Profit Margin
9.9%
Net income ÷ total receipts (IRS SOI)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 2122
NAICS 2122 · IRS SOI 2013 (C corp) · Census CBP 2023
Metal Ore Mining - Industry Benchmarks
4 SBA loans on record, $2M in volume, for NAICS 2122.
- 9.9%
- Net margin
- N/A
- Workers employed
- N/A
- Avg payroll / employee
- $2M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 2122
Metal Ore Mining runs a 9.9% pre-tax net margin - in line with the national median - across 337 establishments employing N/A workers.
- 9.9%
- Pre-tax net margin (IRS SOI)
- N/A
- Workers employed (Census CBP)
- N/A
- Avg payroll / employee
- $2M
- SBA lending, FY20–26
Use Metal Ore Mining's NAICS benchmark as a comparison point, not a forecast for one business.
Metal Ore Mining 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 Metal Ore Mining
Metal Ore Mining sits inside Mining, Quarrying, and Oil and Gas Extraction at a 9.9% net margin (in line with the national median), $61.1B in aggregate receipts across 1,146 returns, averaging $53.3B per establishment.
337 establishments employ N/A workers. Minnesota leads employment, followed by Alaska and Idaho.
Metal Ore Mining sits in the 86th percentile for net margin among 4-digit NAICS industries with reported data.
Total Receipts
$61.1B
Annual revenue (IRS SOI)
Net Income
$6.0B
Pre-tax net income
Employment
N/A
Total employees (Census CBP)
Avg Payroll / Employee
N/A
Annual compensation
Establishments
337
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
establishment count increased by 8. 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 Metal Ore Mining revenue goes
Metal Ore Mining margin vs national reference points
Metal Ore Mining net margin 32.9%
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
1,146 returns 100%
Margin: 9.9% · Receipts: $61.1B
Financial Detail
- Total Tax Returns Filed
- 1,146
- Avg Receipts per Business
- $53.3B
- Annual Payroll (Total)
- $4.4B
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Copper, Nickel, Lead, and Zinc Mining NAICS 21223 | N/A |
| Gold Ore and Silver Ore Mining NAICS 21222 | N/A |
| Iron Ore Mining NAICS 21221 | N/A |
| Other Metal Ore Mining NAICS 21229 | N/A |
Top States by Employment
Showing top 10 of 21 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
4
Total Loan Volume
$2M
Avg Loan Size
$525K
Jobs Supported
5
Program Breakdown
7(a) 4 (100%)
504 0 (0%)
Top SBA Lender
Wells Fargo Bank National Association
1 loans in this industry
New Business Share
25.0% of borrowers were new/startup businesses
Annual Lending Trend (3 yrs)
2021 2
2024 1
2025 1
Frequently Asked Questions
What is the average revenue for Metal Ore Mining?
$61.1B in total annual receipts across all Metal Ore Mining businesses. Average per business: $53.3B.
How profitable is Metal Ore Mining?
9.9% net profit margin, in line with the national median.
How many businesses are in Metal Ore Mining?
337 business establishments.
What is the average payroll per employee in Metal Ore Mining?
Average payroll data for Metal Ore Mining is not available in the current Census CBP dataset.
Which states have the most Metal Ore Mining employment?
Minnesota leads with 4,074 workers. Alaska (2,987) and Idaho (928) round out the top three.
How much SBA lending does Metal Ore Mining receive?
Metal Ore Mining businesses received 4 SBA loans totaling $2 million between FY2020 and FY2026. The average loan size was $525K. These loans supported 5 jobs at origination. Most lending (100%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Metal Ore Mining, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.
According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #18 of 126 at that same detail level.
Similar reported net margin
Nearest peer industries by ABS(IRS pre-tax margin) (9.9% 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 2122 · 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.