Thailand's Most Profitable Industries by Profit Per Company 2026
In short
Financial and insurance companies average 32.7 million baht in net profit each, the highest of any industry section in Thailand. Mining and quarrying ranks second at 17.66 million baht per company, then electricity and gas at 15.60 million. Manufacturing, which books the largest total revenue and the largest total net profit of any sector, ranks only fourth per company at 7.39 million baht. Financial and insurance firms average 4.42 times more profit per company than manufacturing firms. Spread that profit across manufacturing's 230,396 companies instead of finance's 35,567, and the average falls hard.
Which Thai industry earns the most profit per company?
Financial and insurance is the answer, averaging 32.7 million baht in net profit per company, the highest of any industry section in Thailand (DBD, 2026). Mining and quarrying comes second at 17.66 million baht average profit per firm. Electricity and gas follows at 15.60 million baht. Manufacturing, the sector that carries the largest total revenue and the largest total net profit in the entire economy, ranks only fourth by this measure at 7.39 million baht average profit per company. Financial and insurance firms earn 4.42 times more profit per company than manufacturing firms, even though manufacturing books 7.6 times more total revenue. The gap comes down to company count. Only 25,697 financial and insurance companies filed data against 148,653 in manufacturing, so manufacturing's profit gets split across a far larger crowd.
Average net profit per company by industry section
- Financial and insurance33
- Mining and quarrying18
- Electricity and gas16
- Manufacturing7
- Human health and social work4
- Water and waste3
- Transportation and storage3
- Information and communication2
- Professional, scientific and technical1
- Wholesale and retail trade1
- Agriculture1
- Accommodation and food service1
- Real estate1
- Education1
- Administrative and support1
- Construction0
- Other services0
- Arts and entertainment-0
Figures in million baht average net profit per company.
Financial and insurance, mining and electricity and gas stand well above manufacturing, which most rankings treat as the profit leader.
Industries ranked by average net profit per company
| Industry section | Avg net profit per company, baht | Companies with filed data | Total net profit, billion baht |
|---|---|---|---|
| Financial and insurance | 32,701,853 | 25,697 | 839.2 |
| Mining and quarrying | 17,655,558 | 3,574 | 63.0 |
| Electricity and gas | 15,604,956 | 6,204 | 96.7 |
| Manufacturing | 7,391,534 | 148,653 | 1,097.6 |
| Human health and social work | 4,354,207 | 13,170 | 57.3 |
| Water and waste | 3,045,793 | 3,526 | 10.7 |
| Transportation and storage | 2,625,960 | 51,454 | 135.0 |
| Information and communication | 1,996,910 | 38,784 | 77.3 |
| Professional, scientific and technical | 1,492,455 | 99,102 | 147.8 |
| Wholesale and retail trade | 1,165,248 | 424,209 | 493.8 |
| Agriculture | 1,041,133 | 12,051 | 12.5 |
| Accommodation and food service | 899,780 | 59,215 | 53.2 |
| Real estate | 888,775 | 108,441 | 96.3 |
| Education | 814,450 | 10,004 | 8.1 |
| Administrative and support | 702,231 | 68,266 | 47.9 |
| Construction | 331,974 | 161,921 | 53.7 |
| Other services | 22,450 | 13,909 | 0.3 |
| Arts and entertainment | -113,095 | 13,160 | -1.5 |
Average net profit per company, companies with filed data, and total sector net profit, as of 7 Jul 2026.
Why this ranking matters more than it looks
Total profit rankings and margin rankings tell two different stories from this one. Manufacturing wins on total net profit, holding 33.4 percent of the national total against financial and insurance's 25.5 percent, because manufacturing spreads its scale across roughly 5.8 times more companies with filed data. Margin rankings crown financial and insurance too, with a reported net margin above 25 percent, but that figure reflects how banks and insurers book interest and premium income rather than raw profit per firm. Profit per company answers a narrower and more practical question for anyone sizing up where to compete: how much does a typical company in this section actually keep. By that measure, mining and quarrying and electricity and gas both beat every sector except finance, despite neither one dominating headlines about the Thai economy. Bank of Thailand data show a single large bank can post tens of billions of baht in annual profit on its own, a scale most of the 25,697 reporting financial and insurance companies never approach (BOT, 2025). A founder or investor comparing sectors on total size alone would miss all three of the top performers here.
Definitions
- Net profit
- Company profit after all expenses, tax and financing costs, as reported in a filed financial statement.
- Average net profit per company
- A section's total net profit divided by its number of companies with filed data, not an average of each company's own margin.
- Net margin
- Net profit as a share of revenue, a separate ranking used on other Max Data Insights pages and not the measure used here.
- Companies with filed data
- The companies within a section that submitted a financial statement, a subset of all registered companies in that section.
- Section
- One of the 21 lettered TSIC industry groups used in the DBD registry, such as manufacturing or financial and insurance.
Assumptions
- Only companies with a filed financial statement are counted in each section's average, so sections with low filing rates may understate how many registered companies exist.
- Public administration, households and extraterritorial organizations are excluded for having fewer than 20 companies with filed data each.
- A handful of very large companies can lift a section's average well above what a typical company in that section earns, most notably in financial and insurance.
Methodology
Average net profit per company is each section's total net profit divided by its count of companies with a filed financial statement, drawn from the Department of Business Development registry as of 7 July 2026. This differs from net margin, which divides profit by revenue, and from total sector profit, which says nothing about how many companies share it. Public administration, households and extraterritorial organizations are excluded because each has fewer than 20 companies with filed data, too few for a stable average. A small number of very large companies inside financial and insurance can pull that section's average upward, so treat it as a section wide figure rather than a typical single company's result.
How we verified this
- Financial and insurance's avg_net_profit of 32,701,853 baht was confirmed as the section maximum by sorting all market_section_insight rows in descending order by avg_net_profit.
- The financial to manufacturing multiple was recomputed as 32,701,853 divided by 7,391,534, equal to 4.42.
- Manufacturing's share of national net profit was recomputed as 1,097,635,469,599 divided by the verified national total of 3,288,219,434,948, equal to 33.4 percent.
- Financial and insurance's share of national net profit was recomputed as 839,194,964,360 divided by 3,288,219,434,948, equal to 25.5 percent.
- Manufacturing's revenue multiple over financial and insurance was recomputed as 25,135,323,478,520 divided by 3,303,685,444,530, equal to 7.6.
- Manufacturing's multiple of companies with filed data over financial and insurance was recomputed as 148,653 divided by 25,697, equal to 5.8.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- Bank of Thailand. (2025). Banking sector quarterly brief, Q3 2025. https://www.bot.or.th/content/dam/bot/documents/en/news-and-media/news/2025/news-20251118.pdf
Frequently asked questions
Which Thai industry has the highest profit per company?
Financial and insurance, averaging 32.7 million baht in net profit per company as of 7 July 2026, more than any other industry section.
Why does manufacturing not lead if it has the most total profit?
Manufacturing's 1.10 trillion baht in total net profit is split across 148,653 reporting companies, so its average per company is only 7.39 million baht, which ranks fourth.
Is profit per company the same thing as net margin?
No. Net margin divides profit by revenue. Profit per company divides a section's total profit by its number of reporting companies, a different question entirely.
Cite this page
Chatpong L. (2026). Thailand's Most Profitable Industries by Profit Per Company 2026. Max Data Insights. https://maxdatathailand.com/insights/which-industries-earn-the-most-profit-per-company-in-thailand-2026
Data & corrections
Download the data (CSV)Spot something off, or want to ask about the data? Email insights@maxsolutions.co.th. We publish corrections.
Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
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This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.