Industry insights and figures Construction

Operating margin
14.9 %
▼ -0.9pp
2022
Companies
379286
2023
Revenue growth (y/y)
0.0 %
2024Q4
Vacancies (sector)
0.0%
2025-Q4

Key insights Construction

Actionable signals from current data
DE
Average operating result: 14.9% of revenue (2022).
Personnel costs: 27.2% of revenue (2022).
Number of companies: 379,286 (2023).

Sector outlook Construction

Automated analytical commentary based on the most recent Eurostat figures

Industry overview

The Construction sector across Germany comprises approximately 382,005 enterprises employing about 2,460,625 people and generating €402.9 bn in net turnover in 2022. The average enterprise size is 7 employees per firm. This is a useful yardstick when assessing whether your own operation sits within the typical scale band of the sector.

Profitability

With a healthy operating margin of 14.9% of revenue in 2022, the sector reports €60.2 bn of gross operating surplus (Eurostat's EBITDA-equivalent, before depreciation). This figure provides the headline benchmark against which an individual operator can sanity-check their own bottom line, values significantly below indicate cost or pricing pressure, those above suggest competitive advantage worth defending.

Cost structure

The Construction cost mix is reasonably balanced: cost of revenue at 63.9%, personnel at 27.2% and energy at 1.9% of turnover. Without a single dominant cost driver, margin management requires attention across the full operating envelope rather than focus on any one line.

Productivity & human capital

Each employee in the Construction sector generates approximately €144,000 of net turnover against a labour cost of €30,000, yielding a productivity-to-cost ratio of 4.8. Value added per employee stands at €68,000 This is a headline figure to compare against individual firm performance when judging whether headcount is creating proportional value.

Trend & trajectory

Over the period 2010 to 2022 the operating margin moved from 10.0% to 14.9% (+4.9 percentage points), an encouraging upward trajectory. Sectors with stable or improving margins tend to reflect successful pass-through of input costs and disciplined capacity management; declining margins typically point to either over-supply or a structural cost squeeze that warrants strategic review.

Costs by category Construction

Sector average % of revenue
Log in to see the full 14-year history
Cost structure for Construction in DE, 2008 to 2022, expressed as percentage of revenue.
Revenue / costs 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2024
Total revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Personnel costs (total) 29.5% 27.3% 27.7% 27.6% 27.3% 27.6% 27.8% 27.9% 26.3% 27.4% 25.1% 27.1% 27.2%
Gross wages 23.1% 21.4% 21.6% 21.6% 21.4% 21.5% 21.8% 21.9% 20.6% 21.4% 19.5% 21.0% 21.3%
Social and pension contributions 6.4% 5.9% 6.0% 6.0% 5.9% 6.0% 6.0% 6.0% 5.7% 6.0% 5.5% 6.1% 5.9%
Energy 1.6% 1.9%
Other costs 60.5% 61.5% 62.6% 62.3% 62.5% 61.0% 59.5% 58.6% 59.3% 60.3% 62.5% 55.5% 56.0%
Gross operating surplus (EBITDA) 10.0% 11.1% 9.8% 10.0% 10.2% 11.4% 12.8% 13.5% 14.4% 12.3% 12.4% 15.9% 14.9%
Depreciation 2.9% 2.5% 2.4% 2.4% 2.2% 2.3% 2.3% 2.3% 2.1% 2.0% 1.9% 2.1% 2.1%
Operating result (EBIT) 7.1% 8.6% 7.4% 7.6% 8.0% 9.1% 10.5% 11.3% 12.3% 10.3% 10.5% 13.8% 12.8%

Source: Eurostat Structural Business Statistics (latest available year).

Per-employee benchmarks and capital intensity Construction

Revenue per employee
144€k
Labour cost per employee
30€k
Value added per employee
68€k
Labour productivity
61€k
Employees per firm
7
Investment rate
7.0%
Labour cost / value added
50.0%
Wage-adjusted productivity
137.0%

Average sector figures sourced from Eurostat. Use as a yardstick. Note your own ratios may differ by scale, mix and legal form.

Operating result over 13 years

Sector average % of revenue
Average
12.2%
Peak
15.88%
2021
Low
9.77%
2012
Latest
14.94%
2022

Cost mix evolution

How costs have shifted as a share of revenue

Cost distribution as % of revenue Construction (2022)

Recommended next steps

Based on the latest available data for Construction