NAICS 3322 · IRS SOI 2013 (C corp) · Census CBP 2023

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 August 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

Use Cutlery and Handtool Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.

Cutlery and Handtool 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 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.

Cutlery and Handtool Manufacturing sits in the 13th percentile for employment and the 53rd percentile for net margin among 4-digit NAICS industries with reported data.

Profit Margin

5.5%

Net income ÷ total receipts (IRS SOI)

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.

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Where each dollar of Cutlery and Handtool Manufacturing revenue goes

Receipts decomposition, IRS Statistics of Income 2023 aggregate for Cutlery and Handtool Manufacturing

Workforce scale

Establishment size, Cutlery and Handtool Manufacturing (Census SUSB)

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%/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

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	Employment	Avg Payroll/Emp
Cutlery and Handtool Manufacturing NAICS 33221	N/A	31,762	$63,654/yr

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Ohio	2,868	63	$180.5M	$62,947/yr
Wisconsin	2,290	35	N/A	N/A
Oregon	1,958	30	$153.0M	$78,166/yr
California	1,914	124	$108.2M	$56,521/yr
Illinois	1,528	64	$82.3M	$53,841/yr
Michigan	716	47	$38.7M	$54,027/yr
South Carolina	642	18	$33.7M	$52,545/yr
Missouri	450	25	$20.9M	$46,347/yr
Georgia	266	21	N/A	N/A
Washington	192	21	$10.0M	$52,078/yr

Showing top 10 of 43 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

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

2021

2022

2023

2024

2025

2026

View SBA lending rankings →

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.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Cutlery and Handtool Manufacturing, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Cutlery and Handtool Manufacturing ranks #225 of 259 U.S. industries at the 4-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #59 of 126 at that same detail level.

Similar reported net margin

Nearest peer industries by ABS(IRS pre-tax margin) (5.5% here).

Other Miscellaneous Manufacturing 5.5% Communications Equipment Manufacturing 5.5% Other Food Manufacturing 5.5%

Similar workforce scale

Nearest peer industries by ABS(Census employment) (31,762 here).

Computer and Peripheral Equipment Manufacturing 31,508 Other Furniture Related Product Manufacturing 32,920 Charter Bus Industry 29,436

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 3322 · 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.