The Idiot Index

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Sector
MarkupApplied to wireless, broadband, and integrated communications carriers. COGS captures network cost of services; OpEx is dominated by SG&A and depreciation on enormous capital plants. Markup ratios understate the picture because the capital base isn't in COGS — Operational Markup…
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Markup in Telecom · FY 2023

1 of 6 companies · highest first
  1. 1
    LUMNLumen
    $1 of cost becomes $2.10 of revenue
    2.0965
    × revenue / cost

Not yet covered (5)

These companies are in the Telecom 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
Telecom
Methodology version
v1.0.0
Formula
Revenue / COGS
Sector context

Applied to wireless, broadband, and integrated communications carriers. COGS captures network cost of services; OpEx is dominated by SG&A and depreciation on enormous capital plants. Markup ratios understate the picture because the capital base isn't in COGS — Operational Markup is the more honest gross indicator. Shareholder Extraction is structurally high in this sector because mature carriers run large dividends.

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).