 17.12% 18.65% 18.47% 19.39% 47.05% 38.52%
Software (Internet) 297 13.08% 22.09% 21.32% 21.69% 20.93% 23.55% 22.80% 23.87% 51.03% 40.40%
Software (System & Application) 236 11.21% 15.59% 14.71% 15.62% 14.73% 16.52% 15.63% 21.77% 47.46% 35.91%
Steel 38 -5.71% 0.46% 0.42% 0.64% 0.59% 0.64% 0.59% 7.26% 15.04% 7.35%
Telecom (Wireless) 17 -2.36% 5.54% 5.04% 4.29% 3.90% 4.29% 3.90% 21.49% 50.97% 21.53%
Telecom. Equipment 107 12.11% 18.06% 16.95% 18.27% 17.15% 18.81% 17.68% 22.09% 43.89% 34.41%
Telecom. Services 67 9.57% 19.19% 16.63% 18.74% 16.23% 18.73% 16.23% 33.07% 55.41% 33.61%
Tobacco 22 27.39% 40.14% 36.59% 40.28% 36.72% 40.30% 36.74% 39.66% 57.87% 40.80%
Transportation 17 4.99% 9.76% 8.06% 9.66% 7.97% 9.66% 7.97% 12.83% 15.05% 12.84%
Transportation (Railroads) 7 18.31% 32.39% 25.21% 32.14% 25.01% 32.14% 25.01% 45.49% 45.58% 45.49%
Trucking 30 3.84% 8.57% 6.28% 9.45% 6.92% 9.45% 6.92% 15.70% 22.76% 15.70%
Utility (General) 18 9.41% 19.83% 14.75% 19.79% 14.72% 19.79% 14.72% 31.19% 31.64% 31.25%
Utility (Water) 22 13.69% 30.10% 26.50% 29.97% 26.38% 29.98% 26.39% 42.91% 48.64% 42.98%
Total Market 7330 6.22% 10.38% 9.30% 10.28% 9.21% 10.40% 9.32% 15.92% 32.37% 18.24%
Total Market (without financials) 6100 5.10% 10.80% 9.91% 10.70% 9.81% 10.83% 9.94% 16.77% 31.43% 19.34%