Armored Car Services Industry: Statistics, Forecasts, and Company Data
Armored Car Services - Market Size and Industry Forecast
The 2023 Armored Car Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the armored car services industry.
| Historical | Forecasted |
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
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Market Size (Total Revenue) | 
|
% Growth Rate |
Number of Companies |
Total Employees |
Average Revenue per Company |
Average Employees per Company |
Source: U.S. government financial data.Industry Revenue ($ Billions)

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Armored Car Services - Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Armored Car Services companies in the United States.
Armored Car Services Revenue by State

Distribution by Company Size
Company Size | All Industries | Armored Car Services |
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Small Business (< 5 Employees) | 
|
Small Business (5 - 20) |
Midsized Business (20 - 100) |
Large Business (100 - 500) |
Enterprise (> 500) |
Armored Car Services - Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent of Sales |
---|
Total Revenue | 
|
Operating Revenue |
Cost of Goods Sold (COGS) |
Gross Profit |
Operating Expenses |
Operating Income |
Non-Operating Income |
Earnings Before Interest and Taxes (EBIT) |
Interest Expense |
Earnings Before Taxes |
Income Tax |
Net Profit |
Average Income Statement

Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Armored Car Services - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
Financial Ratio | Industry Average |
---|
Profitability Ratios | 
|
Profit Margin |
ROE |
ROA |
Liquidity Ratios |
Current Ratio |
Quick Ratio |
Activity Ratios |
Average Collection Period |
Asset Turnover Ratio |
Receivables Turnover Ratio |
Inventory Conversion Ratio |
Armored Car Services - Product Mix
Product Description | Description | Revenue ($ Millions) |
---|
Industry total | 
|
Armored car services |
Armored car transportation of cash & valuables |
Other armored car services |
Automatic teller machine services |
All other operating receipts |
Security guard & patrol services |
Security guard & patrol services in buildings |
Cash handling & management products |
Armored Car Services - Compensation and Salary Surveys
Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 1% | 
|
Chief Executives | 0% |
General and Operations Managers | 1% |
Protective Service Occupations | 93% |
Other Protective Service Workers | 88% |
Security Guards and Gaming Surveillance Officers | 86% |
Security Guards | 86% |
Government Contracts
In the past, the federal government spent an annual total of
$4,935,760 on the armored car services industry. It has awarded 348 contracts to 50 companies, with an average value of $98,715 per company.
Armored Car Services and Adjacent Industries - Top Companies
Company | Address | Revenue ($ Millions) |
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