Hendrick Motorsports tops Forbes Magazine’s annual list of the most valuable teams in NASCAR.
Forbes estimates the worth of the organization at $350 million. HMS driver Jimmie Johnson won his NASCAR record-tying seventh championship in the Monster Energy NASCAR Cup Series last November.
HMS has won 12 Cup series titles (Johnson has seven, Jeff Gordon won four and Terry Labonte one) and amassed 240 victories in the Cup series since its inception.
The organization will field four Cup teams in Sunday’s season-opening Daytona 500 – Johnson, Chase Elliott, Dale Earnhardt Jr. and Kasey Kahne.
Joe Gibbs Racing ranked second in the list, with an estimated worth of $225 million and Stewart-Haas Racing, which changed its manufacturer alliance from Chevrolet to Ford in the offseason, came in at third at $180 million.
According to Forbes, the sport’s 10 most valuable teams are now worth an average $137 million, down seven percent from last year. Last season, those same teams earned $50 million in pre-tax profit on a collective $864 million in revenue. The year before profits were $75 million.
The full list can be found here.