{
 "api_version": "v1",
 "data": {
  "naics": "114210",
  "label": "Hunting and Trapping",
  "scope": "United States",
  "operators": 65,
  "employees": 210,
  "pay_per_employee_usd": 38952,
  "made_of": {
   "occupation": null,
   "share_pct": null,
   "concentration_vs_economy": null
  },
  "licence_gate": {
   "occupation": null,
   "jurisdictions_licensing": null,
   "jurisdictions_searched": 54,
   "us_jurisdictions_total": 56,
   "exam_gated_licences": null,
   "matched_by": null,
   "marginal": false
  },
  "labour": {
   "defining_occupation": null,
   "employed_nationally": null,
   "median_wage_usd": null
  },
  "licensed_occupations": [],
  "acquisition_lending": {
   "naics": "114210",
   "business_age": "acquisition",
   "loans": 26,
   "gross_usd": 9591000,
   "guaranteed_usd": 7405120,
   "median_loan_usd": 298469,
   "mean_rate_pct": 6.94,
   "mean_term_months": 138,
   "jobs_supported": 74,
   "years": "FY2010\u2013FY2026",
   "charge_off": {
    "pct": null,
    "resolved": 12,
    "read": "Only 12 seasoned loans have reached an outcome in this industry \u2014 too few to publish a rate. That is a thin lending history, which is itself worth knowing before assuming a lender will fund your deal."
   },
   "peer_rank": null
  },
  "cost_structure": {
   "margin_pct": null,
   "cost_basis": null,
   "receipts_usd": null,
   "value_added_usd": null,
   "vintage": 2022,
   "read": "Margin computed by the Census Bureau as value added \u2014 receipts less the cost basis named. NULL where Census publishes no cost structure for the sector, which is most service industries; in that case use labour_share_of_receipts_pct and do NOT call it a margin."
  },
  "revenue_distribution": {
   "vintage": 2022,
   "firms": 429,
   "labour_share_of_receipts_pct": 25.7,
   "bands": [
    {
     "band": "<100",
     "lo": 0,
     "hi": 100000,
     "firms": 91,
     "share_pct": 21.2,
     "cumulative_pct": 21.2,
     "labour_share_pct": 67.2,
     "adjusted": true
    },
    {
     "band": "100-499",
     "lo": 100000,
     "hi": 499000,
     "firms": 198,
     "share_pct": 46.2,
     "cumulative_pct": 67.4,
     "labour_share_pct": 23.3,
     "adjusted": true
    },
    {
     "band": "500-999",
     "lo": 500000,
     "hi": 999000,
     "firms": 68,
     "share_pct": 15.9,
     "cumulative_pct": 83.2,
     "labour_share_pct": 22.8,
     "adjusted": true
    },
    {
     "band": "1,000-2,499",
     "lo": 1000000,
     "hi": 2499000,
     "firms": 47,
     "share_pct": 11.0,
     "cumulative_pct": 94.2,
     "labour_share_pct": 24.5,
     "adjusted": true
    },
    {
     "band": "2,500-4,999",
     "lo": 2500000,
     "hi": 4999000,
     "firms": 13,
     "share_pct": 3.0,
     "cumulative_pct": 97.2,
     "labour_share_pct": 26.7,
     "adjusted": true
    },
    {
     "band": "5,000-7,499",
     "lo": 5000000,
     "hi": 7499000,
     "firms": 9,
     "share_pct": 2.1,
     "cumulative_pct": 99.3,
     "labour_share_pct": 27.0,
     "adjusted": true
    },
    {
     "band": "7,500-9,999",
     "lo": 7500000,
     "hi": 9999000,
     "firms": 3,
     "share_pct": 0.7,
     "cumulative_pct": 100.0,
     "labour_share_pct": 29.1,
     "adjusted": true
    }
   ],
   "read": "Firms by RECEIPT SIZE. Labour share is payroll over receipts \u2014 not gross margin, which cannot be derived because Census publishes no cost of goods. Enterprise-level: a firm is counted once at its total size, not per location."
  },
  "standing": {
   "naics4": "1142",
   "percentile": 94,
   "peers": 287,
   "years": [
    2019,
    2023
   ],
   "net_formation_pct": 4.17,
   "band": "forming much faster than it is dying",
   "calibration": {
    "rho": 0.57,
    "windows": 4,
    "separation_pp": 42.6
   },
   "read": "Among 287 industries, this one sits at the 94th percentile on net establishment formation over 2019-2023 \u2014 it is forming much faster than it is dying. That signal carries a measured rank correlation of 0.57 with the following decade's growth across 4 backtested windows, separating top and bottom deciles by 42.6 percentage points. It describes the INDUSTRY, not a business in it, and it was calibrated against establishment growth rather than returns to an operator."
  },
  "rubric_coverage": {
   "covered": 35,
   "total": 100,
   "partial": 25,
   "absent": 40,
   "rubric": "O1.0-20260804"
  },
  "dimensions": [
   {
    "code": "O1",
    "weight": 25,
    "status": "evidenced",
    "predictive": "predictive",
    "evidence": "65 operators employing 210 people across 17 counted areas",
    "source": "US Census County Business Patterns"
   },
   {
    "code": "O2",
    "weight": 15,
    "status": "partial",
    "predictive": "not backtested",
    "evidence": "$6,540,539 in federal awards to 34 distinct recipients, largest buyer Department of Agriculture. That is ONE buyer \u2014 federal procurement \u2014 not the private market, so it evidences that this work is paid for at scale, not what a private customer pays.",
    "source": "USASpending.gov \u2014 US federal government work, public domain"
   },
   {
    "code": "O3",
    "weight": 15,
    "status": "no producer",
    "predictive": "not backtested",
    "evidence": "No occupation in this industry's top eight matched the register. That is not evidence of being unlicensed.",
    "source": "CareerOneStop / ARC, U.S. Department of Labor"
   },
   {
    "code": "O4",
    "weight": 15,
    "status": "no producer",
    "predictive": "not backtested",
    "evidence": "No occupational data for this industry",
    "source": "BLS Occupational Employment and Wage Statistics"
   },
   {
    "code": "O5",
    "weight": 10,
    "status": "no producer",
    "predictive": "not backtested",
    "evidence": "Per-operator enforcement records exist for some jurisdictions but are not loaded against industries, only against named businesses.",
    "source": "none"
   },
   {
    "code": "O6",
    "weight": 10,
    "status": "partial",
    "predictive": "not backtested",
    "evidence": "Payroll is 25.7% of receipts industry-wide, across 429 firms. It falls from 67.2% in the smallest revenue band to 29.1% in the largest, which is the scale effect an operator is buying. This is LABOUR SHARE, not margin \u2014 Census publishes no cost of goods, so gross margin remains underivable and is not claimed. It is the largest single cost line in most service businesses and the first one a buyer tests against the seller's numbers.",
    "source": "US Census Statistics of U.S. Businesses 2022"
   },
   {
    "code": "O7",
    "weight": 10,
    "status": "evidenced",
    "predictive": "DESCRIPTIVE ONLY",
    "evidence": "1.0 establishments per firm in 2023 across 368 firms and 369 establishments: owner-operators \u2014 one firm, one site, so growth means working more hours. 30 firms closed entirely that year, an establishment exit rate of 9.341%.",
    "source": "US Census Business Dynamics Statistics \u2014 public domain"
   }
  ]
 },
 "sources": [
  "US Census CBP 2023",
  "BLS OEWS 2024",
  "CareerOneStop licence register 2024",
  "Census BDS 1978-2023",
  "USASpending 2021-2025"
 ],
 "gaps": [
  "licences in any state \u2014 no occupation in this industry matched a title in the national register. That may mean unlicensed, or licensed municipally, and the two are different findings.",
  "bonding_required_usd \u2014 no producer, and not estimated"
 ],
 "licence": {
  "federal_public_domain": "US Census, BLS and USASpending figures are works of the United States Government, public domain under 17 U.S.C. 105. Freely usable, redistributable and resaleable.",
  "occupational_licences": "Licence data derives from CareerOneStop, sponsored by the US Department of Labor, ETA. Supplied on condition it remains publicly available at no cost and without a log-in.",
  "our_analysis": "Rubrics, scoring, backtests and written analysis are 8th Wave Media LLC. The facts underneath them are not.",
  "not_advice": "Research against public records. Not investment, legal, tax or accounting advice, and no figure here is a prediction about your business."
 },
 "attribution": "RootOptics \u2014 ro.8thwavemedia.com"
}