Profit Margin
9.6%
Net income ÷ total receipts (IRS SOI)
Health Care and Social Assistance ·NAICS 624
Profit margins, payroll, employment, and SBA lending for Health Care and Social Assistance (NAICS 624). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.
Health Care and Social Assistance (NAICS 624) operates at a 9.6% net profit margin, in line with the national median. The industry generates $139.4B in total annual receipts across all business entities filing federal tax returns. Census Bureau data identifies 199,242 business establishments employing 3,742,670 workers nationwide.
The average employee earns $33,470/yr in annual compensation, while the typical business in this industry generates $156.3M in revenue. Businesses average 18.8 employees per establishment. New York leads in employment concentration for this industry.
When you read the 9.6% net profit margin for Health Care and Social Assistance, the number only becomes actionable when paired with scale. This industry sits inside the broader Health Care and Social Assistance sector and reports $139.4B of aggregate annual receipts across 891,763 federal tax returns. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases, while the typical establishment here generates $156.3M per year. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.
Labor economics tell the second half of the story. Census CBP shows 199,242 active establishments employing 3,742,670 workers, averaging 18.8 employees per location and paying $33,470/yr per employee annually. New York leads the geographic distribution of employment, with California and Texas rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.
Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 8,664 loans worth $6.7 billion between FY2020 and FY2025, supporting 159,364 jobs at origination. The average ticket size — $768K — signals the typical capital gap operators bridge when expanding. The Huntington National Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.
Profit Margin
9.6%
Net income ÷ total receipts (IRS SOI)
Total Receipts
$139.4B
Annual revenue (IRS SOI)
Net Income
$13.4B
Pre-tax net income
Employment
3,742,670
Total employees (Census CBP)
Avg Payroll / Employee
$33,470/yr
Annual compensation
Establishments
199,242
Business locations
Decomposition of every dollar of Health Care and Social Assistance receipts using IRS SOI 2023 aggregate ratios.
Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.
Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).
How businesses in this industry are legally structured (IRS SOI)
Margin: 3.4% · Receipts: $114.3B
Margin: 38.1% · Receipts: $25.1B
| Industry | Profit Margin |
|---|---|
| Health Care and Social Assistance NAICS 6241 | N/A |
| Health Care and Social Assistance NAICS 6242 | N/A |
| Health Care and Social Assistance NAICS 6243 | N/A |
| Health Care and Social Assistance NAICS 6244 | N/A |
| State | Employment |
|---|---|
| New York | 456,801 |
| California | 388,602 |
| Texas | 289,565 |
| Pennsylvania | 238,056 |
| Illinois | 184,338 |
| Florida | 144,522 |
| Ohio | 126,140 |
| New Jersey | 104,565 |
| Massachusetts | 102,064 |
| Minnesota | 101,619 |
Showing top 10 of 51 states
Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.
SBA Loans Approved
8,664
FY2020–2025
Total Loan Volume
$6.7B
7(a) + 504 programs
Avg Loan Size
$768K
Per approved loan
Jobs Supported
159,364
Reported at origination
Top SBA Lender
The Huntington National Bank
561 loans in this industry
New Business Share
37.1% of borrowers were new/startup businesses
SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.
Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →
How to Benchmark Your Business
Use IRS and Census data to compare your financials against industry peers
Understanding Profit Margins by Industry
What IRS profit margin data means and how industries compare
Small Business Financial Benchmarks
Revenue, profit margin, and payroll benchmarks for small businesses
Industry Employment Trends (Census 2023)
Which industries are growing and what Census data reveals
Salary Data
Occupation Wage Benchmarks
BLS salary data by occupation and metro area on WageDex
Labor Market
Industry Labor Statistics
BLS labor force and employment projections by industry on PlainLabor
Tax Data
IRS Tax Statistics
Income, deduction, and filing statistics by state on PlainTaxData
Innovation
Patent Activity Data
USPTO patent grants and applications by technology class on PlainPatent
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 624 · Data year: 2023
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 · 2025