The World's Most Trusted SIC Codes Lookup API Available On The Web
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In addition, it allows investors to compare different companies in the same sector and determine which one is more profitable. The SIC code is a classification system that helps businesses categorize their financial information. It also helps investors understand how profitable a company is.
How do SIC Codes Work?
The first three digits of the SIC code indicate the industry sector. The next two digits indicate the subsector, while the last digit indicates the company’s type or function. For instance, if a company’s SIC code is “5231,” it means that it belongs to the “Food and Beverage Manufacturing” sector,...
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