Wall Street is bracing for news on how the rising dollar and falling oil prices have impacted publicly traded firms’ latest earnings, but a look at privately held companies’ recent financial results reveals positive trends on both the revenue and profit fronts, according to Sageworks, a financial information company.
Private companies, which drive roughly half of GDP and 65 percent of new job creation in the U.S., are growing sales at an annual rate of 9.2 percent, based on an analysis of financial statements filed over the 12 months ended March 23. That’s the highest rate of revenue growth since 2012, and profit margins are at a five-year high. Net profit margins, on average, are nearly 9 percent, compared with about 6 percent in the comparable period a year earlier.

Private Companies Growing Sales At Fastest Pace Since 2012