Profit Margin
6.0%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3334
NAICS 3334 · IRS SOI 2023 · Census CBP
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 July 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
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.
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.
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%/8%
Business Structure Breakdown
How businesses in this industry are legally structured (IRS SOI)
C Corporation
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.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing reports a higher net margin than 58% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 42% of that same 259-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest reported net margins
Same NAICS detail level, ordered by the smallest difference in reported IRS pre-tax margin.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
- Net margin: 6.0% vs sector. Browse Manufacturing
- 1,685 establishments, 147,794 workers. Payroll benchmarks
- 119 SBA loans on record. SBA lending 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 · Data year: 2023
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.