The Top 10 Most Profitable Companies in the US 2023
Apple stopped being the most profitable company in the US. Instead, Amazon takes the top, with a profit of $225.152 billion in 2023.
We present a ranking of the most profitable companies in the United States by looking at their current gross profit. The list includes technology giants such as Apple, Google, and Amazon. The ranking also features companies from the financial services sector, such as Wells Fargo and Chase.
1. Amazon.com (AMZN)
Gross Profit: $225.152 billion in March 2023
Regardless of the latest strikes from the workers being forced to complete megacycle shifts with low pay, Amazon finds a way to still sit on top of our ranking with over $200 billion in earnings. It's currently trading at $92.13, down 0.04% from the previous closing price of $92.17.
The company has a market cap of $932.811 billion, and over 50 million shares, showing a profit of over 500 billion dollars. It is also a leader among the largest companies in the US by market cap, holding fourth place, falling just behind Alphabet, Microsoft, and Apple.
- Market cap: $944.493 billion
- Gross Profit: $225.152 billion
- Revenue: $513.982 billion
2. Apple Inc. (AAPL)
Gross Profit: $170.782 billion in March 2023
Apple takes second place among the American companies with the highest profits, falling just behind Amazon. So it's safe to say that most earnings result in successful iPhone sales. As of March 2023, the company has $170.782 billion in gross profit.
The stock price is currently at $144.52; it decreased by 0.786% from the previous closing. In addition, Apple holds first place for the highest companies with a market cap and ranks high among the global companies with the most profit.
- Market cap: $2.286 trillion
- Gross Profit: $170.782 billion
- Revenue: $387.537 billion
3. Alphabet Inc. (GOOG)
Gross Profit: $156.633 billion in March 2023
Regardless of the embarrassing trial of creating their own AI Chatbot resulting in many lost shares, Alphabet, the parent of Google, takes third place among the most profitable companies in the US. The company still shows a gross profit of over $155 billion, looking at its earnings.
In addition, Google remains among the trillion American companies with a market cap of almost 1.6 trillion, trading at $145.91, up 0.41% from the previous closing price of $145.31.
- Market cap: $1.158 trillion
- Gross Profit: $156.633 billion
- Revenue: $282.836 billion
4. Walmart Inc. (WMT)
Gross Profit: $147.568 billion in March 2023
Walmart is the biggest and more profitable retailer, domestically and internationally. The company operates in 24 countries, including India and Mexico. It keeps generating new jobs and is a leader in the largest companies in the world by employee count, hiring over 2,300,000 employees.
Ranking fourth in our ranking of the highest-profit companies in the US. The company is also leading among the top companies by revenue in the US, with over $600.2 billion.
- Market cap: $378.900 billion
- Gross Profit: $147.568 billion
- Revenue: $611.289 billion
5. Microsoft Corporation (MSFT)
Gross Profit: $135.620 billion in March 2023
Microsoft recently announced an extended partnership with OpenAI. In addition, the company is investing billions, resulting in expected growth over the upcoming years. It's currently trading at $251.11, showing an increase of 1.97% from the previous closing price of $246.27.
Microsoft is among the companies in the US with a market cap of $1.869 trillion, with just $439.360 billion less than Apple. In addition, Microsoft has a volume of 24.83 million shares with total revenue of $204.09 billion.
- Market cap: $1.869 trillion
- Gross Profit: $135.620
- Revenue: $204.093 billion
6. Exxon Mobil Corporation (XOM)
Gross Profit: $133.715 billion in March 2023
Exxon Mobil is one of the world's largest publicly traded oil companies. Despite all energy raisings, Exxon recently announced the full-year results from 2022, and the company had a profit of billions compared to 2021. Currently, the gross profit is over $130 billion.
Exxon is trading at $111.4, up 0.46% from the previous closing price. In addition, the company presents a market cap of $453.50 billion and a volume of 10.21 million shares with total revenue of $402.21 billion.
- Market cap: $453.507 billion
- Gross Profit: $133.715 billion
- Revenue: $402.217 billion
7. JP Morgan Chase & CO. (JPM)
Gross Profit: $122.306 billion in March 2023
Chase is one of the biggest lenders in the US, showing a gross profit of over $120 billion. The CEO, Jamie Dimon, plans to set aside over 1 billion to fight the mild recession. In addition, the company ranks #1 among the companies with the most cash in the United States.
Chase is currently trading at $143.66, up 1.84% from the previous closing price of $141.07. The company has a market cap of over 400 billion and a volume of 9.51 million shares, with total revenue of $122.30 billion.
- Market cap: $422.843 billion
- Gross Profit: $122.306 billion
- Revenue: $122.306 billion
8. Chevron Corporation (CVX)
Gross Profit: $98.886 billion in March 2023
Chevron announced the full-year 2022 earnings of $35.5 billion, an increase from the previous year. Our valuation metrics show that Chevron may be a good buy, but not yet, so hold on to it. Currently trading at $164.96, up 1.48% from the previous closing price of $162.56.
The company has a market cap of $314.52 billion and a volume of 6 million shares, with total revenue of 244.30 billion.
- Market cap: $314.524 billion
- Gross Profit: $98.886 billion
- Revenue: $244.302 billion
9. Meta Platforms, Inc (META)
Gross Profit: $92.855 billion in March 2023
META has seen better days. With massive investments into virtual labs, investors are losing trust in the metaverse. With a market cap of $480.28 billion and a volume of 45.82 million shares, META presents a total revenue of $116.60 billion.
