Machine Shops in Michigan
Revenue benchmarks for machine shops businesses operating in Michigan.
#7 of 50 states+15.8% vs national avg
Average Revenue
$3.8M
per year
Businesses
931
in Michigan
Revenue / Employee
$273K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
9.2
firms per 100K in MI
Total Revenue
$3.5B
all firms in MI
Total Employees
12,787
in MI
How Michigan Compares
National Average$3.2M
Michigan$3.8M
Difference+$512K (+15.8%)