Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Utah
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Utah.
#33 of 50 states-74.5% vs national avg
Average Revenue
$3.9M
per year
Businesses
126
in Utah
Revenue / Employee
$225K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
3.9
firms per 100K in UT
Total Revenue
$497.6M
all firms in UT
Total Employees
2,209
in UT
How Utah Compares
National Average$15.5M
Utah$3.9M
Difference$11.5M (-74.5%)