Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) in Michigan
Revenue benchmarks for petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) businesses operating in Michigan.
#27 of 50 states-52.8% vs national avg
Average Revenue
$7.3M
per year
Businesses
65
in Michigan
Revenue / Employee
$597K
per year
Labor Cost
12.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
0.6
firms per 100K in MI
Total Revenue
$473.5M
all firms in MI
Total Employees
793
in MI
How Michigan Compares
National Average$15.4M
Michigan$7.3M
Difference$8.1M (-52.8%)