Plumbers

Industry Description

The plumbing industry is used to safely transport liquids and gases throughout commercial and residential plumbing applications. The plumbing industry is part of the larger sector - construction. Demand shifts in construction generally impact the plumbing industry and result in a decline in plumbing opportunities for plumbers.

Plumbing is a system of pipes used to carry water from its source to the desired destination as well as removing waste and transporting it to local sewer systems. The two most common types of plumbing that use pipe, valves, and fittings include commercial and residential plumbing.

Commercial plumbing deals with complex pipe installations, repairs, and renovations in buildings and large housing complexes. This type of plumbing also includes the installation and maintenance of large waste removal and water supply systems.

Residential plumbing deals with home services such as waste, drain, and sewer lines as well as water heaters and plumbing fixtures. Residential plumbing also covers the outdoor plumbing needs of your home such as landscape irrigation and exterior drainage systems.

Benchmark Data

$1 Million - $5 Million Net Sales

  • MVIC/Sales: 0.44
  • MVIC/Gross Profit: 0.93
  • MVIC/SDE: 2.81
  • MVIC/EBITDA: 4.35

Statistics (Plumbers)

  • Number of Establishments: 125,206
  • Average Profit Margin: 4%
  • Revenue per Employee: $225,000
  • Average Number of Employees: 4.5
  • Average Wages per Employee: $60,336

Locations