The Idiot Index

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Sector
Labor ShareApplied to regulated electric, gas, and water utilities. COGS captures fuel and purchased power; rates are set by regulators with an allowed return on capital, so Markup is bounded by regulation rather than competition. The interesting indicators in this sector are Labor Share…
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Labor Share in Utilities · FY 2023

18 of 36 companies · highest first
  1. 1
    NINiSource
    36¢ of every $1 of revenue reaches workers
    sector median 0.2281Bottom 3%
    0.3567
    of revenue → workers
  2. 2
    AVAAvista
    35¢ of every $1 of revenue reaches workers
    sector median 0.2281Bottom 8%
    0.3530
    of revenue → workers
  3. 3
    IDAIDACORP
    35¢ of every $1 of revenue reaches workers
    sector median 0.2281Bottom 14%
    0.3453
    of revenue → workers
  4. 4
    EDCon Edison
    32¢ of every $1 of revenue reaches workers
    sector median 0.2281Bottom 19%
    0.3174
    of revenue → workers
  5. 5
    MDUMDU Resources
    29¢ of every $1 of revenue reaches workers
    sector median 0.2281Bottom 25%
    0.2928
    of revenue → workers
  6. 6
    CMSCMS Energy
    29¢ of every $1 of revenue reaches workers
    sector median 0.2281Median range
    0.2913
    of revenue → workers
  7. 7
    SOSouthern Company
    26¢ of every $1 of revenue reaches workers
    sector median 0.2281Median range
    0.2597
    of revenue → workers
  8. 8
    AEEAmeren
    24¢ of every $1 of revenue reaches workers
    sector median 0.2281Median range
    0.2357
    of revenue → workers
  9. 9
    EIXEdison International
    23¢ of every $1 of revenue reaches workers
    sector median 0.2281Median range
    0.2321
    of revenue → workers
  10. 10
    DDominion Energy
    22¢ of every $1 of revenue reaches workers
    sector median 0.2281Median range
    0.2241
    of revenue → workers

Not yet covered (18)

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

Applied to regulated electric, gas, and water utilities. COGS captures fuel and purchased power; rates are set by regulators with an allowed return on capital, so Markup is bounded by regulation rather than competition. The interesting indicators in this sector are Labor Share (workforce concentration) and Shareholder Extraction (regulated dividends vs grid investment).

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.