Manufacturing ·NAICS 332721

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 332721). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Manufacturing (NAICS 332721) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 3,897 business establishments employing 102,699 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 3,897 active establishments employing 102,699 workers, averaging 26.4 employees per location and paying $62,880/yr per employee annually. Michigan leads the geographic distribution of employment, with California and Ohio 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 154 loans worth $135 million between FY2020 and FY2025, supporting 2,138 jobs at origination. The average ticket size — $874K — signals the typical capital gap operators bridge when expanding. The Huntington 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

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

102,699

Total employees (Census CBP)

Avg Payroll / Employee

$62,880/yr

Annual compensation

Establishments

3,897

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)
$6.5B
Avg Employees per Establishment
26.4

Top States by Employment

State Employment
Michigan 11,491
California 9,424
Ohio 9,251
Illinois 9,200
Texas 5,715
Wisconsin 5,011
New York 4,794
Pennsylvania 4,614
Connecticut 3,970
Indiana 3,730

Showing top 10 of 48 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

154

FY2020–2025

Total Loan Volume

$135M

7(a) + 504 programs

Avg Loan Size

$874K

Per approved loan

Jobs Supported

2,138

Reported at origination

Program Breakdown

7(a) Loans 114 loans (74%)
504 Loans 40 loans (26%)

Top SBA Lender

The Huntington National Bank

16 loans in this industry

New Business Share

15.6% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
29 loans
FY2021
30 loans
FY2022
25 loans
FY2023
25 loans
FY2024
25 loans
FY2025
19 loans
FY2026
1 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 332721) 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 3,897 business establishments in Manufacturing (NAICS 332721) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 102,699 workers.
What is the average payroll per employee in Manufacturing?
The average annual payroll per employee in Manufacturing is $62,880/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 26.4 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Manufacturing employment?
Michigan leads in Manufacturing employment with 11,491 workers. California (9,424) and Ohio (9,251) 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 154 SBA loans totaling $135 million between FY2020 and FY2025. The average loan size was $874K. These loans supported 2,138 jobs at origination. Most lending (74%) 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 332721 · 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