Mining, Quarrying, and Oil and Gas Extraction ·NAICS 21232

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Unknown margin

Mining, Quarrying, and Oil and Gas Extraction — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Mining, Quarrying, and Oil and Gas Extraction (NAICS 21232). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Mining, Quarrying, and Oil and Gas Extraction (NAICS 21232) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 2,617 business establishments employing 36,740 workers nationwide.

Benchmarking Insights for Mining, Quarrying, and Oil and Gas Extraction

When you read the financial profile for Mining, Quarrying, and Oil and Gas Extraction, the number only becomes actionable when paired with scale. This industry sits inside the broader Mining, Quarrying, and Oil and Gas Extraction sector and reports N/A of aggregate annual receipts. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 2,617 active establishments employing 36,740 workers, averaging 14.0 employees per location and paying $80,554/yr per employee annually. Texas leads the geographic distribution of employment, with California and Wisconsin rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 113 loans worth $78 million between FY2020 and FY2025, supporting 1,106 jobs at origination. The average ticket size — $687K — signals the typical capital gap operators bridge when expanding. Northeast Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

N/A

Net income ÷ total receipts (IRS SOI)

Total Receipts

N/A

Annual revenue (IRS SOI)

Net Income

N/A

Pre-tax net income

Employment

36,740

Total employees (Census CBP)

Avg Payroll / Employee

$80,554/yr

Annual compensation

Establishments

2,617

Business locations

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Financial Detail

Total Tax Returns Filed
N/A
Total Deductions
N/A
Avg Receipts per Business
N/A
Annual Payroll (Total)
$3.0B
Avg Employees per Establishment
14.0

Sub-Industries

Industry Profit Margin
Mining, Quarrying, and Oil and Gas Extraction

NAICS 212321

N/A
Mining, Quarrying, and Oil and Gas Extraction

NAICS 212322

N/A
Mining, Quarrying, and Oil and Gas Extraction

NAICS 212324

N/A
Mining, Quarrying, and Oil and Gas Extraction

NAICS 212325

N/A

Top States by Employment

State Employment
Texas 5,266
California 2,634
Wisconsin 1,557
Ohio 1,170
Washington 1,110
Arizona 1,047
North Carolina 903
New York 878
Florida 861
Colorado 738

Showing top 10 of 50 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

113

FY2020–2025

Total Loan Volume

$78M

7(a) + 504 programs

Avg Loan Size

$687K

Per approved loan

Jobs Supported

1,106

Reported at origination

Program Breakdown

7(a) Loans 102 loans (90%)
504 Loans 11 loans (10%)

Top SBA Lender

Northeast Bank

19 loans in this industry

New Business Share

22.1% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
16 loans
FY2021
17 loans
FY2022
18 loans
FY2023
9 loans
FY2024
18 loans
FY2025
33 loans
FY2026
2 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Mining, Quarrying, and Oil and Gas Extraction?
Revenue data for Mining, Quarrying, and Oil and Gas Extraction (NAICS 21232) is not available in the current IRS SOI dataset.
How profitable is Mining, Quarrying, and Oil and Gas Extraction?
Profitability data for Mining, Quarrying, and Oil and Gas Extraction is not available in the current dataset.
How many businesses are in Mining, Quarrying, and Oil and Gas Extraction?
There are 2,617 business establishments in Mining, Quarrying, and Oil and Gas Extraction (NAICS 21232) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 36,740 workers.
What is the average payroll per employee in Mining, Quarrying, and Oil and Gas Extraction?
The average annual payroll per employee in Mining, Quarrying, and Oil and Gas Extraction is $80,554/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 14.0 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Mining, Quarrying, and Oil and Gas Extraction employment?
Texas leads in Mining, Quarrying, and Oil and Gas Extraction employment with 5,266 workers. California (2,634) and Wisconsin (1,557) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Mining, Quarrying, and Oil and Gas Extraction receive?
Mining, Quarrying, and Oil and Gas Extraction businesses received 113 SBA loans totaling $78 million between FY2020 and FY2025. The average loan size was $687K. These loans supported 1,106 jobs at origination. Most lending (90%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 21232 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025