Margins by Sector

Data Used: Value Line database, of 6177 firms

Date of Analysis: Data used is as of January 2013

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 32 50.06% 15.75% 11.77% 8.20% 3.52%
Aerospace/Defense 66 20.72% 12.63% 10.24% 7.15% 6.66%
Air Transport 36 27.31% 13.02% 8.38% 6.56% 4.27%
Apparel 54 46.27% 12.98% 10.37% 7.33% 6.59%
Auto Parts 54 18.72% 9.36% 6.72% 5.19% 4.56%
Automotive 12 23.37% 10.85% 5.80% 4.10% 3.45%
Bank 416 NA NA NA NA NA
Bank (Midwest) 68 NA NA NA NA NA
Beverage 35 58.91% 25.36% 20.74% 15.68% 12.71%
Biotechnology 214 82.48% 25.40% 18.54% 14.75% 4.73%
Building Materials 43 28.04% 10.67% 4.30% 3.41% 0.82%
Cable TV 20 44.38% 33.44% 19.19% 13.17% 7.34%
Chemical (Basic) 18 28.71% 19.32% 14.84% 11.39% 9.49%
Chemical (Diversified) 33 33.92% 19.57% 15.02% 11.15% 7.63%
Chemical (Specialty) 70 33.86% 15.65% 11.16% 7.90% 7.95%
Coal 20 27.02% 22.11% 14.19% 11.22% 4.20%
Computer Software 191 76.03% 34.34% 29.99% 23.16% 23.59%
Computers/Peripherals 81 35.24% 19.92% 16.94% 13.01% 9.34%
Diversified Co. 113 39.73% 19.02% 14.91% 10.99% 8.71%
Drug 223 75.77% 34.19% 25.24% 18.76% 18.40%
E-Commerce 64 61.40% 15.75% 8.24% 4.66% 6.31%
Educational Services 33 58.83% 22.59% 18.69% 12.38% 2.67%
Electric Util. (Central) 20 29.90% 28.45% 17.55% 12.07% 8.45%
Electric Utility (East) 17 31.00% 31.00% 20.51% 13.62% 10.87%
Electric Utility (West) 15 30.01% 28.70% 16.44% 11.52% 8.04%
Electrical Equipment 64 37.96% 17.37% 13.77% 10.14% 9.98%
Electronics 123 19.52% 8.95% 6.39% 4.82% 4.01%
Engineering & Const 30 11.32% 6.31% 4.83% 3.32% 3.39%
Entertainment 76 40.09% 24.51% 19.12% 13.14% 9.85%
Entertainment Tech 42 65.54% 22.50% 17.30% 14.61% 5.95%
Environmental 84 35.52% 22.19% 14.65% 9.93% 4.71%
Financial Svcs. (Div.) 256 105.59% 64.88% 61.83% 48.64% 16.29%
Food Processing 119 29.62% 12.07% 9.73% 7.38% 3.02%
Foreign Electronics 10 36.34% 8.86% 3.41% 2.37% -1.75%
Funeral Services 6 31.88% 18.90% 14.37% 9.75% 7.45%
Furn/Home Furnishings 32 34.20% 11.42% 8.48% 7.05% 3.27%
Healthcare Information 20 69.23% 25.06% 16.53% 10.92% 8.73%
Heavy Truck & Equip 23 26.35% 14.04% 11.12% 8.23% 7.59%
Homebuilding 22 23.67% 10.34% 9.44% 8.77% -0.76%
Hotel/Gaming 57 36.90% 22.80% 15.55% 12.47% 6.93%
Household Products 27 49.07% 20.10% 16.56% 12.02% 11.39%
Human Resources 25 20.54% 3.88% 3.05% 1.79% 1.67%
Industrial Services 136 24.20% 11.15% 7.90% 5.37% 3.90%
Information Services 28 47.63% 29.06% 20.35% 16.10% 13.42%
Insurance (Life) 32 NA NA NA NA NA
Insurance (Prop/Cas.) 62 NA NA NA NA NA
Internet 194 51.26% 17.92% 13.12% 8.98% 13.71%
Investment Companies 31 69.07% 31.24% 26.90% 22.22% 18.53%
IT Services 63 31.84% 14.67% 11.19% 7.30% 10.22%
