Margin/ ROIC by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2025

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/mgnroc.xls

For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry name Number of firms After-tax Operating Margin Sales/ Invested Capital (LTM) Return on Capital
Advertising 54 10.53% 4.19 44.19%
Aerospace/Defense 67 7.03% 2.62 18.41%
Air Transport 24 4.95% 1.75 8.64%
Apparel 37 8.84% 1.73 15.34%
Auto & Truck 34 3.24% 1.15 3.73%
Auto Parts 33 4.75% 2.43 11.51%
Bank (Money Center) 15 NA 0.00 NA
Banks (Regional) 591 NA 0.00 NA
Beverage (Alcoholic) 18 20.99% 0.85 17.86%
Beverage (Soft) 29 18.74% 1.67 31.37%
Broadcasting 22 11.17% 1.14 12.68%
Brokerage & Investment Banking 30 NA 0.00 NA
Building Materials 39 11.08% 2.66 29.43%
Business & Consumer Services 152 10.91% 2.66 29.03%
Cable TV 9 16.25% 0.85 13.82%
Chemical (Basic) 31 5.75% 1.59 9.11%
Chemical (Diversified) 4 4.38% 1.31 5.74%
Chemical (Specialty) 60 10.91% 1.13 12.37%
Coal & Related Energy 16 10.73% 1.24 13.31%
Computer Services 63 5.77% 4.71 27.19%
Computers/Peripherals 35 20.91% 3.34 69.95%
Construction Supplies 46 13.15% 1.56 20.57%
Diversified 21 31.35% 0.80 25.07%
Drugs (Biotechnology) 535 7.47% 0.93 6.98%
Drugs (Pharmaceutical) 231 25.00% 1.01 25.38%
Education 29 7.55% 1.86 14.03%
Electrical Equipment 101 7.26% 2.09 15.16%
Electronics (Consumer & Office) 11 -4.87% 2.74 -13.33%
Electronics (General) 122 7.82% 2.17 17.00%
Engineering/Construction 42 4.98% 3.86 19.24%
Entertainment 96 8.09% 1.41 11.38%
Environmental & Waste Services 50 14.09% 2.32 32.68%
Farming/Agriculture 35 6.81% 1.57 10.67%
Financial Svcs. (Non-bank & Insurance) 166 14.50% 0.07 0.99%
Food Processing 77 10.91% 1.70 18.52%
Food Wholesalers 14 2.22% 7.78 17.30%
Furn/Home Furnishings 28 6.07% 1.96 11.89%
Green & Renewable Energy 18 19.50% 0.19 3.67%
Healthcare Products 218 14.53% 1.33 19.39%
Healthcare Support Services 113 3.13% 14.65 45.79%
Heathcare Information and Technology 116 12.98% 1.22 15.86%
Homebuilding 30 12.82% 1.64 21.05%
Hospitals/Healthcare Facilities 33 11.04% 1.92 21.25%
Hotel/Gaming 65 13.32% 0.98 13.01%
Household Products 101 17.08% 2.22 37.87%
Information Services 16 10.38% 2.73 28.35%
Insurance (General) 22 15.05% 1.16 17.52%
Insurance (Life) 19 7.05% 0.99 6.96%
Insurance (Prop/Cas.) 53 11.50% 1.91 21.99%
Investments & Asset Management 231 13.25% 0.52 6.85%
Machinery 109 14.20% 1.97 27.94%
Metals & Mining 64 22.24% 1.23 27.32%
Office Equipment & Services 14 7.34% 2.33 17.09%
Oil/Gas (Integrated) 4 10.26% 1.27 13.01%
Oil/Gas (Production and Exploration) 147 27.93% 0.67 18.64%
Oil/Gas Distribution 24 24.90% 0.49 12.18%
Oilfield Svcs/Equip. 97 4.72% 3.13 14.77%
Packaging & Container 22 8.55% 1.74 14.91%
Paper/Forest Products 6 7.89% 2.47 19.52%
Power 48 17.29% 0.38 6.57%
Precious Metals 60 18.55% 0.71 13.16%
Publishing & Newspapers 19 7.48% 2.26 16.87%
R.E.I.T. 192 21.83% 0.14 3.09%
Real Estate (Development) 15 13.15% 0.28 3.73%
Real Estate (General/Diversified) 11 10.63% 0.37 3.97%
Real Estate (Operations & Services) 60 1.40% 2.31 3.24%
Recreation 50 6.85% 1.29 8.86%
Reinsurance 1 4.42% 2.24 9.89%
Restaurant/Dining 62 12.73% 1.66 21.08%
Retail (Automotive) 29 4.91% 2.47 12.10%
Retail (Building Supply) 13 10.34% 3.57 36.93%
Retail (Distributors) 66 9.33% 1.88 17.56%
Retail (General) 24 5.01% 3.60 18.00%
Retail (Grocery and Food) 17 2.07% 4.89 10.12%
Retail (REITs) 28 36.83% 0.14 5.00%
Retail (Special Lines) 98 4.88% 3.68 17.94%
Rubber& Tires 3 4.26% 1.50 6.39%
Semiconductor 63 30.19% 1.10 33.28%
Semiconductor Equip 30 22.43% 1.68 37.76%
Shipbuilding & Marine 8 14.11% 0.94 13.23%
Shoe 12 11.58% 2.54 29.35%
Software (Entertainment) 81 31.34% 1.40 43.78%
Software (Internet) 29 4.19% 1.23 5.16%
Software (System & Application) 333 28.77% 1.71 49.32%
Steel 27 6.75% 1.86 12.52%
Telecom (Wireless) 11 16.09% 0.52 8.31%
Telecom. Equipment 61 17.64% 2.67 47.09%
Telecom. Services 32 19.89% 0.59 11.78%
Tobacco 12 36.07% 1.73 62.38%
Transportation 21 6.01% 1.94 11.68%
Transportation (Railroads) 4 31.70% 0.48 15.06%
Trucking 24 5.80% 1.63 9.44%
Utility (General) 14 20.61% 0.29 6.05%
Utility (Water) 15 29.31% 0.24 6.96%
Total Market 6062 11.30% 0.84 9.53%
Total Market (without financials) 4935 11.33% 1.56 17.68%


Last Updated in January 2025
By Aswath Damodaran