| Metric | Finding |
|---|---|
| SBA FY2024 directory records analyzed | 18,940 |
| Unique prime-contractor entities (deduplicated) | 2,917 |
| SUBNet listings displayed on September 9, 2026 | 147 |
| SUBNet result pages reviewed | 15 |
| Numerical ratio | 19.8 primes per listing |
The ratio (2,917 ÷ 147 ≈ 19.8) does not mean 95% of federal primes failed to advertise subcontracting work. It shows how much larger the identifiable prime universe is than what appears on one public opportunity board at a single point in time.