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S14 · PROFITS' SLICE OF THE ECONOMY

Corporate profits after tax / GDP

11.37
STALE ROBUST DRS 95 quarterly as of 2026-01-01

This tile is stale: the value shown is the last one the source published, never a fabricated current number.

The full history

1947 high 11.47 · low 4.10 · now 11.37 · 12 recessions shaded 2026

How it is read

What it measures
profits' slice of the economy
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.

Where it comes from

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

What it read at past stress points

Lehman, Sep 2008 7.79 · CALM
Q4-2018 selloff 10.04 · CALM
Curve inversion, Aug 2019 10.15 · CALM
COVID crash, Mar 2020 9.12 · CALM

Questions it helps answer

  • Who Gets What : Where does the wealth sit, and who keeps the output?