Benchmarking studies provide essential performance metrics and emerging AI trends to help A&E firms navigate evolving market conditions
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the release of its 21st annual Architectural and Engineering Studies, which includes multi-year trends and insights based on a survey of industry participants. The two studies provide architecture and engineering (A&E) firms with essential benchmarking data and strategic guidance to support informed business decisions in an increasingly complex marketplace.
The studies provide comparative data across a range of key performance indicators – including utilization rates, billing multiples, overhead expenses and balance sheet metrics – while introducing new trends on artificial intelligence (AI) adoption within the A&E industry. This year’s data notes that despite a slight decline in profit levels in 2024, the average firm continues to achieve double-digit profitability. Additionally, compensation levels are returning to historical averages following several years of above-average growth.
“We extend our sincere thanks to all who participated in this year’s studies,” said David M. Sullivan, Jr., Partner and Leader of the Architecture & Engineering Practice at PKF O’Connor Davies. “Your insights provide a clear view of the challenges and opportunities shaping the industry today. We value the trusted relationships we’ve built with clients and industry experts and remain committed to helping firms strengthen performance and plan confidently for the future.”
Backed by decades of industry expertise, PKF O’Connor Davies’ dedicated A&E team delivers specialized advisory, tax and assurance services tailored to the unique challenges of the A&E industry. The firm’s professionals help clients optimize performance, manage growth and navigate an evolving business landscape with confidence.
Access PKF O’Connor Davies’ 21st Annual Architectural and Engineering Studies online. Professionals can also subscribe to the firm’s Architecture & Engineering e-newsletter at pkfod.com for the latest industry insights, events and resources for A&E firms.