Every building needs a roof, which means every development project needs a roofing company. Roofing contractors install, repair, replace, alter, maintain, and repair roofs and skylights on residential, commercial, and industrial buildings.
Roofing contractors play a critical role in building development. That’s why the roofing contractor industry is a $50+ billion market, representing the largest market share in construction. There are nearly 80,000 roofing contractors in the US. The top commercial roofing contractors generate over a billion dollars in annual revenue.
Top 30 Roofing Companies
Two organizations monitor the who’s who in roofing—Engineering News-Record and Roofing Contractor Magazine. ENR highlights 20 top commercial roofing contractors in its annual ENR Top 600 Specialty Contractors report. Roofing Contractor publishes a yearly Top 100 Roofing Contractors list that recognizes residential, commercial, industrial, and institutional roofers.
It’s always interesting to see the differences between these lists, so we decided to take a deep dive to examine who’s really topping the ranks when it comes to the commercial side of roofing.
We identified 30 roofing contractors that generate over $50 million annually and made one or both of the most recent lists from ENR and Roofing Contractors Magazine. They don’t all have an exclusively commercial focus, but at least 80% of their revenue comes from commercial service lines.
So here’s our list of the top 30 commercial roofing companies in 2023.
6 Fastest-Growing Commercial Roofing Contractors to Watch
Out of all 30 of these roofing contractors, there are six that impressed us. These companies were recognized on both lists and experienced a minimum of 15% growth between 2021 and 2022. Given that the market declined by 7% in 2022, double-digit growth for multi-million dollar companies is pretty astounding.
The fastest growing $50M+ commercial roofing contractors are Greenwood Industries, Nations Roof, Roofing Solutions, Tecta America, Flynn, and Baker Roofing Company.
16 Must-Track Financial Metrics for Subcontractors
1. Greenwood Industries, Inc.
Headquarters: Worcester, MA
Revenue: $218 million
YOY Growth: 96%
Greenwood Industries is a privately held commercial roofing contractor with nine locations across the Northeastern US. It employs about 750 people and has 17 established union contracts. Greenwood Industries nearly doubled in size last year, clocking an impressive 96% revenue growth.
Services include new roof construction, roof replacement, roofing maintenance and repair, weatherproofing, and historic restoration. Greenwood possesses an exceptional commitment to success through its Performance Advantage™, providing two years of complimentary service to ensure that every roof the company installs performs to standard.
Learn more on Greenwood Industries’ website.
2. Nations Roof
Headquarters: Mobile, AL
Revenue: $394 million
YOY Growth: 69%
Nations Roof is a nationwide contractor with 34 locations from coast to coast. The company’s size is remarkable considering it launched as a three-person team less than two decades ago. Nations grew by 69% from 2021 to 2022 and expects to exceed $400 in revenue in 2023.
The contractor provides a wide range of commercial roofing services built to suit all needs and budgets. In addition to installation, replacements, and repair, Nations Roofing also offers 24/7 emergency services. It’s a green roofing expert with a specialized team of LEED-certified roofing experts.
Learn more on Nations Roof’s website.
3. Roofing Solutions, LLC
Headquarters: Baton Rouge, LA
Revenue: $90 million
YOY Growth: 48%
Roofing Solutions is a commercial roofing contractor fully licensed, bonded, and insured in 11 states, serving 75 cities across the Gulf Coast. It has seven locations across Louisiana, Alabama, and Mississippi. This is the smallest contractor on our list, still shy of the $100 million mark.
Roofing Solutions specializes in commercial roofing and wall panels of all shapes, sizes, and types. The company prides itself on long-term client relationships and building products that last. Being on the Gulf Coast, a large portion of its business comes from storm damage and leak repairs.
Learn more on Roofing Solutions’ website.
4. Tecta America Corp.
Headquarters: Chicago, IL
Revenue: $1.2 billion
YOY Growth: 26%
Tecta America is the largest roofing contractor in the US and is widely considered to be the nation’s leading commercial roofing company. Tecta has over 90 locations and employs more than 4,300 roofing professionals nationwide. It crossed the billion-dollar mark in 2022, making it one of just two roofing companies to generate over $1 billion in annual revenue.
Services range from new construction and roof replacements to waterproofing and coating, to repairs and preventative maintenance. Beyond these traditional roofing services, Tecta also offers TectaTracker—a roof asset management system built for facilities managers and property management companies.
Learn more on Tecta America’s website.
5. Flynn Group of Companies
Headquarters: Mississauga, Ontario
Revenue: $677 million
YOY Growth: 21%
Flynn started in 1978 as a small commercial roofing contractor in Canada. Today, it’s among the largest roofing companies in North America with 35 offices and 6,000 employees across Canada and the US. The company attributes its growth over the last four decades to a strong merger and acquisition strategy.
Roofing isn’t Flynn’s only business line. Its five business units include roofing systems, roofing service, waterproofing, architectural metals, and glazing and curtain walls. This contractor also made our list of the top glass and glazing construction companies.
Learn more on Flynn’s website.
6. Baker Roofing Company
Headquarters: Raleigh, NC
Revenue: $286 million
YOY Growth: 15%
Baker Roofing Company is one of the largest and oldest roofing contractors in the country. Founded in 1915, this third-generation family-owned contractor has one of the most respected reputations in the industry. Baker’s steady growth is driven by a deep commitment to always do good work.
About 90% of its revenue comes from commercial construction, with residential rounding out the other 10%. In addition to new roofing, Baker completes a lot of roof replacement and repair projects, which helps businesses in the Southeast recover from severe weather events.
Learn more on Baker Roofing’s website.
What Every Roofing Subcontractor Can Learn from These 6 Leaders
Industry leaders often leave a roadmap for others to follow. So what can smaller roofing contractors learn from these commercial giants?
There are a few commonalities we see in successful construction companies:
- They have a strong commitment to excellence. You can’t grow to be the best without doing quality work. Create an ethos across the company that customers can count on whether they’re talking to someone from the field or the back office.
- Don’t just build. While new construction is important, you need a complete service line that includes replacements, repairs, restorations, and maintenance.
- Be smart about your resources. Running a profitable construction company is hard. Because it takes so long to get paid in construction, you basically have to finance your growth. This means you need to get a grip on your financial forecast.
At Siteline, we work with some smart roofing contractors that are using our construction billing software to:
- Get paid up to three weeks faster
- Auto-generate and submit perfect pay apps in minutes
- Free up working capital to bid on more projects
- Gain greater visibility into their A/R, including cash forecasts, over/under billing, and billing projections
- Focus on pursuing work from the GCs who the fastest
If getting paid faster, freeing up working capital, and enabling efficiency across your PMs and back office would make a difference to your bottom line, take a look at Siteline. It’s built to help subcontractors take control of their cash flow.
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