Industry Income Statement (Quarterly)

Last Updated: April 02, 2026 at 10:56 AM EST

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	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	51,617,400	52,155,400	52,563,400	53,465,700
COGS	21,792,200	22,113,300	22,077,600	22,367,700
Margins (%)
Gross Margin	0.578	0.576	NA	NA

Pvt

Industry Income Statement (Mln$, SAAR) – Pvt
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	46,083,200	46,569,400	46,939,500	47,749,700
COGS	19,618,400	19,929,500	19,887,800	20,120,500
Margins (%)
Gross Margin	0.573	0.571	NA	NA

Ag

Industry Income Statement (Mln$, SAAR) – Ag
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	649,800	652,100	632,400	644,500
COGS	357,700	358,900	365,500	378,600
Margins (%)
Gross Margin	0.431	0.406	NA	NA

Ag.Farms

Industry Income Statement (Mln$, SAAR) – Ag.Farms
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	581,700	584,200	563,700	576,800
COGS	343,000	344,300	349,100	361,200
Margins (%)
Gross Margin	0.391	0.365	NA	NA

Ag.Forest

Industry Income Statement (Mln$, SAAR) – Ag.Forest
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	68,100	67,900	68,700	67,700
COGS	14,700	14,600	16,400	17,400
Margins (%)
Gross Margin	0.781	0.759	NA	NA

Min

Industry Income Statement (Mln$, SAAR) – Min
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	694,600	756,000	686,500	693,400
COGS	305,400	345,000	310,500	314,300
Margins (%)
Gross Margin	0.559	0.554	NA	NA

Min.OilGas

Industry Income Statement (Mln$, SAAR) – Min.OilGas
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	448,900	502,400	443,000	444,700
COGS	211,600	245,900	217,800	217,800
Margins (%)
Gross Margin	0.515	0.517	NA	NA

Min.XOilGas

Industry Income Statement (Mln$, SAAR) – Min.XOilGas
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	139,500	146,500	149,200	155,400
COGS	58,000	63,300	62,900	67,200
Margins (%)
Gross Margin	0.609	0.594	NA	NA

Min.Suppt

Industry Income Statement (Mln$, SAAR) – Min.Suppt
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	106,300	107,100	94,400	93,200
COGS	35,800	35,800	29,800	29,300
Margins (%)
Gross Margin	0.682	0.676	NA	NA

Utl

Industry Income Statement (Mln$, SAAR) – Utl
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	645,300	685,600	685,000	683,100
COGS	190,900	225,400	224,100	204,900
Margins (%)
Gross Margin	0.690	0.653	NA	NA

Constr

Industry Income Statement (Mln$, SAAR) – Constr
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	2,529,000	2,554,400	2,548,800	2,524,300
COGS	1,207,000	1,218,100	1,208,600	1,180,200
Margins (%)
Gross Margin	0.522	0.521	NA	NA

Mfg

Industry Income Statement (Mln$, SAAR) – Mfg
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	7,152,400	7,180,800	7,208,100	7,321,300
COGS	4,263,700	4,367,100	4,348,400	4,370,200
Margins (%)
Gross Margin	0.402	0.394	NA	NA

Mfg.DurGds

Industry Income Statement (Mln$, SAAR) – Mfg.DurGds
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,580,200	3,604,700	3,676,800	3,750,600
COGS	2,050,000	2,078,500	2,142,500	2,174,400
Margins (%)
Gross Margin	0.425	0.422	NA	NA

Mfg.XDurGds

Industry Income Statement (Mln$, SAAR) – Mfg.XDurGds
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,572,300	3,576,100	3,531,300	3,570,700
COGS	2,213,700	2,288,600	2,205,900	2,195,800
Margins (%)
Gross Margin	0.378	0.365	NA	NA

