Cutting Tool and Machine Tool Accessory Manufacturing in Michigan
Revenue benchmarks for cutting tool and machine tool accessory manufacturing businesses operating in Michigan.
#10 of 50 states+0.0% vs national avg
Average Revenue
$6.5M
per year
Businesses
171
in Michigan
Revenue / Employee
$321K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
1.7
firms per 100K in MI
Total Revenue
$1.1B
all firms in MI
Total Employees
3,488
in MI
How Michigan Compares
National Average$6.5M
Michigan$6.5M
Difference+$375 (+0.0%)