February 3, 2014 — In yet another indication that the profession is poised for continued success, chiropractic offices were recently second on a Forbes magazine list of the “20 most-profitable industries and their pretax margins.”
The data for the listing was based on information gathered from January 2003 through January 2011 as the magazine attempted to determine the “profit-making ability” of small businesses across the nation.
The list was generated with the help of an accounting consultancy and private-company data provider. The information was gleaned from financial statements from more than 275,000 companies with revenue under $10 million.
Doctor of chiropractic practices showed an average pretax margin of 15.3 percent to earn the second-place ranking. The only industry that performed better based on the search criteria were offices of certified public accountants, which had an average pretax margin of 16.5 percent.
Source: Cleveland Chiropractic College