Profit Margin
4.8%
Net income ÷ total receipts (IRS SOI)
Manufacturing ·NAICS 337
NAICS 337 · IRS SOI 2023 · Census CBP
Furniture and Related Product Manufacturing - Industry Benchmarks
$52,242/yr average annual pay, with 1,305 SBA loans on record for NAICS 337.
- 4.8%
- Net margin
- 356K
- Workers employed
- $52,242/yr
- Avg payroll / employee
- $883M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 337
Furniture and Related Product Manufacturing runs a 4.8% pre-tax net margin - below the national median - across 14K establishments employing 356K workers.
- 4.8%
- Pre-tax net margin (IRS SOI)
- 356K
- Workers employed (Census CBP)
- $52,242/yr
- Avg payroll / employee
- $883M
- SBA lending, FY20–26
Benchmarking Insights for Furniture and Related Product Manufacturing
Furniture and Related Product Manufacturing sits inside Manufacturing at a 4.8% net margin (below the national median), $64.5B in aggregate receipts across 11,898 returns, averaging $5.4B per establishment.
14,378 establishments employ 355,594 workers (24.7/location) at $52,242/yr average annual pay. North Carolina leads employment, followed by California and Texas.
Total Receipts
$64.5B
Annual revenue (IRS SOI)
Net Income
$3.1B
Pre-tax net income
Employment
355,594
Total employees (Census CBP)
Avg Payroll / Employee
$52,242/yr
Annual compensation
Establishments
14,378
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 15,570; establishment count decreased by 228. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Furniture and Related Product Manufacturing revenue goes
Workforce scale
Furniture and Related Product Manufacturing margin vs national reference points
Furniture and Related Product Manufacturing net margin 15.9%
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
11,898 returns 100%
Margin: 4.8% · Receipts: $64.5B
Financial Detail
- Total Tax Returns Filed
- 11,898
- Avg Receipts per Business
- $5.4B
- Annual Payroll (Total)
- $18.6B
- Avg Employees per Establishment
- 24.7
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Household and Institutional Furniture and Kitchen Cabinet Manufacturing NAICS 3371 | N/A |
| Office Furniture (including Fixtures) Manufacturing NAICS 3372 | N/A |
| Other Furniture Related Product Manufacturing NAICS 3379 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| North Carolina | 30,962 |
| California | 29,016 |
| Texas | 23,124 |
| Indiana | 22,330 |
| Michigan | 19,799 |
| Pennsylvania | 15,017 |
| Ohio | 12,644 |
| Florida | 12,331 |
| Georgia | 11,494 |
| New York | 10,784 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
1,305
Total Loan Volume
$883M
Avg Loan Size
$677K
Jobs Supported
15,514
Program Breakdown
7(a) 1,107 (85%)
504 198 (15%)
Top SBA Lender
The Huntington National Bank
66 loans in this industry
New Business Share
19.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 159
2021 206
2022 198
2023 180
2024 249
2025 287
2026 26
Frequently Asked Questions
What is the average revenue for Furniture and Related Product Manufacturing?
$64.5B in total annual receipts across all Furniture and Related Product Manufacturing businesses. Average per business: $5.4B.
How profitable is Furniture and Related Product Manufacturing?
4.8% net profit margin, below the national median.
How many businesses are in Furniture and Related Product Manufacturing?
14,378 business establishments. Together they employ 355,594 workers.
What is the average payroll per employee in Furniture and Related Product Manufacturing?
$52,242/yr average annual pay per employee. Businesses average 24.7 employees per establishment.
Which states have the most Furniture and Related Product Manufacturing employment?
North Carolina leads with 30,962 workers. California (29,016) and Texas (23,124) round out the top three.
How much SBA lending does Furniture and Related Product Manufacturing receive?
Furniture and Related Product Manufacturing businesses received 1,305 SBA loans totaling $883 million between FY2020 and FY2026. The average loan size was $677K. These loans supported 15,514 jobs at origination. Most lending (85%) 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: Furniture and Related Product Manufacturing reports a higher net margin than 46% of the 79 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 27% of that same 77-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 Furniture and Related Product Manufacturing
- Net margin: 4.8% vs sector. Browse Manufacturing
- 14,378 establishments, 355,594 workers. Payroll benchmarks
- 1,305 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 337 · 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.