Most Valuable NASCAR Teams | How Much They Generate Profit Each Year?

Most Valuable NASCAR Teams

Although Formula One has dominated the racing world quite impressively, NASCAR is still gaining the immense fan following for its high quality competitions. Many famous drivers including the likes of Kyle Busch, Cale Yarborough and Chase Elliott have been the part of racing event. Owing to huge fan base, brands attract toward the teams and players. Thus, sponsorships bring massive numbers besides the tournament’s prize money share. Here are the complete details about the top 10 most valuable NASCAR teams in 2023.

Top 10 Most Valuable NASCAR Teams In 2023

1 – Hendrick Motorsports: $315 Million

Some of the top racing stars like Rick Hendrick, Chase Elliott and Kyle Larson have played for Hendrick Motorsports in NASCAR and are the main reason for the huge popularity of the team. With the net worth of $315 million, they are holding the first position in the list. The annual revenue of the team is around $57.7 million and they are paying the average salary between a low of $129,730 to a high of $172,379.

2 – Joe Gibbs Racing: $250 Million

Having featured Christopher Bell, Martin Truex Jr. and Tony Stewart, Joe Gibbs Racing is also one of the wealthiest professional team in NASCAR. The major chunk of team’s net worth comes from the endorsements and merchandise sales. Moreover, some best performances also brings good figures to the bank. The collective net worth of Joe Gibbs Racing estimated is $250 million. While the annual revenue is $29 million.

3 – Stewart-Haas Racing: $165 Million

Having made debut in 2002, Stewart-Haas Racing is holding the record of winning 69 cup series and 22 Xfinity Series. Thus, they are among the most valuable NASCAR teams with the net worth of $165 million. Prize money share and sponsorship deals played a crucial role in this cause and bringing the annual revenue of $12.8 million. In return, the team is paying the average salary of $110,354 to the drivers.

4 – Richard Childress Racing: $132.8 Million

Richard Childress Racing is having the net worth of $132.8 million and major portion of this money comes from the marketing deals. Dale Earnhardt is the well-known face of RCR who has won the NASCAR’s Cup Series championship 6 times for the team. One of the main reason why Childress Racing is so much famous is that it earns a massive revenue of $33 million and is paying the average base salary of $161,073.

5 – Roush Fenway Racing: $83 Million

Currently competing in NASCAR Cup Series and Xfinity Series, Roush Fenway Racing is at number 5 in the list. Many big names of the racing world like Matt Kenseth, Mark Martin and Kurt Busch have played for the team. Having won 138 cup series and 137 Xfinity series, RFK Racing is one of the most successful team of stock racing history. The net worth of racing team is $83 million while annual revenue is $49.1 million.

6 – Team Penske: $76 Million

Played for the first time in 1996, Team Penske is the professional stock racing team which race in multiple racing tournaments including IndyCar, NASCAR Cup and Xfinity Series. Scott McLaughlin. Hélio Castroneves and Will Power are among the known faces of the team. Penske has won 41 drivers titles in NASCAR and has the net worth of $76 million. However, the annual revenue details are not revealed yet.

7 – Chip Ganassi Racing: $63 Million

Alexander Rossi and Graham Rahal are the biggest name who have competed ever for Chip Ganassi Racing team and the biggest reason of huge merchandise sales. The estimated net worth of the racing team is $63 million and they are present at number 7 in the list of most valuable NASCAR teams. After debuting in 1990, they have won 27 Cup Series and 22 Xfinity Series besides the IndyCar racing record.

8 – Richard Petty Motorsports: $29 Million

Appeared in NASCAR Cup Series in 2009 for the first time, Richard Petty Motorsports has assembled the net worth of $29 million from the sponsorships deals and prize money shares. They are among the most marketable team and generating annual revenue up to $20 million. Bill Elliott, Kasey Kahne, Marcos Ambrose and Jeremy Mayfield are the drivers who received much fame while playing for the team.

9 – Furniture Row Racing: $24 Million

With 18 Cup Series titles, Furniture Row Racing is receiving big money from sponsorship deals. Also the merchandise sales of big drivers like Carl Edwards, Kenny Wallace and Jimmy Spencer bring huge amount to the team’s balance. The net worth of Future Row Racing is $24 million while the annual revenue is not revealed yet.

10 – JR Motorsports: $22 Million

The American professional stock cars racing team JR Motorsports is generating the annual revenue of $18.8 million. The collective net worth of $22 million put it on number 10 in the list of most valuable NASCAR teams. JR Motorsports has won the Xfinity Series races at 73 occasions and is among the teams with highest winning percentage.

Top 10 Most Valuable NASCAR Teams In 2023

#No.TeamsNet WorthAnnual Revenue
1Hendrick Motorsports$315 million$57.7 million
2Joe Gibbs Racing$250 million$29 million
3Stewart-Haas Racing$165 million$12.8 million
4Richard Childress Racing$132.8 million$33 million
5Roush Fenway Racing$83 million$49.1 million
6Team Penske$76 millionNot Revealed
7Chip Ganassi Racing$63 millionNot Revealed
8Richard Petty Motorsports$29 million$20 million
9Furniture Row Racing$24 millionNot Revealed
10JR Motorsports$22 million$18.8 million

All these are the details about the top 10 most valuable NASCAR teams in 2023. If there is any change, we will make them available here. Stay tuned for more information!