Profit Margin
3.5%
Net income ÷ total receipts (IRS SOI)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 21
NAICS 21 · IRS SOI 2013 (C corp) · Census CBP 2023
Mining, Quarrying, and Oil and Gas Extraction - Industry Benchmarks
$115,081/yr average annual pay, with 684 SBA loans on record for NAICS 21.
- 3.5%
- Net margin
- 553K
- Workers employed
- $115,081/yr
- Avg payroll / employee
- $579M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 21
Mining, Quarrying, and Oil and Gas Extraction runs a 3.5% pre-tax net margin - below the national median - across 23K establishments employing 553K workers.
- 3.5%
- Pre-tax net margin (IRS SOI)
- 553K
- Workers employed (Census CBP)
- $115,081/yr
- Avg payroll / employee
- $579M
- SBA lending, FY20–26
Use Mining, Quarrying, and Oil and Gas Extraction's NAICS benchmark as a comparison point, not a forecast for one business.
Mining, Quarrying, and Oil and Gas Extraction 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 Mining, Quarrying, and Oil and Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction sits inside Mining, Quarrying, and Oil and Gas Extraction at a 3.5% net margin (below the national median), $519.2B in aggregate receipts across 35,603 returns, averaging $14.6B per establishment.
23,360 establishments employ 553,036 workers (23.7/location) at $115,081/yr average annual pay. Texas leads employment, followed by Louisiana and Oklahoma.
Mining, Quarrying, and Oil and Gas Extraction sits in the 5th percentile for employment and the 13th percentile for net margin among 2-digit NAICS industries with reported data.
Total Receipts
$519.2B
Annual revenue (IRS SOI)
Net Income
$18.2B
Pre-tax net income
Employment
553,036
Total employees (Census CBP)
Avg Payroll / Employee
$115,081/yr
Annual compensation
Establishments
23,360
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 45,013; establishment count increased by 180. 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 Mining, Quarrying, and Oil and Gas Extraction revenue goes
Workforce scale
Mining, Quarrying, and Oil and Gas Extraction margin vs national reference points
Mining, Quarrying, and Oil and Gas Extraction net margin 11.7%
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
35,603 returns
Margin: 3.5% · Receipts: $519.2B
Partnership SOI 2022
44,019 returns
Margin: 46.5% · Receipts: $300.0B
S Corporation SOI 2017
64,718 returns
Margin: 1.7% · Receipts: $82.1B
Sole Proprietorship SOI 2022
87,198 returns
Margin: 14.2% · Receipts: $11.7B
Financial Detail
- Total Tax Returns Filed
- 35,603
- Avg Receipts per Business
- $14.6B
- Annual Payroll (Total)
- $63.6B
- Avg Employees per Establishment
- 23.7
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Mining (except Oil and Gas) NAICS 212 | N/A |
| Oil and Gas Extraction NAICS 211 | 2.4% |
| Support Activities for Mining NAICS 213 | 7.1% |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 197,003 |
| Louisiana | 35,355 |
| Oklahoma | 33,467 |
| Pennsylvania | 21,964 |
| Colorado | 20,061 |
| West Virginia | 20,020 |
| North Dakota | 17,181 |
| New Mexico | 16,794 |
| California | 16,655 |
| Wyoming | 13,639 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
684
Total Loan Volume
$579M
Avg Loan Size
$846K
Jobs Supported
10,921
Program Breakdown
7(a) 634 (93%)
504 50 (7%)
Top SBA Lender
Western Commerce Bank
58 loans in this industry
New Business Share
26.5% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 98
2021 132
2022 113
2023 93
2024 94
2025 141
2026 13
Frequently Asked Questions
What is the average revenue for Mining, Quarrying, and Oil and Gas Extraction?
$519.2B in total annual receipts across all Mining, Quarrying, and Oil and Gas Extraction businesses. Average per business: $14.6B.
How profitable is Mining, Quarrying, and Oil and Gas Extraction?
3.5% net profit margin, below the national median.
How many businesses are in Mining, Quarrying, and Oil and Gas Extraction?
23,360 business establishments. Together they employ 553,036 workers.
What is the average payroll per employee in Mining, Quarrying, and Oil and Gas Extraction?
$115,081/yr average annual pay per employee. Businesses average 23.7 employees per establishment.
Which states have the most Mining, Quarrying, and Oil and Gas Extraction employment?
Texas leads with 197,003 workers. Louisiana (35,355) and Oklahoma (33,467) round out the top three.
How much SBA lending does Mining, Quarrying, and Oil and Gas Extraction receive?
Mining, Quarrying, and Oil and Gas Extraction businesses received 684 SBA loans totaling $579 million between FY2020 and FY2026. The average loan size was $846K. These loans supported 10,921 jobs at origination. Most lending (93%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Mining, Quarrying, and Oil and Gas Extraction, both at NAICS level 2 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Mining, Quarrying, and Oil and Gas Extraction ranks #18 of 19 U.S. industries at the 2-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #13 of 15 at that same detail level.
Similar reported net margin
Nearest peer industries by ABS(IRS pre-tax margin) (3.5% here).
Similar workforce scale
Nearest peer industries by ABS(Census employment) (553,036 here).
Read with this industry: Understanding profit margins by industry · Mining, Quarrying, and Oil and Gas Extraction · 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 21 · 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.