Which sectors are doing the best? A quick look at the top earning companies
News flash: The stock market and financial sector didn’t do too well in 2022.
But for the majority of business sectors, profits soared and shareholders got richer last year. The numbers might even surprise you a bit.
Visual Capital showed how the top earning corporations in all sectors fared during the past fiscal year (though January 31, 2023) in a recent infographic. (Data was pulled from Fortune.)
Here are the highlights:
| Leading Corporation | Industrial Sector | 2022 Profit | Change |
| 1. Apple | Technology | $99.8B | 5% |
| 2. ExxonMobil | Energy | $55.7B | 142% |
| 3. JPMorgan Chase | Finance | $37.7B | -22% |
| 4. Pfizer | Health Care | $31.3B | 42% |
| 5. Verizon | Telecommunications | $21.3B | -4% |
| 6. Home Depot | Retailers | $17.1B | 4% |
| 7. Visa | Credit services | $15.0B | 21% |
| 8. Procter & Gamble | Household items | $14.7B | 3% |
| 9. Tesla | Motor vehicles | $12.6B | 127% |
| 10. UPS | Transportation | $11.5B | -10% |
| 11. Coca-Cola | Food/beverages | $9.5B | -2% |
| 12. Nucor | Materials | $7.6B | 11% |
| 13. John Deere | Equipment | $7.1B | 19% |
| 14. McDonald’s | Hotels/restaurants | $6.2B | -18% |
| 15. Nike | Apparel | $6.0B | 5% |
| 16. DuPont | Chemicals | $5.9B | -9% |
| 17. D.R. Horton | Engineering/construction | $5.9B | 40% |
| 18. Lockheed Martin | Aerospace/defense | $5.7B | -9% |
| 19. Netflix | Media | $4.5B | -12% |
| 20. Walgreens | Drug stores | $4.3B | 70% |
| 21. W.W. Grainger | Wholesale | $1.5B | 48% |
Apple remains the most profitable company in the world. At least half of its net sales are iPhones.
ExxonMobil (and other giants in the oil & gas sector) racked up a record profit in 2022. Rising oil prices should mean another banner year is in the cards for the energy sector.
It remains to be seen if belt-tightening will improve the bottom lines of JPMorgan Chase and other big players in financial services in 2023.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by UJET
Further Reading
Americans use more healthcare services than any other people. So we pay more as a result — and the cost is going up every year. 2025 ...
CFOs intend to continue cutting costs and boosting efficiency in every area possible through 2024 and probably well into 2025. And unfortun...
Who says Democrats and Republicans can’t agree? A few weeks back, Donald Trump advocated for eliminating taxes on tips of workers in ...
Could entrepreneurs and businesses recoup billions of dollars in taxes paid after Congress passed the Tax Cuts and Jobs Act in 2017? A case...
Did you hear about the office building in New York City purchased for $1 a few weeks back? Or the tower in Los Angeles that sold for HALF t...
“Everything we look at says that we’re probably going into very slow growth in 2024 – probably not a recession,” sa...
