The 2023 edition of the NECA Financial Benchmarker Report is now available for purchase in the NECA Store. This is a detailed publication providing a comprehensible analysis of key financial data within the electrical construction industry. The Report allows contractors and financial professionals to evaluate their company’s performance and report on how it compares with the industry in regard to key ratios and interpretive commentary on liquidity, profitability, leverage, and efficiency.
With this publication, you can see if your company outperforms, performs in line with, or falls short of industry financial averages. It will also aid you in taking a deeper look into your operations to identify under-performing segments.
There are more benefits to having this resource than just comparing financial performance, as an industry standard, it can guide contractors through audits, claims, change order negotiation, or with a banker/bonding agent. Using the information and ratio analysis within this report, electrical contractors can determine the cause of changes in ratios over time. Industry averages of various ratios can be useful as a beginning benchmark for comparison purposes and as an indication of industry competition.
Please contact NECA Education at [email protected] with any questions.