NAICS 335 · IRS SOI 2023 · Census CBP

Electrical Equipment, Appliance, and Component Manufacturing - Industry Benchmarks

$75,581/yr average annual pay, with 569 SBA loans on record for NAICS 335.

Compiled by PlainBizBench Editorial, Industry Data Editorial Team

7.8%
Net margin: 369K
Workers employed: $75,581/yr
Avg payroll / employee: $551M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 335

Electrical Equipment, Appliance, and Component Manufacturing runs a 7.8% pre-tax net margin - in line with the national median - across 5K establishments employing 369K workers.

7.8%
Pre-tax net margin (IRS SOI): 369K
Workers employed (Census CBP): $75,581/yr
Avg payroll / employee: $551M
SBA lending, FY20–26

Benchmarking Insights for Electrical Equipment, Appliance, and Component Manufacturing

Electrical Equipment, Appliance, and Component Manufacturing sits inside Manufacturing at a 7.8% net margin (in line with the national median), $331.1B in aggregate receipts across 6,907 returns, averaging $47.9B per establishment.

5,398 establishments employ 369,456 workers (68.4/location) at $75,581/yr average annual pay. California leads employment, followed by Wisconsin and Pennsylvania.

Profit Margin

7.8%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$331.1B

Annual revenue (IRS SOI)

Net Income

$25.7B

Pre-tax net income

Employment

369,456

Total employees (Census CBP)

Avg Payroll / Employee

$75,581/yr

Annual compensation

Establishments

5,398

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 15,393; establishment count increased by 29. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Where each dollar of Electrical Equipment, Appliance, and Component Manufacturing revenue goes

Receipts decomposition, IRS Statistics of Income 2023 aggregate for Electrical Equipment, Appliance, and Component Manufacturing

Workforce scale

Establishment size, Electrical Equipment, Appliance, and Component Manufacturing (Census SUSB)

Electrical Equipment, Appliance, and Component Manufacturing margin vs national reference points

Electrical Equipment, Appliance, and Component Manufacturing net margin 25.9%

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

6,907 returns 100%

Margin: 7.8% · Receipts: $331.1B

Financial Detail

Total Tax Returns Filed: 6,907
Avg Receipts per Business: $47.9B
Annual Payroll (Total): $27.9B
Avg Employees per Establishment: 68.4

Sub-Industries

Industry	Profit Margin	Employment	Avg Payroll/Emp
Electric Lighting Equipment Manufacturing NAICS 3351	8.8%	34,408	$73,611/yr
Electrical Equipment Manufacturing NAICS 3353	8.7%	125,655	$75,704/yr
Household Appliance Manufacturing NAICS 3352	N/A	56,734	$58,053/yr
Other Electrical Equipment and Component Manufacturing NAICS 3359	3.7%	152,659	$82,438/yr

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
California	33,094	788	$3.6B	$107,831/yr
Wisconsin	25,273	176	$2.0B	$77,871/yr
Pennsylvania	24,327	246	$1.8B	$73,538/yr
Ohio	23,885	272	$1.6B	$66,401/yr
Illinois	19,246	280	$1.5B	$78,005/yr
Texas	19,004	420	$1.4B	$74,175/yr
Georgia	17,099	136	$1.2B	$67,773/yr
Tennessee	16,926	102	$1.1B	$63,157/yr
North Carolina	16,610	138	$1.2B	$71,760/yr
Michigan	12,988	234	$919.7M	$70,810/yr

Showing top 10 of 48 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

569

Total Loan Volume

$551M

Avg Loan Size

$969K

Jobs Supported

9,815

Program Breakdown

7(a) 467 (82%)

504 102 (18%)

Top SBA Lender

The Huntington National Bank

26 loans in this industry

New Business Share

18.8% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020

2021

2022

2023

2024

2025

121

2026

View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Electrical Equipment, Appliance, and Component Manufacturing?

$331.1B in total annual receipts across all Electrical Equipment, Appliance, and Component Manufacturing businesses. Average per business: $47.9B.

How profitable is Electrical Equipment, Appliance, and Component Manufacturing?

7.8% net profit margin, in line with the national median.

How many businesses are in Electrical Equipment, Appliance, and Component Manufacturing?

5,398 business establishments. Together they employ 369,456 workers.

What is the average payroll per employee in Electrical Equipment, Appliance, and Component Manufacturing?

$75,581/yr average annual pay per employee. Businesses average 68.4 employees per establishment.

Which states have the most Electrical Equipment, Appliance, and Component Manufacturing employment?

California leads with 33,094 workers. Wisconsin (25,273) and Pennsylvania (24,327) round out the top three.

How much SBA lending does Electrical Equipment, Appliance, and Component Manufacturing receive?

Electrical Equipment, Appliance, and Component Manufacturing businesses received 569 SBA loans totaling $551 million between FY2020 and FY2026. The average loan size was $969K. These loans supported 9,815 jobs at origination. Most lending (82%) 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.

Closest reported net margins

Same NAICS detail level, ordered by the smallest difference in reported IRS pre-tax margin.

Machinery Manufacturing 7.7%
Specialty Trade Contractors 7.6%
Administrative and Support Services 8.2%

Closest workforce scale

Same NAICS detail level, ordered by the smallest difference in reported Census employment.

Furniture and Related Product Manufacturing 355,594
Primary Metal Manufacturing 354,914
Printing and Related Support Activities 386,248

Benchmarking Electrical Equipment, Appliance, and Component Manufacturing

Net margin: 7.8% vs sector. Browse Manufacturing
5,398 establishments, 369,456 workers. Payroll benchmarks
569 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 335 · 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 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.