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Veterinarians and Veterinary Services

SIC 0740 | NAICS 541940

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following page sections or scroll below to see a complete listing of available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For resource guides specific to other industries, see our index which lists resource guides by SIC code for over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Veterinary Services  (view report)
Emergency Veterinary Services  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

Sample report is available online.

AVMA
Information resources available from this organization include:

Market Research Statistics - U.S. Veterinarians
https://www.avma.org/statistics
Annual statistical report provides employment figures and median professional income data for veterinarians employed by private clinical practices (with data broken out by species category) and public and corporate employers (with data broken out by type of employer). Current and prior reports are available online.

U.S. Pet Ownership & Demographics Sourcebook
http://www.avma.org/sourcebook
Veterinary medical use and expenditures section of this publication includes detailed information on number of visits, expenditures, and services and products provided by type of pet-owning household (e.g., dog, cat, bird, horse, multiple, and other). Detailed listing of tables included in this section can be viewed online.


Veterinary Services
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, business challenges, issues, trends, and opportunities, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:

Sample report is available online.

Advanstar Communications, Inc.
Veterinary Economics
http://veterinarybusiness.dvm360.com/
Monthly trade magazine features news and information for industry professionals, with content categories including business management, personnel, finances, client relations, practice procedures, and more. Current and prior digital editions of the magazine are available online.

IRS Audit Technique Guides
Veterinary Medicine
http://www.irs.gov/pub/irs-mssp/52809.pdf
IRS audit guide contents include an overview of the industry and its business practices with primary focus on accounting and tax issues. Publication is available free online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Veterinarians
http://www.bls.gov/veterinarians.htm
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

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Financial Benchmarking Data


Industry Financial Ratios
Veterinary Services
http://www.bizminer.com  Search for "541940"

Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow analysis, and key financial and operating ratios, with detailed benchmarking data available by sales size range on a national, state, and metropolitan area level.

Sample reports are available online.

AVMA
Report on Practice Business Measures
https://www.avma.org/business-measures
Biennial economic survey provides current and historical trend data for gross revenues, expenses, and other measures, with survey data broken out by practice size, number of veterinarians, and other selected criteria. Detailed listing of tables included in this report is accessible free online.

American Animal Hospital Association
Publications available from this organization include:

Financial & Productivity Pulsepoints
https://www.aahanet.org/store
Annual benchmarking survey allows user to compare their financial and operating performance with other similar firms, with survey data broken out by practice revenue, number of veterinarians, years in business, and AAHA membership status. Table of contents can be previewed online.

Veterinarian Fee Reference
https://www.aahanet.org/store
Comprehensive resource provides detailed information on fees (average, median, and upper/lower quartiles) for more than 450 services, with data organized by practice size and other factors such as community size, household income, and AAHA membership status. Table of contents can be previewed online.


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Compensation and Salary Surveys


AVMA
Report on Veterinary Compensation
https://www.avma.org/compensation
Compensation survey provides professional income and fringe benefits information for veterinarians, with survey data broken out by type of employer, ownership status, practice size, years of experience, gender, community size, and geographic region. Detailed listing of tables included in this report is available online.

American Animal Hospital Association
Compensation & Benefits
https://www.aahanet.org/store
Annual survey provides compensation and benefits information for full-time and part-time veterinarians and other staff members, and includes detailed demographic data and a discussion of factors that affect veterinarian compensation. Detailed table of contents can be viewed online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Veterinarians
http://www.bls.gov/veterinarians.htm
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

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Business Valuation Resources


American Animal Hospital Association
Publications available from this organization include:

Valuation of Veterinary Practices
Lorraine Monheiser List, CPA
https://www.aahanet.org/store
Topics covered in this publication include a discussion of the valuation process, selecting and working effectively with appraisers, valuing specific types of practices, guidelines for evaluating an appraisal, and a detailed example of how a practice is valued. Table of contents can be viewed free online.

Buying A Veterinary Practice
Lorraine Monheiser List, CPA
https://www.aahanet.org/store
Comprehensive publication provides guidance on finding practices for sale, getting and analyzing a seller's information, structuring and negotiating a transaction, obtaining financing for the purchase, and common errors buyers make. Table of contents can be viewed free online.


VPSG
Articles About Buying and Selling a Practice
http://vpsg.com/articles/
Free article library covers a variety of topics including pricing considerations, determining a practice's worth, factoring in the real estate value, sale checklist, common seller mistakes, and more.

Simmons & Associates
Your Veterinary Practice: Buying, Selling, and Merging
http://www.simmonsinc.com/
Publication provides guidance on buying, selling, or merging a practice, with topics covered including valuing a company for sale, selling to an associate or partner, seller tax considerations, and more. Sample excerpt which includes the table of contents, foreword, preface, and introduction can be previewed online.

Small Business Valuation Formula Multiples
Veterinary Clinics and Hospitals
http://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for small businesses in more than 200 industries. Valuation multiples are derived from actual business sales transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.


BVR Business Valuation Guides and Books
BVR's Industry Transaction & Profile Annual Report on Veterinary Practices
http://www.bvresources.com/
Annual publication includes an industry profile, five-year financial analysis, pricing rules of thumb, and actual deal data from private company sales transactions. Summary highlights from the report containing additional descriptive information and identifying data sources are available free online.

BVMarketData
Private Company Sales Transactions
Pratt's Stats® | BIZCOMPS®
Free "Visitor Search" allows users to search private company sales transactions by business description for comparable business sales transaction data, including revenue, earnings, and EBITDA multiples.


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Related Industries:
Agricultural Crop and Livestock Production
Pet Grooming and Boarding
Pet Stores and Shops
Zoos, Aquariums, and Botanical Gardens

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