Farm Machinery and Equipment Manufacturing in Michigan
Revenue benchmarks for farm machinery and equipment manufacturing businesses operating in Michigan.
#21 of 50 states-55.9% vs national avg
Average Revenue
$8.4M
per year
Businesses
26
in Michigan
Revenue / Employee
$256K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.3
firms per 100K in MI
Total Revenue
$218.4M
all firms in MI
Total Employees
854
in MI
How Michigan Compares
National Average$19.1M
Michigan$8.4M
Difference$10.7M (-55.9%)