Employment
374,989
Total employees (Census CBP)
Wholesale Trade ·NAICS 423830
NAICS 423830 · IRS SOI 2023 · Census CBP
Industrial Machinery and Equipment Merchant Wholesalers - Industry Benchmarks
$91,835/yr average annual pay, with 614 SBA loans on record for NAICS 423830.
- 4.1%
- Wholesale Trade sector margin
- 375K
- Workers employed
- $91,835/yr
- Avg payroll / employee
- $509M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 423830
Texas leads Industrial Machinery and Equipment Merchant Wholesalers activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Wholesale Trade sector runs a 4.1% net margin.
- 4.1%
- Wholesale Trade sector margin (IRS SOI)
- 375K
- Workers employed (Census CBP)
- $91,835/yr
- Avg payroll / employee
- $509M
- SBA lending, FY20–26
Benchmarking Insights for Industrial Machinery and Equipment Merchant Wholesalers
Industrial Machinery and Equipment Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
25,949 establishments employ 374,989 workers (14.4/location) at $91,835/yr average annual pay. Texas leads employment, followed by California and Illinois.
Avg Payroll / Employee
$91,835/yr
Annual compensation
Establishments
25,949
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 7,324; establishment count decreased by 706. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $34.4B
- Avg Employees per Establishment
- 14.4
Top States by Employment
| State | Employment |
|---|---|
| Texas | 49,166 |
| California | 28,514 |
| Illinois | 26,097 |
| Ohio | 21,645 |
| Michigan | 18,905 |
| Pennsylvania | 18,905 |
| Florida | 15,896 |
| North Carolina | 14,413 |
| Georgia | 13,819 |
| New York | 11,159 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
614
Total Loan Volume
$509M
Avg Loan Size
$829K
Jobs Supported
5,307
Program Breakdown
7(a) 517 (84%)
504 97 (16%)
Top SBA Lender
The Huntington National Bank
35 loans in this industry
New Business Share
13.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 84
2021 102
2022 98
2023 106
2024 104
2025 105
2026 15
Frequently Asked Questions
How profitable is Industrial Machinery and Equipment Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 423830 level. Texas leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Industrial Machinery and Equipment Merchant Wholesalers?
25,949 business establishments. Together they employ 374,989 workers.
What is the average payroll per employee in Industrial Machinery and Equipment Merchant Wholesalers?
$91,835/yr average annual pay per employee. Businesses average 14.4 employees per establishment.
Which states have the most Industrial Machinery and Equipment Merchant Wholesalers employment?
Texas leads with 49,166 workers. California (28,514) and Illinois (26,097) round out the top three.
How much SBA lending does Industrial Machinery and Equipment Merchant Wholesalers receive?
Industrial Machinery and Equipment Merchant Wholesalers businesses received 614 SBA loans totaling $509 million between FY2020 and FY2026. The average loan size was $829K. These loans supported 5,307 jobs at origination. Most lending (84%) 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: Its Census employment total exceeds 92% of that same 801-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 workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
- Automotive Parts and Accessories Stores 380,068
- Electric Power Distribution 364,535
- Beauty Salons 391,064
Benchmarking Industrial Machinery and Equipment Merchant Wholesalers
- No margin data, check the parent industry. Browse Wholesale Trade
- 25,949 establishments, 374,989 workers. Payroll benchmarks
- 614 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 423830 · 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.