Industry Income Statement (Quarterly)

Last Updated: September 24, 2025 at 02:19 PM

Author

Mike Aguilar
/in/mike-aguilar-econ/
mike.aguilar at duke.edu

BEA data is relatively sparse for industry income at the quarterly frequency. In the following we provide Gross Revenues, COGS, and Gross Margins. I will be adding more items as data and time permits.

All

Industry Income Statement (Mln$, SAAR) – All
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	50,260,700	50,898,500	51,454,200	52,046,000
COGS	21,244,000	21,523,600	21,730,400	22,084,000
Margins (%)
Gross Margin	0.577	0.577	0.578	0.576

Pvt

Industry Income Statement (Mln$, SAAR) – Pvt
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	44,939,600	45,498,800	45,981,400	46,518,200
COGS	19,193,400	19,438,900	19,619,900	19,966,800
Margins (%)
Gross Margin	0.573	0.573	0.573	0.571

Ag

Industry Income Statement (Mln$, SAAR) – Ag
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	589,000	592,500	612,600	614,300
COGS	346,000	341,400	348,400	364,800
Margins (%)
Gross Margin	0.413	0.424	0.431	0.406

Ag.Farms

Industry Income Statement (Mln$, SAAR) – Ag.Farms
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	525,600	531,500	549,600	550,500
COGS	332,200	328,200	334,700	349,400
Margins (%)
Gross Margin	0.368	0.382	0.391	0.365

Ag.Forest

Industry Income Statement (Mln$, SAAR) – Ag.Forest
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	63,400	61,000	63,000	63,800
COGS	13,800	13,200	13,800	15,400
Margins (%)
Gross Margin	0.782	0.784	0.781	0.759

Min

Industry Income Statement (Mln$, SAAR) – Min
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	704,600	689,000	680,800	737,000
COGS	300,200	298,000	300,500	328,800
Margins (%)
Gross Margin	0.574	0.567	0.559	0.554

Min.OilGas

Industry Income Statement (Mln$, SAAR) – Min.OilGas
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	465,600	450,500	443,300	490,800
COGS	213,700	211,500	214,800	237,000
Margins (%)
Gross Margin	0.541	0.531	0.515	0.517

Min.XOilGas

Industry Income Statement (Mln$, SAAR) – Min.XOilGas
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	136,500	139,800	139,300	146,900
COGS	53,500	55,000	54,400	59,600
Margins (%)
Gross Margin	0.609	0.607	0.609	0.594

Min.Suppt

Industry Income Statement (Mln$, SAAR) – Min.Suppt
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	102,500	98,600	98,200	99,200
COGS	33,100	31,500	31,300	32,200
Margins (%)
Gross Margin	0.677	0.681	0.682	0.676

Utl

Industry Income Statement (Mln$, SAAR) – Utl
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	643,400	635,000	634,900	674,700
COGS	201,900	201,300	196,600	234,100
Margins (%)
Gross Margin	0.686	0.683	0.690	0.653

Constr

Industry Income Statement (Mln$, SAAR) – Constr
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	2,509,600	2,524,000	2,553,100	2,574,700
COGS	1,203,200	1,205,400	1,219,900	1,232,100
Margins (%)
Gross Margin	0.521	0.522	0.522	0.521

Mfg

Industry Income Statement (Mln$, SAAR) – Mfg
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	7,283,100	7,309,200	7,309,700	7,360,000
COGS	4,373,600	4,384,100	4,372,400	4,461,200
Margins (%)
Gross Margin	0.399	0.400	0.402	0.394

Mfg.DurGds

Industry Income Statement (Mln$, SAAR) – Mfg.DurGds
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,649,400	3,682,700	3,672,400	3,709,500
COGS	2,101,600	2,121,000	2,110,200	2,143,800
Margins (%)
Gross Margin	0.424	0.424	0.425	0.422

Mfg.XDurGds

Industry Income Statement (Mln$, SAAR) – Mfg.XDurGds
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,633,700	3,626,500	3,637,300	3,650,500
COGS	2,272,000	2,263,100	2,262,200	2,317,300
Margins (%)
Gross Margin	0.375	0.376	0.378	0.365