- Market cap: $480.28 billion
- Gross Profit: $92.855 billion
- Revenue: $116.60 billion
10. Exxon Mobil Corporation (XOM)
Gross Profit: $133.715 billion in March 2023
Exxon Mobil (NYSE) is currently trading at $112.81, up 1.27% from the previous closing price of $111.4. Our valuation metrics show that it is a good time to buy. The company has a market cap of $459.24 billion and 13 million shares, with total revenue of 402.21 billion USD.
- Market cap: $459.247 billion
- Gross Profit: $133.715 billion
- Revenue: $402.217 billion
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List of the largest companies from United States country rank by gross profits.
| Rank | Company | Earnings | Diff. next | Sector |
|---|---|---|---|---|
| #1 | Amazon.com, Inc.Symbol: AMZN | $ 225.152 billion ($225,152,000,000.00) Two Hundred Twenty Five Billion One Hundred Fifty Two Million | $54.370 billion more than Apple Inc. more by 31.84% | Consumer Cyclical |
| #2 | Apple Inc.Symbol: AAPL | $ 170.782 billion ($170,782,000,000.00) One Hundred Seventy Billion Seven Hundred Eighty Two Million | $14.149 billion more than Alphabet Inc. more by 9.03% | Technology |
| #3 | Alphabet Inc.Symbol: GOOG | $ 156.633 billion ($156,633,000,000.00) One Hundred Fifty Six Billion Six Hundred Thirty Three Million | $9.065 billion more than Walmart Inc. more by 6.14% | Communication Services |
| #4 | Walmart Inc.Symbol: WMT | $ 147.568 billion ($147,568,000,000.00) One Hundred Forty Seven Billion Five Hundred Sixty Eight Million | $11.948 billion more than Microsoft Corporation more by 8.81% | Consumer Defensive |
| #5 | Microsoft CorporationSymbol: MSFT | $ 135.620 billion ($135,620,000,000.00) One Hundred Thirty Five Billion Six Hundred Twenty Million | $1.905 billion more than Exxon Mobil Corporation more by 1.42% | Technology |
| #6 | Exxon Mobil CorporationSymbol: XOM | $ 133.715 billion ($133,715,000,000.00) One Hundred Thirty Three Billion Seven Hundred Fifteen Million | $11.409 billion more than JP Morgan Chase & Co. more by 9.33% | Energy |
| #7 | JP Morgan Chase & Co.Symbol: JPM | $ 122.306 billion ($122,306,000,000.00) One Hundred Twenty Two Billion Three Hundred Six Million | $23.420 billion more than Chevron Corporation more by 23.68% | Financial Services |
| #8 | Chevron CorporationSymbol: CVX | $ 98.886 billion ($98,886,000,000.00) Ninety Eight Billion Eight Hundred Eighty Six Million | $6.031 billion more than Meta Platforms, Inc. more by 6.5% | Energy |
| #9 | Meta Platforms, Inc.Symbol: META | $ 92.855 billion ($92,855,000,000.00) Ninety Two Billion Eight Hundred Fifty Five Million | $448 million more than Bank of America Corporation more by 0.48% | Communication Services |
| #10 | Bank of America CorporationSymbol: BAC | $ 92.407 billion ($92,407,000,000.00) Ninety Two Billion Four Hundred Seven Million | $9.193 billion more than Comcast Corporation more by 11.05% | Financial Services |
| #11 | Comcast CorporationSymbol: CMCSA | $ 83.214 billion ($83,214,000,000.00) Eighty Three Billion Two Hundred Fourteen Million | $3.597 billion more than UnitedHealth Group Incorporated more by 4.52% | Communication Services |
| #12 | UnitedHealth Group IncorporatedSymbol: UNH | $ 79.617 billion ($79,617,000,000.00) Seventy Nine Billion Six Hundred Seventeen Million | $1.915 billion more than Verizon Communications Inc. more by 2.46% | Healthcare |
| #13 | Verizon Communications Inc.Symbol: VZ | $ 77.702 billion ($77,702,000,000.00) Seventy Seven Billion Seven Hundred Two Million | $5.455 billion more than Wells Fargo & Company more by 7.55% | Communication Services |
| #14 | Wells Fargo & CompanySymbol: WFC | $ 72.247 billion ($72,247,000,000.00) Seventy Two Billion Two Hundred Forty Seven Million | $1.687 billion more than Citigroup, Inc. more by 2.39% | Financial Services |
| #15 | Citigroup, Inc.Symbol: C | $ 70.560 billion ($70,560,000,000.00) Seventy Billion Five Hundred Sixty Million | $667 million more than AT&T Inc. more by 0.95% | Financial Services |
| #16 | AT&T Inc.Symbol: T | $ 69.893 billion ($69,893,000,000.00) Sixty Nine Billion Eight Hundred Ninety Three Million | $3.660 billion more than Pfizer, Inc. more by 5.53% | Communication Services |
| #17 | Pfizer, Inc.Symbol: PFE | $ 66.233 billion ($66,233,000,000.00) Sixty Six Billion Two Hundred Thirty Three Million | $2.279 billion more than Johnson & Johnson more by 3.56% | Healthcare |
| #18 | Johnson & JohnsonSymbol: JNJ | $ 63.954 billion ($63,954,000,000.00) Sixty Three Billion Nine Hundred Fifty Four Million | $10.498 billion more than CVS Health Corporation more by 19.64% | Healthcare |
| #19 | CVS Health CorporationSymbol: CVS | $ 53.456 billion ($53,456,000,000.00) Fifty Three Billion Four Hundred Fifty Six Million | $678 million more than Home Depot, Inc. (The) more by 1.28% | Healthcare |
| #20 | Home Depot, Inc. (The)Symbol: HD | $ 52.778 billion ($52,778,000,000.00) Fifty Two Billion Seven Hundred Seventy Eight Million | Consumer Cyclical |
Showing rank from 1 to 20 of 6110 companies