Precision Turned Product Manufacturing in Michigan
Revenue benchmarks for precision turned product manufacturing businesses operating in Michigan.
#7 of 50 states+33.9% vs national avg
Average Revenue
$9.4M
per year
Businesses
301
in Michigan
Revenue / Employee
$252K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
3.0
firms per 100K in MI
Total Revenue
$2.8B
all firms in MI
Total Employees
11,252
in MI
How Michigan Compares
National Average$7.0M
Michigan$9.4M
Difference+$2.4M (+33.9%)