Profit Margin
-11.8%
Net income ÷ total receipts (IRS SOI)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 2121
NAICS 2121 · IRS SOI 2023 · Census CBP
Coal Mining - Industry Benchmarks
$106,318/yr average annual pay, with 4 SBA loans on record for NAICS 2121.
- -11.8%
- Net margin
- 42K
- Workers employed
- $106,318/yr
- Avg payroll / employee
- $7M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 2121
Coal Mining runs a -11.8% pre-tax net margin - significantly below average, typical of high-volume, low-margin sectors - across 491 establishments employing 42K workers.
- -11.8%
- Pre-tax net margin (IRS SOI)
- 42K
- Workers employed (Census CBP)
- $106,318/yr
- Avg payroll / employee
- $7M
- SBA lending, FY20–26
Benchmarking Insights for Coal Mining
Coal Mining sits inside Mining, Quarrying, and Oil and Gas Extraction at a -11.8% net margin (significantly below average, typical of high-volume, low-margin sectors), $30.0B in aggregate receipts across 996 returns, averaging $30.1B per establishment.
491 establishments employ 42,347 workers (86.3/location) at $106,318/yr average annual pay. West Virginia leads employment, followed by Wyoming and Indiana.
Total Receipts
$30.0B
Annual revenue (IRS SOI)
Net Income
$-3534065000
Pre-tax net income
Employment
42,347
Total employees (Census CBP)
Avg Payroll / Employee
$106,318/yr
Annual compensation
Establishments
491
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,506; establishment count decreased by 10. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Coal Mining revenue goes
Workforce scale
Coal Mining margin vs national reference points
Coal Mining net margin 0.0%
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
996 returns 100%
Margin: -11.8% · Receipts: $30.0B
Financial Detail
- Total Tax Returns Filed
- 996
- Avg Receipts per Business
- $30.1B
- Annual Payroll (Total)
- $4.5B
- Avg Employees per Establishment
- 86.3
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Coal Mining NAICS 21211 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| West Virginia | 13,109 |
| Wyoming | 4,030 |
| Indiana | 2,285 |
| Alabama | 2,251 |
| Colorado | 1,113 |
| Texas | 990 |
Showing top 10 of 19 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
4
Total Loan Volume
$7M
Avg Loan Size
$1663K
Jobs Supported
384
Program Breakdown
7(a) 4 (100%)
504 0 (0%)
Top SBA Lender
US Eagle FCU
1 loans in this industry
New Business Share
25.0% of borrowers were new/startup businesses
Annual Lending Trend (3 yrs)
2021 1
2022 2
2023 1
Frequently Asked Questions
What is the average revenue for Coal Mining?
$30.0B in total annual receipts across all Coal Mining businesses. Average per business: $30.1B.
How profitable is Coal Mining?
-11.8% net profit margin, significantly below average, typical of high-volume, low-margin sectors.
How many businesses are in Coal Mining?
491 business establishments. Together they employ 42,347 workers.
What is the average payroll per employee in Coal Mining?
$106,318/yr average annual pay per employee. Businesses average 86.3 employees per establishment.
Which states have the most Coal Mining employment?
West Virginia leads with 13,109 workers. Wyoming (4,030) and Indiana (2,285) round out the top three.
How much SBA lending does Coal Mining receive?
Coal Mining businesses received 4 SBA loans totaling $7 million between FY2020 and FY2026. The average loan size was $1663K. These loans supported 384 jobs at origination. Most lending (100%) 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: Coal Mining reports a higher net margin than 1% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 16% 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 Coal Mining
- Net margin: -11.8% vs sector. Browse Mining, Quarrying, and Oil and Gas Extraction
- 491 establishments, 42,347 workers. Payroll benchmarks
- 4 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 2121 · 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.