Profit Margin
9.9%
Net income ÷ total receipts (IRS SOI)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 2122
NAICS 2122 · IRS SOI 2023 · Census CBP
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 July 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
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.
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.
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%/8%
Business Structure Breakdown
How businesses in this industry are legally structured (IRS SOI)
C Corporation
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.
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: Metal Ore Mining reports a higher net margin than 83% of the 126 IRS-tracked industries at the same NAICS detail level. 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.
Benchmarking Metal Ore Mining
- Net margin: 9.9% vs sector. Browse Mining, Quarrying, and Oil and Gas Extraction
- 337 establishments, N/A 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 2122 · 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.