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Industry Analysis
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The 10 Fastest-Growing Industries In Small Business
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“A lot of the growth in trucking initially after the recession was related to oil and oil production, but even as some of the production has tapered down and oil prices have dropped, growth among small businesses in the industry still remains high,” said Sageworks analyst Chuck Nwokocha.
Nwokocha said the list is a good reflection of the broader economy as a whole. Privately held companies of all sizes over the last 12 months have seen sales growth, on average, of about 10%.
Nwokocha said the list is a good reflection of the broader economy as a whole. Privately held companies of all sizes over the last 12 months have seen sales growth, on average, of about 10%.
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The Fastest-Growing Industries Over The Last Year
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“The economy is just improving in general, and these industries are indicators that things are moving in the right direction,” said Sageworks analyst Chuck Nwokocha. All of the industries in the list that are tied to construction experienced sales growth over the last 12 months that is anywhere from 2 to 15 percentage points higher than the average sales growth
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The Best Performing Industries in the U.S.
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“From a credit analysis standpoint, you’re always looking at a company’s sales growth and profitability when you’re making a lending decision,” said Sageworks Director Chuck Nwokocha. “These industries, on average, appear to be performing very well in those two categories.
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Why Landlord Profits Are Through the Roof
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"The growth in net profit margin shows that the real estate lessors are operating more efficiently. Profitability is increasing while overhead and expenses remain relatively the same or shrinking."
"The housing downturn turned many homeowners into renters. Additionally, many buyers are still having a hard time qualifying for mortgages because of credit scores damaged as a result of the financial downturn," Nwokocha says.
"The housing downturn turned many homeowners into renters. Additionally, many buyers are still having a hard time qualifying for mortgages because of credit scores damaged as a result of the financial downturn," Nwokocha says.
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Industry Report: Inside The U.S. Construction Boom
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While there’s no guarantee these industries will continue growing at a strong pace, Nwokocha says, it is likely that they are currently creating opportunities for other industries that provide supplies, distribution or back-office services.
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Private Utilities Could Short-Circuit Despite Growth
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"What catches your eye are the changes," says Sageworks analyst Chuck Nwokocha. "In sales percent change, there is a big drop from 2009 to 2010, then it shoots back [up], then a similar down-up swing from 2012 to 2014.”
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Guess Which Industries Are Growing the Fastest?
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Nwokocha said the growth in transportation-related industries isn’t surprising considering recent experiences he had when traveling in North Dakota and Texas, where the mining and energy industries have experienced booms in recent years. “There was a constant hum of movement with the big trucks moving supplies and goods related to those industries across the country,” he said. He also noticed that people with commercial driver’s licenses (CDLs) seemed virtually guaranteed of a job in those areas. “If you were working at McDonald’s or Burger King and went and got a CDL, you could get a job.”
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Staples Inc And Office Depot Inc May Be Merging, But Even A Combined Company Would Face Uncertainty
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Sales at office supply stores grew “at a very meager pace” in 2014, according to preliminary estimates, said Chuck Nwokocha, an analyst at Sageworks, a financial information company. “They saw their rate of revenue growth decrease, and their net profit margins were sliced in half.” He said analysts will be “keeping our eyes on this industry” as more statements for this year and last year roll in.