Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing in Michigan
Revenue benchmarks for air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing businesses operating in Michigan.
#23 of 50 states-41.2% vs national avg
Average Revenue
$21.7M
per year
Businesses
30
in Michigan
Revenue / Employee
$248K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$651.0M
all firms in MI
Total Employees
2,620
in MI
How Michigan Compares
National Average$36.9M
Michigan$21.7M
Difference$15.2M (-41.2%)