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?