Research and Development in Biotechnology (except Nanobiotechnology) in Utah
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Utah.
#14 of 50 states-43.6% vs national avg
Average Revenue
$6.6M
per year
Businesses
60
in Utah
Revenue / Employee
$290K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.8
firms per 100K in UT
Total Revenue
$393.1M
all firms in UT
Total Employees
1,357
in UT
How Utah Compares
National Average$11.6M
Utah$6.6M
Difference$5.1M (-43.6%)