Wholsl

Industry Income Statement (Mln$, SAAR) – Wholsl
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	2,895,900	2,956,900	3,007,300	3,061,000
COGS	1,205,400	1,241,500	1,270,800	1,304,000
Margins (%)
Gross Margin	0.584	0.580	0.577	0.574

Rtl

Industry Income Statement (Mln$, SAAR) – Rtl
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	2,812,300	2,852,700	2,903,600	2,915,200
COGS	988,800	996,500	1,035,200	1,029,000
Margins (%)
Gross Margin	0.648	0.651	0.643	0.647

Rtl.MotoVeh

Industry Income Statement (Mln$, SAAR) – Rtl.MotoVeh
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	532,200	543,800	571,300	566,700
COGS	174,800	178,100	205,400	195,800
Margins (%)
Gross Margin	0.672	0.672	0.640	0.654

Rtl.FoodBev

Industry Income Statement (Mln$, SAAR) – Rtl.FoodBev
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	347,800	351,200	354,500	357,200
COGS	109,900	110,000	110,700	112,100
Margins (%)
Gross Margin	0.684	0.687	0.688	0.686

Rtl.GenMerch

Industry Income Statement (Mln$, SAAR) – Rtl.GenMerch
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	317,000	319,900	322,100	324,900
COGS	105,600	105,100	104,100	104,500
Margins (%)
Gross Margin	0.667	0.671	0.677	0.678

Rtl.Oth

Industry Income Statement (Mln$, SAAR) – Rtl.Oth
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,615,300	1,637,900	1,655,700	1,666,300
COGS	598,600	603,300	614,900	616,700
Margins (%)
Gross Margin	0.629	0.632	0.629	0.630

Trans

Industry Income Statement (Mln$, SAAR) – Trans
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,802,000	1,825,900	1,850,400	1,864,500
COGS	837,100	847,200	868,500	864,800
Margins (%)
Gross Margin	0.536	0.536	0.531	0.536

Trans.Air

Industry Income Statement (Mln$, SAAR) – Trans.Air
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	326,800	327,600	338,400	342,300
COGS	158,800	157,100	168,200	166,000
Margins (%)
Gross Margin	0.514	0.520	0.503	0.515

Trans.Rail

Industry Income Statement (Mln$, SAAR) – Trans.Rail
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	91,400	91,700	91,500	91,700
COGS	38,500	38,900	38,500	38,900
Margins (%)
Gross Margin	0.578	0.575	0.578	0.576

Trans.Water

Industry Income Statement (Mln$, SAAR) – Trans.Water
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	74,800	82,100	78,000	76,000
COGS	49,600	56,000	53,700	51,900
Margins (%)
Gross Margin	0.337	0.319	0.310	0.317

Trans.Truck

Industry Income Statement (Mln$, SAAR) – Trans.Truck
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	531,200	526,200	535,700	537,400
COGS	273,200	268,700	275,700	274,700
Margins (%)
Gross Margin	0.486	0.489	0.485	0.489

Trans.Transit

Industry Income Statement (Mln$, SAAR) – Trans.Transit
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	169,700	176,100	178,500	180,800
COGS	93,200	98,100	98,600	100,400
Margins (%)
Gross Margin	0.451	0.443	0.448	0.445

Trans.Pipe

Industry Income Statement (Mln$, SAAR) – Trans.Pipe
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	72,400	74,300	74,600	75,900
COGS	23,200	23,900	23,900	24,600
Margins (%)
Gross Margin	0.680	0.678	0.678	0.675

Trans.Oth

Industry Income Statement (Mln$, SAAR) – Trans.Oth
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	349,000	356,800	355,000	357,400
COGS	137,200	138,900	135,000	131,700
Margins (%)
Gross Margin	0.607	0.611	0.620	0.632

