Consolidation continues in the AEC industry with nearly 20 transactions announced in May. As one barometer for industry consolidation, over the last 10 years, 8 of ENR's 2008 Top 20 Design Firms have since been acquired.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants