Crude Petroleum Extraction in Michigan
Revenue benchmarks for crude petroleum extraction businesses operating in Michigan.
#19 of 50 states-74.3% vs national avg
Average Revenue
$4.5M
per year
Businesses
37
in Michigan
Revenue / Employee
$544K
per year
Labor Cost
15.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$166.4M
all firms in MI
Total Employees
306
in MI
How Michigan Compares
National Average$17.5M
Michigan$4.5M
Difference$13.0M (-74.3%)