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Insurance Brokerage Industry Profitability

Profitability Information & Trends 
  
Category:   Period:  

Insurance Brokerage Industry Profitability Ratios 1 Q 2024 4 Q 2023 3 Q 2023 2 Q 2023 1 Q 2023
  2024 2023 2023 2023 2023
Gross Margin 92.52 % 90.37 % 93.5 % 93.75 % 90.37 %
Gross Margin Annual (TTM) 92.13 % - 94.53 % 94.61 % 90.48 %
Gross Margin Ranking # 4 # 7 # 4 # 5 # 3
EBITDA Margin 26.8 % 10.85 % 21.91 % 19.22 % 16.36 %
EBITDA Margin Annual (TTM) 21.96 % 18.93 % 18.01 % 16.7 % 16.96 %
EBITDA Margin Ranking # 18 # 97 # 34 # 38 # 47
Operating Margin 35.32 % 41.53 % 40.45 % 38.95 % 37.89 %
Operating Margin Annual (TTM) 37.59 % - 46.62 % 46.24 % 46.01 %
Operating Margin Ranking # 7 # 2 # 4 # 4 # 4
Pre-Tax Margin 21.92 % - 16.43 % 14.49 % 11.05 %
Pre-Tax Margin Annual (TTM) 16.82 % 12.81 % 12.88 % 11.54 % 12.52 %
Pre-Tax Margin Ranking # 12 # 87 # 26 # 28 # 39
Net Margin 16.97 % - 12.74 % 12.68 % 12.4 %
Net Margin Annual (TTM) 13.61 % 12.57 % 10.99 % 9.98 % 10.74 %
Net Margin Ranking # 16 # 87 # 29 # 29 # 25


Comment on the 1 Q 2024 Gross Margin within the Insurance Brokerage Industry

Insurance Brokerage Industry's Revenue increased sequentially by 14.59 % faster than Gross Profit increase of 13.77 %, this led to contraction in Gross Margin to 92.52 %, higher than Industry average.

On the trailing twelve months basis gross margin in 1 Q 2024 grew to 92.13 %.

Within Financial sector 2 other industries have achieved higher gross margin. Gross margin total ranking has impoved so far to 4, from total ranking in previous quarter at 7.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Gross Margin Statistics
High Average Low
125.08 % 81.75 % -77.6 %
4. quarter 2019   4. quarter 2018

Gross Margin Industry Ranking
Within: No.
Financial Sector # 3
Overall # 4


Other Gross Margins
Compare Industry's gross margin to Cpay's or S&P Gross profits within Insurance Brokerage Industry
Highest Ranking Gross Margins Lowest Ranking Gross Margins
Profitability for Cpay's Suppliers Definiton of Gross Margin

Insurance Brokerage Industry EBITDA Margin Statistics

 
EBITDA Margin Statistics
High Average Low
27.69 % 16.16 % -7.91 %
2. quarter 2022   2. quarter 2020

EBITDA Margin Industry Ranking
Within: No.
Financial Sector # 9
Overall # 18

EBITDA Margin Comment on the 1 Q 2024 within the Insurance Brokerage Industry

Insurance Brokerage Industry Ebitda grew by 152.41 % in 1 Q 2024 sequentially, while Revenue increased by 14.59 %, this led to improvement in Insurance Brokerage Industry's Ebitda Margin to 26.8 %, above Insurance Brokerage Industry average Ebitda Margin.

On the trailing twelve months basis Ebitda Margin in 1 Q 2024 grew to 21.96 %.

Within Financial sector 8 other industries have achieved higher ebitda margin. Ebitda margin total ranking has impoved so far to 18, from total ranking in previous quarter at 97.

Other EBITDA Margins
Compare Industry's EBITDA margin to Cpay's or S&P Gross profits within Insurance Brokerage Industry
Highest Ranking EBITDA Margins Lowest Ranking EBITDA Margins
Profitability for Industry's Suppliers Industry Net Cash Flow Margin


Insurance Brokerage Industry Operating Margin Statistics

 

Operating Margin Comment on the 1 Q 2024 within the Insurance Brokerage Industry

Insurance Brokerage Industry's Operating Margin sequentially deteriorated to 35.32 % due to increase in operating costs and despite Revenue increase of 14.59 %.
Insurance Brokerage Industry's Operating Margin in 1 Q 2024 was higher than Industry average.

On the trailing twelve months basis operating margin in 1 Q 2024 grew to 37.59 %.

Within Financial sector 5 other industries have achieved higher operating margin. Operating margin total ranking has deteriorated compare to previous quarter from 2 to 7.



Operating Margin Statistics
High Average Low
65.58 % 29.74 % -143.57 %
4. quarter 2020   4. quarter 2018

Operating Margin Industry Ranking
Within: No.
Financial Sector # 6
Overall # 7

Insurance Brokerage Industry Pre-Tax Margin Statistics

 


Pre-Tax Margin Statistics
High Average Low
23.33 % 11.1 % -15.03 %
2. quarter 2022   2. quarter 2020

Comment on the 1 Q 2024 Pre-Tax Margin in the Insurance Brokerage Industry

Insurance Brokerage Industry achieved Pre-Tax Income compare to Pre-Tax Loss recorded in previous quarter. Revenue increased by 14.59 % Industry achieved above average Pre-Tax Margin with 21.92 %.

On the trailing twelve months basis Pre-Tax Margin in 1 Q 2024 grew to 16.82 %.

Within Financial sector 6 other industries have achieved higher Pre-Tax Margin. Pre-Tax Margin total ranking has impoved so far to 12, from total ranking in previous quarter at 87.
Pre-Tax Margin Industry Ranking
Within: No.
Financial Sector # 7
Overall # 12

Pre-Tax Margins
Compare Industry's pre-tax margin to Cpay's or S&P Net profits within Insurance Brokerage Industry
Highest Ranking Net Margins Lowest Ranking Net Margins
Profitability for Cpay's Competitors Industry Tax Rate


Insurance Brokerage Industry Net Margin Statistics

 





Net Margin Comment on the 1 Q 2024 in the Insurance Brokerage Industry

Insurance Brokerage Industry achieved Net Profit compare to Net Loss recorded in previous quarter. Revenue increased by 14.59 % Industry achieved above average Net Margin with 16.97 %.

On the trailing twelve months basis Net margin in 1 Q 2024 grew to 13.61 %.

Within Financial sector 8 other industries have achieved higher Net margin. Net margin total ranking has impoved so far to 16, from total ranking in previous quarter at 87.

Net Margin Statistics
High Average Low
18.07 % 9.27 % -12.06 %
2. quarter 2022   2. quarter 2020
Net Margin Industry Ranking
Within: No.
Financial Sector # 9
Overall # 16

Other Net Margins
Compare Industry's net margin to Cpay's or S&P Net profits within Insurance Brokerage Industry
Highest Ranking Net Margins Lowest Ranking Net Margins
Profitability for Cpay's Suppliers Definiton of Net Margin





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