Corporate America is profitable — earnings are growing.

Corporate Profits · year-over-year

Profit growth: 18.40% — Corporate profits are growing 18.4% a year. That’s the 78th percentile of all its readings since 1948.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

Nonfinancial Corporate Profits · year-over-year

Nonfin. profits: 19.20% — Nonfinancial corporate profits are growing 19.2% a year. That’s the 74th percentile of all its readings since 1948.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

Corporate Profits · share of GDP

Profit share: 12.40% — The corporate-profit share of GDP is 12.4%, up 1.3 points from a year ago. That’s the 99th percentile of all its readings since 1947.

Why it isn’t scored: A descriptive level shown for context — neither a high nor a low reading is simply good or bad.

Profit share: up 3 readings in a row.

Proprietors' Income · year-over-year

Proprietors: 2.70% — Proprietors' income is rising 2.7% a year. That’s the 29th percentile of all its readings since 1948.

Why it isn’t scored: Shown for context — proprietors' income (which includes farm income) is too volatile to score cleanly.