Of course, an industry or company might be fast-growing but what’s really important is if it is profitable. According to Sageworks, as expected, industries relating to construction suffered the most in 2010. The most profitable were accountants, lawyers, and healthcare professionals Ñ they celebrated double-digit profit margins. Some of the more surprising success stories last year centered around funeral homes and child day-care services. The Sageworks list of the top 10 most profitable industries in 2010:
2010’s Most Profitable Industries
| Industry | Net Profit Margin % Change |
Sales % Change |
|---|---|---|
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services | 18.36% | 0.15% |
| Dentists | 17.04% | 7.56% |
| Lawyers | 16.75% | 4.60% |
| Chiropractors, Optometrists | 16.14% | 7.25% |
| Portfolio Managers, Investment Advisors | 16.11% | 0.33% |
| Physicians | 13.24% | 5.26% |
| Outpatient Care Centers | 12.10% | 8.76% |
| Death Care Services | 11.87% | 4.93% |
| Photographers, Translators | 11.55% | 2.57% |
| Child Day-Care Services | 10.43% | 3.31% |
Source: www.sageworksinc.com
Topics Profit Loss
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