Profit Margin
3.5%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3151
NAICS 3151 · IRS SOI 2023 · Census CBP
Apparel Knitting Mills - Industry Benchmarks
$37,870/yr average annual pay, with 14 SBA loans on record for NAICS 3151.
- 3.5%
- Net margin
- 8K
- Workers employed
- $37,870/yr
- Avg payroll / employee
- $8M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3151
Apparel Knitting Mills runs a 3.5% pre-tax net margin - below the national median - across 178 establishments employing 8K workers.
- 3.5%
- Pre-tax net margin (IRS SOI)
- 8K
- Workers employed (Census CBP)
- $37,870/yr
- Avg payroll / employee
- $8M
- SBA lending, FY20–26
Benchmarking Insights for Apparel Knitting Mills
Apparel Knitting Mills sits inside Manufacturing at a 3.5% net margin (below the national median), $9.0B in aggregate receipts across 237 returns, averaging $37.9B per establishment.
178 establishments employ 7,656 workers (43.0/location) at $37,870/yr average annual pay. North Carolina leads employment, followed by Tennessee and New York.
Total Receipts
$9.0B
Annual revenue (IRS SOI)
Net Income
$317.5M
Pre-tax net income
Employment
7,656
Total employees (Census CBP)
Avg Payroll / Employee
$37,870/yr
Annual compensation
Establishments
178
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 1,259; establishment count decreased by 18. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Apparel Knitting Mills revenue goes
Workforce scale
Apparel Knitting Mills margin vs national reference points
Apparel Knitting Mills net margin 11.8%
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
237 returns 100%
Margin: 3.5% · Receipts: $9.0B
Financial Detail
- Total Tax Returns Filed
- 237
- Avg Receipts per Business
- $37.9B
- Annual Payroll (Total)
- $289.9M
- Avg Employees per Establishment
- 43.0
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Hosiery and Sock Mills NAICS 31511 | N/A |
| Other Apparel Knitting Mills NAICS 31519 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| North Carolina | 3,105 |
| Tennessee | 632 |
| New York | 103 |
| Minnesota | 98 |
| Florida | 70 |
| Texas | 19 |
| Illinois | 3 |
Showing top 10 of 14 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
14
Total Loan Volume
$8M
Avg Loan Size
$553K
Jobs Supported
83
Program Breakdown
7(a) 14 (100%)
504 0 (0%)
Top SBA Lender
Northeast Bank
3 loans in this industry
New Business Share
7.1% of borrowers were new/startup businesses
Annual Lending Trend (5 yrs)
2020 2
2022 2
2023 3
2024 2
2025 5
Frequently Asked Questions
What is the average revenue for Apparel Knitting Mills?
$9.0B in total annual receipts across all Apparel Knitting Mills businesses. Average per business: $37.9B.
How profitable is Apparel Knitting Mills?
3.5% net profit margin, below the national median.
How many businesses are in Apparel Knitting Mills?
178 business establishments. Together they employ 7,656 workers.
What is the average payroll per employee in Apparel Knitting Mills?
$37,870/yr average annual pay per employee. Businesses average 43.0 employees per establishment.
Which states have the most Apparel Knitting Mills employment?
North Carolina leads with 3,105 workers. Tennessee (632) and New York (103) round out the top three.
How much SBA lending does Apparel Knitting Mills receive?
Apparel Knitting Mills businesses received 14 SBA loans totaling $8 million between FY2020 and FY2026. The average loan size was $553K. These loans supported 83 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: Apparel Knitting Mills reports a higher net margin than 33% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 3% 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 Apparel Knitting Mills
- Net margin: 3.5% vs sector. Browse Manufacturing
- 178 establishments, 7,656 workers. Payroll benchmarks
- 14 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 3151 · 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.