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Machine Shops and Tool & Die Shops

SIC 3599 & 3544 | NAICS 332710 & 333514

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Machine Shops  (view report)
Metalworking Machinery - Special Tools, Dies, Jigs and Fixtures  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast

Gardener Business Media, Inc.
Information resources available from this organization include:

MMS Magazine
Monthly trade magazine features news and information for machine shops, with special features including the metalworking outlook report (December issue) which analyzes equipment spending trends by metalworking facilities based on surveys (Metalworking Capital Spending, Workholding Equipment, and Tooling Equipment) conducted by the publisher. Digital editions of the magazine and surveys can be viewed free online.

Top Shops
Annual benchmarking survey allows machine shop operators to compare their company's business and operating performance with other similar firms. Topics covered in the "Executive Summary" of the survey include shop profiles, machining technology, shop floor practices and performance, business strategy and performance, and human resources. Executive summary and other information can be viewed free online.

Machine Shops

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast

National Tooling & Machining Association
Business Conditions Report

Semiannual report summarizes member survey responses to current business conditions and expectations for the next six months categorized by business segment and geographic region, with any additional commentary included for each segment. Business segments covered include tools, dies, and fixtures; molds; special machines; and machining and fabrication. Current and prior editions are available online with registration.

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Financial Statements and Financial Ratios

Industry Financial Ratios
Machine Shops and Tool & Die Shops  Search for "332710" and "333514"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

National Tooling & Machining Association
Operating Cost Report
Annual survey provides financial and operating performance measures for precision custom tooling and machining manufacturers, with data provided including income statements, balance sheets, and key financial ratios broken out by industry classification, sales volume, and level of profitability (typical vs. high profit). Sample excerpt is available online; full report can be purchased in the association's online store.

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Compensation and Salary Surveys

National Tooling & Machining Association
Executive Compensation Report
Wage & Fringe Benefit Report
Annual surveys provide executive compensation and wage and fringe benefit data for salaried and hourly personnel employed by precision custom tooling and machining manufacturers, with compensation data broken out by industry classification, annual sales volume, and geographic region. Sample excerpts are available online; full reports can be purchased in the association's online store.

Gardener Business Media, Inc.
Top Shops
Human resources section of the executive summary includes average hourly rates for CAM (computer-aided manufacturing) programmers, machine operators, and set-up personnel, with statistical measures including average, median, 20th percentile, and 80th percentile. Executive summary can be viewed free online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Machinists and Tool and Die Makers
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

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Business Valuation Resources

Small Business Valuation Multiples

Machine Shops

Comprehensive reference guide provides market-based business valuation multiples for small businesses in more than 200 industries. Valuation multiples are derived from actual business sales transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.

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