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NASDAQ-100 Revenue per Employee

February 7, 2009 @ 7:10 am by J. Bryan Scott

I was discussing Revenue per Employee with some colleagues this week and noticed a lack of published ratios on the web. So I wrote a simple script to screen scrape revenue per employee data for the NASDAQ-100 from Google Finance. Note: I usually prefer Yahoo Finance because it is much more thorough, but I chose Google Finance for this application since it conveniently lists both revenue and employees on the page, making screen scraping easier.

Revenue per Employee is commonly used to compare productivity between companies in the same industry.

Revenue listed below is from each company’s latest full fiscal year as of February 6, 2009. Employee count comes from the latest quarter. Note that revenue for non-US companies (ADRs) is not in USD.

You can sort the table by clicking on each column heading. Sorting javascript from kryogenix.org.

Company Revenue ($ MM) Employees Revenue per Employee ($)
Activision Blizzard, Inc. 1,349 2,640 510,890
Adobe Systems Incorporated 3,580 7,335 488,056
Akamai Technologies, Inc. 636 1,555 409,267
Altera Corporation 1,367 2,760 495,370
Amazon.com, Inc. 19,166 20,700 925,894
Amgen, Inc. 15,003 17,400 862,241
Apollo Group, Inc. 3,141 17,736 177,093
Apple Inc. 32,479 32,000 1,014,969
Applied Materials, Inc. 8,129 14,824 548,384
Autodesk, Inc. 2,172 7,300 297,521
Automatic Data Processing 8,777 47,000 186,734
Baidu, Inc.(ADR) 1,744 6,252 279,018
Bed Bath & Beyond Inc. 7,049 39,000 180,742
Biogen Idec Inc. 3,172 4,300 737,586
Broadcom Corporation 4,658 6,853 679,720
C.H. Robinson Worldwide, Inc. 8,579 7,961 1,077,579
CA, Inc. 4,277 13,700 312,190
Celgene Corporation 2,255 1,685 1,338,148
Cephalon, Inc. 1,773 3,000 590,880
Check Point Software Technologies Ltd. 808 1,901 425,297
Cintas Corporation 3,938 34,000 115,821
Cisco Systems, Inc. 39,540 66,129 597,922
Citrix Systems, Inc. 1,583 4,620 342,716
Cognizant Technology Solutions Corp. 2,136 59,500 35,892
Comcast Corporation 30,895 100,000 308,950
Costco Wholesale Corporation 72,483 75,000 966,440
Dell Inc. 61,133 80,800 756,597
DENTSPLY International Inc. 2,010 8,900 225,824
DISH Network Corp. 11,090 23,000 482,190
Ebay Inc. 8,541 15,500 551,049
Electronic Arts Inc. 3,665 9,671 378,968
Expedia, Inc. 2,665 7,150 372,773
Expeditors International of Washington 5,235 12,310 425,278
Express Scripts, Inc. 18,274 11,820 1,545,990
Fastenal Company 2,340 13,634 171,661
First Solar, Inc. 504 1,462 344,720
Fiserv, Inc. 3,922 25,000 156,880
Flextronics International Ltd. 27,558 162,000 170,112
FLIR Systems, Inc. 779 1,743 447,160
Foster Wheeler Ltd. 5,107 13,859 368,514
Garmin Ltd. 3,180 8,434 377,083
Genzyme Corporation 3,814 10,000 381,352
Gilead Sciences, Inc. 5,336 2,979 1,791,121
Google Inc. 21,796 20,222 1,077,814
Hansen Natural Corporation 904 448 2,018,906
Henry Schein, Inc. 5,920 12,000 493,349
Hologic, Inc. 1,675 3,933 425,756
IAC/InterActiveCorp 6,373 17,000 374,906
Illumina, Inc. 367 1,041 352,354
Infosys Technologies Limited (ADR) 4,176 103,078 40,513
Intel Corporation 37,586 83,900 447,986
Intuit Inc. 3,071 8,200 374,509
Intuitive Surgical, Inc. 875 764 1,145,183
J.B. Hunt Transport Services, Inc. 3,732 15,795 236,274
Joy Global Inc. 3,419 11,800 289,740
Juniper Networks, Inc. 3,572 5,879 607,651
KLA-Tencor Corporation 2,522 6,000 420,287
Lam Research Corporation 2,475 3,800 651,292
Liberty Global Inc. 9,003 22,000 409,241
Liberty Media Corporation (Interactive) 7,802 19,070 409,124
Life Technologies Corp. 1,282 4,300 298,081
Linear Technology Corporation 1,175 4,173 281,608
Logitech International SA (USA) 2,371 9,393 252,369
Marvell Technology Group Ltd. 2,895 5,331 542,992
Maxim Integrated Products Inc. 2,053 9,810 209,254
Microchip Technology Inc. 1,036 4,811 215,286
Microsoft Corporation 60,420 91,000 663,956
Millicom International Cellular SA (USA) 2,631 4,768 551,722
NetApp Inc. 3,303 7,645 432,069
News Corporation 32,996 64,000 515,563
NII Holdings, Inc. 3,296 9,873 333,870
NVIDIA Corporation 4,098 4,985 822,038
O’Reilly Automotive, Inc. 2,522 40,512 62,261
Oracle Corporation 22,430 86,657 258,837
PACCAR Inc 14,973 21,800 686,812
Patterson Companies, Inc. 2,999 6,850 437,771
Paychex, Inc. 2,066 12,700 162,702
Pharmaceutical Product Development, Inc. 1,414 10,200 138,673
QUALCOMM, Inc. 11,142 15,400 723,506
Research In Motion Limited (USA) 6,009 8,387 716,514
Ross Stores, Inc. 5,975 10,500 569,068
Ryanair Holdings plc (ADR) 2,714 5,920 458,416
Seagate Technology 12,708 54,000 235,333
Sears Holdings Corporation 50,703 302,000 167,891
Sigma-Aldrich Corporation 2,039 8,000 254,838
Staples, Inc. 19,373 43,048 450,025
Starbucks Corporation 10,383 172,000 60,366
Steel Dynamics, Inc. 8,081 5,940 1,360,357
Stericycle, Inc. 933 6,090 153,164
Sun Microsystems, Inc. 13,880 33,423 415,283
Symantec Corporation 5,874 17,600 333,774
Teva Pharmaceutical Industries Ltd (ADR) 9,408 29,712 316,640
The DIRECTV Group, Inc. 17,246 11,300 1,526,195
Urban Outfitters, Inc. 1,508 4,900 307,698
Verisign, Inc. 1,496 4,251 351,985
Vertex Pharmaceuticals Incorporated 199 1,132 175,804
Warner Chilcott Ltd. 900 1,125 799,609
Wynn Resorts, Limited 2,688 16,500 162,880
Xilinx, Inc. 1,841 3,415 539,201
Yahoo! Inc. 7,209 14,300 504,091

