S14 · PROFITS' SLICE OF THE ECONOMY

Corporate profits after tax / GDP

11.28

WATCH ROBUST z 1.42 DRS 95 quarterly as of 2026-01-01

Where it sits: higher than ~92% of its last decade.

The full history

1947 high 11.47 · low 4.10 · now 11.28 · 12 recessions shaded 2026

What it measures: profits' slice of the economy
Where it sits: higher than ~92% of its last decade — at the 92th percentile of its last decade.
z vs. its window: 1.42 (strain side: up). 39 observations in the window.
State rule: z < 1 CALM · 1 ≤ z < 2 WATCH · z ≥ 2 EXTREME, measured only toward the declared strain side.
Confidence: ROBUST — a primary official series, mechanically reported.
Reliability (DRS): DRS 95 — Computed: 100 × corporate profits after tax (with IVA and CCAdj) / nominal GDP, both quarterly SAAR via FRED. The denominator is the same GDP input the Buffett indicator (M1) uses. After-tax by declaration: the pre-tax variant peaked in 2021 and is NOT at a record — the record holds only on this definition, and by a hair over 2021-Q2; NIPA revisions could move it. Quarterly since 1947. The mirror of S13. Trend-dominated; decade-relative, disclosed.

DERIVED ↗ Every number on this site is reproducible from this primary source.