Farm Machinery and Equipment Manufacturing Revenue Benchmarks

How much does the average farm machinery and equipment manufacturing business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$19.1M

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$315K

per year

👤

Total Businesses

1,022

in the US

🏢

Est. Owner Income

$1.9M

small business avg

💵

Labor Cost

22.0%

of revenue

👥

Avg Employee Wage

$76K

per year (BLS)

💼

Market Saturation

0.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$419K
5-9 employees
$1.4M
10-19 employees
$3.1M
20-99 employees
$10.2M
100-499 employees
$45.3M
500+ employees
$353.4M

🏆 Highest Revenue States

1.Iowa$51.6M avg2.Illinois$49.3M avg3.Wisconsin$47.7M avg4.Georgia$30.9M avg5.North Carolina$27.2M avg6.Nebraska$26.9M avg7.New York$22.3M avg8.Ohio$21.1M avg9.Kansas$20.3M avg10.North Dakota$19.7M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

5.75%

openings/year

Closure Rate

6.01%

closings/year

Net Job Growth

+3.35%

annual

Businesses Closed

122

in 2023

Firm Count Trend

19
20
21
22
23
2,376 firms2,277 firms

💡 Should You Start a Farm Machinery and Equipment Manufacturing Business?

Startup Cost

$50K – $250K

Break-Even

1 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Machine Shops$3.2MCommercial Printing (except Screen and Books)$5.8MRetail Bakeries$1.8MWood Kitchen Cabinet and Countertop Manufacturing$3.3MSign Manufacturing$2.9M

Compare Farm Machinery and Equipment Manufacturing revenue with other industries:

vs Machinevs Commercialvs Retail