Plate Work Manufacturing vs Machine Shops
Side-by-side revenue comparison of these two business types.
| Metric | Plate Work | Machine Shops |
|---|---|---|
| Average Revenue | $6.4M | $3.2M |
| Profit Margin | 10.0% | 10.0% |
| Est. Owner Income | $641K | $324K |
| Revenue / Employee | $261K | $268K |
| Labor Cost % | 22.0% | 22.0% |
| Total Businesses | 1,506 | 17,275 |
| Startup Cost (Low) | $50K | $50K |
| Startup Cost (High) | $250K | $250K |
| 5-Year Survival Rate | 50.0% | 50.0% |
| YoY Growth | 5.0% | 5.0% |
| Avg Employee Wage | $73K | $66K |