NAICS 321 · IRS SOI 2013 (C corp) · Census CBP 2023

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 August 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

Use Wood Product Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.

Wood Product Manufacturing is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.

Source: IRS SOI 2013 (C corporation headline) and Census County Business Patterns 2023

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.

Wood Product Manufacturing sits in the 34th percentile for employment and the 61st percentile for net margin among 3-digit NAICS industries with reported data.

Profit Margin

5.3%

Net income ÷ total receipts (IRS SOI)

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.

Subscribe to this industry's release updates (RSS)

Where each dollar of Wood Product Manufacturing revenue goes

Receipts decomposition, IRS Statistics of Income 2023 aggregate for Wood Product Manufacturing

Workforce scale

Establishment size, Wood Product Manufacturing (Census SUSB)

Wood Product Manufacturing margin vs national reference points

Wood Product Manufacturing net margin 17.6%

Cross-industry median (5%)

p25/median/p75 = 3%/5%/7%

Business Structure Breakdown

Per-entity IRS SOI tables at their own vintages, shares only when every row shares one year (never mix 2013/2017/2022 populations).

C Corporation SOI 2013

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	Employment	Avg Payroll/Emp
Other Wood Product Manufacturing NAICS 3219	N/A	255,619	$54,319/yr
Sawmills and Wood Preservation NAICS 3211	N/A	91,690	$61,318/yr
Veneer, Plywood, and Engineered Wood Product Manufacturing NAICS 3212	N/A	84,946	$62,548/yr

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Texas	30,091	767	$1.8B	$58,255/yr
California	24,978	1,029	$1.5B	$58,778/yr
North Carolina	22,989	558	$1.4B	$59,027/yr
Oregon	21,088	388	$1.4B	$65,460/yr
Pennsylvania	21,053	981	$1.1B	$51,244/yr
Wisconsin	20,282	521	$1.1B	$56,267/yr
Georgia	19,277	464	$1.1B	$57,476/yr
Indiana	17,304	516	$950.5M	$54,932/yr
Alabama	17,095	347	$1.0B	$58,661/yr
Minnesota	14,612	315	$1.0B	$70,736/yr

Showing top 10 of 50 states

SBA Lending Activity

SBA FY2020–2026

SBA 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

View SBA lending rankings →

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.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Wood Product Manufacturing, both at NAICS level 3 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Wood Product Manufacturing ranks #51 of 77 U.S. industries at the 3-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #29 of 75 at that same detail level.

Similar reported net margin

Nearest peer industries by ABS(IRS pre-tax margin) (5.3% here).

Food Services and Drinking Places 5.3% Furniture and Home Furnishings Stores 5.2% Petroleum and Coal Products Manufacturing 5.4%

Similar workforce scale

Nearest peer industries by ABS(Census employment) (432,255 here).

Nonmetallic Mineral Product Manufacturing 412,320 Furniture and Home Furnishings Stores 409,563 Transit and Ground Passenger Transportation 458,871

Read with this industry: Understanding profit margins by industry · Manufacturing · 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 · CBP 2023 · IRS SOI 2013

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 Accessed 2026-07-06

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.