Construction ·NAICS 2373

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

Construction — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Construction (NAICS 2373). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Construction (NAICS 2373) operates at a 3.3% net profit margin, below the national median. The industry generates $233.6B in total annual receipts across all business entities filing federal tax returns. Census Bureau data identifies 9,256 business establishments employing 314,940 workers nationwide.

The average employee earns $98,566/yr in annual compensation, while the typical business in this industry generates $2.7B in revenue. Businesses average 34.0 employees per establishment. Texas leads in employment concentration for this industry.

Benchmarking Insights for Construction

When you read the 3.3% net profit margin for Construction, the number only becomes actionable when paired with scale. This industry sits inside the broader Construction sector and reports $233.6B of aggregate annual receipts across 87,750 federal tax returns. 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, while the typical establishment here generates $2.7B per year. 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 9,256 active establishments employing 314,940 workers, averaging 34.0 employees per location and paying $98,566/yr per employee annually. Texas leads the geographic distribution of employment, with California and Florida 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 576 loans worth $368 million between FY2020 and FY2025, supporting 9,133 jobs at origination. The average ticket size — $639K — signals the typical capital gap operators bridge when expanding. The Huntington National 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

3.3%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$233.6B

Annual revenue (IRS SOI)

Net Income

$7.6B

Pre-tax net income

Employment

314,940

Total employees (Census CBP)

Avg Payroll / Employee

$98,566/yr

Annual compensation

Establishments

9,256

Business locations

Where each dollar of revenue goes

Decomposition of every dollar of Construction receipts using IRS SOI 2023 aggregate ratios.

Workforce scale

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

Margin position vs national reference points

Construction net margin 10.8%
US median (10%)

Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).

Business Structure Breakdown

How businesses in this industry are legally structured (IRS SOI)

C Corporation
23,646 returns 27%

Margin: 3.1% · Receipts: $222.5B

Sole Proprietorship
64,104 returns 73%

Margin: 6.3% · Receipts: $11.1B

Financial Detail

Total Tax Returns Filed
87,750
Total Deductions
N/A
Avg Receipts per Business
$2.7B
Annual Payroll (Total)
$31.0B
Avg Employees per Establishment
34.0

Sub-Industries

Industry Profit Margin
Construction

NAICS 23731

N/A

Top States by Employment

State Employment
Texas 38,778
California 24,421
Florida 22,060
Pennsylvania 13,953
North Carolina 11,870
Virginia 10,749
New York 10,354
Arizona 9,387
New Jersey 8,990
Colorado 8,545

Showing top 10 of 51 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

576

FY2020–2025

Total Loan Volume

$368M

7(a) + 504 programs

Avg Loan Size

$639K

Per approved loan

Jobs Supported

9,133

Reported at origination

Program Breakdown

7(a) Loans 520 loans (90%)
504 Loans 56 loans (10%)

Top SBA Lender

The Huntington National Bank

53 loans in this industry

New Business Share

25.3% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
99 loans
FY2021
85 loans
FY2022
64 loans
FY2023
71 loans
FY2024
139 loans
FY2025
107 loans
FY2026
11 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 Construction?
The Construction industry (NAICS 2373) reports total annual receipts of $233.6B across all business entities, based on IRS Statistics of Income data. The average revenue per business is $2.7B.
How profitable is Construction?
Construction has a net profit margin of 3.3%, which is below the national median. This is calculated as net income divided by total receipts from IRS SOI business tax statistics.
How many businesses are in Construction?
There are 9,256 business establishments in Construction (NAICS 2373) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 314,940 workers.
What is the average payroll per employee in Construction?
The average annual payroll per employee in Construction is $98,566/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 34.0 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Construction employment?
Texas leads in Construction employment with 38,778 workers. California (24,421) and Florida (22,060) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Construction receive?
Construction businesses received 576 SBA loans totaling $368 million between FY2020 and FY2025. The average loan size was $639K. These loans supported 9,133 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 2373 · 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