Figure H
Nonfinancial corporate sector profit margins, 1947–2013
| Before tax | After tax | |
|---|---|---|
| 1947/01/01 | 16.4% | 6.8% |
| 1947/04/01 | 18.2% | 9.4% |
| 1947/07/01 | 17.7% | 9.1% |
| 1947/10/01 | 17.8% | 9.4% |
| 1948/01/01 | 19.7% | 10.9% |
| 1948/04/01 | 20.1% | 11.3% |
| 1948/07/01 | 19.2% | 11.1% |
| 1948/10/01 | 19.7% | 12.1% |
| 1949/01/01 | 18.9% | 11.7% |
| 1949/04/01 | 18.1% | 11.4% |
| 1949/07/01 | 18.8% | 12.0% |
| 1949/10/01 | 16.8% | 10.0% |
| 1950/01/01 | 18.5% | 9.5% |
| 1950/04/01 | 20.0% | 10.0% |
| 1950/07/01 | 21.0% | 9.2% |
| 1950/10/01 | 22.0% | 10.0% |
| 1951/01/01 | 20.7% | 6.3% |
| 1951/04/01 | 19.9% | 8.5% |
| 1951/07/01 | 20.0% | 9.5% |
| 1951/10/01 | 20.3% | 9.0% |
| 1952/01/01 | 18.9% | 9.0% |
| 1952/04/01 | 17.5% | 8.5% |
| 1952/07/01 | 17.4% | 8.0% |
| 1952/10/01 | 18.4% | 9.0% |
| 1953/01/01 | 18.5% | 8.5% |
| 1953/04/01 | 18.0% | 8.1% |
| 1953/07/01 | 17.5% | 7.5% |
| 1953/10/01 | 14.2% | 6.6% |
| 1954/01/01 | 15.6% | 8.1% |
| 1954/04/01 | 16.2% | 8.6% |
| 1954/07/01 | 17.1% | 9.0% |
| 1954/10/01 | 18.1% | 9.5% |
| 1955/01/01 | 19.5% | 10.5% |
| 1955/04/01 | 19.5% | 10.5% |
| 1955/07/01 | 18.9% | 9.9% |
| 1955/10/01 | 19.1% | 9.8% |
| 1956/01/01 | 18.0% | 9.2% |
| 1956/04/01 | 17.4% | 9.2% |
| 1956/07/01 | 17.2% | 9.0% |
| 1956/10/01 | 17.1% | 9.0% |
| 1957/01/01 | 17.3% | 8.9% |
| 1957/04/01 | 16.7% | 8.8% |
| 1957/07/01 | 16.2% | 8.8% |
| 1957/10/01 | 15.0% | 8.0% |
| 1958/01/01 | 13.1% | 7.0% |
| 1958/04/01 | 13.5% | 7.4% |
| 1958/07/01 | 14.8% | 8.3% |
| 1958/10/01 | 16.5% | 8.7% |
| 1959/01/01 | 17.2% | 9.1% |
| 1959/04/01 | 18.2% | 9.5% |
| 1959/07/01 | 15.9% | 8.6% |
| 1959/10/01 | 15.9% | 9.1% |
| 1960/01/01 | 16.7% | 9.0% |
| 1960/04/01 | 15.5% | 8.6% |
| 1960/07/01 | 15.0% | 8.6% |
| 1960/10/01 | 14.2% | 8.2% |
| 1961/01/01 | 13.7% | 7.7% |
| 1961/04/01 | 15.0% | 8.5% |
| 1961/07/01 | 15.8% | 9.0% |
| 1961/10/01 | 16.6% | 9.4% |
| 1962/01/01 | 16.6% | 9.8% |
| 1962/04/01 | 16.2% | 9.8% |
| 1962/07/01 | 16.2% | 9.8% |
| 1962/10/01 | 16.5% | 10.2% |
| 1963/01/01 | 16.5% | 10.2% |
