Every year, Lawn & Landscape releases its State of the Industry report, highlighting projected trends and the financial health of the industry.
Last year, companies were bursting at the seams with work.
Yes, there were challenges like lack of labor and supply chain delays, but overall, business was good for those in the landscape and lawn care industry. The numbers this year are still solid, but the percentage of companies that made a profit declined.
This year, 79% said they turned a profit, while 87% said the same last year. As far as revenues, the mean increased to $1.29 million compared to $1.03 million in last year’s report. The median took a slight dip, falling to $273,000 — which was also the median revenue in our 2019 report — from $297,000.
It was not all doom-and-gloom in the green industry though. For the full report, click here.
Want to dive a little deeper into the report? Check out our webinar we hosted explaining more of our numbers by clicking here.
- Even with lack of labor to supply chain issues, some landscape and lawn care companies are still growing at an impressive pace. Click here to read more about the results with worries.
- Rising gas prices have become a concern, and contractors are trying their best to circumvent them. Click here to see why contractors are frustrated with fuel.
- The pandemic began well over a year ago. Where does that leave contractors today? Click here to see why uncertainty is still in bloom.
How does this stack up with last year?