Manufacturing ·NAICS 324

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Average margin

Manufacturing — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Manufacturing (NAICS 324). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Manufacturing (NAICS 324) operates at a 5.4% net profit margin, below the national median. The industry generates $2.2T in total annual receipts across all business entities filing federal tax returns.

Benchmarking Insights for Manufacturing

When you read the 5.4% net profit margin for Manufacturing, the number only becomes actionable when paired with scale. This industry sits inside the broader Manufacturing sector and reports $2.2T of aggregate annual receipts across 1,039 federal tax returns. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases, while the typical establishment here generates $2.1T per year. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 2,073 active establishments employing N/A workers. California leads the geographic distribution of employment, with Ohio and Pennsylvania rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 103 loans worth $78 million between FY2020 and FY2025, supporting 1,225 jobs at origination. The average ticket size — $758K — signals the typical capital gap operators bridge when expanding. BayFirst National Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

5.4%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$2.2T

Annual revenue (IRS SOI)

Net Income

$119.9B

Pre-tax net income

Employment

N/A

Total employees (Census CBP)

Avg Payroll / Employee

N/A

Annual compensation

Establishments

2,073

Business locations

Where each dollar of revenue goes

Decomposition of every dollar of Manufacturing receipts using IRS SOI 2023 aggregate ratios.

Margin position vs national reference points

Manufacturing net margin 18.0%
US median (10%)

Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).

Business Structure Breakdown

How businesses in this industry are legally structured (IRS SOI)

C Corporation
1,039 returns 100%

Margin: 5.4% · Receipts: $2.2T

Financial Detail

Total Tax Returns Filed
1,039
Total Deductions
N/A
Avg Receipts per Business
$2.1T
Annual Payroll (Total)
N/A
Avg Employees per Establishment
N/A

Sub-Industries

Industry Profit Margin
Manufacturing

NAICS 3241

6.4%

Top States by Employment

State Employment
California 9,374
Ohio 5,800
Pennsylvania 4,279
Kansas 2,523
Utah 1,519
Alabama 1,464
Montana 1,325
Missouri 1,247
New York 1,149
Tennessee 948

Showing top 10 of 46 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

103

FY2020–2025

Total Loan Volume

$78M

7(a) + 504 programs

Avg Loan Size

$758K

Per approved loan

Jobs Supported

1,225

Reported at origination

Program Breakdown

7(a) Loans 87 loans (84%)
504 Loans 16 loans (16%)

Top SBA Lender

BayFirst National Bank

6 loans in this industry

New Business Share

31.1% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
13 loans
FY2021
13 loans
FY2022
8 loans
FY2023
21 loans
FY2024
33 loans
FY2025
12 loans
FY2026
3 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Manufacturing?
The Manufacturing industry (NAICS 324) reports total annual receipts of $2.2T across all business entities, based on IRS Statistics of Income data. The average revenue per business is $2.1T.
How profitable is Manufacturing?
Manufacturing has a net profit margin of 5.4%, which is below the national median. This is calculated as net income divided by total receipts from IRS SOI business tax statistics.
How many businesses are in Manufacturing?
There are 2,073 business establishments in Manufacturing (NAICS 324) according to Census Bureau County Business Patterns 2023 data.
What is the average payroll per employee in Manufacturing?
Average payroll data for Manufacturing is not available in the current Census CBP dataset.
Which states have the most Manufacturing employment?
California leads in Manufacturing employment with 9,374 workers. Ohio (5,800) and Pennsylvania (4,279) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Manufacturing receive?
Manufacturing businesses received 103 SBA loans totaling $78 million between FY2020 and FY2025. The average loan size was $758K. These loans supported 1,225 jobs at origination. Most lending (84%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 324 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025