| 1963/04/01 | 17.4% | 10.6% |
| 1963/07/01 | 17.4% | 10.6% |
| 1963/10/01 | 17.6% | 10.5% |
| 1964/01/01 | 18.1% | 11.3% |
| 1964/04/01 | 17.6% | 11.3% |
| 1964/07/01 | 17.6% | 10.9% |
| 1964/10/01 | 17.6% | 10.9% |
| 1965/01/01 | 18.7% | 12.0% |
| 1965/04/01 | 18.6% | 12.0% |
| 1965/07/01 | 18.6% | 12.0% |
| 1965/10/01 | 18.9% | 11.9% |
| 1966/01/01 | 19.3% | 12.3% |
| 1966/04/01 | 18.7% | 11.8% |
| 1966/07/01 | 18.1% | 11.3% |
| 1966/10/01 | 18.0% | 11.6% |
| 1967/01/01 | 17.1% | 11.2% |
| 1967/04/01 | 16.7% | 10.8% |
| 1967/07/01 | 16.5% | 10.6% |
| 1967/10/01 | 16.8% | 10.5% |
| 1968/01/01 | 16.3% | 9.7% |
| 1968/04/01 | 16.5% | 10.0% |
| 1968/07/01 | 16.4% | 9.9% |
| 1968/10/01 | 16.2% | 9.8% |
| 1969/01/01 | 15.2% | 8.9% |
| 1969/04/01 | 14.7% | 8.5% |
| 1969/07/01 | 13.8% | 8.0% |
| 1969/10/01 | 12.6% | 7.2% |
| 1970/01/01 | 11.4% | 6.4% |
| 1970/04/01 | 11.6% | 7.0% |
| 1970/07/01 | 11.2% | 6.3% |
| 1970/10/01 | 10.4% | 5.9% |
| 1971/01/01 | 12.0% | 7.2% |
| 1971/04/01 | 12.2% | 7.1% |
| 1971/07/01 | 12.1% | 7.4% |
| 1971/10/01 | 12.4% | 7.7% |
| 1972/01/01 | 12.6% | 7.9% |
| 1972/04/01 | 12.5% | 7.9% |
| 1972/07/01 | 12.7% | 8.2% |
| 1972/10/01 | 13.2% | 8.1% |
| 1973/01/01 | 13.4% | 8.0% |
| 1973/04/01 | 12.6% | 7.2% |
| 1973/07/01 | 12.3% | 7.4% |
| 1973/10/01 | 12.3% | 6.9% |
| 1974/01/01 | 11.2% | 6.2% |
| 1974/04/01 | 11.0% | 5.8% |
| 1974/07/01 | 10.3% | 4.7% |
| 1974/10/01 | 9.7% | 4.9% |
| 1975/01/01 | 9.8% | 5.8% |
| 1975/04/01 | 10.9% | 6.8% |
| 1975/07/01 | 12.5% | 7.4% |
| 1975/10/01 | 12.8% | 7.6% |
| 1976/01/01 | 13.8% | 8.3% |
| 1976/04/01 | 13.2% | 8.0% |
| 1976/07/01 | 13.1% | 7.9% |
| 1976/10/01 | 12.6% | 7.5% |
| 1977/01/01 | 12.6% | 7.4% |
| 1977/04/01 | 13.7% | 8.3% |
| 1977/07/01 | 14.3% | 8.9% |
| 1977/10/01 | 13.5% | 8.2% |
| 1978/01/01 | 12.4% | 7.7% |
| 1978/04/01 | 13.9% | 8.6% |
| 1978/07/01 | 13.8% | 8.5% |
| 1978/10/01 | 13.9% | 8.4% |
| 1979/01/01 | 12.8% | 7.8% |
| 1979/04/01 | 12.3% | 7.4% |
| 1979/07/01 | 11.7% | 6.9% |
| 1979/10/01 | 11.1% | 6.5% |
| 1980/01/01 | 10.6% | 5.6% |
| 1980/04/01 | 9.0% | 5.3% |
| 1980/07/01 | 9.6% | 5.3% |
