Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in Virginia
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in Virginia.
#9 of 50 states+13.0% vs national avg
Average Revenue
$17.5M
per year
Businesses
307
in Virginia
Revenue / Employee
$266K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
3.6
firms per 100K in VA
Total Revenue
$5.4B
all firms in VA
Total Employees
20,179
in VA
How Virginia Compares
National Average$15.5M
Virginia$17.5M
Difference+$2.0M (+13.0%)