Summary of First Quarter Margins for S&P 500 Stocks by Sectors
By Wendy Soong -
2011-04-29T14:29:24Z
Here are the profit margin results for the first quarter of 2011 for Standard & Poor’s 500 Index stocks, broken down into ten sectors and 24 industries.
Three types of margins were measured in this report: profit margin, operating margin and EBITDA margin. The definition of each margin is in the footnotes. The EBITDA margin excludes banking industry.
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REPORTED Margin Median
/TOTAL Profit Operating EBITDA
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S&P500 MARGIN by SECTORS:
CONSUMER DISCRETIONARY: 48/79 6.4% 11.6% 16.8%
CONSUMER STAPLES: 21/41 10.2% 15.2% 20.8%
ENERGY: 26/41 9.9% 17.8% 35.1%
FINANCIALS: 55/81 13.7% 22.7% 40.6%
HEALTH CARE: 37/52 15.0% 21.0% 20.6%
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REPORTED Margin Median
/TOTAL Profit Operating EBITDA
================================================================================
INDUSTRIALS: 50/59 7.9% 12.0% 15.1%
INFORMATION TECH: 45/75 18.3% 22.2% 30.6%
MATERIALS: 24/30 5.3% 10.6% 14.3%
TELECOM SVCS: 3/9 5.3% 16.5% 30.9%
UTILITIES: 11/33 9.5% 17.9% 28.2%
TOTAL REPORTED 320/500 9.9% 16.4% 21.3%
EX-FINANCIALS: 265/419 9.4% 15.5% 20.8%
S&P 500 MARGIN by INDUSTRIES:
CONSUMER DISCRETIONARY:
Automobiles & Components 4/4 5.6% 11.1% 8.6%
Consumer Durables & Apparel 13/15 4.9% 6.3% 14.8%
Consumer Services 12/13 8.5% 17.9% 24.0%
Media 7/16 7.2% 16.7% 28.4%
Retailing 12/31 4.8% 8.2% 9.7%
================================================================================
REPORTED Margin Median
/TOTAL Profit Operating EBITDA
================================================================================
CONSUMER STAPLES:
Food & Staples Retailing 4/9 1.4% 2.9% 5.2%
Food Beverage & Tobacco 14/26 13.5% 17.9% 22.1%
Household & Personal Products 3/6 14.2% 18.6% 22.8%
FINANCIALS:
Banks 14/16 17.8% 26.9% na
Diversified Financials 24/27 17.0% 25.4% 44.9%
Insurance 8/22 8.3% 14.4% 18.6%
Real Estate 9/16 6.3% 6.0% 28.9%
HEALTH CARE:
Health Care Equipment & Srvs. 22/30 10.7% 19.1% 20.6%
Pharma., Biotech. & Life Sci. 15/22 19.7% 29.2% 30.7%
INDUSTRIALS:
Capital Goods 32/39 7.9% 12.0% 14.3%
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REPORTED Margin Median
/TOTAL Profit Operating EBITDA
================================================================================
INDUSTRIALS:
Commercial & Professional Serv. 10/11 7.3% 16.6% 27.6%
Transportation 8/9 5.6% 9.0% 21.7%
INFORMATION TECH:
Semiconductors 13/19 24.6% 27.1% 36.5%
Software & Services 16/33 18.4% 22.2% 31.9%
Technology Hardware & Equip. 16/23 12.7% 15.2% 22.8%
ENERGY: 26/41 9.9% 17.8% 35.1%
MATERIALS: 24/30 5.3% 10.6% 14.3%
TELECOM SVCS: 3/9 5.3% 16.5% 30.9%
UTILITIES: 11/33 9.5% 17.9% 28.2%
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REPORTED
/TOTAL Higher Same* Lower
================================================================================
Y-O-Y COMPARISONS by SECTORS:
----------Profit Margin----------
Consumer Discretionary: 48/79 24 13 11
Consumer Staples: 21/41 10 5 6
Energy: 26/41 14 0 12
Financials: 55/81 39 4 12
Health Care: 37/52 14 11 12
Industrials: 50/59 30 13 7
Information Tech: 44/75 24 3 17
Materials: 24/30 18 3 3
Telecom Svcs: 3/9 3 0 0
Utilities: 11/33 5 1 5
Total Reported: 319/500 181 53 85
-------Operating Margin-------
Consumer Discretionary: 43/79 18 11 14
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REPORTED
/TOTAL Higher Same* Lower
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-------Operating Margin-------
Consumer Staples: 21/41 9 8 4
Energy: 24/41 12 1 11
Financials: 52/81 37 2 13
Health Care: 35/52 12 10 13
Industrials: 47/59 25 11 11
Information Tech: 42/75 23 3 16
Materials: 24/30 16 5 3
Telecom Svcs: 3/9 1 1 1
Utilities: 6/33 3 0 3
Total Reported: 297/500 156 52 89
---------EBITDA Margin---------
Consumer Discretionary: 37/79 19 12 6
Consumer Staples: 18/41 4 7 7
Energy: 24/41 11 1 12
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REPORTED
/TOTAL Higher Same* Lower
================================================================================
---------EBITDA Margin---------
Financials: 10/81 7 2 1
Health Care: 20/52 6 9 5
Industrials: 43/59 23 11 9
Information Tech: 39/75 27 4 8
Materials: 21/30 11 6 4
Telecom Svcs: 3/9 0 1 2
Utilities: 3/33 1 1 1
Total Reported: 218/500 109 54 55