| 1980/10/01 | 10.4% | 6.1% |
| 1981/01/01 | 10.7% | 6.5% |
| 1981/04/01 | 10.5% | 6.9% |
| 1981/07/01 | 11.1% | 7.4% |
| 1981/10/01 | 10.3% | 7.0% |
| 1982/01/01 | 9.3% | 6.7% |
| 1982/04/01 | 9.7% | 6.9% |
| 1982/07/01 | 9.6% | 6.9% |
| 1982/10/01 | 8.7% | 6.5% |
| 1983/01/01 | 9.4% | 7.0% |
| 1983/04/01 | 10.4% | 7.4% |
| 1983/07/01 | 11.0% | 7.5% |
| 1983/10/01 | 11.4% | 7.9% |
| 1984/01/01 | 12.5% | 8.6% |
| 1984/04/01 | 12.3% | 8.6% |
| 1984/07/01 | 11.9% | 8.7% |
| 1984/10/01 | 11.9% | 8.8% |
| 1985/01/01 | 11.6% | 8.6% |
| 1985/04/01 | 11.4% | 8.4% |
| 1985/07/01 | 11.9% | 8.9% |
| 1985/10/01 | 10.8% | 7.8% |
| 1986/01/01 | 10.0% | 7.0% |
| 1986/04/01 | 9.5% | 6.5% |
| 1986/07/01 | 9.0% | 5.9% |
| 1986/10/01 | 8.8% | 5.5% |
| 1987/01/01 | 9.2% | 5.9% |
| 1987/04/01 | 9.8% | 6.1% |
| 1987/07/01 | 10.3% | 6.6% |
| 1987/10/01 | 10.0% | 6.5% |
| 1988/01/01 | 10.2% | 6.8% |
| 1988/04/01 | 10.1% | 6.6% |
| 1988/07/01 | 10.0% | 6.5% |
| 1988/10/01 | 10.5% | 6.9% |
| 1989/01/01 | 9.6% | 5.9% |
| 1989/04/01 | 9.2% | 5.9% |
| 1989/07/01 | 9.1% | 5.9% |
| 1989/10/01 | 8.3% | 5.2% |
| 1990/01/01 | 8.5% | 5.5% |
| 1990/04/01 | 8.8% | 5.6% |
| 1990/07/01 | 8.0% | 4.8% |
| 1990/10/01 | 7.8% | 4.8% |
| 1991/01/01 | 8.4% | 5.4% |
| 1991/04/01 | 8.3% | 5.6% |
| 1991/07/01 | 8.3% | 5.6% |
| 1991/10/01 | 8.0% | 5.4% |
| 1992/01/01 | 8.3% | 5.6% |
| 1992/04/01 | 8.5% | 5.7% |
| 1992/07/01 | 8.3% | 5.5% |
| 1992/10/01 | 8.9% | 6.0% |
| 1993/01/01 | 8.7% | 5.9% |
| 1993/04/01 | 9.6% | 6.3% |
| 1993/07/01 | 9.6% | 6.8% |
| 1993/10/01 | 10.6% | 7.1% |
| 1994/01/01 | 10.7% | 7.6% |
| 1994/04/01 | 11.1% | 7.8% |
| 1994/07/01 | 11.4% | 7.9% |
| 1994/10/01 | 11.9% | 8.1% |
| 1995/01/01 | 11.5% | 7.8% |
| 1995/04/01 | 11.5% | 8.1% |
| 1995/07/01 | 12.2% | 8.7% |
| 1995/10/01 | 12.2% | 8.8% |
| 1996/01/01 | 12.5% | 9.1% |
| 1996/04/01 | 12.6% | 9.0% |
| 1996/07/01 | 12.5% | 9.0% |
| 1996/10/01 | 12.8% | 9.1% |
| 1997/01/01 | 12.8% | 9.4% |
| 1997/04/01 | 12.7% | 9.3% |
| 1997/07/01 | 13.2% | 9.6% |
| 1997/10/01 | 12.7% | 9.2% |
| 1998/01/01 | 11.6% | 8.2% |
