The Idiot Index

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Sector
Labor ShareApplied to packaged-food, beverage, and quick-service restaurant companies. COGS captures ingredients, packaging, and (for QSR) franchise-operated cost of revenue. The Markup Ratio is meaningful but the Operational Markup is the cleaner signal because brand investment flows…
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Labor Share in Food & Beverage · FY 2023

22 of 34 companies · highest first
  1. 1
    CMGChipotle
    33¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 2%
    0.3287
    of revenue → workers
  2. 2
    FRPTFreshpet
    29¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 7%
    0.2895
    of revenue → workers
  3. 3
    POSTPost Holdings
    28¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 11%
    0.2800
    of revenue → workers
  4. 4
    SBUXStarbucks
    24¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 16%
    0.2405
    of revenue → workers
  5. 5
    COKECoca-Cola Consolidated
    22¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 20%
    0.2226
    of revenue → workers
  6. 6
    FLOFlowers Foods
    20¢ of every $1 of revenue reaches workers
    sector median 0.1439Bottom 25%
    0.1972
    of revenue → workers
  7. 7
    GISGeneral Mills
    17¢ of every $1 of revenue reaches workers
    sector median 0.1439Median range
    0.1717
    of revenue → workers
  8. 8
    CPBCampbell's
    17¢ of every $1 of revenue reaches workers
    sector median 0.1439Median range
    0.1674
    of revenue → workers
  9. 9
    KDPKeurig Dr Pepper
    17¢ of every $1 of revenue reaches workers
    sector median 0.1439Median range
    0.1668
    of revenue → workers
  10. 10
    TSNTyson Foods
    17¢ of every $1 of revenue reaches workers
    sector median 0.1439Median range
    0.1655
    of revenue → workers

Not yet covered (12)

These companies are in the Food & Beverage cohort but don't have a Labor Share computed for FY 2023. Either the underlying inputs aren't tagged in their XBRL filings, the DEF 14A pay-ratio narrative didn't parse cleanly, or this fiscal year hasn't been ingested for them yet.

What this measures

Full methodology →

How much of every revenue dollar reaches workers.

Ratio
Labor Share
Sector
Food & Beverage
Methodology version
v1.0.0
Formula
TotalEmployeeCompensation / Revenue
Sector context

Applied to packaged-food, beverage, and quick-service restaurant companies. COGS captures ingredients, packaging, and (for QSR) franchise-operated cost of revenue. The Markup Ratio is meaningful but the Operational Markup is the cleaner signal because brand investment flows through SG&A — and Shareholder Extraction often runs high because mature consumer-staples brands return capital aggressively rather than reinvest.

How much of revenue flows to the people creating it. Includes wages, salaries, benefits, and stock-based compensation.

When direct disclosure is missing: approximated as Headcount × Median Pay × 1.30 (1.30 grosses up base pay to fully-loaded compensation including benefits and equity). The approximation is documented per company on its detail page.

Source data: LaborAndRelatedExpense, ShareBasedCompensation (us-gaap), or EmployeeBenefitsExpense (ifrs-full). When approximated: NumberOfEmployees × disclosed median compensation.