Profit Margin
5.5%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3342
NAICS 3342 · IRS SOI 2023 · Census CBP
Communications Equipment Manufacturing - Industry Benchmarks
$121,923/yr average annual pay, with 72 SBA loans on record for NAICS 3342.
- 5.5%
- Net margin
- 74K
- Workers employed
- $121,923/yr
- Avg payroll / employee
- $75M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 3342
Communications Equipment Manufacturing runs a 5.5% pre-tax net margin - below the national median - across 1K establishments employing 74K workers.
- 5.5%
- Pre-tax net margin (IRS SOI)
- 74K
- Workers employed (Census CBP)
- $121,923/yr
- Avg payroll / employee
- $75M
- SBA lending, FY20–26
Benchmarking Insights for Communications Equipment Manufacturing
Communications Equipment Manufacturing sits inside Manufacturing at a 5.5% net margin (below the national median), $65.7B in aggregate receipts across 1,781 returns, averaging $36.9B per establishment.
1,138 establishments employ 73,884 workers (64.9/location) at $121,923/yr average annual pay. California leads employment, followed by Texas and New York.
Total Receipts
$65.7B
Annual revenue (IRS SOI)
Net Income
$3.6B
Pre-tax net income
Employment
73,884
Total employees (Census CBP)
Avg Payroll / Employee
$121,923/yr
Annual compensation
Establishments
1,138
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,336; establishment count decreased by 32. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Communications Equipment Manufacturing revenue goes
Workforce scale
Communications Equipment Manufacturing margin vs national reference points
Communications Equipment 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
1,781 returns 100%
Margin: 5.5% · Receipts: $65.7B
Financial Detail
- Total Tax Returns Filed
- 1,781
- Avg Receipts per Business
- $36.9B
- Annual Payroll (Total)
- $9.0B
- Avg Employees per Establishment
- 64.9
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Other Communications Equipment Manufacturing NAICS 33429 | N/A |
| Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing NAICS 33422 | N/A |
| Telephone Apparatus Manufacturing NAICS 33421 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| California | 23,195 |
| Texas | 5,683 |
| New York | 5,673 |
| Illinois | 2,343 |
| Ohio | 1,707 |
| Georgia | 1,374 |
| New Jersey | 986 |
| Michigan | 975 |
| Utah | 736 |
| Wisconsin | 590 |
Showing top 10 of 41 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
72
Total Loan Volume
$75M
Avg Loan Size
$1039K
Jobs Supported
1,429
Program Breakdown
7(a) 63 (88%)
504 9 (12%)
Top SBA Lender
The Huntington National Bank
10 loans in this industry
New Business Share
11.1% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 10
2021 16
2022 10
2023 14
2024 12
2025 9
2026 1
Frequently Asked Questions
What is the average revenue for Communications Equipment Manufacturing?
$65.7B in total annual receipts across all Communications Equipment Manufacturing businesses. Average per business: $36.9B.
How profitable is Communications Equipment Manufacturing?
5.5% net profit margin, below the national median.
How many businesses are in Communications Equipment Manufacturing?
1,138 business establishments. Together they employ 73,884 workers.
What is the average payroll per employee in Communications Equipment Manufacturing?
$121,923/yr average annual pay per employee. Businesses average 64.9 employees per establishment.
Which states have the most Communications Equipment Manufacturing employment?
California leads with 23,195 workers. Texas (5,683) and New York (5,673) round out the top three.
How much SBA lending does Communications Equipment Manufacturing receive?
Communications Equipment Manufacturing businesses received 72 SBA loans totaling $75 million between FY2020 and FY2026. The average loan size was $1039K. These loans supported 1,429 jobs at origination. Most lending (88%) 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: Communications Equipment Manufacturing reports a higher net margin than 52% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 25% 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 Communications Equipment Manufacturing
- Net margin: 5.5% vs sector. Browse Manufacturing
- 1,138 establishments, 73,884 workers. Payroll benchmarks
- 72 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 3342 · 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.