Profit Margin
4.5%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 316
NAICS 316 · IRS SOI 2023 · Census CBP
Leather and Allied Product Manufacturing - Industry Benchmarks
$45,182/yr average annual pay, with 99 SBA loans on record for NAICS 316.
- 4.5%
- Net margin
- 23K
- Workers employed
- $45,182/yr
- Avg payroll / employee
- $34M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 316
Leather and Allied Product Manufacturing runs a 4.5% pre-tax net margin - below the national median - across 986 establishments employing 23K workers.
- 4.5%
- Pre-tax net margin (IRS SOI)
- 23K
- Workers employed (Census CBP)
- $45,182/yr
- Avg payroll / employee
- $34M
- SBA lending, FY20–26
Benchmarking Insights for Leather and Allied Product Manufacturing
Leather and Allied Product Manufacturing sits inside Manufacturing at a 4.5% net margin (below the national median), $10.8B in aggregate receipts across 1,477 returns, averaging $7.3B per establishment.
986 establishments employ 22,970 workers (23.3/location) at $45,182/yr average annual pay. Texas leads employment, followed by California and Wisconsin.
Total Receipts
$10.8B
Annual revenue (IRS SOI)
Net Income
$485.6M
Pre-tax net income
Employment
22,970
Total employees (Census CBP)
Avg Payroll / Employee
$45,182/yr
Annual compensation
Establishments
986
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 2,136; establishment count decreased by 90. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Leather and Allied Product Manufacturing revenue goes
Workforce scale
Leather and Allied Product Manufacturing margin vs national reference points
Leather and Allied Product Manufacturing net margin 14.9%
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
1,477 returns 100%
Margin: 4.5% · Receipts: $10.8B
Financial Detail
- Total Tax Returns Filed
- 1,477
- Avg Receipts per Business
- $7.3B
- Annual Payroll (Total)
- $1.0B
- Avg Employees per Establishment
- 23.3
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Footwear Manufacturing NAICS 3162 | N/A |
| Leather and Hide Tanning and Finishing NAICS 3161 | N/A |
| Other Leather and Allied Product Manufacturing NAICS 3169 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 4,506 |
| California | 2,138 |
| Wisconsin | 1,139 |
| Illinois | 973 |
| New York | 918 |
| Missouri | 894 |
| Pennsylvania | 758 |
| New Hampshire | 238 |
| Colorado | 163 |
| Utah | 151 |
Showing top 10 of 44 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
99
Total Loan Volume
$34M
Avg Loan Size
$340K
Jobs Supported
475
Program Breakdown
7(a) 88 (89%)
504 11 (11%)
Top SBA Lender
The Huntington National Bank
6 loans in this industry
New Business Share
20.2% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 16
2021 14
2022 10
2023 12
2024 20
2025 25
2026 2
Frequently Asked Questions
What is the average revenue for Leather and Allied Product Manufacturing?
$10.8B in total annual receipts across all Leather and Allied Product Manufacturing businesses. Average per business: $7.3B.
How profitable is Leather and Allied Product Manufacturing?
4.5% net profit margin, below the national median.
How many businesses are in Leather and Allied Product Manufacturing?
986 business establishments. Together they employ 22,970 workers.
What is the average payroll per employee in Leather and Allied Product Manufacturing?
$45,182/yr average annual pay per employee. Businesses average 23.3 employees per establishment.
Which states have the most Leather and Allied Product Manufacturing employment?
Texas leads with 4,506 workers. California (2,138) and Wisconsin (1,139) round out the top three.
How much SBA lending does Leather and Allied Product Manufacturing receive?
Leather and Allied Product Manufacturing businesses received 99 SBA loans totaling $34 million between FY2020 and FY2026. The average loan size was $340K. These loans supported 475 jobs at origination. Most lending (89%) 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.
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 Leather and Allied Product Manufacturing
- Net margin: 4.5% vs sector. Browse Manufacturing
- 986 establishments, 22,970 workers. Payroll benchmarks
- 99 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 316 · 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.