Slow and steady is how the construction industry performed last year. The 60 top companies ranked on ENR New York’s 2018 Top Contractors list—all reporting more than $20 million in 2017 revenue from work in New York and New Jersey—generated a regional total of $26.17 billion. That’s 5.4% higher than last year’s ranking, when the 60 largest firms reported 2016 revenue of $24.83 billion.
A close look at the numbers shows mixed results for firms, with differences based on size and market sector. The top five firms in this year’s ranking managed to grow revenue by 8%, reporting $12.14 billion in revenue compared with $11.24 billion for that group last year. Regional revenue for the 50 largest contractors rose 7.3% to $25.75 billion from $24 billion last year, a clear slowdown from the 14.3% increase seen when comparing last year’s figure with the prior year’s total.