Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) Revenue Benchmarks

How much does the average petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$15.4M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$875K

per year

👤

Total Businesses

1,786

in the US

🏢

Est. Owner Income

$617K

small business avg

💵

Labor Cost

12.0%

of revenue

👥

Avg Employee Wage

$117K

per year (BLS)

💼

Market Saturation

0.5

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$1.1M
5-9 employees
$4.5M
10-19 employees
$8.3M
20-99 employees
$17.0M
100-499 employees
$71.8M
500+ employees
$104.9M

🏆 Highest Revenue States

1.Texas$29.5M avg2.Kansas$21.3M avg3.Minnesota$17.2M avg4.Massachusetts$16.9M avg5.Florida$16.4M avg6.Colorado$15.0M avg7.New York$14.3M avg8.California$13.6M avg9.Georgia$13.2M avg10.Washington$13.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

7.26%

openings/year

Closure Rate

4.84%

closings/year

Net Job Growth

+2.4%

annual

Businesses Closed

156

in 2023

Firm Count Trend

19
20
21
22
23
3,631 firms3,335 firms

💡 Should You Start a Petroleum and Petroleum Products Merchant Wholesalers Business?

Startup Cost

$50K – $250K

Break-Even

3 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Wholesale Trade Agents and Brokers$3.9MIndustrial Machinery and Equipment Merchant Wholesalers$12.2MOther Grocery and Related Products Merchant Wholesalers$14.3MOther Miscellaneous Nondurable Goods Merchant Wholesalers$3.7MOther Miscellaneous Durable Goods Merchant Wholesalers$5.5M

Compare Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) revenue with other industries:

vs Wholesalevs Industrialvs Other