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The Construction CFO SCHEDULE A FREE CALL
STRUCTURAL CLUSTER · BENCHMARK

MASONRY CONTRACTOR GROSS MARGIN BENCHMARKS.

QUICK ANSWER

Commercial masonry subcontractors typically run 21% to 22% gross margin at $1M to $5M and 23% to 24% at $5M to $10M. The Construction CFO targets the upper end of that range, not by cutting price, but by production is priced to real units-laid-per-day rates, with scaffold and access on their own line.

Gross margin is where a masonry subcontractor either has room to cover overhead and profit or does not. The benchmark below shows where a masonry sub should land by revenue band, the three reasons the number slips when it slips, and what to check first. Masonry margin lives in units laid per mason per day, and most bids assume a rate the crew rarely hits once you count layout, cutting, cleaning, and weather. Scaffold and access get folded into the unit price instead of billed separately, so when a job runs tall or tight the labor burns hours the estimate never carried. Pricing to honest production and breaking out access is the biggest masonry margin lever.

BY JOSH LUEBKER Published: February 2026 Updated: June 2026
THE HEADLINE NUMBERS
Gross Margin Target
21–24%
Healthy range at $1M to $10M
Net Profit Target
12%
CFOS target after real overhead
Overhead Rate
12–14%
Of revenue, recovered in bids

Masonry subcontractors at $1M to $5M typically run 21% to 22% gross margin while netting 5.5% to 8.5%. The Construction CFO targets 12% net by fixing the cost structure underneath the margin, not by underbidding the work.

How it is calculated: Gross margin is revenue minus direct job cost (material, labor, equipment, and direct job expense), divided by revenue. It is the number that has to cover all overhead before any of it becomes profit. Track it per project and per phase, not just company-wide.

THE BENCHMARKS

MASONRY BENCHMARKS: WHERE YOU SHOULD BE.

METRIC INDUSTRY LOW SPM TARGET STRONG NOTES
Gross Margin 17% 21–24% 26%+ Production is priced to real units-laid-per-day rates, with scaffold and access on their own line
Net Profit Margin 4% 12% 13% After real overhead is loaded into every bid; the number that says the business works
Overhead Rate 30% 12–14% 9% Lower is better; most subs assume 10% and run far higher
Days Sales Outstanding 75 45 30 Retention and pay-app timing hold the last slice longest
Working Capital Ratio 1.1 1.5 2.0 Material and mobilization hit before the first billing event
WHY THE NUMBERS VARY

WHAT MOVES THE MASONRY MARGIN.

WHY GROSS MARGIN VARIES

Production rate and scaffold drive the margin.

Masonry margin lives in units laid per mason per day, and most bids assume a rate the crew rarely hits once you count layout, cutting, cleaning, and weather. Scaffold and access get folded into the unit price instead of billed separately, so when a job runs tall or tight the labor burns hours the estimate never carried. Pricing to honest production and breaking out access is the biggest masonry margin lever.

WHAT DRIVES ABOVE-BENCHMARK PERFORMANCE

Production is tracked weekly and access is billed.

Top masonry subs track labor in units and hours against the estimate every week, price scaffold and swing access as their own SOV line, and document weather standby as a change condition instead of eating it. They fund a cleaning and patch reserve in overhead. That discipline separates a 26% gross margin from a 19% one on the same wall.

WHAT TO DO IF YOU ARE BELOW BENCHMARK

Check production rates, the access line, and overhead.

If masonry margin is under 23%, look at whether labor is tracked against real units-per-day rates, whether scaffold and access are billed as their own line, and what your real overhead actually is once every cost is loaded. Most subs assume 10% overhead and run far higher, and that gap is the missing margin.

PRICING

FLAT MONTHLY FEE. NO SURPRISES.

Two tiers based on trailing 12-month revenue. No hourly billing. No payroll. No add-ons. Everything included in the flat monthly fee.

RevenueCore FinancialExecutive Financial
Under $1M$1,900/mo$2,900/mo
$1M–$3M$2,600/mo$3,600/mo
$4M–$6M$3,800/mo$5,500/mo
$7M–$9M$5,100/mo$6,900/mo
$10M–$12M$6,100/mo$8,500/mo
$13M+QuotedQuoted

ControlQore billed separately at ~$100/month per $1M in revenue. SPM does not handle payroll.

What's Included →
COMMON QUESTIONS

FREQUENTLY ASKED.

Commercial masonry subcontractors typically run 21% to 22% gross margin at $1M to $5M and 23% to 24% at $5M to $10M. The Construction CFO targets the upper end by production is priced to real units-laid-per-day rates, with scaffold and access on their own line. Gross margin is what covers all overhead before any of it becomes profit.
If masonry margin is under 23%, look at whether labor is tracked against real units-per-day rates, whether scaffold and access are billed as their own line, and what your real overhead actually is once every cost is loaded. Most subs assume 10% overhead and run far higher, and that gap is the missing margin.
The Construction CFO rebuilds the overhead rate from your actual financials, aligns job cost codes to your estimate so cost is tracked by phase, and reviews weekly variance against the estimate. Core Financial starts at $1,900/month, fully operational in 60 days.
Josh Luebker, The Construction CFO
Josh Luebker
Fractional CFO · The Construction CFO

Former commercial construction project manager and master electrician. Managed 150+ projects totaling $2.1B+ in contract value, with individual jobs from $50,000 to $300M, including data centers, military bases, hospitals, and airport runways. Now fractional CFO for commercial subcontractors doing $1M–$12M through Sulphur Prairie Management. About Josh →  |  LinkedIn →

$2.1M+
Client AR Recovered Since 2023
24
Active Trade Specializations
60 DAYS
Average Onboarding Time
RELATED RESOURCES
CFOS MODULE
Job Profitability System
Why jobs look profitable but lose money, and how CFOS shows the truth by phase.
TRADE OS
Masonry Operating System
The full CFOS architecture for masonry subs, why this trade runs out of cash and how CFOS fixes it.
BENCHMARK
Trade Benchmarking System
How SPM sets and tracks margin, overhead, and net profit targets across all 24 trades.
SYSTEM CONNECTIONS
CFOS SPINE + MODULES
Run on CFOS · Full System Index Job Profitability System Trade Benchmarking System Cash Control System
RELATED READING
Masonry Operating System Markup vs Margin Gross Profit Margin Benchmarks
SERVICE LAYER
Fractional CFO for Construction Construction Bookkeeping Construction Controllership

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Josh Luebker, The Construction CFO
JOSH LUEBKER
FOUNDER & CFO

Master electrician and former project manager, 150+ projects and $2.1B+ in commercial work. Now runs the numbers for subcontractors instead of standing on the job site.

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Stewart Bohrer, The Construction CFO
STEWART BOHRER
VP OF OPERATIONS

Keeps the system running day to day: job costing, WIP, monthly financial reviews, and the follow-through between calls. Josh handles onboarding.

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