Machine Shops Revenue Benchmarks

How much does the average machine shops business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$3.2M

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$268K

per year

👤

Total Businesses

17,275

in the US

🏢

Est. Owner Income

$324K

small business avg

💵

Labor Cost

22.0%

of revenue

👥

Avg Employee Wage

$66K

per year (BLS)

💼

Market Saturation

5.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$432K
5-9 employees
$1.5M
10-19 employees
$3.4M
20-99 employees
$10.2M
100-499 employees
$30.2M
500+ employees
$37.2M

🏆 Highest Revenue States

1.Maryland$5.0M avg2.Minnesota$4.7M avg3.Massachusetts$4.7M avg4.Wisconsin$4.2M avg5.Vermont$4.0M avg6.New Hampshire$3.8M avg7.Michigan$3.8M avg8.Iowa$3.7M avg9.Mississippi$3.7M avg10.Pennsylvania$3.7M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.97%

openings/year

Closure Rate

6.43%

closings/year

Net Job Growth

+0.94%

annual

Businesses Closed

1,157

in 2023

Firm Count Trend

19
20
21
22
23
21,115 firms19,834 firms

💡 Should You Start a Machine Shops Business?

Startup Cost

$50K – $250K

Break-Even

6 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Commercial Printing (except Screen and Books)$5.8MRetail Bakeries$1.8MWood Kitchen Cabinet and Countertop Manufacturing$3.3MSign Manufacturing$2.9MCommercial Screen Printing$2.5M

Compare Machine Shops revenue with other industries:

vs Commercialvs Retailvs Wood