Engineering Firms

Industry Description

This industry comprises establishments primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. The assignments undertaken by these establishments may involve any of the following activities: provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, provision of technical services during the construction or installation phase, inspection and evaluation of engineering projects, and related services.

Benchmark Data

$1 Million - $5 Million Net Sales

  • MVIC/Net Sales: 0.73
  • MVIC/Gross Profit: 1.09
  • MVIC/SDE: 2.45
  • MVIC/EBITDA: 5.06

Statistics (Engineering Services)

  • Number of Establishments: 161,523
  • Average Profit Margin: 9.6%
  • Revenue per Employee: $239,000
  • Average Number of Employees: 8.6
  • Average Wages per Employee: $99,845