Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Ohio
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Ohio.
#18 of 50 states-18.9% vs national avg
Average Revenue
$12.5M
per year
Businesses
253
in Ohio
Revenue / Employee
$215K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
2.1
firms per 100K in OH
Total Revenue
$3.2B
all firms in OH
Total Employees
14,761
in OH
How Ohio Compares
National Average$15.5M
Ohio$12.5M
Difference$2.9M (-18.9%)