Testing Laboratories in Michigan
Revenue benchmarks for testing laboratories businesses operating in Michigan.
#1 of 50 states+102.6% vs national avg
Average Revenue
$8.1M
per year
Businesses
189
in Michigan
Revenue / Employee
$190K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
1.9
firms per 100K in MI
Total Revenue
$1.5B
all firms in MI
Total Employees
8,103
in MI
How Michigan Compares
National Average$4.0M
Michigan$8.1M
Difference+$4.1M (+102.6%)