Profit Margin
6.0%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3334
NAICS 3334 · IRS SOI 2013 (C corp) · Census CBP 2023
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing - Industry Benchmarks
$66,480/yr average annual pay, with 119 SBA loans on record for NAICS 3334.
- 6.0%
- Net margin
- 148K
- Workers employed
- $66,480/yr
- Avg payroll / employee
- $101M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 3334
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing runs a 6.0% pre-tax net margin - below the national median - across 2K establishments employing 148K workers.
- 6.0%
- Pre-tax net margin (IRS SOI)
- 148K
- Workers employed (Census CBP)
- $66,480/yr
- Avg payroll / employee
- $101M
- SBA lending, FY20–26
Use Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI 2013 (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing sits inside Manufacturing at a 6.0% net margin (below the national median), $38.8B in aggregate receipts across 1,033 returns, averaging $37.5B per establishment.
1,685 establishments employ 147,794 workers (87.7/location) at $66,480/yr average annual pay. Missouri leads employment, followed by Georgia and Oklahoma.
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing sits in the 42nd percentile for employment and the 61st percentile for net margin among 4-digit NAICS industries with reported data.
Total Receipts
$38.8B
Annual revenue (IRS SOI)
Net Income
$2.3B
Pre-tax net income
Employment
147,794
Total employees (Census CBP)
Avg Payroll / Employee
$66,480/yr
Annual compensation
Establishments
1,685
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,689; establishment count increased by 24. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Where each dollar of Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing revenue goes
Workforce scale
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing margin vs national reference points
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing net margin 19.9%
Cross-industry median (5%)
p25/median/p75 = 3%/5%/7%
Business Structure Breakdown
Per-entity IRS SOI tables at their own vintages, shares only when every row shares one year (never mix 2013/2017/2022 populations).
C Corporation SOI 2013
1,033 returns 100%
Margin: 6.0% · Receipts: $38.8B
Financial Detail
- Total Tax Returns Filed
- 1,033
- Avg Receipts per Business
- $37.5B
- Annual Payroll (Total)
- $9.8B
- Avg Employees per Establishment
- 87.7
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing NAICS 33341 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Missouri | 8,685 |
| Georgia | 8,392 |
| Oklahoma | 7,488 |
| North Carolina | 7,487 |
| California | 5,381 |
| Arkansas | 4,870 |
| Illinois | 4,841 |
| Indiana | 4,579 |
| Virginia | 3,575 |
| Michigan | 3,566 |
Showing top 10 of 45 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
119
Total Loan Volume
$101M
Avg Loan Size
$847K
Jobs Supported
1,507
Program Breakdown
7(a) 105 (88%)
504 14 (12%)
Top SBA Lender
Northeast Bank
10 loans in this industry
New Business Share
22.7% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 9
2021 15
2022 18
2023 24
2024 21
2025 27
2026 5
Frequently Asked Questions
What is the average revenue for Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing?
$38.8B in total annual receipts across all Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing businesses. Average per business: $37.5B.
How profitable is Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing?
6.0% net profit margin, below the national median.
How many businesses are in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing?
1,685 business establishments. Together they employ 147,794 workers.
What is the average payroll per employee in Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing?
$66,480/yr average annual pay per employee. Businesses average 87.7 employees per establishment.
Which states have the most Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing employment?
Missouri leads with 8,685 workers. Georgia (8,392) and Oklahoma (7,488) round out the top three.
How much SBA lending does Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing receive?
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing businesses received 119 SBA loans totaling $101 million between FY2020 and FY2026. The average loan size was $847K. These loans supported 1,507 jobs at origination. Most lending (88%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing ranks #149 of 259 U.S. industries at the 4-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #49 of 126 at that same detail level.
Similar reported net margin
Nearest peer industries by ABS(IRS pre-tax margin) (6.0% here).
Similar workforce scale
Nearest peer industries by ABS(Census employment) (147,794 here).
Read with this industry: Understanding profit margins by industry · Manufacturing · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 3334 · CBP 2023 · IRS SOI 2013
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.