Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Maryland
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Maryland.
#15 of 50 states-16.2% vs national avg
Average Revenue
$13.0M
per year
Businesses
338
in Maryland
Revenue / Employee
$265K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
5.5
firms per 100K in MD
Total Revenue
$4.4B
all firms in MD
Total Employees
16,518
in MD
How Maryland Compares
National Average$15.5M
Maryland$13.0M
Difference$2.5M (-16.2%)