Profit Margin
6.0%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 332
NAICS 332 · IRS SOI 2023 · Census CBP
Fabricated Metal Product Manufacturing - Industry Benchmarks
$67,129/yr average annual pay, with 4,718 SBA loans on record for NAICS 332.
- 6.0%
- Net margin
- 1.4M
- Workers employed
- $67,129/yr
- Avg payroll / employee
- $4.1B
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 332
Fabricated Metal Product Manufacturing runs a 6.0% pre-tax net margin - below the national median - across 54K establishments employing 1.4M workers.
- 6.0%
- Pre-tax net margin (IRS SOI)
- 1.4M
- Workers employed (Census CBP)
- $67,129/yr
- Avg payroll / employee
- $4.1B
- SBA lending, FY20–26
Benchmarking Insights for Fabricated Metal Product Manufacturing
Fabricated Metal Product Manufacturing sits inside Manufacturing at a 6.0% net margin (below the national median), $321.3B in aggregate receipts across 48,432 returns, averaging $6.6B per establishment.
53,790 establishments employ 1,441,471 workers (26.8/location) at $67,129/yr average annual pay. California leads employment, followed by Texas and Ohio.
Total Receipts
$321.3B
Annual revenue (IRS SOI)
Net Income
$19.4B
Pre-tax net income
Employment
1,441,471
Total employees (Census CBP)
Avg Payroll / Employee
$67,129/yr
Annual compensation
Establishments
53,790
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 28,885; establishment count decreased by 250. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Fabricated Metal Product Manufacturing revenue goes
Workforce scale
Fabricated Metal Product Manufacturing margin vs national reference points
Fabricated Metal Product Manufacturing net margin 20.1%
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
48,432 returns 100%
Margin: 6.0% · Receipts: $321.3B
Financial Detail
- Total Tax Returns Filed
- 48,432
- Avg Receipts per Business
- $6.6B
- Annual Payroll (Total)
- $96.8B
- Avg Employees per Establishment
- 26.8
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Architectural and Structural Metals Manufacturing NAICS 3323 | 3.0% |
| Boiler, Tank, and Shipping Container Manufacturing NAICS 3324 | 4.5% |
| Coating, Engraving, Heat Treating, and Allied Activities NAICS 3328 | 6.0% |
| Cutlery and Handtool Manufacturing NAICS 3322 | 5.5% |
| Forging and Stamping NAICS 3321 | 6.4% |
| Hardware Manufacturing NAICS 3325 | N/A |
| Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing NAICS 3327 | N/A |
| Other Fabricated Metal Product Manufacturing NAICS 3329 | 7.8% |
| Spring and Wire Product Manufacturing NAICS 3326 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| California | 122,537 |
| Texas | 121,759 |
| Ohio | 97,843 |
| Illinois | 82,242 |
| Pennsylvania | 81,355 |
| Michigan | 77,725 |
| Wisconsin | 71,619 |
| Indiana | 56,164 |
| New York | 46,276 |
| Minnesota | 42,853 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
4,718
Total Loan Volume
$4.1B
Avg Loan Size
$867K
Jobs Supported
60,340
Program Breakdown
7(a) 3,716 (79%)
504 1,002 (21%)
Top SBA Lender
The Huntington National Bank
321 loans in this industry
New Business Share
20.0% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 714
2021 941
2022 740
2023 670
2024 730
2025 794
2026 129
Frequently Asked Questions
What is the average revenue for Fabricated Metal Product Manufacturing?
$321.3B in total annual receipts across all Fabricated Metal Product Manufacturing businesses. Average per business: $6.6B.
How profitable is Fabricated Metal Product Manufacturing?
6.0% net profit margin, below the national median.
How many businesses are in Fabricated Metal Product Manufacturing?
53,790 business establishments. Together they employ 1,441,471 workers.
What is the average payroll per employee in Fabricated Metal Product Manufacturing?
$67,129/yr average annual pay per employee. Businesses average 26.8 employees per establishment.
Which states have the most Fabricated Metal Product Manufacturing employment?
California leads with 122,537 workers. Texas (121,759) and Ohio (97,843) round out the top three.
How much SBA lending does Fabricated Metal Product Manufacturing receive?
Fabricated Metal Product Manufacturing businesses received 4,718 SBA loans totaling $4.1 billion between FY2020 and FY2026. The average loan size was $867K. These loans supported 60,340 jobs at origination. Most lending (79%) 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: Fabricated Metal Product Manufacturing reports a higher net margin than 62% of the 79 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 65% 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.
- Repair and Maintenance 1,383,304
- Clothing and Clothing Accessories Stores 1,505,822
- Personal and Laundry Services 1,556,668
Benchmarking Fabricated Metal Product Manufacturing
- Net margin: 6.0% vs sector. Browse Manufacturing
- 53,790 establishments, 1,441,471 workers. Payroll benchmarks
- 4,718 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 332 · 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.