The accounting services and consulting industry continues to expand, driven by improved economic growth over the last few years, improving equity markets, and a growing number of new businesses. At the same time, the industry continues to consolidate as the industry's largest players have also increasingly acquired smaller companies and made strategic purchases to increase their service offerings to include consulting services. Over the next five years, the industry is expected to continue to grow, driven by increased private investment, an increasing number of US businesses and higher activity in financial markets, including increases in initial public offerings and mergers and acquisitions activity.
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation