Know The Top 10 Most Profitable Companies In The World

Know The Top 10 Most Profitable Companies In The World

The list of the most profitable companies worldwide provides us a glimpse of the countries that have the most economic power and the sector that has the most economic influence. The 2 largest economies of the globe so far: the US and China’s name is included in almost every top 10 most profitable companies of all time

Only companies that are listed on the Canadian or US exchange or through ADRs are incorporated in this list. Saudi Arabia, Saudi Aramco’s state oil company, for instance, went public on the Saudi Stock Exchange in 2019. It could have been among the top 10  most profitable companies 2020 in the world and would have even been at the top of the list in previous years.

The fact that has to be noted is four among the five technology firms on that list are the U.S and two among them grab the top two slots. The technology sector is occupied with companies the produce electronics and software, develop software, and also provide service concerning information technology. 

Four of the five financial companies are listed in China, where most of those companies receive financial aid from the Chinese Government. The financial sector comprises of banks, insurance companies, investment companies, and also real estate firms. These institutes provide an array of financial services that include loans, deposits, etc.

10 Most Profitable Companies In The World 2021

The list that has been mentioned below is the list of 10 most profitable companies 2021 by 12 month trailing (TTM) net income. There are some companies outside the U.S that report their profits semi-annually in place of quarterly. So let us see the most profitable companies.

Apple Inc. (AAPL)

  • Net Income (TTM): $58.4 billion
  • 1-Year Trailing Total Return: 133.6%
  • Revenue (TTM): $273.9 billion
  • Market Cap: $2.1 trillion
  • Exchange: NASDAQ

Apple formulates and manufactures mobile communication and also media devices. Along with that it also manufactures personal computers and also portable digital music players. This company also sells an array of relevant software, music, video games, and many more. Apple Inc. is renowned for its series of iPads, iPhones, and Mac PCs. 

Microsoft Corp. (MSFT)

  • Net Income (TTM): $44.3 billion
  • 1-Year Trailing Total Return: 57.4%
  • Revenue (TTM): $143.0 billion
  • Market Cap: $1.6 trillion
  • Exchange: NASDAQ

Microsoft licenses, develops, and supports a range of software services and products, and also devices. The main product of the company includes Microsoft Operating System, server application, business applications, and also software development tools. It also manufactures PCs, tablets, phones, etc.

Industrial And Commercial Bank Of China Ltd. (IDCBY)

  • Net Income (TTM): $41.7 billion
  • 1-Year Trailing Total Return: -10.1%
  • Revenue (TTM): $122.2 billion
  • Market Cap: $195.0 billion
  • Exchange: OTC

Industrial And Commercial Bank Of China provides financial and banking solutions. Their services include personal and corporate loans, deposit taking, trade financing, and also personal wealth management. It also engages in investment activities for its own or its customers’ accounts.

China Construction Bank Corp. (CICHY)

  • Net Income (TTM): $35.6 billion
  • 1-Year Trailing Total Return: -1.7%
  • Revenue (TTM): $104.3 billion
  • Market Cap: $173.8 billion
  • Exchange: OTC

China Construction Bank Corp. provides financial and banking solutions. Their services include personal and corporate loans, deposit taking, trade financing, and also personal wealth management. 

Alphabet Inc. (GOOGLE)

  • Net Income (TTM): $31.5 billion
  • 1-Year Trailing Total Return: 33.7%
  • Revenue (TTM): $166.0 billion
  • Market Cap: $1.1 trillion
  • Exchange: NASDAQ

Alphabet Inc is a holding company and is the parent company of Google. Google is the world’s number 1 search engine and also provides other services like Ads, Commerce, Storage, etc. It also provides smart home products through Nest.

Agricultural Bank of China Ltd. (ACGBY)

  • Net Income (TTM): $28.4 billion
  • 1-Year Trailing Total Return: -5.3%
  • Revenue (TTM): $91.5 billion
  • Market Cap: $112.3 billion
  • Exchange: OTC

Agricultural Bank Of China provides international financial and banking services. It extends its services to individuals and corporations, government agencies, and other financial institutions.

JP Morgan Chase & Co. (JPM)

  • Net Income (TTM): $25.2 billion
  • 1-Year Trailing Total Return: -2.4%
  • Revenue (TTM): $118.9 billion
  • Market Cap: $315.5 billion
  • Exchange: New York Stock Exchange

JP Morgan is a global company that deals with financial holdings and provides banking services. The bank is engaged in a wide range of business for example corporate business, investment, etc.

Alibaba Group Holding Ltd. (BABA)

  • Net Income (TTM): $24.9 billion
  • 1-Year Trailing Total Return: 61.4%
  • Revenue (TTM): $77.9 billion
  • Market Cap: $761.3 billion
  • Exchange: New York Stock Exchange

Alibaba is a China based company. It conducts various e-commerce businesses through the subsidiaries of China and variable interest entities. It earns its primary revenue from the giant digital marketplace that connects customers and sellers.

Bank Of China Ltd. (BACHY)

  • Net Income (TTM): $24.8 billion
  • 1-Year Trailing Total Return: -11.2%
  • Revenue (TTM): $79.3 billion
  • Market Cap: $94.0 billion
  • Exchange: OTC

Bank Of China provides financial and banking solutions. Their services include personal and corporate loans, deposit taking, trade financing, mortgages, debit cards, credit cards, and also personal wealth management.

Intel Corp. (INTC)

  • Net Income (TTM): $23.7 billion
  • 1-Year Trailing Total Return: 4.7%
  • Revenue (TTM): $79.0 billion
  • Market Cap: $213.0 billion
  • Exchange: NASDAQ

Intel formulates and manufactures computer components and products that are related to that. Their main products include microprocessors, embedded processors, chipsets, flash memory, graphic, systems management software, network and communication, digital imaging products, and more.

Conclusion

The most profitable companies in the world are mainly from the U.S and China as seen above. In Europe, most profitable companies are fewer, and there are  10 most profitable companies in India in the above list.

Yaseer Rashid

Yaseer Rashid got a degree in Journalism and worked as a freelancer. Later he joined News Magnify as a Business and stock writer.

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