Navigational Services to Shipping in Michigan
Revenue benchmarks for navigational services to shipping businesses operating in Michigan.
#9 of 50 states+32.4% vs national avg
Average Revenue
$5.2M
per year
Businesses
6
in Michigan
Revenue / Employee
$660K
per year
Labor Cost
35.0%
of revenue
Profit Margin
5.0%
industry average
Market Saturation
0.1
firms per 100K in MI
Total Revenue
$31.0M
all firms in MI
Total Employees
47
in MI
How Michigan Compares
National Average$3.9M
Michigan$5.2M
Difference+$1.3M (+32.4%)