Machinery 94 35.83% 15.57% 11.95% 8.76% 7.68%
Maritime 51 32.73% 25.46% 12.18% 9.96% 1.09%
Med Supp Invasive 87 66.36% 26.70% 21.19% 16.27% 15.36%
Med Supp Non-Invasive 143 20.06% 7.93% 6.43% 4.74% 4.94%
Medical Services 118 26.22% 12.22% 10.05% 6.60% 4.66%
Metal Fabricating 25 32.11% 18.61% 14.66% 10.43% 7.51%
Metals & Mining (Div.) 77 43.32% 41.47% 34.97% 25.44% 3.32%
Natural Gas (Div.) 31 61.32% 53.33% 28.13% 17.13% 9.70%
Natural Gas Utility 27 19.60% 10.43% 7.26% 5.03% 2.07%
Newspaper 14 49.32% 18.02% 12.30% 8.98% 4.12%
Office Equip/Supplies 22 32.75% 9.61% 6.59% 4.66% 3.67%
Oil/Gas Distribution 12 37.22% 28.45% 19.29% 13.69% 7.94%
Oilfield Svcs/Equip. 81 32.41% 25.07% 16.51% 11.97% 11.41%
Packaging & Container 27 23.68% 14.25% 9.63% 7.14% 4.69%
Paper/Forest Products 32 23.88% 16.41% 10.40% 8.43% 2.58%
Petroleum (Integrated) 26 20.55% 15.85% 11.99% 7.21% 7.31%
Petroleum (Producing) 176 34.74% 30.91% 21.76% 13.95% 5.16%
Pharmacy Services 18 22.10% 6.86% 5.48% 3.46% 3.60%
Pipeline MLPs 53 15.55% 12.63% 8.99% 8.67% 5.44%
Power 101 23.71% 16.95% 6.97% 4.31% -2.28%
Precious Metals 83 58.62% 50.68% 39.11% 27.63% 20.69%
Precision Instrument 82 41.98% 12.66% 7.02% 4.70% 9.17%
Property Management 31 28.08% 19.53% 13.68% 11.72% 8.93%
Public/Private Equity 12 54.21% 38.79% 38.25% 31.73% 84.30%
Publishing 29 43.13% 15.10% 10.07% 6.76% 3.85%
R.E.I.T. 127 188.43% 180.72% 161.63% 157.39% 365.00%
Railroad 12 36.65% 36.33% 28.08% 18.51% 18.08%
Recreation 51 33.58% 17.15% 11.54% 9.44% 7.05%
Reinsurance 11 NA NA NA NA NA
Restaurant 65 32.31% 21.37% 16.78% 11.71% 11.04%
Retail (Hardlines) 79 37.35% 11.41% 8.22% 5.70% 4.30%
Retail (Softlines) 42 38.81% 12.59% 9.37% 5.80% 6.24%
Retail Automotive 19 26.81% 8.45% 6.78% 4.41% 4.24%
Retail Building Supply 10 34.99% 10.75% 8.35% 5.30% 5.50%
Retail Store 38 25.77% 7.28% 5.24% 3.56% 3.33%
Retail/Wholesale Food 30 20.65% 5.24% 3.34% 2.26% 1.81%
Securities Brokerage 27 40.89% 36.80% 32.82% 23.74% 8.05%
Semiconductor 142 58.56% 30.86% 20.38% 16.17% 12.20%
Semiconductor Equip 10 43.41% 17.86% 11.80% 9.40% 7.41%
Shoe 17 42.56% 10.09% 8.37% 5.45% 7.69%
Steel 33 18.78% 12.94% 8.19% 6.03% 1.58%
Telecom. Equipment 105 49.62% 18.82% 14.90% 11.44% 11.53%
Telecom. Services 76 56.29% 35.37% 20.13% 15.10% 5.17%
Telecom. Utility 23 63.10% 34.88% 14.69% 10.40% 8.03%
Thrift 170 NA NA NA NA NA
Tobacco 11 34.18% 24.27% 22.35% 15.20% 8.28%
Toiletries/Cosmetics 14 65.18% 13.58% 11.07% 7.58% 5.64%
Trucking 34 19.30% 13.22% 7.47% 4.91% 2.79%
Water Utility 11 46.28% 38.89% 26.21% 18.22% 13.22%
Wireless Networking 58 50.36% 25.60% 15.93% 12.99% 1.06%
Total Market 6177 39.41% 22.30% 17.13% 12.43% 7.84%


Last Updated in January 2013
By Aswath Damodaran