Finish Carpentry Contractors Revenue Benchmarks

How much does the average finish carpentry business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$935K

per year

💰

Profit Margin

7.0%

industry average

📈

Revenue / Employee

$183K

per year

👤

Total Businesses

31,618

in the US

🏢

Est. Owner Income

$65K

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

9.5

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$219K
5-9 employees
$994K
10-19 employees
$2.3M
20-99 employees
$7.4M
100-499 employees
$30.6M
500+ employees
$73.3M

🏆 Highest Revenue States

1.Nevada$2.1M avg2.Hawaii$1.8M avg3.Maryland$1.6M avg4.Arizona$1.6M avg5.California$1.4M avg6.Texas$1.3M avg7.Pennsylvania$1.3M avg8.Rhode Island$1.2M avg9.Missouri$1.2M avg10.Wisconsin$1.1M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

12.52%

openings/year

Closure Rate

12.01%

closings/year

Net Job Growth

+0.76%

annual

Businesses Closed

11,043

in 2023

Firm Count Trend

19
20
21
22
23
103,117 firms109,078 firms

💡 Should You Start a Finish Carpentry Business?

Startup Cost

$25K – $150K

Break-Even

16 months

5-Year Survival Rate

52.0%

🆚 Related Industries

Residential Remodelers$581KPlumbing, Heating, and Air-Conditioning Contractors$2.4MElectrical Contractors and Other Wiring Installation Contractors$2.7MNew Single-Family Housing Construction (except For-Sale Builders)$766KSite Preparation Contractors$2.5M

Compare Finish Carpentry Contractors revenue with other industries:

vs Residentialvs Plumbing,vs Electrical