Every year, Lawn & Landscape releases its State of the Industry report, highlighting projected trends and the financial health of the industry.
Last year, companies posted strong results despite dealing with major headaches.
Landscapers across the country again reported growing revenue, profitability and expectations for more growth into 2023. One area that our survey showed a gigantic leap was the median revenue of landscaping companies. In last year’s report, you reported median revenue of $273,000. That jumped to a whopping $604,000 for 2021 revenue. This could have been caused by a number of factors, one being that a decent number of companies with less than $500,000 in revenue didn’t take the survey compared to last year. Was that because they were too busy to take the survey, or just not in business anymore either because they closed or were acquired? We’ll have to see how it plays out over the next few years.
As far as confidence, you aren’t as sure as you were last year that your business or the industry will grow. Ten percent weren’t confident at all in business growth, compared to 8% last year, while 8% are not at all confident in industry growth compared to 3% last year. On a positive note, 85% said they turned a profit compared to 79% in last year’s report.
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.
How does this stack up with last year?