Manufacturing ·NAICS 31122

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

Manufacturing — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Manufacturing (NAICS 31122). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Manufacturing (NAICS 31122) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 369 business establishments employing 28,529 workers nationwide.

Benchmarking Insights for Manufacturing

When you read the financial profile for Manufacturing, the number only becomes actionable when paired with scale. This industry sits inside the broader Manufacturing 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 369 active establishments employing 28,529 workers, averaging 77.3 employees per location and paying $77,292/yr per employee annually. Iowa leads the geographic distribution of employment, with Indiana and Nebraska 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 13 loans worth $7 million between FY2020 and FY2025, supporting 127 jobs at origination. The average ticket size — $561K — signals the typical capital gap operators bridge when expanding. Zions Bank, A Division of 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

28,529

Total employees (Census CBP)

Avg Payroll / Employee

$77,292/yr

Annual compensation

Establishments

369

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)
$2.2B
Avg Employees per Establishment
77.3

Sub-Industries

Industry Profit Margin
Manufacturing

NAICS 311221

N/A
Manufacturing

NAICS 311224

N/A
Manufacturing

NAICS 311225

N/A

Top States by Employment

State Employment
Iowa 3,859
Indiana 1,673
Nebraska 1,121
Kansas 878
Missouri 835
North Dakota 455
Kentucky 400
South Dakota 216
Idaho 80

Showing top 10 of 34 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

13

FY2020–2025

Total Loan Volume

$7M

7(a) + 504 programs

Avg Loan Size

$561K

Per approved loan

Jobs Supported

127

Reported at origination

Program Breakdown

7(a) Loans 12 loans (92%)
504 Loans 1 loans (8%)

Top SBA Lender

Zions Bank, A Division of

1 loans in this industry

New Business Share

38.5% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
2 loans
FY2021
5 loans
FY2022
1 loans
FY2023
2 loans
FY2024
1 loans
FY2025
1 loans
FY2026
1 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 Manufacturing?
Revenue data for Manufacturing (NAICS 31122) is not available in the current IRS SOI dataset.
How profitable is Manufacturing?
Profitability data for Manufacturing is not available in the current dataset.
How many businesses are in Manufacturing?
There are 369 business establishments in Manufacturing (NAICS 31122) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 28,529 workers.
What is the average payroll per employee in Manufacturing?
The average annual payroll per employee in Manufacturing is $77,292/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 77.3 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Manufacturing employment?
Iowa leads in Manufacturing employment with 3,859 workers. Indiana (1,673) and Nebraska (1,121) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Manufacturing receive?
Manufacturing businesses received 13 SBA loans totaling $7 million between FY2020 and FY2025. The average loan size was $561K. These loans supported 127 jobs at origination. Most lending (92%) 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 31122 · 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