US Corporate Profits

## What this measures

Aggregate US **corporate profits** (with inventory valuation and capital consumption adjustments), in billions of dollars, seasonally adjusted at an annual rate — BEA NIPA Table 1.12.

## Why it matters

Profits are the top-down earnings cycle. Their level and slope frame the whole margin story: buyback and capex capacity, credit conditions, and the gap between equity-market optimism and the real economy. The single cleanest read on whether corporate America is expanding or contracting its earnings base.

## Source

Bureau of Economic Analysis NIPA Table 1.12 (series A051RC). Public-domain, refreshed each quarterly release.