Manufacturing ·NAICS 32541

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

Manufacturing — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Manufacturing (NAICS 32541). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Manufacturing (NAICS 32541) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 2,905 business establishments employing 321,068 workers nationwide.

Benchmarking Insights for Manufacturing

When you read the financial profile for Manufacturing, the number only becomes actionable when paired with scale. This industry sits inside the broader Manufacturing sector and reports N/A of aggregate annual receipts. 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. 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 2,905 active establishments employing 321,068 workers, averaging 110.5 employees per location and paying $113,582/yr per employee annually. New York leads the geographic distribution of employment, with New Jersey 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 255 loans worth $313 million between FY2020 and FY2025, supporting 4,081 jobs at origination. The average ticket size — $1228K — signals the typical capital gap operators bridge when expanding. Newtek Bank, National Association 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

N/A

Net income ÷ total receipts (IRS SOI)

Total Receipts

N/A

Annual revenue (IRS SOI)

Net Income

N/A

Pre-tax net income

Employment

321,068

Total employees (Census CBP)

Avg Payroll / Employee

$113,582/yr

Annual compensation

Establishments

2,905

Business locations

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Financial Detail

Total Tax Returns Filed
N/A
Total Deductions
N/A
Avg Receipts per Business
N/A
Annual Payroll (Total)
$36.5B
Avg Employees per Establishment
110.5

Sub-Industries

Industry Profit Margin
Manufacturing

NAICS 325411

N/A
Manufacturing

NAICS 325412

N/A
Manufacturing

NAICS 325413

N/A
Manufacturing

NAICS 325414

N/A

Top States by Employment

State Employment
New York 24,906
New Jersey 19,611
Pennsylvania 17,203
Massachusetts 14,555
Michigan 13,577
Utah 11,138
Florida 9,967
Texas 9,884
Illinois 9,879
South Carolina 7,545

Showing top 10 of 49 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

255

FY2020–2025

Total Loan Volume

$313M

7(a) + 504 programs

Avg Loan Size

$1228K

Per approved loan

Jobs Supported

4,081

Reported at origination

Program Breakdown

7(a) Loans 215 loans (84%)
504 Loans 40 loans (16%)

Top SBA Lender

Newtek Bank, National Association

12 loans in this industry

New Business Share

17.6% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
34 loans
FY2021
54 loans
FY2022
32 loans
FY2023
34 loans
FY2024
35 loans
FY2025
61 loans
FY2026
5 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?
Revenue data for Manufacturing (NAICS 32541) is not available in the current IRS SOI dataset.
How profitable is Manufacturing?
Profitability data for Manufacturing is not available in the current dataset.
How many businesses are in Manufacturing?
There are 2,905 business establishments in Manufacturing (NAICS 32541) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 321,068 workers.
What is the average payroll per employee in Manufacturing?
The average annual payroll per employee in Manufacturing is $113,582/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 110.5 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Manufacturing employment?
New York leads in Manufacturing employment with 24,906 workers. New Jersey (19,611) and Pennsylvania (17,203) 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 255 SBA loans totaling $313 million between FY2020 and FY2025. The average loan size was $1228K. These loans supported 4,081 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 32541 · 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