The world’s biggest companies by market cap operate within a range of different market sectors, including technology, communication services, energy, consumer cyclicals, and financial services. A company’s market cap is calculated by multiplying the total number of its shares outstanding by the current market price of a single share. The majority of the companies making up the top-10 list generate hundreds of billions of dollars in annual revenue. However, there are a few that generate less than $100 billion in annual revenue, suggesting that investors are optimistic about the potential growth of these companies compared to the others on the list.
For a more granular look at Apple’s massive profit, Rakshit Jain has visualized Apple’s key financial metrics with data sourced from the company’s 2022 annual report . The oil giant is the world’s most profitable company, eclipsing even tech giants like Apple and Alphabet. Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies. CA knowledge offers Net Worth, taxation, Banking & financial solutions to individuals, businesses, and organizations all over the world.
Microsoft Net Worth 2023: Assets Income Revenue PE Ratio
The company provides a range of financial products and services, including retail and commercial banking, asset and wealth management, and investment banking. It is headquartered in Hsinchu, Taiwan, and is the world’s largest dedicated independent semiconductor foundry. The company provides a range of integrated circuits and other related products and services for customers in various industries, including consumer electronics, automotive, communications, and computing. Meta Platforms is a technology company that owns and operates several digital platforms, including Facebook, the world’s largest social media network. In addition to Facebook, the company offers Instagram, a photo-sharing app; Messenger and WhatsApp, two separate messaging apps; and Facebook Reality Labs, which develops augmented and virtual reality products.
The company was founded by three brothers – Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson – in 1886. The key to Apple’s profitability is how its strong brand has allowed it to tap into an excellent gross margin percentage. The company’s total gross margin was $171 billion in 2022 or 43.3%, which means for every dollar of revenue earned, Apple made 43 cents in gross profit.
Over the next three years, it plans to invest up to $95 billion in greening its power operations. Taken together, many of the world’s largest companies experienced sharp declines in market share. Berkshire Hathaway began from the merger of two regional textiles companies in the 19th century.
Procter & Gamble (P&G) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Aside from its search engine and other web-based products, Google also offers Android operating systems, Google Home smart speakers, and Google Pixel smartphones. With a history of introducing innovative products and technologies, Alphabet Inc. is known for its strong R&D efforts. The company continues to drive growth and success through its diverse portfolio of products and services. At the other end of the spectrum is utilities, the smallest sector overall at least pertaining to the largest companies list. NextEra Energy, the sole utilities company among the rankings is one of the world’s largest developers of wind and solar energy.
Today’s article is about the top 10 of the most valuable companies in the world.
Even with sinking market values across the sector in 2022, tech remains dominant. The company, which rakes in a large share of its earnings from employer-backed insurance plans, said that recessionary impacts had not yet begun materializing in 2022. Today, Apple stands as the world’s most valuable company, towering at a $2.3 trillion valuation. Visualizations are free to share and post in their original form across the web—even for publishers. Walmart is the world’s largest employee, by far, with over 2.3 million global workers. Technology and energy companies rank among the most valuable companies in the world today.
Today, Facebook yields more than $29 billion net yearly profit due to online advertising. Moreover, the company is a leader in this TOP 10 list in terms of profitability, since its net profit increased by almost 56% within the past year alone. Tesla was founded in 2003 by Martin Eberhard and Mark Tarpenning, and Elon Musk became the main investor of the company and the chairman of the board of directors only in 2004. Although Musk was not the founder of the startup, he was the one to help the company achieve such heights and worldwide fame.
It is one of the world’s largest and most diversified foods and beverage companies, with a range of products that includes coffee, water, dairy, pet food, and snack foods. NVIDIA Corp. is a technology company specializing in designing and manufacturing graphics processing units and other related products. Based in Santa Clara, California, the company was founded in 1993 and now has a global presence.
Market capitalization, along with annual income and total assets, is one of the methods for evaluation of the investment attractiveness of a company. JPMorgan Chase is the largest commercial bank in the USA and the5th largest in terms of total assets in the world. Tesla is the world’s largest electric vehicle manufacturer, which also produces solar panels and batteries. At the end of 2020, Tesla and 27 other US companies formed the Zero Emission Transport Association , which will promote the transition of all US vehicles to electric traction.
Besides, Microsoft produces its own mobile devices and accessories, video, audio, and office equipment. In January 2022 Apple’s market cap has crossed the $2.535 trillion threshold and today the company holds the #1 position as the most valuable company in the world. And because of this massive windfall, the company’s provisions for income taxes were also a massive $19 billion. On the other side of the balance sheet, cost of sales was the biggest expense for Apple, coming in at $223.5 billion or 76% of the company’s expenditures.
However, the global pandemic took a rather heavy toll on Saudi Aramco as the company announced a dip in their earnings in 2020 compared with the previous year. The company was established on 1 April 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs. The trio initially engaged in the assembly of home computers and producing proprietary models of PC. But their greatest success came just in recent years when Apple introduced the line of its mobile products to the world — the iPhone smartphones and the iPad tablets. Today the company’s logo is recognized by many people as Apple became truly the most successful brand.
Top 20 Largest Companies In the World (
Only much later was it purchased by legendary investor Warren Buffett and converted into a conglomerate holding company. The company also operates manufacturing businesses that make products for industrial uses, construction, and for consumers. Nestlé is a multinational food and beverage company based in Vevey, Switzerland.
Starbucks Net Worth 2023: Assets Income Revenue PE Ratio
ExxonMobil is a multinational energy company headquartered in Irving, Texas. It is one of the world’s largest and most diversified energy companies, with a range of business interests, including oil, natural gas, and petrochemicals. Microsoft Corp. is a technology company best known for its Windows operating system and Microsoft Office productivity software suite. Founded by Bill Gates and Paul Allen, Microsoft has grown to become one of the world’s largest and most influential companies.
Largest Companies by Market Cap
Oil giant Saudi Aramco is the third largest publicly-traded company globally, at $1.8 trillion. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. The offers that appear in this table are from partnerships from which Investopedia receives compensation. As of 2022, Apple, Saudi Aramco, and Microsoft hold the top three positions, each with market caps in excess of $2 trillion. Full BioCierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate.
On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value.
The world’s largest company, and America’s most profitable, earned a massive $394.3 billion in revenue in 2022 against expenditures of $295.5 billion. That gave it a net profit of $99.8 billion, up 5.4% from 2021 and 73% from 2020. By contrast, some of the biggest losers are Meta (Facebook’s parent company) and Alibaba. Meanwhile, Alibaba was once the ninth largest globally but has tumbled to #36.