In 2020, the total profit of these largest US companies was 858.6 billion U.S. dollars, a sharp drop of 29.8% compared with last year, the largest drop since 2009. Fortune said that in this year’s list, Wal-Mart ranked first for the ninth consecutive year, and Amazon remained second. Thanks to the hot sale of the iPhone 12, Apple’s revenue rose 5.5%, ranking third.
In terms of profitability, Apple’s profit rose by 3.9% compared with the previous year’s profit, returning to the top of the profit list; while Microsoft’s profit rose 12.8%, ranking second. The technology and financial industries are still the most profitable industries. Among the top ten most profitable companies, 9 are from these two industries.
For comparison, 108 companies on the list have not achieved profitability this year; compared with last year, an increase of 48 companies. Exxon Mobil reported an annual loss for the first time in 40 years, and became the most loss-making company on the list, with a loss of more than 22.4 billion U.S. dollars.
The American Occidental Petroleum Company in the same industry ranked second in the loss list, with a loss of more than 14.8 billion U.S. dollars. Delta Air Lines and Boeing also lost more than 10 billion U.S. dollars.
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Here are some highlights from this list:
- The rankings of the “three big AAA technology giants” in the United States, except Amazon, all rose, Apple rose to third, Google parent company Alphabet rose from 11th to 9th, and all three companies entered the top ten.
- Although Amazon has not changed in rankings, it has maintained a rapid growth momentum. In the past ten years, the company’s revenue has jumped from 34 billion U.S. dollars to 386 billion U.S. dollars.
- Alphabet, the parent company of Google, entered the top ten for the first time.
- Tesla’s revenue rose by 28.3%, ranking up 24 places and ranking 100th.
- AMD jumped 139 places to 309th, the company that jumped the most on this year’s list.
- There are a total of 39 new or re-listed companies this year, including the American century-old company Otis, the payment company Square founded by Twitter founder Jack Dorsey, NASDAQ, Yum! Electric Company, Hasbro, Moody’s, etc.
- Yum! Restaurant Group returned to the list this year, ranking 478th. Yum China Holdings Co., Ltd., a spin-off from Yum Foods, ranked 363th, and this year is the fifth consecutive year on the list.
- The total market value of the Fortune 500 companies in the United States reached US$32.7 trillion, an increase of 60% over the previous year, the largest increase since 1995.
- The 25 most profitable companies account for 58% of the profits of the listed companies. Technology companies are the most profitable industry. The total profits of 47 technology companies reached US$275 billion, an increase of 9% over last year, and accounted for nearly one-third of the total profits of the listed companies.
- Warren Buffett’s Berkshire Hathaway dropped from the top of the most profitable company sub-list last year to third, and it is also the only non-tech company in the top five of the sub-list.
- In the epidemic, there are winners and losers. Energy companies in the Fortune 500 in the United States lost a total of 51 billion U.S. dollars last year. Hotels and airlines have also been hit. The number of financial companies on the list has risen from 91 last year to 94 this year, with a total profit of US$251 billion.
- In the past six years, New York State has the largest number of Fortune 500 companies in the United States. But this year New York State and California tied for first place, with 53 companies on the list each.
- There are 32 companies on the list with more than 200,000 employees, of which Wal-Mart has 2.3 million employees. But there are also 8 companies on the list with fewer than 8,000 employees.
- Since 1995, 174 companies have never failed the list, including Wal-Mart, Microsoft, JPMorgan Chase, and so on.
- The 4 companies on the list were established in the 18th century. The average age of the companies on the list is 84 years old.
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