Big Tech is running several times the EBITDA of Big Chemical.

Had a hunch. Asked Gemini to confirm it. See the chart below.

I wanted to see five years of EBITDA for the biggest software companies and the biggest chemical companies.

Numbers should still be verified. The trend feels right.

Software margins keep widening. Chemical producers and distributors have watched theirs compress (outside of the current inflation run).

Some of the gap is commodity cycles, tariffs, energy, etc.

One overlooked expense is the software bill.

Every ERP renewal, every CRM seat, every analytics platform, every AI pilot is now a subscription. The line item never goes away. It grows.

That is what AI is good for right now.

Take a question you have been sitting on about your industry, your customers, your operations.

Ask.

You will know in minutes whether your gut was right.