Benchmarking is an important exercise. It lets you understand your performance relative to industry. More importantly, its lets you identify gaps in your business based on data, rather than intuition. Without benchmarking, it is difficult to tell if you are over or under-performing and you might focus on improving the wrong areas.
Below is a list of the 10 most and least profitable industries in Australia base on our research. The most profitable companies tended to be service based industries and the least profitable companies tended to either manufacture or distribute physical products.
Vistr has benchmarks for over 400 industries. This means you’ll get the complete benchmarking analysis for your business and industry across Profit, Wages, Cost of Sales, Utilities, and Rent.
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