Profit Margin
0.1%
Net income ÷ total receipts (IRS SOI)
Wholesale Trade ·NAICS 4247
NAICS 4247 · IRS SOI 2023 · Census CBP
Petroleum and Petroleum Products Merchant Wholesalers - Industry Benchmarks
$105,894/yr average annual pay, with 110 SBA loans on record for NAICS 4247.
- 0.1%
- Net margin
- 102K
- Workers employed
- $105,894/yr
- Avg payroll / employee
- $93M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 4247
Petroleum and Petroleum Products Merchant Wholesalers runs a 0.1% pre-tax net margin - significantly below average, typical of high-volume, low-margin sectors - across 6K establishments employing 102K workers.
- 0.1%
- Pre-tax net margin (IRS SOI)
- 102K
- Workers employed (Census CBP)
- $105,894/yr
- Avg payroll / employee
- $93M
- SBA lending, FY20–26
Benchmarking Insights for Petroleum and Petroleum Products Merchant Wholesalers
Petroleum and Petroleum Products Merchant Wholesalers sits inside Wholesale Trade at a 0.1% net margin (significantly below average, typical of high-volume, low-margin sectors), $699.7B in aggregate receipts across 7,083 returns, averaging $98.8B per establishment.
6,213 establishments employ 101,780 workers (16.4/location) at $105,894/yr average annual pay. Texas leads employment, followed by California and Illinois.
Total Receipts
$699.7B
Annual revenue (IRS SOI)
Net Income
$729.9M
Pre-tax net income
Employment
101,780
Total employees (Census CBP)
Avg Payroll / Employee
$105,894/yr
Annual compensation
Establishments
6,213
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 1,888; establishment count decreased by 112. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Petroleum and Petroleum Products Merchant Wholesalers revenue goes
Workforce scale
Petroleum and Petroleum Products Merchant Wholesalers margin vs national reference points
Petroleum and Petroleum Products Merchant Wholesalers net margin 0.3%
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
7,083 returns 100%
Margin: 0.1% · Receipts: $699.7B
Financial Detail
- Total Tax Returns Filed
- 7,083
- Avg Receipts per Business
- $98.8B
- Annual Payroll (Total)
- $10.8B
- Avg Employees per Establishment
- 16.4
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) NAICS 42472 | N/A |
| Petroleum Bulk Stations and Terminals NAICS 42471 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 18,715 |
| California | 7,480 |
| Illinois | 4,471 |
| Louisiana | 3,533 |
| Michigan | 3,422 |
| Georgia | 2,899 |
| Pennsylvania | 2,730 |
| New York | 2,677 |
| Massachusetts | 2,204 |
| Indiana | 2,148 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
110
Total Loan Volume
$93M
Avg Loan Size
$848K
Jobs Supported
969
Program Breakdown
7(a) 98 (89%)
504 12 (11%)
Top SBA Lender
Wells Fargo Bank National Association
6 loans in this industry
New Business Share
21.8% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 15
2021 24
2022 18
2023 12
2024 19
2025 21
2026 1
Frequently Asked Questions
What is the average revenue for Petroleum and Petroleum Products Merchant Wholesalers?
$699.7B in total annual receipts across all Petroleum and Petroleum Products Merchant Wholesalers businesses. Average per business: $98.8B.
How profitable is Petroleum and Petroleum Products Merchant Wholesalers?
0.1% net profit margin, significantly below average, typical of high-volume, low-margin sectors.
How many businesses are in Petroleum and Petroleum Products Merchant Wholesalers?
6,213 business establishments. Together they employ 101,780 workers.
What is the average payroll per employee in Petroleum and Petroleum Products Merchant Wholesalers?
$105,894/yr average annual pay per employee. Businesses average 16.4 employees per establishment.
Which states have the most Petroleum and Petroleum Products Merchant Wholesalers employment?
Texas leads with 18,715 workers. California (7,480) and Illinois (4,471) round out the top three.
How much SBA lending does Petroleum and Petroleum Products Merchant Wholesalers receive?
Petroleum and Petroleum Products Merchant Wholesalers businesses received 110 SBA loans totaling $93 million between FY2020 and FY2026. The average loan size was $848K. These loans supported 969 jobs at origination. Most lending (89%) 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: Petroleum and Petroleum Products Merchant Wholesalers reports a higher net margin than 6% of the 126 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 34% 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.
Benchmarking Petroleum and Petroleum Products Merchant Wholesalers
- Net margin: 0.1% vs sector. Browse Wholesale Trade
- 6,213 establishments, 101,780 workers. Payroll benchmarks
- 110 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 4247 · 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.