2025 HVAC & Plumbing Contractors Industry Report

Industry Overview

This industry comprises establishments primarily engaged in installing and servicing plumbing, heating, and air-conditioning equipment. Contractors in this industry may provide both parts and labor when performing work. The work performed may include new work, additions, alterations, maintenance, and repairs. Illustrative Examples: Cooling tower installation Heating, ventilation, and air-conditioning (HVAC) contractors Duct work (e.g., cooling, dust collection, exhaust, heating, ventilation) installation Lawn sprinkler system installation Fire sprinkler system installation Mechanical contractors Fireplace, natural gas, installation Refrigeration system (e.g., commercial, industrial, scientific) installation Furnace installation Sewer hookup and connection, building
Source: U.S. Census Bureau

Market Size and Industry Forecast

The HVAC and Plumbing Contractors industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the HVAC & Plumbing Contractors industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for HVAC & Plumbing Contractors companies in the United States.

Distribution by Company Size

Company Size	All Industries	HVAC & Plumbing Contractors
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

HVAC & Plumbing Contractors Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

HVAC & Plumbing Contractors Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%
Chief Executives	0%
General and Operations Managers	2%
Office and Administrative Support Occupations	13%
Construction and Extraction Occupations	47%
Construction Trades Workers	40%
Pipelayers, Plumbers, Pipefitters, and Steamfitters	29%
Plumbers, Pipefitters, and Steamfitters	29%
Sheet Metal Workers	6%
Sheet Metal Workers	6%
Installation, Maintenance, and Repair Occupations	26%
Other Installation, Maintenance, and Repair Occupations	24%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers	21%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers	21%

Government Contracts

The federal government spent an annual total of $859,262,445 on the hvac & plumbing contractors industry. It has awarded 9,041 contracts to 2,350 companies, with an average value of $365,644 per company.

Top Companies in HVAC & Plumbing Contractors and Adjacent Industries

Company	Address	Revenue ($ Millions)