Other Industrial Machinery Manufacturing vs Machine Shops

Side-by-side revenue comparison of these two business types.

MetricOther IndustrialMachine Shops
Average Revenue$10.7M$3.2M
Profit Margin10.0%10.0%
Est. Owner Income$1.1M$324K
Revenue / Employee$336K$268K
Labor Cost %22.0%22.0%
Total Businesses1,60717,275
Startup Cost (Low)$50K$50K
Startup Cost (High)$250K$250K
5-Year Survival Rate50.0%50.0%
YoY Growth5.0%5.0%
Avg Employee WageN/A$66K