Y-O-Y COMPARISONS by INDUSTRIES:
----------Profit Margin----------
CONSUMER DISCRETIONARY:
Automobiles & Components 4/4 3 1 0
Consumer Durables & Apparel 13/15 7 2 4
Consumer Services 12/13 5 5 2
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
----------Profit Margin----------
CONSUMER DISCRETIONARY:
Media 7/16 6 0 1
Retailing 12/31 3 5 4
CONSUMER STAPLES:
Food & Staples Retailing 4/9 0 3 1
Food Beverage & Tobacco 14/26 8 2 4
Household & Personal Products 3/6 2 0 1
FINANCIALS:
Banks 14/16 13 0 1
Diversified Financials 24/27 15 2 7
Insurance 8/22 4 2 2
Real Estate 9/16 7 0 2
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REPORTED
/TOTAL Higher Same* Lower
================================================================================
----------Profit Margin----------
HEALTH CARE:
Health Care Equipment & Srvs. 22/30 7 10 5
Pharma., Biotech. & Life Sci. 15/22 7 1 7
INDUSTRIALS:
Capital Goods 32/39 19 8 5
Commercial & Professional Serv. 10/11 6 2 2
Transportation 8/9 5 3 0
INFORMATION TECH:
Semiconductors 13/19 8 0 5
Software & Services 16/33 10 2 4
Technology Hardware & Equip. 15/23 6 1 8
ENERGY: 26/41 14 0 12
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
----------Profit Margin----------
MATERIALS: 24/30 18 3 3
TELECOM SVCS: 3/9 3 0 0
UTILITIES: 11/33 5 1 5
-------Operating Margin-------
CONSUMER DISCRETIONARY:
Automobiles & Components 2/4 1 1 0
Consumer Durables & Apparel 10/15 2 1 7
Consumer Services 12/13 6 3 3
Media 7/16 5 1 1
Retailing 12/31 4 5 3
CONSUMER STAPLES:
Food & Staples Retailing 4/9 0 4 0
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
-------Operating Margin-------
CONSUMER STAPLES:
Food Beverage & Tobacco 14/26 8 4 2
Household & Personal Products 3/6 1 0 2
FINANCIALS:
Banks 14/16 14 0 0
Diversified Financials 24/27 13 1 10
Insurance 7/22 4 1 2
Real Estate 7/16 6 0 1
HEALTH CARE:
Health Care Equipment & Srvs. 21/30 7 9 5
Pharma., Biotech. & Life Sci. 14/22 5 1 8
INDUSTRIALS:
Capital Goods 30/39 20 3 7
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
-------Operating Margin-------
INDUSTRIALS:
Commercial & Professional Serv. 9/11 2 4 3
Transportation 8/9 3 4 1
INFORMATION TECH:
Semiconductors 13/19 7 1 5
Software & Services 15/33 9 1 5
Technology Hardware & Equip. 14/23 7 1 6
ENERGY: 24/41 12 1 11
MATERIALS: 24/30 16 5 3
TELECOM SVCS: 3/9 1 1 1
UTILITIES: 6/33 3 0 3
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
---------EBITDA Margin---------
CONSUMER DISCRETIONARY:
Automobiles & Components 2/4 1 1 0
Consumer Durables & Apparel 7/15 2 2 3
Consumer Services 11/13 8 3 0
Media 5/16 3 2 0
Retailing 12/31 5 4 3
CONSUMER STAPLES:
Food & Staples Retailing 4/9 0 4 0
Food Beverage & Tobacco 11/26 3 3 5
Household & Personal Products 3/6 1 0 2
FINANCIALS:
Banks 0/16 na na na
Diversified Financials 2/27 1 0 1
Insurance 1/22 1 0 0
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
---------EBITDA Margin---------
FINANCIALS:
Real Estate 7/16 5 2 0
HEALTH CARE:
Health Care Equipment & Srvs. 13/30 4 7 2
Pharma., Biotech. & Life Sci. 7/22 2 2 3
INDUSTRIALS:
Capital Goods 28/39 18 5 5
Commercial & Professional Serv. 8/11 2 4 2
Transportation 7/9 3 2 2
INFORMATION TECH:
Semiconductors 11/19 9 1 1
Software & Services 15/33 9 2 4
Technology Hardware & Equip. 13/23 9 1 3
================================================================================
REPORTED
/TOTAL Higher Same* Lower
================================================================================
---------EBITDA Margin---------
ENERGY: 24/41 11 1 12
MATERIALS: 21/30 11 6 4
TELECOM SVCS: 3/9 0 1 2
UTILITIES: 3/33 1 1 1
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Profit Margin: A company divides its net income into its net sales to measure its profitability. Operating Margin: A determination of the expense margin, operating margin is operating income as a percentage of net sales. Operating income is equal to net sales minus cost of goods sold minus selling, general, and administrative expenses. EBITDA Margin: The earnings before interest, taxes, depreciation and amortization divided by sales.
* -- Same category includes the margin differences between +0.5 percent and -0.5 percent.
To contact the reporter on this story: Wendy Soong in New York at csoong@bloomberg.net
To contact the editor responsible for this story: Alex Tanzi at at atanzi@bloomberg.net
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