Posts Tagged ‘sageworks’

Trade and Technical Schools See Growth

Monday, May 18th, 2009

It looks like schools providing trade and technical training are growing despite the current downturn.  Their revenues have grown at an average rate of 7.8% over the last 12 months compared to 5.9% in 2006 and 2007. 

Industry Financial Metric

2005

2006

2007

2008

Last 12 Months

6115 - Technical and Trade Schools Sales % Change

4.06%

5.89%

5.89%

7.51%

7.77%

*Source: Sageworks, Inc.

 According to the Bureau of Labor Statistics (Education Pays Survey), earnings increase substantially and unemployment decreases substantially with greater levels of education. It may be that people are looking to use trade and technical training to set themselves apart as candidates or even to change career paths in the current economic climate.

Most Profitable Industries of 2008

Wednesday, January 28th, 2009

Below is the 2008 Sageworks ranking of the most profitable industries in the United States.  Companies in these industries have the highest net profit margins of all privately held companies over the last 12 months.  You may notice that 9 of the 10 industries are service providers and 4 are in the healthcare field. 

Sageworks Ranking of the 10 Most Profitable Industries

Over the Last 12 Months

Industry Net Profit Margin
6212 - Offices of Dentists

16.96%

5412 - Accounting, Tax Preparation, Bookkeeping and Payroll Services

15.55%

5411 - Legal Services

13.39%

6213 - Offices of Other Health Practitioners

12.02%

2131 - Support Activities for Mining

11.93%

6211 - Offices of Physicians

11.86%

6214 - Outpatient Care Centers

11.52%

3328 - Coating, Engraving, Heat Treating, and Allied Activities

11.36%

5222 - Nondepository Credit Intermediation

11.06%

5242 - Agencies, Brokerages, and Other Insurance Related Activities

10.75%