business
COMPANY BENCHMARKING • UNITED STATES

Michels Corporation - Company Profile

Access all 5,000+ company profiles through Benchmarking Pro, available to Membership Plus subscribers. Unlock interactive competitor comparison tools that show you how Michels Corporation stacks up to the competition and put relevant competitor and industry information at your fingertips.


Michels Corporation - Overview

Description
Michels Corporation is a private company with an estimated 8,000 employees. In the US, the company has a notable market share in at least two industries: Oil & Gas Pipeline Construction and Oil & Gas Field Services. Their largest market share is in the Oil & Gas Pipeline Construction industry, where they account for an estimated 3.4% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Michels Corporation

Company Type: Other

Employees: 8000

Michels Corporation - Operating Industries and Main Competitors

error_outline To view all of Michels Corporation's operating industries and competitors, see purchase options.

Michels Corporation - Products and Services

  • Oil & Gas Field Services in the US

  • Of the 7 core revenue-generating products and services in the Oil & Gas Field Services in the US industry, Michels Corporation offers:
    • Natural gas drilling services
    • Natural gas well support services
    • Oil drilling services
    • AAAAA AAAAA
  • Oil & Gas Pipeline Construction in the US

  • Of the 3 core revenue-generating products and services in the Oil & Gas Pipeline Construction in the US industry, Michels Corporation offers:
    • New pipelines
    • Pipeline additions and alterations
    • Pipeline maintenance
error_outline To view Michels Corporation's full products and services, see purchase options.

Michels Corporation - Analyst Insights

Michel expands marine operations with latest acquisition

In November 2021, Michels Construction, a subsidiary of Michels, acquired two companies, PCi Dredging (PCi) and Great Lakes Diving and Salvage (GLD), expanding its marine construction services. PCi uses dredging and other services to expand and restore waterways and shorelands. GLD employees are trained and certified divers for inland and offshore underwater construction and diving services. Furthermore, it also provides design, fabrication and installation of underwater solutions. These acquisitions will be integral to Michel's long-term success.

Balance Sheet|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

error_outline To view all analyst insights on Michels Corporation, see purchase options.

Michels Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Michels Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Oil & Gas Field Services in the US, and Oil & Gas Pipeline Construction in the US industries.
Strengths
Days Receivables: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
  • AAAAA
  • AAAAA
  • AAAAA
Threats
  • AAAAA
  • AAAAA
  • AAAAA

error_outline To view Michels Corporation's full SWOT analysis, see purchase options.

Michels Corporation - Financial Statements & Ratios

pie_chartMichels Corporation Income Statement

BALANCE DATE12/31/2022
Revenue929.3
Cost of Revenue0000
Cost of Revenue, Non-Cash0000
Gross Profit0000
AAAAAA AAAAAA0000

pie_chartMichels Corporation Balance Sheet

BALANCE DATE12/31/2022
Cash and EquivalentsN/A
Short-Term Investments0000
Derivative Assets, Current0000
Restricted Cash and Investments0000
AAAAAA AAAAAA0000

pie_chartMichels Corporation Cash Flow

BALANCE DATE12/31/2022
Net IncomeN/A
Income (Loss) From Discontinued Operations0000
Depreciation, Depletion and Amortization0000
Amortization of Financing Costs and Discounts0000
AAAAAA AAAAAA0000

error_outline To view all financial data for Michels Corporation, see purchase options.

GET INSTANT ACCESS WITH MEMBERSHIP PLUS

100% Money Back Guarantee Digicert Trusted

BENCHMARKING PRO

What's Inside
Benchmarking Pro?

Available with US Membership Plus packages, this suite of company and industry data:

Benchmarks companies against industry averages or like-sized segments, as well as close competitors
Identifies real-world strengths, opportunites, weaknesses and threats
Reveals growth opportunities or red flags in a business growth strategy

Included in Report

  • Enterprise History & Synopsis
    Enterprise History & Synopsis
  • Enterprise Financial Statements
    Company Financial Statements
  • Financial Ratios
    Industry Market Share Breakdown
  • Industry Averages
    Industry Competitor Matrix
  • Competitive Landscape
    SWOT Analysis
  • Key Enterprise Personnel
    Products and Services
  • Subsidiaries & Ownership Structure
    Key Company Benchmarks

Why purchase access to Benchmarking Pro?

This profile on Michels Corporation includes:

  • Company Overview
  • Company Revenue and Employee Data
  • Company Financial Statements
  • Industry Market Share Breakdown
  • Industry Competitor Matrix
  • SWOT Analysis
  • Products and Services
  • Key Company Benchmarks
  • Interconnected Competitor Profiles and Industry Reports
  • Full Access to Benchmarking Pro

The IBISWorld Benchmarking Pro solution enables you to:

  • Understand an enterprise’s competitive landscape and how they perform within a like-sized industry segment.
  • Benchmark companies against industry averages, segment averages and their competitors.
  • Identify real-world strengths, opportunities, weaknesses and threats for companies.
  • Target growth opportunities or spot red flags in a business growth strategy.
  • Toggle between company profiles and industry reports for a 360 degree view of a company's position.

IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal