Financial benchmarking

Financial benchmarking involves comparing a company's financial performance metrics—such as revenue, profit margins, or expenses—against those of similar organizations or industry standards. This process helps identify areas of strength and opportunities for improvement by highlighting how well a company is doing relative to its peers. The goal is to analyze these comparisons to inform strategic decisions, optimize operations, and improve overall financial health. Essentially, it's a way for a company to measure its financial performance objectively and learn from industry best practices.