Analytical Laboratory Instrument Manufacturing in Michigan
Revenue benchmarks for analytical laboratory instrument manufacturing businesses operating in Michigan.
#7 of 50 states+41.3% vs national avg
Average Revenue
$55.0M
per year
Businesses
12
in Michigan
Revenue / Employee
$420K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.1
firms per 100K in MI
Total Revenue
$660.0M
all firms in MI
Total Employees
1,570
in MI
How Michigan Compares
National Average$38.9M
Michigan$55.0M
Difference+$16.1M (+41.3%)