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The phrase "average company" is correct and usable in written English.
It can be used to describe a business that is typical or standard in its performance, size, or characteristics compared to others in the same industry.
Example: "In terms of revenue and employee satisfaction, our firm is performing better than the average company in the sector."
Alternatives: "typical business" or "standard firm".
Exact(58)
"The average company wouldn't know it's there".
Suppose Salesforce can expand faster than the average company for 10 years before falling in line.
The average company spends only $800 per employee per year, about 1.25% of the annual payroll.
But Apple's sales growth is nearly 10 times faster than that of the average company.
That is not an expense that your average company must bear.
The average company in the industry trades with a price/sales ratio of 3.45.
That is over 60percentt more than in the average company its size.
The average company in the Standard & Poor's 500-stock index trades at 25 times earnings.
Assignments are rotated, so in an average company a fireman is on theatre duty once a week.
Although the average company has prospered, there have been disasters; plenty of firms and some whole industries need a rethink.
Similar(1)
The average company planned to reduce employment by almost 2percentt.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com