5 Least Profitable Industries in the US

In this article we are going to list the 5 least profitable companies in the U.S. For a detailed coverage of this topic and a more comprehensive list please take a look at the 16 least profitable industries in the U.S.

5. Auto Parts

Gross margin: 14.56%

Net margin: 2.16%

Even though it is one of the least profitable industries in the U.S., the industry is still expected to grow in the long term, even as care sales have continued to fall and a recession is threatening the country. According to Krungsri, chip shortages are one of the biggest pain points being faced by the auto parts industry, but the issue is expected to be resolved by 2024 to 2025. There is an additional concern for tire manufacturers as the U.S. will review its anti-dumping measures in July 2023, which could result in manufacturers being locked out of the U.S. market.