Profit Margin
19.6%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3122
NAICS 3122 · IRS SOI 2023 · Census CBP
Tobacco Manufacturing - Industry Benchmarks
$87,197/yr average annual pay, with 4 SBA loans on record for NAICS 3122.
- 19.6%
- Net margin
- 11K
- Workers employed
- $87,197/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3122
Tobacco Manufacturing runs a 19.6% pre-tax net margin - above average for US industries - across 125 establishments employing 11K workers.
- 19.6%
- Pre-tax net margin (IRS SOI)
- 11K
- Workers employed (Census CBP)
- $87,197/yr
- Avg payroll / employee
- $0M
- SBA lending, FY20–26
Benchmarking Insights for Tobacco Manufacturing
Tobacco Manufacturing sits inside Manufacturing at a 19.6% net margin (above average for US industries), $48.7B in aggregate receipts across 31 returns, averaging $1.6T per establishment.
125 establishments employ 11,362 workers (90.9/location) at $87,197/yr average annual pay. North Carolina leads employment, followed by Tennessee and Arizona.
Total Receipts
$48.7B
Annual revenue (IRS SOI)
Net Income
$9.6B
Pre-tax net income
Employment
11,362
Total employees (Census CBP)
Avg Payroll / Employee
$87,197/yr
Annual compensation
Establishments
125
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 422; establishment count decreased by 8. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Tobacco Manufacturing revenue goes
Workforce scale
Tobacco Manufacturing margin vs national reference points
Tobacco Manufacturing net margin 65.3%
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
31 returns 100%
Margin: 19.6% · Receipts: $48.7B
Financial Detail
- Total Tax Returns Filed
- 31
- Avg Receipts per Business
- $1.6T
- Annual Payroll (Total)
- $990.7M
- Avg Employees per Establishment
- 90.9
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Tobacco Manufacturing NAICS 31223 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| North Carolina | 4,388 |
| Tennessee | 854 |
| Arizona | 96 |
Showing top 10 of 13 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
4
Total Loan Volume
$0M
Avg Loan Size
$63K
Jobs Supported
31
Program Breakdown
7(a) 4 (100%)
504 0 (0%)
Top SBA Lender
Northeast Bank
3 loans in this industry
New Business Share
75.0% of borrowers were new/startup businesses
Annual Lending Trend (2 yrs)
2024 1
2025 3
Frequently Asked Questions
What is the average revenue for Tobacco Manufacturing?
$48.7B in total annual receipts across all Tobacco Manufacturing businesses. Average per business: $1.6T.
How profitable is Tobacco Manufacturing?
19.6% net profit margin, above average for US industries.
How many businesses are in Tobacco Manufacturing?
125 business establishments. Together they employ 11,362 workers.
What is the average payroll per employee in Tobacco Manufacturing?
$87,197/yr average annual pay per employee. Businesses average 90.9 employees per establishment.
Which states have the most Tobacco Manufacturing employment?
North Carolina leads with 4,388 workers. Tennessee (854) and Arizona (96) round out the top three.
How much SBA lending does Tobacco Manufacturing receive?
Tobacco Manufacturing businesses received 4 SBA loans totaling $0 million between FY2020 and FY2026. The average loan size was $63K. These loans supported 31 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: Tobacco Manufacturing reports a higher net margin than 94% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 6% of that same 259-industry cohort. 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.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Tobacco Manufacturing
- Net margin: 19.6% vs sector. Browse Manufacturing
- 125 establishments, 11,362 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 3122 · 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.