What are firmographics?

Firmographics are the descriptive attributes of a company: industry, employee count, revenue band, location, company type, founding year and industry classification codes. Firmographics are to companies what demographics are to people — the basis on which a B2B market is segmented.

Why it matters

Territories, routing rules and campaign audiences are built on firmographic fields. They are also the most stable part of a company record — an industry code changes far less often than a job title — which makes them a dependable key to segment on.

Where firmographics come from

  • Company registries and statutory filings, for legal name, registered address and company type.
  • The company's own website and careers pages, for locations and headcount indicators.
  • Public professional profiles, aggregated to estimate employee counts and departmental breakdowns.
  • Classification systems such as SIC and NAICS, applied so that one source's “software” and another's “technology” can be compared.

The common firmographic fields

Firmographic attributes, what each describes and what it is used for
AttributeWhat it describesWhat it is used for
Industry and sub-industryWhat the company doesSegmentation and territory design
Employee count and rangeHow large it isQualification and pricing tier
Revenue rangeWhat it turns overDeal-size expectation
Headquarters locationWhere it is basedTerritory and language routing
Company typePublic, private, non-profit or governmentProcurement path and cycle length
SIC / NAICS codeA standard classificationComparing records across sources

What to look for

  • Whether employee counts are self-reported, estimated or derived. The three disagree, sometimes widely.
  • Whether the record describes the legal entity or the operating group. A subsidiary and its parent are different companies with different budgets.
  • Which classification system the industry field uses, and whether it is the one your CRM already uses.
  • How often the record is refreshed. Headcount moves quietly, and nobody notices until routing sends an enterprise account to an SMB rep.

Related terms

Data enrichment — Firmographic fields appended to the company records you already hold.

Firmographics

Common questions

What is the difference between firmographics and demographics?

Demographics describe people — age, location, income. Firmographics describe organisations — industry, headcount, revenue, location. B2B segmentation runs mostly on firmographics, with person-level attributes such as role and seniority layered on top.

Are firmographics enough to build a target list?

They are enough to build the account list. Turning it into a contact list needs person-level attributes such as job function and seniority, and turning it into a prioritised list needs something about timing, which firmographics never carry.