The Idiot Index

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

Markup in Hardware Manufacturing · FY 2023

32 of 45 companies · highest first
  1. 1
    MMM3M
    $1 of cost becomes $1.88 of revenue
    sector median 1.4559Top 2%
    1.8811
    × revenue / cost
  2. 2
    FASTFastenal
    $1 of cost becomes $1.86 of revenue
    sector median 1.4559Top 5%
    1.8588
    × revenue / cost
  3. 3
    EMREmerson
    $1 of cost becomes $1.80 of revenue
    sector median 1.4559Top 8%
    1.7956
    × revenue / cost
  4. 4
    AAPLApple
    $1 of cost becomes $1.72 of revenue
    sector median 1.4559Top 11%
    1.7176
    × revenue / cost
  5. 5
    ITWIllinois Tool Works
    $1 of cost becomes $1.70 of revenue
    sector median 1.4559Top 14%
    1.7028
    × revenue / cost
  6. 6
    IRIngersoll Rand
    $1 of cost becomes $1.63 of revenue
    sector median 1.4559Top 17%
    1.6285
    × revenue / cost
  7. 7
    XYLXylem
    $1 of cost becomes $1.61 of revenue
    sector median 1.4559Top 20%
    1.6134
    × revenue / cost
  8. 8
    DOVDover
    $1 of cost becomes $1.60 of revenue
    sector median 1.4559Top 23%
    1.6015
    × revenue / cost
  9. 9
    GWWGrainger
    $1 of cost becomes $1.57 of revenue
    sector median 1.4559Median range
    1.5685
    × revenue / cost
  10. 10
    HONHoneywell
    $1 of cost becomes $1.56 of revenue
    sector median 1.4559Median range
    1.5590
    × revenue / cost

Not yet covered (13)

These companies are in the Hardware Manufacturing cohort but don't have a Markup 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 revenue per dollar of cost.

Ratio
Markup
Sector
Hardware Manufacturing
Methodology version
v1.0.0
Formula
Revenue / COGS
Sector context

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

Captures gross extraction per dollar of input. A markup ratio of 5.0 means the company collects $5 in revenue for every $1 of cost-of-goods.

Source data: Revenues (us-gaap:Revenues / ifrs-full:Revenue) and CostOfGoodsAndServicesSold (us-gaap) or CostOfSales (ifrs-full).