Testing Laboratories Revenue Benchmarks

How much does the average testing laboratories business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$4.0M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$144K

per year

👤

Total Businesses

5,240

in the US

🏢

Est. Owner Income

$883K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$93K

per year (BLS)

💼

Market Saturation

1.6

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$226K
5-9 employees
$787K
10-19 employees
$1.7M
20-99 employees
$4.9M
100-499 employees
$21.0M
500+ employees
$78.1M

🏆 Highest Revenue States

1.Michigan$8.1M avg2.Louisiana$7.1M avg3.Alaska$6.8M avg4.New Jersey$5.5M avg5.Massachusetts$5.2M avg6.Texas$4.7M avg7.Illinois$4.7M avg8.Pennsylvania$4.6M avg9.California$3.9M avg10.Minnesota$3.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

9.05%

openings/year

Closure Rate

8.48%

closings/year

Net Job Growth

+4.14%

annual

Businesses Closed

6,584

in 2023

Firm Count Trend

19
20
21
22
23
82,191 firms82,804 firms

💡 Should You Start a Testing Laboratories Business?

Startup Cost

$10K – $75K

Break-Even

1 months

5-Year Survival Rate

60.0%

🆚 Related Industries

Offices of Lawyers$1.5MAdministrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2M

Compare Testing Laboratories revenue with other industries:

vs Officesvs Administrativevs Custom