The Idiot Index

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Sector
Labor ShareApplied to brick-and-mortar and omnichannel retailers. COGS captures merchandise purchased for resale plus distribution, so the Markup Ratio is naturally compressed (retail margins are thin by structure); the load-bearing indicator is Labor Share, since retail employs millions…
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Labor Share in Retail · FY 2024

16 of 35 companies · highest first
  1. 1
    DLTRDollar Tree
    28¢ of every $1 of revenue reaches workers
    sector median 0.1037Bottom 3%
    0.2758
    of revenue → workers
  2. 2
    OXMOxford Industries
    17¢ of every $1 of revenue reaches workers
    sector median 0.1037Bottom 9%
    0.1656
    of revenue → workers
  3. 3
    WMTWalmart
    15¢ of every $1 of revenue reaches workers
    sector median 0.1037Bottom 16%
    0.1461
    of revenue → workers
  4. 4
    HDHome Depot
    14¢ of every $1 of revenue reaches workers
    sector median 0.1037Bottom 22%
    0.1367
    of revenue → workers
  5. 5
    TGTTarget
    13¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.1339
    of revenue → workers
  6. 6
    LULULululemon
    13¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.1251
    of revenue → workers
  7. 7
    LOWLowe's
    12¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.1242
    of revenue → workers
  8. 8
    DGDollar General
    12¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.1211
    of revenue → workers
  9. 9
    ULTAUlta
    9¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.0864
    of revenue → workers
  10. 10
    WSMWilliams-Sonoma
    8¢ of every $1 of revenue reaches workers
    sector median 0.1037Median range
    0.0754
    of revenue → workers

Not yet covered (19)

These companies are in the Retail cohort but don't have a Labor Share computed for FY 2024. 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
Retail
Methodology version
v1.0.0
Formula
TotalEmployeeCompensation / Revenue
Sector context

Applied to brick-and-mortar and omnichannel retailers. COGS captures merchandise purchased for resale plus distribution, so the Markup Ratio is naturally compressed (retail margins are thin by structure); the load-bearing indicator is Labor Share, since retail employs millions of workers and pay-ratio disclosures are politically central to the sector.

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.