Trans.Warehs

Industry Income Statement (Mln$, SAAR) – Trans.Warehs
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	186,800	191,100	198,800	203,100
COGS	63,200	65,600	74,800	76,600
Margins (%)
Gross Margin	0.662	0.657	0.624	0.622

Info

Industry Income Statement (Mln$, SAAR) – Info
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	2,642,200	2,710,100	2,735,300	2,775,700
COGS	1,085,500	1,125,000	1,135,300	1,162,600
Margins (%)
Gross Margin	0.589	0.585	0.585	0.581

Info.Publ

Industry Income Statement (Mln$, SAAR) – Info.Publ
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	645,300	667,500	668,000	698,300
COGS	220,100	235,400	234,700	251,900
Margins (%)
Gross Margin	0.659	0.647	0.649	0.639

Info.MotionPic

Industry Income Statement (Mln$, SAAR) – Info.MotionPic
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	200,600	210,200	214,500	205,700
COGS	80,000	85,300	89,400	85,000
Margins (%)
Gross Margin	0.601	0.594	0.583	0.587

Info.Bcast

Industry Income Statement (Mln$, SAAR) – Info.Bcast
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	926,600	934,900	942,300	938,500
COGS	432,700	435,900	437,700	443,300
Margins (%)
Gross Margin	0.533	0.534	0.535	0.528

Info.DataProc

Industry Income Statement (Mln$, SAAR) – Info.DataProc
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	869,700	897,600	910,500	933,200
COGS	352,600	368,300	373,400	382,400
Margins (%)
Gross Margin	0.595	0.590	0.590	0.590

Fin

Industry Income Statement (Mln$, SAAR) – Fin
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	9,819,500	9,935,200	10,035,700	10,176,500
COGS	3,667,900	3,701,800	3,703,200	3,785,700
Margins (%)
Gross Margin	0.626	0.627	0.631	0.628

Fin.FinIns

Industry Income Statement (Mln$, SAAR) – Fin.FinIns
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,977,200	4,053,600	4,075,300	4,155,400
COGS	1,831,700	1,868,500	1,838,200	1,907,600
Margins (%)
Gross Margin	0.539	0.539	0.549	0.541

Fin.REnt

Industry Income Statement (Mln$, SAAR) – Fin.REnt
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	5,842,400	5,881,600	5,960,400	6,021,100
COGS	1,836,100	1,833,300	1,865,000	1,878,100
Margins (%)
Gross Margin	0.686	0.688	0.687	0.688

PrfSrv

Industry Income Statement (Mln$, SAAR) – PrfSrv
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	5,821,700	5,919,900	5,993,300	6,046,700
COGS	2,001,300	2,042,100	2,062,700	2,075,600
Margins (%)
Gross Margin	0.656	0.655	0.656	0.657

PrfSrv.Sci

Industry Income Statement (Mln$, SAAR) – PrfSrv.Sci
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,481,700	3,535,300	3,590,300	3,606,600
COGS	1,118,100	1,136,100	1,150,900	1,149,200
Margins (%)
Gross Margin	0.679	0.679	0.679	0.681

PrfSrv.Mgmt

Industry Income Statement (Mln$, SAAR) – PrfSrv.Mgmt
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	832,700	860,100	867,000	893,200
COGS	300,400	312,000	314,200	326,300
Margins (%)
Gross Margin	0.639	0.637	0.638	0.635

PrfSrv.AdmWst

Industry Income Statement (Mln$, SAAR) – PrfSrv.AdmWst
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,507,200	1,524,500	1,536,000	1,546,900
COGS	582,800	594,000	597,700	600,100
Margins (%)
Gross Margin	0.613	0.610	0.611	0.612

EduHth

Industry Income Statement (Mln$, SAAR) – EduHth
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	4,044,000	4,129,200	4,191,800	4,245,700
COGS	1,526,700	1,565,900	1,584,600	1,613,600
Margins (%)
Gross Margin	0.622	0.621	0.622	0.620

EduHth.Edu

Industry Income Statement (Mln$, SAAR) – EduHth.Edu
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	496,800	503,300	508,200	512,900
COGS	172,300	171,000	171,200	175,700
Margins (%)
Gross Margin	0.653	0.660	0.663	0.657

