Profit Margin
5.5%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3322
NAICS 3322 · IRS SOI 2023 · Census CBP
Cutlery and Handtool Manufacturing - Industry Benchmarks
$63,654/yr average annual pay, with 66 SBA loans on record for NAICS 3322.
- 5.5%
- Net margin
- 32K
- Workers employed
- $63,654/yr
- Avg payroll / employee
- $47M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3322
Cutlery and Handtool Manufacturing runs a 5.5% pre-tax net margin - below the national median - across 980 establishments employing 32K workers.
- 5.5%
- Pre-tax net margin (IRS SOI)
- 32K
- Workers employed (Census CBP)
- $63,654/yr
- Avg payroll / employee
- $47M
- SBA lending, FY20–26
Benchmarking Insights for Cutlery and Handtool Manufacturing
Cutlery and Handtool Manufacturing sits inside Manufacturing at a 5.5% net margin (below the national median), $76.4B in aggregate receipts across 19,809 returns, averaging $3.9B per establishment.
980 establishments employ 31,762 workers (32.4/location) at $63,654/yr average annual pay. Ohio leads employment, followed by Wisconsin and Oregon.
Total Receipts
$76.4B
Annual revenue (IRS SOI)
Net Income
$4.2B
Pre-tax net income
Employment
31,762
Total employees (Census CBP)
Avg Payroll / Employee
$63,654/yr
Annual compensation
Establishments
980
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 1,409; establishment count decreased by 52. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Cutlery and Handtool Manufacturing revenue goes
Workforce scale
Cutlery and Handtool Manufacturing margin vs national reference points
Cutlery and Handtool Manufacturing net margin 18.2%
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
19,809 returns 100%
Margin: 5.5% · Receipts: $76.4B
Financial Detail
- Total Tax Returns Filed
- 19,809
- Avg Receipts per Business
- $3.9B
- Annual Payroll (Total)
- $2.0B
- Avg Employees per Establishment
- 32.4
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Cutlery and Handtool Manufacturing NAICS 33221 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Ohio | 2,868 |
| Wisconsin | 2,290 |
| Oregon | 1,958 |
| California | 1,914 |
| Illinois | 1,528 |
| Michigan | 716 |
| South Carolina | 642 |
| Missouri | 450 |
| Georgia | 266 |
| Washington | 192 |
Showing top 10 of 43 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
66
Total Loan Volume
$47M
Avg Loan Size
$705K
Jobs Supported
859
Program Breakdown
7(a) 64 (97%)
504 2 (3%)
Top SBA Lender
Northeast Bank
6 loans in this industry
New Business Share
15.2% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 12
2021 12
2022 5
2023 10
2024 7
2025 18
2026 2
Frequently Asked Questions
What is the average revenue for Cutlery and Handtool Manufacturing?
$76.4B in total annual receipts across all Cutlery and Handtool Manufacturing businesses. Average per business: $3.9B.
How profitable is Cutlery and Handtool Manufacturing?
5.5% net profit margin, below the national median.
How many businesses are in Cutlery and Handtool Manufacturing?
980 business establishments. Together they employ 31,762 workers.
What is the average payroll per employee in Cutlery and Handtool Manufacturing?
$63,654/yr average annual pay per employee. Businesses average 32.4 employees per establishment.
Which states have the most Cutlery and Handtool Manufacturing employment?
Ohio leads with 2,868 workers. Wisconsin (2,290) and Oregon (1,958) round out the top three.
How much SBA lending does Cutlery and Handtool Manufacturing receive?
Cutlery and Handtool Manufacturing businesses received 66 SBA loans totaling $47 million between FY2020 and FY2026. The average loan size was $705K. These loans supported 859 jobs at origination. Most lending (97%) 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: Cutlery and Handtool Manufacturing reports a higher net margin than 51% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 13% of that same 259-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 Cutlery and Handtool Manufacturing
- Net margin: 5.5% vs sector. Browse Manufacturing
- 980 establishments, 31,762 workers. Payroll benchmarks
- 66 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 3322 · 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.