Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) in West Virginia
Revenue benchmarks for research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology) businesses operating in West Virginia.
#30 of 50 states-69.8% vs national avg
Average Revenue
$4.7M
per year
Businesses
32
in West Virginia
Revenue / Employee
$147K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.8
firms per 100K in WV
Total Revenue
$149.6M
all firms in WV
Total Employees
1,021
in WV
How West Virginia Compares
National Average$15.5M
West Virginia$4.7M
Difference$10.8M (-69.8%)