Observed roofing financial findings

What Odyssey Apex has found.

Observed financial findings across 20 roofing companies using QuickBooks Online.

20roofing companies

$124.5Mannual revenue analyzed

$4.5Mdeduplicated money surfaced

$138,850median surfaced

Results vary by company. Surfaced does not mean recovered or collected. Read the methodology.

Distribution

This was not one giant outlier.

$100K or more surfaced14 of 20

$200K or more surfaced8 of 20

Smallest observed finding$24,600

Largest observed finding$1.0M

Under $50K3 companies

$50K to $100K3 companies

$100K to $200K6 companies

$200K to $500K5 companies

$500K or more3 companies

Anonymized findings

STORM ROOFER$213,800surfaced from $3.1M annual revenue6.9% of revenue

REGIONAL ROOFER$636,800surfaced from $14.2M annual revenue4.5% of revenue

COMMERCIAL ROOFER$212,300surfaced from $9.4M annual revenueObserved across commercial records

REGIONAL ROOFER$1.0Msurfaced from $19.5M annual revenue5.3% of revenue

OBSERVED SEGMENTS

The current dataset is still small, so these are observations rather than causal claims.

50 PERCENT OR MORE INSURANCE

Observed across 12 companies, with an average of about $313,000 per company and weighted surfaced to revenue of about 4.5 percent.

BELOW 50 PERCENT INSURANCE

Observed across eight companies, with weighted surfaced to revenue of about 1.8 percent.

DATA BOUNDARY

Company size, mix, bookkeeping quality, and other factors can affect the result. The segment is descriptive only.

Your books are the next dataset

$297 monthly. Read only by default. One subscription per QuickBooks company.