NAICS 3353 · IRS SOI 2013 (C corp) · Census CBP 2023

Electrical Equipment Manufacturing - Industry Benchmarks

$75,704/yr average annual pay, with 101 SBA loans on record for NAICS 3353.

8.7%
Net margin: 126K
Workers employed: $75,704/yr
Avg payroll / employee: $108M
SBA lending, FY20–26

Data updated August 2026

The verdict · NAICS 3353

Electrical Equipment Manufacturing runs a 8.7% pre-tax net margin - in line with the national median - across 2K establishments employing 126K workers.

8.7%
Pre-tax net margin (IRS SOI): 126K
Workers employed (Census CBP): $75,704/yr
Avg payroll / employee: $108M
SBA lending, FY20–26

Use Electrical Equipment Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.

Electrical Equipment 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 Electrical Equipment Manufacturing

Electrical Equipment Manufacturing sits inside Manufacturing at a 8.7% net margin (in line with the national median), $59.9B in aggregate receipts across 1,817 returns, averaging $33.0B per establishment.

1,793 establishments employ 125,655 workers (70.1/location) at $75,704/yr average annual pay. Texas leads employment, followed by California and Illinois.

Electrical Equipment Manufacturing sits in the 38th percentile for employment and the 79th percentile for net margin among 4-digit NAICS industries with reported data.

Profit Margin

8.7%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$59.9B

Annual revenue (IRS SOI)

Net Income

$5.2B

Pre-tax net income

Employment

125,655

Total employees (Census CBP)

Avg Payroll / Employee

$75,704/yr

Annual compensation

Establishments

1,793

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 6,293; establishment count decreased by 47. 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 Electrical Equipment Manufacturing revenue goes

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

Workforce scale

Establishment size, Electrical Equipment Manufacturing (Census SUSB)

Electrical Equipment Manufacturing margin vs national reference points

Electrical Equipment Manufacturing net margin 29.0%

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

1,817 returns 100%

Margin: 8.7% · Receipts: $59.9B

Financial Detail

Total Tax Returns Filed: 1,817
Avg Receipts per Business: $33.0B
Annual Payroll (Total): $9.5B
Avg Employees per Establishment: 70.1

Sub-Industries

Industry	Profit Margin	Employment	Avg Payroll/Emp
Electrical Equipment Manufacturing NAICS 33531	N/A	125,655	$75,704/yr

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Texas	9,073	162	$721.0M	$79,461/yr
California	8,169	172	$726.8M	$88,976/yr
Illinois	7,967	104	$615.1M	$77,202/yr
North Carolina	7,651	40	$532.6M	$69,614/yr
Ohio	5,529	101	N/A	N/A
Pennsylvania	5,432	93	N/A	N/A
Minnesota	5,222	55	$392.2M	$75,096/yr
Tennessee	4,811	31	$301.2M	$62,614/yr
Georgia	4,283	43	$346.0M	$80,788/yr
New York	3,620	89	$257.4M	$71,101/yr

Showing top 10 of 43 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

101

Total Loan Volume

$108M

Avg Loan Size

$1073K

Jobs Supported

1,596

Program Breakdown

7(a) 78 (77%)

504 23 (23%)

Top SBA Lender

Northeast Bank

8 loans in this industry

New Business Share

18.8% of borrowers were new/startup businesses

Annual Lending Trend (6 yrs)

2020

2021

2022

2023

2024

2025

View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Electrical Equipment Manufacturing?

$59.9B in total annual receipts across all Electrical Equipment Manufacturing businesses. Average per business: $33.0B.

How profitable is Electrical Equipment Manufacturing?

8.7% net profit margin, in line with the national median.

How many businesses are in Electrical Equipment Manufacturing?

1,793 business establishments. Together they employ 125,655 workers.

What is the average payroll per employee in Electrical Equipment Manufacturing?

$75,704/yr average annual pay per employee. Businesses average 70.1 employees per establishment.

Which states have the most Electrical Equipment Manufacturing employment?

Texas leads with 9,073 workers. California (8,169) and Illinois (7,967) round out the top three.

How much SBA lending does Electrical Equipment Manufacturing receive?

Electrical Equipment Manufacturing businesses received 101 SBA loans totaling $108 million between FY2020 and FY2026. The average loan size was $1073K. These loans supported 1,596 jobs at origination. Most lending (77%) came through the SBA 7(a) program.

Nationwide industries with similar benchmark drivers

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

According to Census County Business Patterns 2023, Electrical Equipment Manufacturing ranks #160 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 #27 of 126 at that same detail level.

Similar reported net margin

Nearest peer industries by ABS(IRS pre-tax margin) (8.7% here).

Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing 8.7% Electric Lighting Equipment Manufacturing 8.8% Other Transportation Equipment Manufacturing 8.5%

Similar workforce scale

Nearest peer industries by ABS(Census employment) (125,655 here).

Performing Arts Companies 127,604 Paper and Paper Product Merchant Wholesalers 128,040 Specialized Design Services 130,292

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 3353 · 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.