Cutting Tool and Machine Tool Accessory Manufacturing in Minnesota
Revenue benchmarks for cutting tool and machine tool accessory manufacturing businesses operating in Minnesota.
#3 of 50 states+78.5% vs national avg
Average Revenue
$11.7M
per year
Businesses
21
in Minnesota
Revenue / Employee
$305K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.4
firms per 100K in MN
Total Revenue
$245.2M
all firms in MN
Total Employees
804
in MN
How Minnesota Compares
National Average$6.5M
Minnesota$11.7M
Difference+$5.1M (+78.5%)