The Idiot Index

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Sector
MarkupApplied 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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Markup in Semiconductor · FY 2023

26 of 34 companies · highest first
  1. 1
    TXNTexas Instruments
    $1 of cost becomes $3.07 of revenue
    sector median 2.2294Top 2%
    3.0737
    × revenue / cost
  2. 2
    SITMSiTime
    $1 of cost becomes $2.76 of revenue
    sector median 2.2294Top 6%
    2.7576
    × revenue / cost
  3. 3
    LSCCLattice Semi
    $1 of cost becomes $2.66 of revenue
    sector median 2.2294Top 10%
    2.6611
    × revenue / cost
  4. 4
    MCHPMicrochip
    $1 of cost becomes $2.64 of revenue
    sector median 2.2294Top 13%
    2.6405
    × revenue / cost
  5. 5
    ADIAnalog Devices
    $1 of cost becomes $2.62 of revenue
    sector median 2.2294Top 17%
    2.6200
    × revenue / cost
  6. 6
    AVGOBroadcom
    $1 of cost becomes $2.59 of revenue
    sector median 2.2294Top 21%
    2.5882
    × revenue / cost
  7. 7
    KLACKLA
    $1 of cost becomes $2.50 of revenue
    sector median 2.2294Top 25%
    2.4958
    × revenue / cost
  8. 8
    TERTeradyne
    $1 of cost becomes $2.47 of revenue
    sector median 2.2294Median range
    2.4748
    × revenue / cost
  9. 9
    SLABSilicon Labs
    $1 of cost becomes $2.44 of revenue
    sector median 2.2294Median range
    2.4397
    × revenue / cost
  10. 10
    QCOMQualcomm
    $1 of cost becomes $2.35 of revenue
    sector median 2.2294Median range
    2.3535
    × revenue / cost

Not yet covered (8)

These companies are in the Semiconductor 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
Semiconductor
Methodology version
v1.0.0
Formula
Revenue / COGS
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.

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).