Wholsl

Industry Income Statement (Mln$, SAAR) – Wholsl
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	2,997,100	3,050,300	3,086,800	3,191,600
COGS	1,260,200	1,288,600	1,190,900	1,236,600
Margins (%)
Gross Margin	0.577	0.574	NA	NA

Rtl

Industry Income Statement (Mln$, SAAR) – Rtl
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	2,902,500	2,914,300	2,934,400	2,979,700
COGS	1,039,500	1,037,300	1,027,600	1,036,500
Margins (%)
Gross Margin	0.643	0.647	NA	NA

Rtl.MotoVeh

Industry Income Statement (Mln$, SAAR) – Rtl.MotoVeh
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	574,700	570,200	570,600	578,600
COGS	220,500	208,000	196,400	201,500
Margins (%)
Gross Margin	0.640	0.654	NA	NA

Rtl.FoodBev

Industry Income Statement (Mln$, SAAR) – Rtl.FoodBev
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	356,400	359,200	359,200	362,700
COGS	117,900	123,500	118,000	119,800
Margins (%)
Gross Margin	0.688	0.686	NA	NA

Rtl.GenMerch

Industry Income Statement (Mln$, SAAR) – Rtl.GenMerch
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	311,700	314,400	314,400	315,900
COGS	83,900	88,300	84,600	82,800
Margins (%)
Gross Margin	0.677	0.678	NA	NA

Rtl.Oth

Industry Income Statement (Mln$, SAAR) – Rtl.Oth
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,659,700	1,670,500	1,690,200	1,722,400
COGS	617,200	617,400	628,600	632,400
Margins (%)
Gross Margin	0.629	0.630	NA	NA

Trans

Industry Income Statement (Mln$, SAAR) – Trans
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,859,200	1,873,400	1,876,100	1,922,200
COGS	856,900	861,700	860,000	888,500
Margins (%)
Gross Margin	0.531	0.536	NA	NA

Trans.Air

Industry Income Statement (Mln$, SAAR) – Trans.Air
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	339,300	343,100	337,600	342,500
COGS	160,500	158,600	152,500	159,400
Margins (%)
Gross Margin	0.503	0.515	NA	NA

Trans.Rail

Industry Income Statement (Mln$, SAAR) – Trans.Rail
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	92,000	92,400	92,600	93,500
COGS	39,400	40,800	41,500	42,300
Margins (%)
Gross Margin	0.578	0.576	NA	NA

Trans.Water

Industry Income Statement (Mln$, SAAR) – Trans.Water
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	78,900	76,900	79,700	83,200
COGS	55,800	53,600	55,600	58,300
Margins (%)
Gross Margin	0.310	0.317	NA	NA

Trans.Truck

Industry Income Statement (Mln$, SAAR) – Trans.Truck
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	534,400	536,000	531,400	550,100
COGS	275,100	276,500	273,200	284,300
Margins (%)
Gross Margin	0.485	0.489	NA	NA

Trans.Transit

Industry Income Statement (Mln$, SAAR) – Trans.Transit
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	185,800	188,300	197,800	203,300
COGS	100,200	101,300	106,600	109,400
Margins (%)
Gross Margin	0.448	0.445	NA	NA

Trans.Pipe

Industry Income Statement (Mln$, SAAR) – Trans.Pipe
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	74,300	75,600	77,200	79,100
COGS	25,300	26,000	26,600	26,900
Margins (%)
Gross Margin	0.678	0.675	NA	NA

Trans.Oth

Industry Income Statement (Mln$, SAAR) – Trans.Oth
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	358,600	361,000	361,500	371,400
COGS	137,300	137,700	138,300	141,000
Margins (%)
Gross Margin	0.620	0.632	NA	NA

Trans.Warehs

Industry Income Statement (Mln$, SAAR) – Trans.Warehs
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	196,000	200,200	198,400	199,200
COGS	63,200	67,100	65,600	66,900
Margins (%)
Gross Margin	0.624	0.622	NA	NA

