Profit Margin
5.3%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 321
NAICS 321 · IRS SOI 2023 · Census CBP
Wood Product Manufacturing - Industry Benchmarks
$57,421/yr average annual pay, with 1,091 SBA loans on record for NAICS 321.
- 5.3%
- Net margin
- 432K
- Workers employed
- $57,421/yr
- Avg payroll / employee
- $942M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 321
Wood Product Manufacturing runs a 5.3% pre-tax net margin - below the national median - across 14K establishments employing 432K workers.
- 5.3%
- Pre-tax net margin (IRS SOI)
- 432K
- Workers employed (Census CBP)
- $57,421/yr
- Avg payroll / employee
- $942M
- SBA lending, FY20–26
Benchmarking Insights for Wood Product Manufacturing
Wood Product Manufacturing sits inside Manufacturing at a 5.3% net margin (below the national median), $85.7B in aggregate receipts across 10,638 returns, averaging $8.1B per establishment.
13,900 establishments employ 432,255 workers (31.1/location) at $57,421/yr average annual pay. Texas leads employment, followed by California and North Carolina.
Total Receipts
$85.7B
Annual revenue (IRS SOI)
Net Income
$4.5B
Pre-tax net income
Employment
432,255
Total employees (Census CBP)
Avg Payroll / Employee
$57,421/yr
Annual compensation
Establishments
13,900
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 13,797; establishment count decreased by 93. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Wood Product Manufacturing revenue goes
Workforce scale
Wood Product Manufacturing margin vs national reference points
Wood Product Manufacturing net margin 17.6%
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
10,638 returns 100%
Margin: 5.3% · Receipts: $85.7B
Financial Detail
- Total Tax Returns Filed
- 10,638
- Avg Receipts per Business
- $8.1B
- Annual Payroll (Total)
- $24.8B
- Avg Employees per Establishment
- 31.1
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Other Wood Product Manufacturing NAICS 3219 | N/A |
| Sawmills and Wood Preservation NAICS 3211 | N/A |
| Veneer, Plywood, and Engineered Wood Product Manufacturing NAICS 3212 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 30,091 |
| California | 24,978 |
| North Carolina | 22,989 |
| Oregon | 21,088 |
| Pennsylvania | 21,053 |
| Wisconsin | 20,282 |
| Georgia | 19,277 |
| Indiana | 17,304 |
| Alabama | 17,095 |
| Minnesota | 14,612 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
1,091
Total Loan Volume
$942M
Avg Loan Size
$864K
Jobs Supported
16,213
Program Breakdown
7(a) 895 (82%)
504 196 (18%)
Top SBA Lender
The Huntington National Bank
86 loans in this industry
New Business Share
26.2% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 156
2021 199
2022 160
2023 176
2024 177
2025 204
2026 19
Frequently Asked Questions
What is the average revenue for Wood Product Manufacturing?
$85.7B in total annual receipts across all Wood Product Manufacturing businesses. Average per business: $8.1B.
How profitable is Wood Product Manufacturing?
5.3% net profit margin, below the national median.
How many businesses are in Wood Product Manufacturing?
13,900 business establishments. Together they employ 432,255 workers.
What is the average payroll per employee in Wood Product Manufacturing?
$57,421/yr average annual pay per employee. Businesses average 31.1 employees per establishment.
Which states have the most Wood Product Manufacturing employment?
Texas leads with 30,091 workers. California (24,978) and North Carolina (22,989) round out the top three.
How much SBA lending does Wood Product Manufacturing receive?
Wood Product Manufacturing businesses received 1,091 SBA loans totaling $942 million between FY2020 and FY2026. The average loan size was $864K. These loans supported 16,213 jobs at origination. Most lending (82%) 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: Wood Product Manufacturing reports a higher net margin than 52% of the 79 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 34% of that same 77-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 Wood Product Manufacturing
- Net margin: 5.3% vs sector. Browse Manufacturing
- 13,900 establishments, 432,255 workers. Payroll benchmarks
- 1,091 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 321 · 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.