The Remodeling Big50 Class of 2016 has a lot to be proud of. Each member was interviewed and selected for doing something exciting in the field of remodeling. As part of the process, we ask for a lot of information from each of them, from salaries to subs, to figure out what makes a Big50 member tick. The data collected varies a lot based on what type of remodeling they specialize in, how big their company is, etc.
This year, we again took a look at profit vs. revenue, and unsurprisingly, the Big50 are all doing pretty well for themselves. The highest profit margin was 37%, with most companies hovering around a 10% margin.
Since there's a lot of variation between different types of firms, our charts can be customized to show you only the types of companies you're interested in; just click on a company type in the legend to remove it from the chart, which will automatically resize based on your selections.
A new chart this year is particularly relevant to remodelers. Big50 members are known for advancing the industry and having some of the best stealable ideas out there, and that goes hand-in-hand with providing quality work. To maintain that high level of quality, many of the Big50 maintain a tight relationship with subcontractors, something that's increasingly drawn the eye of the feds. The chart below shows how much this year's class pays to in-house employees (both field labor and sales commissions) against what they pay subs.
There are a few members of this year's Big50 that don't utilize subcontractors at all, keeping all employees in house to have the tightest possible control over work completed. Keeping all of the work in-house isn't viable for all remodelers, so having a tight relationship with subs makes sense, but make sure you aren't misclassifying your subcontractors.
To learn more about this year's Big50, take a look at the full list here.