Profit Margin
8.7%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 3353
NAICS 3353 · IRS SOI 2023 · Census CBP
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 July 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
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.
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.
Where each dollar of Electrical Equipment Manufacturing revenue goes
Workforce scale
Electrical Equipment Manufacturing margin vs national reference points
Electrical Equipment Manufacturing net margin 29.0%
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
1,817 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 |
|---|---|
| Electrical Equipment Manufacturing NAICS 33531 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 9,073 |
| California | 8,169 |
| Illinois | 7,967 |
| North Carolina | 7,651 |
| Ohio | 5,529 |
| Pennsylvania | 5,432 |
| Minnesota | 5,222 |
| Tennessee | 4,811 |
| Georgia | 4,283 |
| New York | 3,620 |
Showing top 10 of 43 states
SBA Lending Activity
SBA FY2020–2026SBA 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 13
2021 19
2022 11
2023 13
2024 29
2025 16
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.
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: Electrical Equipment Manufacturing reports a higher net margin than 76% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 38% 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.
- Performing Arts Companies 127,604
- Paper and Paper Product Merchant Wholesalers 128,040
- Specialized Design Services 130,292
Benchmarking Electrical Equipment Manufacturing
- Net margin: 8.7% vs sector. Browse Manufacturing
- 1,793 establishments, 125,655 workers. Payroll benchmarks
- 101 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 3353 · 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.