BENCHMARKS REPORT

Industry Measure: Company Level Data
| SIC: | 8731 |
| INDUSTRY: | COML PHYSICAL, BIOLOGCL RESH |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 47 |
|
1997 SALES FOR THE INDUSTRY: $ 2355 (Total Sales in $Millions) |
|
OPERATING MARGIN: 1.5 (EBIT (divided by) Sales) |
|
CAPITAL INTENSITY: 85.8 (Sum of Total Debt plus Shareholder Equity (divided by) Sales) |
|
SALES GROWTH: 14.7 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROE: Net Profits (divided by) Total Shareholder Equity RONCE: EBIT (divided by) Sum of Total Debt plus Shareholders' Equity |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROE | RONCE |
| #1: QUINTILES TRANSNATIONAL CORP |
34.6 | 14.3 | 16.2 |
| #2: COVANCE INC |
25.1 | 25.3 | 25.9 |
| #3: PHARMACEUTICAL PROD DEV INC |
10.0 | 7.5 | 12.2 |
| #4: PAREXEL INTERNATIONAL CORP |
6.8 | 7.9 | 12.3 |
| Total of #1-4: | 76.4 | -9.2 | 1.7 |