Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Massachusetts
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Massachusetts.
#4 of 50 states+85.9% vs national avg
Average Revenue
$28.8M
per year
Businesses
731
in Massachusetts
Revenue / Employee
$416K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
10.4
firms per 100K in MA
Total Revenue
$21.0B
all firms in MA
Total Employees
50,544
in MA
How Massachusetts Compares
National Average$15.5M
Massachusetts$28.8M
Difference+$13.3M (+85.9%)