| 1998/04/01 | 11.5% | 8.2% |
| 1998/07/01 | 11.7% | 8.5% |
| 1998/10/01 | 11.0% | 8.0% |
| 1999/01/01 | 11.2% | 7.8% |
| 1999/04/01 | 11.1% | 7.7% |
| 1999/07/01 | 10.3% | 7.0% |
| 1999/10/01 | 9.8% | 6.5% |
| 2000/01/01 | 9.3% | 6.0% |
| 2000/04/01 | 9.2% | 5.9% |
| 2000/07/01 | 8.5% | 5.7% |
| 2000/10/01 | 7.8% | 4.9% |
| 2001/01/01 | 7.3% | 5.1% |
| 2001/04/01 | 7.4% | 5.3% |
| 2001/07/01 | 7.1% | 5.0% |
| 2001/10/01 | 6.1% | 4.3% |
| 2002/01/01 | 7.7% | 6.2% |
| 2002/04/01 | 8.2% | 6.4% |
| 2002/07/01 | 8.5% | 6.7% |
| 2002/10/01 | 9.4% | 7.4% |
| 2003/01/01 | 9.7% | 7.3% |
| 2003/04/01 | 10.1% | 7.9% |
| 2003/07/01 | 10.5% | 8.2% |
| 2003/10/01 | 10.7% | 8.1% |
| 2004/01/01 | 11.7% | 8.9% |
| 2004/04/01 | 12.2% | 9.2% |
| 2004/07/01 | 12.5% | 9.3% |
| 2004/10/01 | 12.2% | 9.0% |
| 2005/01/01 | 12.8% | 8.6% |
| 2005/04/01 | 13.5% | 9.4% |
| 2005/07/01 | 12.8% | 8.8% |
| 2005/10/01 | 14.2% | 9.8% |
| 2006/01/01 | 14.4% | 10.2% |
| 2006/04/01 | 14.3% | 9.9% |
| 2006/07/01 | 15.3% | 10.7% |
| 2006/10/01 | 14.1% | 9.8% |
| 2007/01/01 | 13.4% | 9.1% |
| 2007/04/01 | 13.6% | 9.3% |
| 2007/07/01 | 12.0% | 8.2% |
| 2007/10/01 | 11.9% | 7.9% |
| 2008/01/01 | 10.9% | 7.5% |
| 2008/04/01 | 11.0% | 7.5% |
| 2008/07/01 | 12.4% | 8.8% |
| 2008/10/01 | 10.7% | 8.5% |
| 2009/01/01 | 10.1% | 7.7% |
| 2009/04/01 | 9.7% | 7.3% |
| 2009/07/01 | 10.2% | 7.7% |
| 2009/10/01 | 11.8% | 8.7% |
| 2010/01/01 | 12.9% | 9.9% |
| 2010/04/01 | 13.2% | 10.1% |
| 2010/07/01 | 14.2% | 11.1% |
| 2010/10/01 | 13.7% | 10.7% |
| 2011/01/01 | 13.1% | 10.2% |
| 2011/04/01 | 14.5% | 11.6% |
| 2011/07/01 | 14.5% | 11.6% |
| 2011/10/01 | 14.7% | 11.9% |
| 2012/01/01 | 14.5% | 11.3% |
| 2012/04/01 | 14.7% | 11.5% |
| 2012/07/01 | 14.3% | 11.3% |
| 2012/10/01 | 14.7% | 11.3% |
| 2013/01/01 | 14.6% | 11.3% |
| 2013/04/01 | 14.9% | 11.7% |
| 2013/07/01 | 14.9% | 11.7% |
| 2013/10/01 | 14.9% | 11.7% |
Note: Shaded areas denote recessions.
Source: Authors' analysis of Bureau of Economic Analysis National Income and Product Accounts (Table 1.15)
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