The Idiot Index

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Sector
Labor ShareApplied to companies whose primary cost basis is physical materials and manufacturing.
OrderHighest first

Labor Share in Hardware Manufacturing · FY 2023

35 of 45 companies · highest first
  1. 1
    URIUnited Rentals
    123¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 1%
    1.2271
    of revenue → workers
  2. 2
    GEGE
    100¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 4%
    0.9965
    of revenue → workers
  3. 3
    HIIHuntington Ingalls
    51¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 7%
    0.5082
    of revenue → workers
  4. 4
    PWRQuanta Services
    50¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 10%
    0.5010
    of revenue → workers
  5. 5
    BWXTBWX Technologies
    46¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 13%
    0.4594
    of revenue → workers
  6. 6
    RTXRTX
    44¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 16%
    0.4379
    of revenue → workers
  7. 7
    NOCNorthrop Grumman
    42¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 19%
    0.4187
    of revenue → workers
  8. 8
    GDGeneral Dynamics
    39¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 21%
    0.3876
    of revenue → workers
  9. 9
    BABoeing
    39¢ of every $1 of revenue reaches workers
    sector median 0.2589Bottom 24%
    0.3862
    of revenue → workers
  10. 10
    PHParker Hannifin
    32¢ of every $1 of revenue reaches workers
    sector median 0.2589Median range
    0.3245
    of revenue → workers

Not yet covered (10)

These companies are in the Hardware Manufacturing 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
Hardware Manufacturing
Methodology version
v1.0.0
Formula
TotalEmployeeCompensation / Revenue
Sector context

Applied to companies whose primary cost basis is physical materials and manufacturing.

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.