[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] Table B-94.--Relation of profits after taxes to stockholders' equity and to sales, all manufacturing corporations, 1950-2002 ---------------------------------------------------------------------------------------------------------------- Ratio of profits after income taxes Profits after income taxes per dollar (annual rate) to stockholders' of sales--cents equity--percent\1\ -------------------------------------- Year or quarter --------------------------------------- All Durable Nondurable All Durable Nondurable manufacturing goods goods manufacturing goods goods corporations industries industries corporations industries industries ---------------------------------------------------------------------------------------------------------------- 1950.............................. 15.4 16.9 14.1 7.1 7.7 6.5 1951.............................. 12.1 13.0 11.2 4.9 5.3 4.5 1952.............................. 10.3 11.1 9.7 4.3 4.5 4.1 1953.............................. 10.5 11.1 9.9 4.3 4.2 4.3 1954.............................. 9.9 10.3 9.6 4.5 4.6 4.4 1955.............................. 12.6 13.8 11.4 5.4 5.7 5.1 1956.............................. 12.3 12.8 11.8 5.3 5.2 5.3 1957.............................. 10.9 11.3 10.6 4.8 4.8 4.9 1958.............................. 8.6 8.0 9.2 4.2 3.9 4.4 1959.............................. 10.4 10.4 10.4 4.8 4.8 4.9 1960.............................. 9.2 8.5 9.8 4.4 4.0 4.8 1961.............................. 8.9 8.1 9.6 4.3 3.9 4.7 1962.............................. 9.8 9.6 9.9 4.5 4.4 4.7 1963.............................. 10.3 10.1 10.4 4.7 4.5 4.9 1964.............................. 11.6 11.7 11.5 5.2 5.1 5.4 1965.............................. 13.0 13.8 12.2 5.6 5.7 5.5 1966.............................. 13.4 14.2 12.7 5.6 5.6 5.6 1967.............................. 11.7 11.7 11.8 5.0 4.8 5.3 1968.............................. 12.1 12.2 11.9 5.1 4.9 5.2 1969.............................. 11.5 11.4 11.5 4.8 4.6 5.0 1970.............................. 9.3 8.3 10.3 4.0 3.5 4.5 1971.............................. 9.7 9.0 10.3 4.1 3.8 4.5 1972.............................. 10.6 10.8 10.5 4.3 4.2 4.4 1973.............................. 12.8 13.1 12.6 4.7 4.7 4.8 1973: IV.......................... 13.4 12.9 14.0 4.7 4.5 5.0 New series: 1973: IV.......................... 14.3 13.3 15.3 5.6 5.0 6.1 1974.............................. 14.9 12.6 17.1 5.5 4.7 6.4 1975.............................. 11.6 10.3 12.9 4.6 4.1 5.1 1976.............................. 13.9 13.7 14.2 5.4 5.2 5.5 1977.............................. 14.2 14.5 13.8 5.3 5.3 5.3 1978.............................. 15.0 16.0 14.2 5.4 5.5 5.3 1979.............................. 16.4 15.4 17.4 5.7 5.2 6.1 1980.............................. 13.9 11.2 16.3 4.8 4.0 5.6 1981.............................. 13.6 11.9 15.2 4.7 4.2 5.1 1982.............................. 9.2 6.1 11.9 3.5 2.4 4.4 1983.............................. 10.6 8.1 12.7 4.1 3.1 4.9 1984.............................. 12.5 12.4 12.5 4.6 4.4 4.8 1985.............................. 10.1 9.2 11.0 3.8 3.4 4.1 1986.............................. 9.5 7.5 11.5 3.7 2.9 4.6 1987.............................. 12.8 11.9 13.7 4.9 4.5 5.2 1988 \2\.......................... 16.1 14.3 17.8 5.9 5.2 6.6 1989.............................. 13.5 11.1 16.0 4.9 4.1 5.7 1990.............................. 10.6 7.9 13.1 3.9 3.0 4.8 1991.............................. 6.2 1.4 10.6 2.4 .5 4.1 1992 \3\.......................... 2.1 -5.1 8.2 .8 -1.7 3.1 1993.............................. 8.0 5.7 10.0 2.8 1.8 3.7 1994.............................. 15.8 16.3 15.2 5.4 5.3 5.5 1995.............................. 16.0 15.4 16.6 5.6 5.2 6.0 1996.............................. 16.7 15.7 17.6 6.0 5.5 6.5 1997.............................. 16.7 16.3 17.1 6.2 5.8 6.7 1998.............................. 15.8 16.4 15.2 5.9 5.9 6.0 1999.............................. 16.4 16.1 16.8 6.2 6.1 6.4 2000.............................. 15.1 12.5 18.7 6.1 5.4 6.9 2000: IV.......................... 9.9 7.0 13.9 4.0 3.1 5.1 NAICS: \4\ 2000: IV.......................... 9.1 5.6 14.3 3.7 2.5 5.2 2001.............................. 1.9 -7.1 14.7 .8 -3.3 5.7 2001: I........................... .0 -11.5 16.9 .0 -5.3 6.4 II.......................... 5.2 -4.5 19.2 2.2 -2.0 7.0 III......................... 2.1 -6.8 14.5 .9 -3.2 5.6 IV.......................... .4 -5.6 8.4 .2 -2.6 3.5 2002: I........................... 5.4 -.9 14.0 2.4 -.4 6.0 II.......................... 10.5 6.0 16.5 4.5 2.6 6.6 III......................... 9.4 4.5 15.9 4.0 2.0 6.3 ---------------------------------------------------------------------------------------------------------------- \1\ Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end of quarter. \2\ See footnote 3, Table B-93. \3\ See footnote 4, Table B-93. \4\ See footnote 5, Table B-93. Note.--Based on data in millions of dollars. See Note, Table B-93. Source: Department of Commerce, Bureau of the Census.