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Products/Services Breakdown | ||
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2024 U.S. Industry Statistics & Market Forecast - Roofing Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Roofing Contractors:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The roofing contractors industry in recent years has faced numerous key trends. Environmental concerns have increased demand for roofing solutions that enhance energy efficiency, waste reduction, and eco-friendliness.Another significant trend in the roofing contractors industry is technological advancements. Innovative materials and equipment, such as drones, thermal imaging cameras, and robotics, have improved the efficiency and effectiveness of roofing projects.
The shortage of skilled labor is a growing concern in the roofing contractors industry. The aging workforce, the lack of formal training programs, and the competition for talent from other industries have resulted in a shortage of skilled workers, ultimately affecting the delivery of services.
In addition, the insurance industry is becoming more demanding regarding quality assurance standards and safety protocols in the roofing contractors industry. Regulatory oversight, insurance, and licensing requirements have become more stringent, resulting in the need for a more highly qualified workforce and compliance systems.
The increased demand for customization is another noticeable trend in the roofing contractors industry. Clients are increasingly demanding customized roofing solutions tailored to their specific needs and preferences.
Finally, the emergence of new trends in roofing designs, such as green roofs, metal roofing, and flat roofs, is expanding the industry's scope and opening opportunities for growth and innovation. The roofing contractors industry will likely continue to experience changes and shape their operations due to these trends.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Roofing Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Roofing Contractors industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Roofing Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 7% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 4% | |||
Business and Financial Operations Occupations | 5% | |||
Office and Administrative Support Occupations | 11% | |||
Construction and Extraction Occupations | 70% | |||
Supervisors of Construction and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
First-Line Supervisors of Construction Trades and Extraction Workers | 8% | |||
Construction Trades Workers | 59% | |||
Roofers | 51% | |||
Roofers | 51% |
Roofing Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Roofing Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Roofing Contractors industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Roofing Contractors industry. |
Source:
Innovation News
- Dec 05, 2023: Highland Commercial Roofing Socal trademarks "TAKE THE RISK OUT OF ROOFING" - Roofing consultation; Roofing contracting; Roofing services; Providing information relating to roofing installation and repair
- Dec 05, 2023: Highland Commercial Roofing Socal trademarks "ENGINEERED TO FIT YOUR BUILDING AND YOUR BUDGET" - Roofing consultation; Roofing contracting; Roofing services; Providing information relating to roofing installation and repair
- Dec 05, 2023: Highland Commercial Roofing Socal trademarks "ARE YOUR ASSETS COVERED?" - Roofing consultation; Roofing contracting; Roofing services; Providing information relating to roofing installation and repair
- Mar 02, 2023: Colorado Roofing Products patents Reinforced Roofing Shakes
- Aug 11, 2016: Colorado Roofing Products patents Polymeric Foam Product
Recent Federal Contracts for Roofing Contractors- Apr 02, 2024: CRS ROOFING SYSTEMS, LLC (Katy, TX) awarded $225,000
- Apr 02, 2024: NORMA ISABEL GUTIERREZ LOPEZ (Mexico, ) awarded $30,390
- Apr 01, 2024: PROW'ESS CONSTRUCTION CORP. (Springfield, IL) awarded $360,225
- Apr 01, 2024: BLUEFIN, LLC (Greenwood Village, CO) awarded $905,821
- Apr 01, 2024: ADVANCED LOGISTIC PARTNERS INC (Jarrettsville, MD) awarded $64,900
- Mar 29, 2024: KDA CONTRACTORS LLC (Itasca, IL) awarded $3,177,000
- Apr 02, 2024: CRS ROOFING SYSTEMS, LLC (Katy, TX) awarded $225,000
- Apr 02, 2024: NORMA ISABEL GUTIERREZ LOPEZ (Mexico, ) awarded $30,390
- Apr 01, 2024: PROW'ESS CONSTRUCTION CORP. (Springfield, IL) awarded $360,225
- Apr 01, 2024: BLUEFIN, LLC (Greenwood Village, CO) awarded $905,821
- Apr 01, 2024: ADVANCED LOGISTIC PARTNERS INC (Jarrettsville, MD) awarded $64,900
- Mar 29, 2024: KDA CONTRACTORS LLC (Itasca, IL) awarded $3,177,000
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