Profits are the key “bottom line” metric that indicate how well your design firm is performing in the “business of doing business”. No matter how fantastic your engineering and design products, without a consistent track of profitable operations, your firm is headed rapidly in the direction of “going out of business”. Profit levels go up and profit levels go down, but how do you compare to your peers in the industry? Is your operating profit anywhere near the 12.3% achieved by the median firm? Did each of your project managers bring in $55,000 of profit last year? Many others did!
PSMJ's A/E Profitability Report gives you the data you need to benchmark your profits against the most relevant industry targets. You’ll get this vital profit data benchmarked against revenue, your staff size, number of project managers, and principals. In addition, you’ll be able to highlight how much profit you lost last year by calculating your operating profit deficits. And all of this data is reported separately by each of your peer groups—firm type, size, client, etc.