EduHth.Hth

Industry Income Statement (Mln$, SAAR) – EduHth.Hth
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,547,200	3,625,900	3,683,600	3,732,900
COGS	1,354,400	1,394,900	1,413,300	1,437,900
Margins (%)
Gross Margin	0.618	0.615	0.616	0.615

ArtAcmdFd

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	2,288,800	2,307,800	2,358,400	2,369,300
COGS	996,200	1,009,200	1,044,300	1,044,600
Margins (%)
Gross Margin	0.565	0.563	0.557	0.559

ArtAcmdFd.Art

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd.Art
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	561,400	568,500	586,700	590,800
COGS	222,200	227,400	242,000	240,300
Margins (%)
Gross Margin	0.604	0.600	0.588	0.593

ArtAcmdFd.AcmdFdSrv

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd.AcmdFdSrv
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,727,300	1,739,300	1,771,700	1,778,600
COGS	774,100	781,800	802,200	804,300
Margins (%)
Gross Margin	0.552	0.551	0.547	0.548

OthSrvsXGov

Industry Income Statement (Mln$, SAAR) – OthSrvsXGov
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,083,500	1,111,300	1,114,600	1,102,700
COGS	459,600	479,300	477,400	465,900
Margins (%)
Gross Margin	0.576	0.569	0.572	0.577

Gov

Industry Income Statement (Mln$, SAAR) – Gov
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	5,321,100	5,399,700	5,472,900	5,527,900
COGS	2,050,600	2,084,700	2,110,500	2,117,100
Margins (%)
Gross Margin	0.615	0.614	0.614	0.617

Fed

Industry Income Statement (Mln$, SAAR) – Fed
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,594,800	1,634,900	1,659,600	1,654,800
COGS	550,700	576,100	586,800	564,100
Margins (%)
Gross Margin	0.655	0.648	0.646	0.659

Fed.Gen

Industry Income Statement (Mln$, SAAR) – Fed.Gen
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	1,486,100	1,524,700	1,548,900	1,544,700
COGS	506,900	532,800	543,900	526,300
Margins (%)
Gross Margin	0.659	0.651	0.649	0.659

Fed.Enterp

Industry Income Statement (Mln$, SAAR) – Fed.Enterp
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	108,700	110,200	110,600	110,200
COGS	43,800	43,300	42,800	37,900
Margins (%)
Gross Margin	0.597	0.607	0.613	0.656

StLoc

Industry Income Statement (Mln$, SAAR) – StLoc
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,726,300	3,764,800	3,813,300	3,873,000
COGS	1,499,900	1,508,600	1,523,700	1,553,000
Margins (%)
Gross Margin	0.597	0.599	0.600	0.599

StLoc.Gen

Industry Income Statement (Mln$, SAAR) – StLoc.Gen
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	3,236,700	3,272,600	3,308,500	3,357,500
COGS	1,182,700	1,191,200	1,197,200	1,219,300
Margins (%)
Gross Margin	0.635	0.636	0.638	0.637

StLoc.Enterp

Industry Income Statement (Mln$, SAAR) – StLoc.Enterp
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	489,600	492,200	504,800	515,500
COGS	317,300	317,400	326,600	333,800
Margins (%)
Gross Margin	0.352	0.355	0.353	0.352

PvtGds

Industry Income Statement (Mln$, SAAR) – PvtGds
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	11,086,400	11,114,600	11,156,100	11,286,000
COGS	6,223,000	6,229,000	6,241,300	6,386,900
Margins (%)
Gross Margin	0.439	0.440	0.441	0.434

PvtSrvs

Industry Income Statement (Mln$, SAAR) – PvtSrvs
Accounting Concept	2024Q2	2024Q3	2024Q4	2025Q1
Gross Revenue	33,853,300	34,384,200	34,825,200	35,232,200
COGS	12,970,400	13,209,900	13,378,600	13,579,900
Margins (%)
Gross Margin	0.617	0.616	0.616	0.615