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2024 U.S. Industry Statistics & Market Forecast - Septic Tank and Related Services
Market Size & Industry Statistics
The total U.S. industry market size for Septic Tank and Related Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Septic Tank and Related Services industry include:- Increasing environmental regulations
- Rising demand for sustainable and eco-friendly waste management solutions
- Technological advancements in septic systems
- Urbanization and infrastructure development
- Growing awareness and preference for regular maintenance services
- Introduction of additives and innovative treatment solutions
- Impact of climate change on septic system efficiency
- Shifts in local zoning laws and building codes
- Fluctuations in the residential and commercial construction markets
- Expansion of services to include recycling and green technology options
Product & Services Breakdown
Research products and services in the Septic Tank and Related Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Other Non-Hazardous Waste Collection Services |
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Waste Holding And Drain Facilities, Cleaning And Maintenance Services |
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Septic Tank Maintenance Services |
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Portable Toilets Rental Services |
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All Other Non-Hazardous Waste Collection Services, Including Snowplowing Services |
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Non-Hazardous Waste And Recyclable Material Transportation Services |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Septic Tank and Related Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Septic Tank and Related Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Septic Tank and Related Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 6% | |||
| Business Operations Specialists | 5% | |||
| Office and Administrative Support Occupations | 12% | |||
| Construction and Extraction Occupations | 41% | |||
| Supervisors of Construction and Extraction Workers | 6% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 6% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 6% | |||
| Construction Trades Workers | 8% | |||
| Other Construction and Related Workers | 27% | |||
| Hazardous Materials Removal Workers | 18% | |||
| Hazardous Materials Removal Workers | 18% | |||
| Septic Tank Servicers and Sewer Pipe Cleaners | 9% | |||
| Septic Tank Servicers and Sewer Pipe Cleaners | 9% | |||
| Transportation and Material Moving Occupations | 19% | |||
| Motor Vehicle Operators | 7% | |||
| Driver/Sales Workers and Truck Drivers | 7% | |||
| Heavy and Tractor-Trailer Truck Drivers | 6% | |||
| Material Moving Workers | 10% | |||
| Laborers and Material Movers | 7% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Septic Tank and Related Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Septic Tank and Related Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Septic Tank and Related Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Septic Tank and Related Services industry. |
Source:
Innovation News
- Sep 12, 2023: WM. H. Wilson Enterprises trademarks "WILSON SERVICES SINCE 1955" - Plumbing; Electrical contracting; General construction contracting; Maintaining septic systems; Septic tank pumping and cleaning; Installing septic tanks
- Feb 07, 2023: United Site Services of California trademarks "EASY SAFE USS CLEAN" - Rental of power-generating equipment; waste processing
- Jan 09, 2023: Duck Duck Rooter trademarks "STUCK? CALL THE DUCK!" - Plumbing services; Septic tank cleaning; Septic tank pumping and cleaning; Installing septic fields; Installing septic tanks; Maintaining septic systems; Pumping septic tanks
Recent Federal Contracts for Septic Tank and Related Services
- Apr 02, 2024: FALETTI CONSTRUCTION LLC (Herriman, UT) awarded $90,000
- Apr 02, 2024: WASTE CONNECTIONS OF ALASKA, INC. (Anchorage, AK) awarded $6,457
- Apr 02, 2024: BIG VALLEY SANITATION, INC. (Redding, CA) awarded $24,990
- Apr 02, 2024: CHAMBERLIN & WINGERT SANITARY SERVICES LLC (Shippensburg, PA) awarded $71,455
- Apr 01, 2024: AGSA ASSOCIATES LLC (Eatontown, NJ) awarded $10,147
- Apr 01, 2024: 505 PORTABLE RESTROOMS AND PUMPING, LLC (Albuquerque, NM) awarded $26,750
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