Plate Work Manufacturing in Michigan
Revenue benchmarks for plate work manufacturing businesses operating in Michigan.
#8 of 50 states+20.1% vs national avg
Average Revenue
$7.7M
per year
Businesses
83
in Michigan
Revenue / Employee
$262K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.8
firms per 100K in MI
Total Revenue
$638.6M
all firms in MI
Total Employees
2,437
in MI
How Michigan Compares
National Average$6.4M
Michigan$7.7M
Difference+$1.3M (+20.1%)