It is somewhat difficult to even talk about an average profit margin for the banking industry. Profit margins between different banks can vary from as low as 5% up to as high as nearly 45%.

They averaged 5% in 2023. That was “still low compared with the average profit margin of 6.1% of downstream industrial enterprises,” PCA said.

HCA operates 184 hospitals with a profit margin of 11.8 percent in 2023, with an operating income of $7.7 billion on revenue of $65 billion. In 2022, the system earned $60.2 billion in revenue.