The Idiot Index

Sector
Operational MarkupOperational Markup — methodology varies by sector. Pick a sector for the per-sector formula and context.

Operational Markup across all sectors · FY 2023

197 of 385 companies · highest first
  1. 1
    ELVElevance Health
    $1 of cost+opex becomes $5.17 of revenue
    sector median 1.2871Top 1%
    5.1706
    × revenue / (cost + opex)
  2. 2
    MRNAModerna
    $1 of cost+opex becomes $3.57 of revenue
    sector median 1.2871Top 4%
    3.5693
    × revenue / (cost + opex)
  3. 3
    VRSNVerisign
    $1 of cost+opex becomes $2.88 of revenue
    sector median 1.1416Top 2%
    2.8811
    × revenue / (cost + opex)
  4. 4
    MTDRMatador Resources
    $1 of cost+opex becomes $2.14 of revenue
    sector median 1.1861Top 5%
    2.1405
    × revenue / (cost + opex)
  5. 5
    TXNTexas Instruments
    $1 of cost+opex becomes $2.00 of revenue
    sector median 1.3027Top 2%
    1.9965
    × revenue / (cost + opex)
  6. 6
    COPConocoPhillips
    $1 of cost+opex becomes $1.72 of revenue
    sector median 1.1861Top 14%
    1.7173
    × revenue / (cost + opex)
  7. 7
    MSFTMicrosoft
    $1 of cost+opex becomes $1.71 of revenue
    sector median 1.0697Top 2%
    1.7122
    × revenue / (cost + opex)
  8. 8
    METAMeta
    $1 of cost+opex becomes $1.66 of revenue
    sector median 1.1416Top 6%
    1.6569
    × revenue / (cost + opex)
  9. 9
    ZTSZoetis
    $1 of cost+opex becomes $1.62 of revenue
    sector median 1.2871Top 7%
    1.6160
    × revenue / (cost + opex)
  10. 10
    VRSKVerisk
    $1 of cost+opex becomes $1.59 of revenue
    sector median 1.0697Top 6%
    1.5876
    × revenue / (cost + opex)

Not yet covered (188)

These companies are in the cohort but don't have a Operational 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.