Profit Margin
2.9%
Net income ÷ total receipts (IRS SOI)
Health Care and Social Assistance ·NAICS 622
NAICS 622 · IRS SOI 2013 (C corp) · Census CBP 2023
Hospitals - Industry Benchmarks
$80,674/yr average annual pay, with 153 SBA loans on record for NAICS 622.
- 2.9%
- Net margin
- 6.3M
- Workers employed
- $80,674/yr
- Avg payroll / employee
- $96M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 622
Hospitals runs a 2.9% pre-tax net margin - significantly below average, typical of high-volume, low-margin sectors - across 8K establishments employing 6.3M workers.
- 2.9%
- Pre-tax net margin (IRS SOI)
- 6.3M
- Workers employed (Census CBP)
- $80,674/yr
- Avg payroll / employee
- $96M
- SBA lending, FY20–26
Use Hospitals's NAICS benchmark as a comparison point, not a forecast for one business.
Hospitals 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 Hospitals
Hospitals sits inside Health Care and Social Assistance at a 2.9% net margin (significantly below average, typical of high-volume, low-margin sectors), $161.3B in aggregate receipts across 17,356 returns, averaging $9.3B per establishment.
7,523 establishments employ 6,344,178 workers (843.3/location) at $80,674/yr average annual pay. California leads employment, followed by New York and Texas.
Hospitals sits in the 94th percentile for employment and the 24th percentile for net margin among 3-digit NAICS industries with reported data.
Total Receipts
$161.3B
Annual revenue (IRS SOI)
Net Income
$4.6B
Pre-tax net income
Employment
6,344,178
Total employees (Census CBP)
Avg Payroll / Employee
$80,674/yr
Annual compensation
Establishments
7,523
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 191,689; establishment count decreased by 190. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Where each dollar of Hospitals revenue goes
Workforce scale
Hospitals margin vs national reference points
Hospitals net margin 9.5%
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
17,356 returns
Margin: 2.9% · Receipts: $161.3B
Sole Proprietorship SOI 2022
6,184 returns
Margin: 18.5% · Receipts: $1.4B
Financial Detail
- Total Tax Returns Filed
- 17,356
- Avg Receipts per Business
- $9.3B
- Annual Payroll (Total)
- $511.8B
- Avg Employees per Establishment
- 843.3
Sub-Industries
| Industry | Profit Margin |
|---|---|
| General Medical and Surgical Hospitals NAICS 6221 | N/A |
| Psychiatric and Substance Abuse Hospitals NAICS 6222 | N/A |
| Specialty (except Psychiatric and Substance Abuse) Hospitals NAICS 6223 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| California | 620,841 |
| New York | 480,148 |
| Texas | 460,981 |
| Florida | 369,683 |
| Pennsylvania | 310,311 |
| Ohio | 292,786 |
| Illinois | 237,688 |
| Georgia | 186,416 |
| New Jersey | 170,340 |
| Tennessee | 144,432 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
153
Total Loan Volume
$96M
Avg Loan Size
$630K
Jobs Supported
2,115
Program Breakdown
7(a) 149 (97%)
504 4 (3%)
Top SBA Lender
The Huntington National Bank
18 loans in this industry
New Business Share
52.3% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 14
2021 28
2022 23
2023 18
2024 31
2025 35
2026 4
Frequently Asked Questions
What is the average revenue for Hospitals?
$161.3B in total annual receipts across all Hospitals businesses. Average per business: $9.3B.
How profitable is Hospitals?
2.9% net profit margin, significantly below average, typical of high-volume, low-margin sectors.
How many businesses are in Hospitals?
7,523 business establishments. Together they employ 6,344,178 workers.
What is the average payroll per employee in Hospitals?
$80,674/yr average annual pay per employee. Businesses average 843.3 employees per establishment.
Which states have the most Hospitals employment?
California leads with 620,841 workers. New York (480,148) and Texas (460,981) round out the top three.
How much SBA lending does Hospitals receive?
Hospitals businesses received 153 SBA loans totaling $96 million between FY2020 and FY2026. The average loan size was $630K. These loans supported 2,115 jobs at origination. Most lending (97%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Hospitals, both at NAICS level 3 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Hospitals ranks #5 of 77 U.S. industries at the 3-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #57 of 75 at that same detail level.
Similar reported net margin
Nearest peer industries by ABS(IRS pre-tax margin) (2.9% here).
Similar workforce scale
Nearest peer industries by ABS(Census employment) (6,344,178 here).
Read with this industry: Understanding profit margins by industry · Health Care and Social Assistance · 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 622 · 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
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.