Employment
1,565
Total employees (Census CBP)
Utilities ·NAICS 221116
NAICS 221116 · IRS SOI (C corp) · Census CBP 2023
Geothermal Electric Power Generation - Industry Benchmarks
$127,334/yr average annual pay, with 1 SBA loans on record for NAICS 221116.
- -1.3%
- Utilities sector margin
- 2K
- Workers employed
- $127,334/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 221116
Utah leads Geothermal Electric Power Generation activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Utilities sector runs a -1.3% net margin.
- -1.3%
- Utilities sector margin (IRS SOI)
- 2K
- Workers employed (Census CBP)
- $127,334/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Use Geothermal Electric Power Generation's NAICS benchmark as a comparison point, not a forecast for one business.
Geothermal Electric Power Generation 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 (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Geothermal Electric Power Generation
Geothermal Electric Power Generation sits inside Utilities, a sector that runs a -1.3% net margin overall.
48 establishments employ 1,565 workers (32.6/location) at $127,334/yr average annual pay. Utah leads employment.
Geothermal Electric Power Generation sits in the 1st percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$127,334/yr
Annual compensation
Establishments
48
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 230; establishment count increased by 4. 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)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $199.3M
- Avg Employees per Establishment
- 32.6
Top States by Employment
| State | Employment |
|---|---|
| Utah | 72 |
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
1
Total Loan Volume
$0M
Avg Loan Size
$150K
Jobs Supported
3
Program Breakdown
7(a) 1 (100%)
504 0 (0%)
Top SBA Lender
First Bank of the Lake
1 loans in this industry
New Business Share
0.0% of borrowers were new/startup businesses
Frequently Asked Questions
How profitable is Geothermal Electric Power Generation?
IRS SOI doesn't publish margin data at the NAICS 221116 level. Utah leads this industry nationally. The broader Utilities sector runs a -1.3% net margin (IRS SOI 2013 C corp).
How many businesses are in Geothermal Electric Power Generation?
48 business establishments. Together they employ 1,565 workers.
What is the average payroll per employee in Geothermal Electric Power Generation?
$127,334/yr average annual pay per employee. Businesses average 32.6 employees per establishment.
Which states have the most Geothermal Electric Power Generation employment?
Utah leads with 72 workers.
How much SBA lending does Geothermal Electric Power Generation receive?
Geothermal Electric Power Generation businesses received 1 SBA loans totaling $0 million between FY2020 and FY2026. The average loan size was $150K. These loans supported 3 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 Geothermal Electric Power Generation, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Geothermal Electric Power Generation ranks #793 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (1,565 here).
Read with this industry: Industry employment trends · Utilities · 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 221116 · CBP 2023 · IRS SOI
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.