The Idiot Index

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Sector
Labor ShareApplied to fabless and integrated semiconductor companies. COGS captures wafer, foundry, packaging, and test costs; Operational Markup is the more cyclically-stable indicator across product cycles.
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Labor Share in Semiconductor · FY 2023

19 of 34 companies · highest first
  1. 1
    PIImpinj
    65¢ of every $1 of revenue reaches workers
    sector median 0.2237Bottom 3%
    0.6482
    of revenue → workers
  2. 2
    SITMSiTime
    32¢ of every $1 of revenue reaches workers
    sector median 0.2237Bottom 8%
    0.3157
    of revenue → workers
  3. 3
    ENTGEntegris
    31¢ of every $1 of revenue reaches workers
    sector median 0.2237Bottom 13%
    0.3093
    of revenue → workers
  4. 4
    AVGOBroadcom
    29¢ of every $1 of revenue reaches workers
    sector median 0.2237Bottom 18%
    0.2899
    of revenue → workers
  5. 5
    LSCCLattice Semi
    28¢ of every $1 of revenue reaches workers
    sector median 0.2237Bottom 24%
    0.2760
    of revenue → workers
  6. 6
    AMDAMD
    26¢ of every $1 of revenue reaches workers
    sector median 0.2237Median range
    0.2625
    of revenue → workers
  7. 7
    MCHPMicrochip
    25¢ of every $1 of revenue reaches workers
    sector median 0.2237Median range
    0.2548
    of revenue → workers
  8. 8
    NXPINXP
    25¢ of every $1 of revenue reaches workers
    sector median 0.2237Median range
    0.2493
    of revenue → workers
  9. 9
    KLACKLA
    25¢ of every $1 of revenue reaches workers
    sector median 0.2237Median range
    0.2465
    of revenue → workers
  10. 10
    ADIAnalog Devices
    22¢ of every $1 of revenue reaches workers
    sector median 0.2237Median range
    0.2237
    of revenue → workers

Not yet covered (15)

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

Applied to fabless and integrated semiconductor companies. COGS captures wafer, foundry, packaging, and test costs; Operational Markup is the more cyclically-stable indicator across product cycles.

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.