Info

Industry Income Statement (Mln$, SAAR) – Info
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	2,745,700	2,785,800	2,838,600	2,872,200
COGS	1,119,400	1,152,000	1,172,300	1,153,500
Margins (%)
Gross Margin	0.585	0.581	NA	NA

Info.Publ

Industry Income Statement (Mln$, SAAR) – Info.Publ
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	668,300	697,900	709,800	732,400
COGS	215,700	234,900	237,800	245,900
Margins (%)
Gross Margin	0.649	0.639	NA	NA

Info.MotionPic

Industry Income Statement (Mln$, SAAR) – Info.MotionPic
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	214,600	206,900	213,400	206,300
COGS	89,900	90,800	92,900	87,000
Margins (%)
Gross Margin	0.583	0.587	NA	NA

Info.Bcast

Industry Income Statement (Mln$, SAAR) – Info.Bcast
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	944,900	940,900	946,000	931,300
COGS	440,400	442,000	438,700	424,600
Margins (%)
Gross Margin	0.535	0.528	NA	NA

Info.DataProc

Industry Income Statement (Mln$, SAAR) – Info.DataProc
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	918,000	940,000	969,300	1,002,200
COGS	373,400	384,300	402,900	396,000
Margins (%)
Gross Margin	0.590	0.590	NA	NA

Fin

Industry Income Statement (Mln$, SAAR) – Fin
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	10,214,500	10,336,600	10,447,200	10,633,300
COGS	3,792,300	3,825,200	3,826,300	3,878,400
Margins (%)
Gross Margin	0.631	0.628	NA	NA

Fin.FinIns

Industry Income Statement (Mln$, SAAR) – Fin.FinIns
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	4,240,500	4,307,200	4,354,100	4,489,000
COGS	1,941,900	1,969,200	1,955,500	1,996,500
Margins (%)
Gross Margin	0.549	0.541	NA	NA

Fin.REnt

Industry Income Statement (Mln$, SAAR) – Fin.REnt
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	5,974,000	6,029,400	6,093,100	6,144,400
COGS	1,850,400	1,856,000	1,870,700	1,881,900
Margins (%)
Gross Margin	0.687	0.688	NA	NA

PrfSrv

Industry Income Statement (Mln$, SAAR) – PrfSrv
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	6,013,800	6,043,500	6,135,100	6,288,300
COGS	2,106,400	2,110,000	2,154,900	2,219,900
Margins (%)
Gross Margin	0.656	0.657	NA	NA

PrfSrv.Sci

Industry Income Statement (Mln$, SAAR) – PrfSrv.Sci
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,571,300	3,587,100	3,646,000	3,752,900
COGS	1,163,600	1,154,100	1,180,100	1,229,700
Margins (%)
Gross Margin	0.679	0.681	NA	NA

PrfSrv.Mgmt

Industry Income Statement (Mln$, SAAR) – PrfSrv.Mgmt
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	910,300	913,300	920,000	937,300
COGS	338,500	346,600	349,200	354,500
Margins (%)
Gross Margin	0.638	0.635	NA	NA

PrfSrv.AdmWst

Industry Income Statement (Mln$, SAAR) – PrfSrv.AdmWst
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,532,200	1,543,000	1,569,100	1,598,100
COGS	604,300	609,300	625,500	635,700
Margins (%)
Gross Margin	0.611	0.612	NA	NA

EduHth

Industry Income Statement (Mln$, SAAR) – EduHth
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	4,189,100	4,244,500	4,322,000	4,416,800
COGS	1,577,500	1,593,100	1,624,600	1,675,800
Margins (%)
Gross Margin	0.622	0.620	NA	NA

EduHth.Edu

Industry Income Statement (Mln$, SAAR) – EduHth.Edu
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	508,500	513,100	519,900	522,500
COGS	164,600	169,500	176,500	173,100
Margins (%)
Gross Margin	0.663	0.657	NA	NA

