## Figure 1.10. Corporate Profitability Indicators in Advanced Economies

## Source details

**Canonical URL:** [Figure 1.10. Corporate Profitability Indicators in Advanced Economies](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-10.csv)

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- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-10.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-10.csv.json)

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### Global Profitability Trends (EBITDA in percent of assets)
- Country columns included: United States, Euro area, Japan, United Kingdom.
- Sample historical values by year:
  - 1996: United States 14.12; Euro area 10.93; Japan 8.32; United Kingdom 16.19.
  - 1997: United States 14.55; Euro area 12.44; Japan 8.11; United Kingdom 16.69.
  - 1998: United States 13.84; Euro area 12.25; Japan 9.83; United Kingdom 15.43.

### US S&P 500 Firms: Profitability Drivers (Percent of assets)
- Date-stamped series for net income (earnings) / pretax income:
  - Net income (earnings) entries with dates: 3/31/2014, 6/30/2014, 9/30/2014.
  - Corresponding sample values (by date-row):
    - 3/31/2014: Net income 0.76; Pretax income 1.11; Effective tax rate 29.90.
    - 6/30/2014: Net income 0.85; Pretax income 1.19; Effective tax rate 28.81.
    - 9/30/2014: Net income 0.84; Pretax income 1.18; Effective tax rate 29.23.

### US S&P 500 Firms: Uses of Cash Flow (Percent of assets; four-quarter moving average)
- Components shown: Capex + R&D; Payouts; M&A.
- Sample four-quarter moving average values (date-stamped):
  - 3/31/2010: Capex + R&D 0.5383; Payouts 0.4542; M&A -0.1566.
  - 6/30/2010: Capex + R&D 0.5330; Payouts 0.4274; M&A -0.0676.
  - 9/30/2010: Capex + R&D 0.5399; Payouts 0.4629; M&A 0.0316.

### US S&P 500 Firms: Payouts, Net Borrowing, and Debt Ratios (2018; percent of assets and levels)
- Change in net debt label and sample value:
  - Change in net debt: 0.306 (row associated with 1996 sample).
- Payouts (sample values by year-row):
  - 1996 row: Payouts 0.466.
  - 1997 row: Payouts -0.440.
  - 1998 row: Payouts 37.182 (presented in the dataset under "Net debt ratio (right scale)" context; see net debt ratio values below).
- Payouts series also includes negative and large-magnitude entries in the sample rows:
  - 1997 sample: Payouts -0.935; -0.440; -1.917; -1.938; -1.619; -0.945; -1.878; -1.354; -3.972; -0.296 (multiple sector or subgroup entries shown in the row).
- Net debt ratio (right scale) sample values (1998 row):
  - S&P 500 20.479
  - Utilities 37.182
  - Cons. disc. 35.135
  - Cons. stap. 31.456
  - Industrials 28.023
  - Comm. 27.234
  - Heath 24.216
  - Energy 19.073
  - IT 19.020
  - Financials 15.067

### US S&P 500 Sectors: Expected EPS Growth, 2019 (Year-over-year percent change)
- Sector headings present in dataset: S&P 500, Utilities, Cons. disc., Cons. stap., Industrials, Comm., Heath, Energy, IT, Financials.
- Sample sector-level numeric entries appear in the file structure alongside other rows (see payouts and net debt ratio rows for aligned sector values).

### Global Equity Markets: Expected EPS Growth, 2019 (Year-over-year percent change)
- Market indices included in sample rows with date-stamps:
  - US S&P 500: 10/1/2018 value 9.938 (also repeated on 10/1/2018).
  - Eurostoxx: 10.261 (date 10/1/2018 and 10/2/2018 appear in adjacent sample rows).
  - German DAX: 9.172 (date 10/1/2018 and 10/2/2018 present).
  - UK FTSE 250: 11.820 (date 10/1/2018 and 10/2/2018 present).
  - Japanese Topix: 9.974 (date 10/1/2018 and 10/2/2018 present).
  - Additional repeated value: 4.781 (associated with the Japanese Topix column in sample rows).

*Dataset: Figure 1.10. Corporate Profitability Indicators in Advanced Economies (CSV worksheet; sample rows and column headers retained as provided).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-10.csv_