Machine Tool Manufacturing in Michigan
Revenue benchmarks for machine tool manufacturing businesses operating in Michigan.
#21 of 50 states-19.5% vs national avg
Average Revenue
$5.9M
per year
Businesses
186
in Michigan
Revenue / Employee
$333K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
1.8
firms per 100K in MI
Total Revenue
$1.1B
all firms in MI
Total Employees
3,284
in MI
How Michigan Compares
National Average$7.3M
Michigan$5.9M
Difference$1.4M (-19.5%)