Testing Laboratories in Maryland
Revenue benchmarks for testing laboratories businesses operating in Maryland.
#27 of 50 states-41.3% vs national avg
Average Revenue
$2.4M
per year
Businesses
104
in Maryland
Revenue / Employee
$145K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.7
firms per 100K in MD
Total Revenue
$245.1M
all firms in MD
Total Employees
1,688
in MD
How Maryland Compares
National Average$4.0M
Maryland$2.4M
Difference$1.7M (-41.3%)