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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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| Business Services |
| Company |
2003 COGS |
2003 SG&A |
2003 CMI1 |
2001-2003 Average CMI |
2000-2003
CMI Change2 |
2000-2003
Revenue Growth3 |
| MOODYS |
28 |
16 |
44 |
45 |
-515 |
27 |
| EQUIFAX |
44 |
22 |
66 |
63 |
-321 |
-15 |
| IMS HEALTH |
40 |
25 |
66 |
64 |
-206 |
-1 |
| ALLIED WASTE INDUSTRIES |
61 |
9 |
70 |
68 |
525 |
-3 |
| PITNEY BOWES |
42 |
30 |
72 |
71 |
593 |
6 |
| Industry Median |
60 |
19 |
80 |
81 |
-12 |
-1 |
All values are % of operating revenue except for 2000-2003 CMI change, which is expressed in basis points.
1CMI = (COGS + SG&A) / operating revenue.
For banking, CMI = (noninterest expense) / (net interest expense income + noninterest income).
2 Nominal change in CMI 2000-2003, expressed in basis points.
3 Compound annual growth in revenue.
Analysis performed by Archstone Consulting, based on data from Compustat and other sources.
Return to the article "Controlling the Flow."
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