What are the most profitable industries in America? Whenever one thinks about the world’s business and industries, The United States of America is the name always comes first. But, have you ever asked yourself what the most profitable Industries in America are? As we mentioned once in our cover story about the most profitable companies in the world that the revenue and profit are not always proportional to each other. Industries with huge sales can have huge costs and tiny profits. Supermarket chains is a good example of this. Wal-Mart may be the biggest employer in this country but it isn’t the most profitable company.
If you are looking for a new job or decide what to study, you should have acquaintance with the most profitable industries you can apply, as profitable businesses are more likely to be able to afford to add more employees to their rosters. In this article we will provide the list of the 20 most profitable industries in America, obtained from Sageworks, a financial information company. This company analyzed financial statements from thousands of companies to find out which industries have been the most profitable in America.
North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy. This NAICS code may help you to find more information you are looking for about that particular industry. So, let’s take a look at the countdown of 20 most profitable industries in America.
20. Software Publishers
NAICS Code: 5112
Pre-Tax Profit Margin: 9.30%
Software publishers are growing every single day with the increase of using technologies by business sectors. Additionally, the Semiconductor and Circuit Manufacturing industry and the Telecommunication Networking Equipment Manufacturing industry are creating new opportunities for software publishers.
19. Other Information Services
NAICS Code: 5191
Pre-Tax Profit Margin: 9.33%
Other Information Services industries include supplying information, storing and providing access to information, searching and retrieving information, publishing and transmitting content exclusively on the Internet and functioning Web sites that use search engines to allow for searching information on the Internet.
18. Scientific Research & Development Services
NAICS Code: 5417
Pre-Tax Profit Margin: 9.44%
Scientific Research & Development Services conduct several researches and apply their findings to develop new products in a variety of fields, including life sciences, social sciences, engineering and the humanities. The industry is growing everyday making it one of the most profitable industries in America.