06/24/2026
U.S. businesses are becoming more productive.
But are they becoming more profitable?
After analyzing 755 U.S. industries, iCFO found a surprising trend:
• 98.5% improved Sales per Employee
• 80.0% improved Current Ratio
• 70.9% improved Quick Ratio
On the surface, companies appear healthier than ever.
However:
• Only 44.1% improved Profit Margins (ROS)
• Only 26.5% improved ROA
• Only 20.0% improved ROI
Far fewer companies converted productivity gains into stronger profits and returns.
Explore the full article with examples from some of the most popular industries and discover how industries changed between 2022 and 2025.
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