Comparing Top 225 International Design Firms revenue from 2020 to 2021 reveals a market at times paralyzed by project risks. As rising construction costs, COVID-19 impacts and a stop-and-go supply chain kept owners second-guessing timelines and investments, Top 225 firms used market data to help rescope projects to improve cost certainty. The result is marginal gains in a market still sick with pandemic shutdowns.
As a group, the Top 225 firms’ revenue increased by .8%, from $67.14 billion to $67.65 billion in 2021. Consequently, median firm revenue also marginally rose from $47.5 million to $47.83 million. The percentage of design firms reporting a profit was up markedly from 89.4% to 96.7%, with 20 more firms sharing that data than previously.