Precision Turned Product Manufacturing Revenue Benchmarks

How much does the average precision turned product manufacturing business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$7.0M

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$267K

per year

👤

Total Businesses

3,853

in the US

🏢

Est. Owner Income

$703K

small business avg

💵

Labor Cost

22.0%

of revenue

👥

Avg Employee Wage

$66K

per year (BLS)

💼

Market Saturation

1.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$594K
5-9 employees
$1.6M
10-19 employees
$3.5M
20-99 employees
$10.4M
100-499 employees
$35.3M
500+ employees
$64.0M

🏆 Highest Revenue States

1.Vermont$21.0M avg2.Maine$18.7M avg3.Ohio$10.6M avg4.Minnesota$10.0M avg5.Illinois$9.9M avg6.Wisconsin$9.9M avg7.Michigan$9.4M avg8.Connecticut$8.8M avg9.Rhode Island$8.8M avg10.Iowa$8.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.97%

openings/year

Closure Rate

6.43%

closings/year

Net Job Growth

+0.94%

annual

Businesses Closed

1,157

in 2023

Firm Count Trend

19
20
21
22
23
21,115 firms19,834 firms

💡 Should You Start a Precision Turned Product Manufacturing Business?

Startup Cost

$50K – $250K

Break-Even

3 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Machine Shops$3.2MCommercial Printing (except Screen and Books)$5.8MRetail Bakeries$1.8MWood Kitchen Cabinet and Countertop Manufacturing$3.3MSign Manufacturing$2.9M

Compare Precision Turned Product Manufacturing revenue with other industries:

vs Machinevs Commercialvs Retail