Hardware Manufacturing in Minnesota
Revenue benchmarks for hardware manufacturing businesses operating in Minnesota.
#16 of 50 states+9.4% vs national avg
Average Revenue
$17.0M
per year
Businesses
12
in Minnesota
Revenue / Employee
$236K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.2
firms per 100K in MN
Total Revenue
$204.4M
all firms in MN
Total Employees
867
in MN
How Minnesota Compares
National Average$15.6M
Minnesota$17.0M
Difference+$1.5M (+9.4%)