North America's roofing contractors are operating in interesting times. While roof demand continues to be strong, some roofers still feel pinched by lingering inflation, changes in the insurance landscape and limited availability of new workers. Those factors, and others, will undoubtedly impact the marketplace for the remainder of 2024 and beyond, but hundreds of roofing enterprises are finding pathways to success.
This year, the RC team again collected 2023 annual sales revenue data submitted independently by roofing contractors from coast to coast, and there were a lot of success stories. There were so many that we had to expand the list due to the overwhelming response. That may allow a few more deserving roofing companies to join the process, but it didn’t impact the Top 10.
This year’s top tier of roofing contractors had revenue between $1.4 billion and $258 million, accounting for roughly 16,000 roofing workers.
Tecta America and CentiMark Corporation again top the list in the first and second spots, respectively. While continuing to drive sales and build a nationwide backlog of work, Tecta America follows a deliberate strategy to increase revenue: acquiring successful roofing operations.
“Private equity has moved into the roofing space in a big way and is very active,” said CEO Dave Reginelli. “We have a proven and predictable acquisition model and process. So, we’re talking to a lot more people on the front end, but you know what gets through our funnel? It’s pretty much the same high-quality companies that we’re always interested in.”
Residential roofing juggernaut Erie Home, based in Toledo, Ohio, reported the highest earnings among residential roofing contractors at more than $525 million, good for spot #3. Perennial Top 10 member and 2016 Commercial Roofing Contractor of the Year, Baker Roofing returned to the #7 spot on the list, reporting more than $320 million in annual revenue.
Legacy Restoration of Plymouth, Minn., reporting $258.6 million in 2023, tops off the upper section of this year's list. While the complete list is set to publish in August, enjoy this sneak peak of the best of the best — the Top 10 roofing companies occupying the top tier of this year’s Top 100.