EduHth.Hth

Industry Income Statement (Mln$, SAAR) – EduHth.Hth
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,680,600	3,731,400	3,802,100	3,894,300
COGS	1,413,000	1,423,600	1,448,100	1,502,700
Margins (%)
Gross Margin	0.616	0.615	NA	NA

ArtAcmdFd

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	2,374,200	2,385,600	2,435,600	2,452,400
COGS	1,069,200	1,079,400	1,111,100	1,112,600
Margins (%)
Gross Margin	0.557	0.559	NA	NA

ArtAcmdFd.Art

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd.Art
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	595,200	599,400	611,200	613,100
COGS	259,700	253,000	255,600	253,000
Margins (%)
Gross Margin	0.588	0.593	NA	NA

ArtAcmdFd.AcmdFdSrv

Industry Income Statement (Mln$, SAAR) – ArtAcmdFd.AcmdFdSrv
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,779,000	1,786,200	1,824,400	1,839,300
COGS	809,500	826,400	855,500	859,700
Margins (%)
Gross Margin	0.547	0.548	NA	NA

OthSrvsXGov

Industry Income Statement (Mln$, SAAR) – OthSrvsXGov
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,115,900	1,106,500	1,102,900	1,126,400
COGS	472,200	467,600	463,200	470,600
Margins (%)
Gross Margin	0.572	0.577	NA	NA

Gov

Industry Income Statement (Mln$, SAAR) – Gov
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	5,534,200	5,586,000	5,623,900	5,716,000
COGS	2,173,900	2,183,800	2,189,800	2,247,200
Margins (%)
Gross Margin	0.614	0.617	NA	NA

Fed

Industry Income Statement (Mln$, SAAR) – Fed
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,680,400	1,674,200	1,682,300	1,710,500
COGS	595,300	574,900	576,800	593,700
Margins (%)
Gross Margin	0.646	0.659	NA	NA

Fed.Gen

Industry Income Statement (Mln$, SAAR) – Fed.Gen
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	1,568,700	1,562,900	1,570,100	1,598,700
COGS	562,300	542,600	542,000	560,500
Margins (%)
Gross Margin	0.649	0.659	NA	NA

Fed.Enterp

Industry Income Statement (Mln$, SAAR) – Fed.Enterp
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	111,700	111,400	112,200	111,800
COGS	33,000	32,200	34,800	33,200
Margins (%)
Gross Margin	0.613	0.656	NA	NA

StLoc

Industry Income Statement (Mln$, SAAR) – StLoc
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,853,800	3,911,800	3,941,600	4,005,500
COGS	1,578,500	1,608,900	1,613,000	1,653,500
Margins (%)
Gross Margin	0.600	0.599	NA	NA

StLoc.Gen

Industry Income Statement (Mln$, SAAR) – StLoc.Gen
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	3,341,800	3,388,100	3,412,300	3,466,100
COGS	1,229,000	1,251,400	1,251,100	1,283,200
Margins (%)
Gross Margin	0.638	0.637	NA	NA

StLoc.Enterp

Industry Income Statement (Mln$, SAAR) – StLoc.Enterp
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	512,000	523,700	529,300	539,400
COGS	349,500	357,600	361,800	370,300
Margins (%)
Gross Margin	0.353	0.352	NA	NA

PvtGds

Industry Income Statement (Mln$, SAAR) – PvtGds
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	11,026,000	11,143,300	11,075,800	11,183,500
COGS	6,133,800	6,289,100	6,232,900	6,243,300
Margins (%)
Gross Margin	0.441	0.434	NA	NA

PvtSrvs

Industry Income Statement (Mln$, SAAR) – PvtSrvs
Accounting Concept	2024Q4	2025Q1	2025Q2	2025Q3
Gross Revenue	35,057,300	35,426,100	35,863,600	36,566,200
COGS	13,484,500	13,640,400	13,654,900	13,877,200
Margins (%)
Gross Margin	0.616	0.615	NA	NA