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Scale vs. efficiency

revenue against operating margin

Each point is a club: total revenue across the bottom, operating margin up the side. Clubs above the zero line are in surplus. Outliers beyond the 95th-percentile revenue are omitted.

Where the money is

median revenue by state

Median revenue

01Hawaii$11.4M

02New Jersey$9.2M

03Florida$7.8M

04Arizona$5.6M

05Utah$5.2M

06Connecticut$5.0M

States with fewer than 5 clubs omitted.

Map shading reflects the median club revenue per state — not the club count. Compare to the count map above to see where clubs are dense vs. where the individual clubs are wealthy.

BLTS  $29.2M  ▲4.1

STLC  $18.4M  ▲8.1

ESSX  $15.3M  ▲11.2

TRDN  $17.7M  ▼1.4

MRON  $17.0M  ▲5.2

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The American country-club market.

Where the clubs are

States by revenue

Revenue distribution

Movers

Median revenue over time

When America's clubs were built

We read every 990 soyou don’t have to.

Scale vs. efficiency

Where the money is

Read the filingsbefore the board does.

The American
country-club market.

We read every 990 so
you don’t have to.

Read the filings
before the board does.