1.
Total Profit for 2024: $182.7B
Portfolio Management industry operators manage asset portfolios for a fee or commission. In the last five years, the industry has experienced countervailing trends. For the majority of the period, rising assets under management (AUM) as a result of rising asset prices and growing disposable income have increased the base of assets industry operators charge fees on. Increased investor preference for passive asset management, including through exchange-traded funds (ETFs), has driven expenses charged for the management of assets down during the period.
Financial markets play an integral role in AUM growth and, consequently, base and performance fees earned by managers. Growth in... Learn More
2.
Total Profit for 2024: $152.6B
The industry consists of funds that raise capital to invest in various asset classes. Industry assets have become increasingly integral to institutional investors' portfolios and the larger asset-management market in recent years. Institutional investors are individuals or organizations that trade securities in such substantial volumes that they qualify for lower commissions and fewer protective regulations, since it's assumed that they're knowledgeable enough to protect themselves. Increasing demand from institutional investors has contributed to the surge in the industry's assets under management (AUM) and revenue during the current period.
See AlsoWarren Buffett - EBITDA10 Most Profitable Companies in the WorldBiggest Companies in the World by Market CapCocaCola EBITDA 2010-2023 | KOIn recent years, the industry has continued to enmesh itself more deeply within... Learn More
3.
Total Profit for 2024: $91.1B
Strong returns in various financial markets and increased trading volumes have benefited businesses in the industry. Companies provide underwriting, brokering and market-making services for a range of financial instruments, including bonds, stocks and derivatives. Businesses benefited from improving macroeconomic conditions and interest rates remaining below historical averages. Overall, industry revenue has been growing at a CAGR of 11.5% over the past five years and is expected to total $492.1 billion in 2023, when revenue will jump by an estimated 22.3%.
While many industries struggled in 2020 as a result of COVID-19, businesses benefited from the volatility caused by the pandemic. Primarily,... Learn More
4. Credit Card Issuing in the US
Total Profit for 2024: $66.5B
The Credit Card Issuing industry in the US provides transaction and credit services to consumers and businesses by issuing credit cards with available credit lines that must be repaid in full to the issuer, often in installments. Commercial banks are excluded from this industry since credit card issuance is not a primary business activity. Industry operators generate revenue from cardholders primarily through fees and interest earned on revolving credit. Companies compete by offering customers lower interest rates, flexible and secure payment options and rewards programs based on spending levels.
Industry revenue is set to increase an annualized 1.6% over the years... Learn More
5. Medical Group Practice Management in the US
Total Profit for 2024: $51.7B
Medical group practice management has expanded as more physicians integrate into more extensive multispecialty networks. Burdened by medical school debt and seeking regular hours, more young physicians opt out of private practices, joining health systems or medical groups instead. Joining larger practices like medical groups offer several advantages. Consolidated systems have the power to improve patient outcomes, create efficiencies and secure higher prices in payer-provider negotiations. An increasing concentration of healthcare providers nationwide has expanded revenue at a CAGR of 2.5% to an estimated $461.7 billion over the past five years. As health expenditure steadies, revenue growth will slow to... Learn More
6. Specialist Doctors in the US
Total Profit for 2024: $48.0B
Specialist doctors are physicians whose practice is limited to a particular branch of medicine or surgery. Overall, specialty practices have benefited from rising total health expenditure, increased demand from an aging population and improving access to health insurance due to recent reforms. Industry operators had to cancel or delay elective procedures due to the COVID-19 pandemic, which tend to account for the bulk of revenue. Due to the specialized nature of industry services, it has been more difficult for industry operators to adopt telehealth in comparison to primary care doctors. As the economy moved beyond the COVID-19 pandemic, industry revenue... Learn More
7.
Total Profit for 2024: $45.8B
Real estate salespeople and brokers sell, buy or rent real estate for others. The industry is closely aligned with the health of the residential and commercial real estate markets in the United States. Revenue is directly correlated with property prices and real estate transaction volumes, and agents are paid completely on a commission basis, receiving a fee only when they close a deal. Also, the residential market accounts for most of revenue, making the real estate sales sensitive to fluctuations in housing prices and existing home sales.
Through the end of 2023, real estate sales have seen growth in line with... Learn More
8.
Total Profit for 2024: $45.4B
The Hotels and Motels industry offers short-term lodging in hotels, motels and resorts. The need for hotels and motels relies heavily on domestic and international tourism levels, making them dependent on the overall economic environment. Travel trends were impacted by the 2020 pandemic, as travel restrictions mostly paused tourism in the United States, causing hotels and motels to be one of the hardest hit industries by the pandemic. Lifting travel regulations resulted in skyrocketing hotel revenue. However, rising inflation has pushed some consumers to reduce spending on leisure activities, causing revenue to slow down. Hotel revenue is estimated to expand... Learn More
9.
Total Profit for 2024: $44.2B
The Third-Party Administrators and Insurance Claims Adjusters industry plays a critical role in the insurance and retirement markets by enabling businesses to outsource claims processing, administrative services and risk management. Insurance carriers and pension funds have increasingly relied on these services to cut operating costs and improve efficiency. Success in the industry is contingent on various factors including professional experience, positive track record, cost effectiveness and compliance. Since third-party administrators operate as an ancillary service to insurance providers, industry trends fall in line with the broader finance and insurance sector. Overall, industry revenue is expected to increase an annualized 3.9%... Learn More
10. Automobile Insurance in the US
Total Profit for 2024: $44.1B
The Automobile Insurance industry provides individuals and businesses with various lines of insurance needed to operate an automobile legally and invests a portion of underwritten premiums in financial instruments. The industry has experienced rising premium prices as operators have contended with higher claims volumes because of renewed traffic activity and higher costs to repair or replace a vehicle. Despite premium growth during most of the period, dropping consumer confidence and investment income in 2020 because of the pandemic pressured insurance providers. Overall, revenue has been falling at a CAGR of 0.6% over the past five years, reaching an estimated $353.3... Learn More
