Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in New Mexico
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in New Mexico.
#6 of 50 states+48.7% vs national avg
Average Revenue
$23.0M
per year
Businesses
114
in New Mexico
Revenue / Employee
$163K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
5.4
firms per 100K in NM
Total Revenue
$2.6B
all firms in NM
Total Employees
16,099
in NM
How New Mexico Compares
National Average$15.5M
New Mexico$23.0M
Difference+$7.5M (+48.7%)