Filed in: Internet, Investment.

13 Comments

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  1. t35t0r

    uhh you could have just screen scraped reuters financial, e.g. : http://www.reuters.com/finance/stocks/ratios?symbol=HANS.O

    In any case “Net Income/Employee (TTM)” is a better ratio to use than revenue/employee, i.e. it factors in operating expenses. Add to that Total Debt/Equity and you’ve got yourself a pretty good stock screener.

  2. J. Bryan Scott

    @t35t0r - Thanks for the Reuters link. I wouldn’t say Net Income is better; It’s different. Revenue gives you a market share perspective, whereas Net Income shows what flows to shareholders (at least according to GAAP). So it depends on which question you are trying to answer.

    Net income is distorted by more accrual accounting mechanisms, making that metric dubious across a broad range of companies (but acceptable in the case of a few companies whose income statement items are fully understood and adjusted for apples-to-apples comparison).

  3. Chris

    Love it. Interesting stat. (Ok, not much of a comment, but it’s my comment and that’s how I feel.)

  4. David

    Nice work. Should I interpret this to mean we aren’t giving you enough numbers to crunch at work that you are still thirsty for more numbers when you get home? :-)

  5. J. Bryan Scott

    I don’t think that’s what the data suggest :P

  6. Yasmeen

    Hi J. Bryan,

    This is really great information. I run a small talent consulting firm and was looking for stats to use as part of our business development efforts this so thank you for posting this!

    You are right, this type of info is very hard to find on the web…

    –Yasmeen
    http://www.alistagent.com

  7. Twitter Trackbacks for NASDAQ-100 Revenue per Employee | J. Bryan Scott [jbryanscott.com] on Topsy.com

    [...] NASDAQ-100 Revenue per Employee | J. Bryan Scott http://www.jbryanscott.com/2009/02/07/nasdaq-100-revenue-per-employee – view page – cached I was discussing Revenue per Employee with some colleagues this week and noticed a lack of published ratios on the web. So I wrote a simple script to screen scrape revenue per employee data for the NASDAQ-100 from Google Finance. Note: I usually prefer Yahoo Finance because it is much more thorough, but I chose Google Finance for this application since it conveniently lists both revenue and employees on the page, making screen scraping easier. — From the page [...]

  8. Hockey sticks and consultants | DavidCrow.ca

    [...] utilization would have revenues of $460,000/year. This is an extremely high rate. Looking at the NASDAQ 100 using Cognizant averages $35,892 versus Apple ($1,014,969), Ebay ($551,049), Microsoft ($663,956) [...]

  9. Hockey sticks and consultants « The RIC Blog

    [...] utilization would have revenues of $460,000/year. This is an extremely high rate. Looking at the NASDAQ 100 using Cognizant averages $35,892 versus Apple ($1,014,969), Ebay ($551,049), Microsoft ($663,956) [...]

  10. Nick

    This is a useful chart for companies to benchmark against. The important point is, for all the comments mentioned prior, it matters less how it is calculated because with companies, its the trend that matters, and as long as the way it is calculated is consistent every year, or performance period, it can be useful as a benchmark.

    I would like to calculate the “revenue per employee” for my company, on the same basis as a comparison and benchmark. The question that makes it difficult for me is, what is the definition of “employee” that was used in your case when you calculated this revenue per employee ratio e.g. how do you deal with part-time employees or contractors in this ratio? Are they included? How do I determine “per employee” for part-time employees and part-time contractors? Thanks.

  11. J. Bryan Scott

    Nick - Employee count came from the companies’ latest quarterly filings at the time I wrote this post. This should be the same definition the SEC uses. While I’m not exactly sure what this definition is, some good bets are that it’s limited to full-time workers who receive benefits and are not contractors.

  12. Laura

    Nice post on screen scrapers, simple and too the point :), For simple stuff i use python to get or simplify data, but for larger projects like documents, the web, or files i tried screen scraper software which worked great, they build quick custom screen scrapers, screen scrapers, and data parsing programs

  13. Trent M.

    The fact of one matter is,
    We are not hearing and have not heard this metric used for nearly 12 years now.
    While is left to the experts, to apparently mean anything they
    want it to mean, a few facts probably indicate the Management and
    Board Members don’t want to use RPE anymore,….because it would become plainfully obvious that Revenue’s were Way-UP and pay has
    remains flat for the last 8 years !
    Basically then, we find that the MBAer’s of most larger Corporations
    are probably embarrased when pressed for their Revenue Per/Employee
    figures, because it would demonstrate the theft from companies that comes at the hands of all Executives, Board of Directors, and Managers that ARE highly compensated.
    These same, as they hide in fear that their Employees will 35 Page of Boiler Plate Legal-Ease, that discribes in minute detail how the Highly Compensated of all Corporations can NEVER have anything they steal from that company, EVER taken away, regardless of THEIR actions ! !
    These Highly Compensated, are ultimately and Forever Covered by these English Common Law Documents, that even if they die or are Murdered by one of their peers, they take every Stock option and Perk. beyond the grave so that their family is set up in Economic Security for the rest of their squirmy lives !
    To say this again, so as to make it totally clear,…..the ” Highly Compensated,” of most Corporations have a HUGE and legally binding
    English Common law agreement/Document with the Corporation that ANY of their GAINS can never be Revoked for any reason and it is these 35 page documents that force these binding agreements as being irrevocable(sp) and these Gains will go ” Beyond the Grave,” to their families or family members or indeed their spouce with little or no strings attached !
    Corporate Officer, Ceo, Cfo, Board of Directors or indeed Highly Compenstated Managers will not admit these papers exist, as they are
    hiding from their own Employees finding that these Legal documents do exist !
    That’s why Revenue Per/Employee isn’t being used by the Large
    Corporations anymore, or their theft would become obvious, while in real dollars their Employees would realize they have been granted actual pay cuts for the last 20 years and little more.

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