The United States is home to hundreds of companies in various industries that make profits by the billions. Here are some of the top USA companies that make hundreds of billions every year.
Tech giant Apple is the world’s most profitable company that is publicly traded, and one of the most powerful companies in the U.S. Even though the iPhone X got mixed reviews and the latest iPad did not sell as expected, they still manage to be among the top companies in the country. Their iPhone 8 and 8 Plus were a hit though, which is a major factor in the Cupertino-based company making it to the list. As of October 2017, Apple’s market capitalization stood at $806.65 billion.
- Berkshire Hathaway
Warren Buffet’s Berkshire Hathaway remains one of the United State’s top companies. This investing and insurance conglomerate made headlines back in 2013 when it bought H.J. Heinz for a whopping $23 billion. With a number of companies spanning across industries, like Geico in car insurance, Fruit of the Loom in innerwear, and Burlington Northern in railroad, it is no wonder Buffet’s company is able to uphold its top position. As of July 2017, Berkshire Hathaway’s market capitalization stands at $432.51 billion.
- Exxon Mobil
The world’s largest publicly traded oil and gas company in terms of market value, Exxon Mobil is one of America’s top companies. Through the years, it has managed to uphold its prestigious position of being the oil and gas industry benchmark in almost all aspects ranging from profitability and revenue generation to safety and security standards. As of July 2017, Exxon Mobil’s market capitalization was $352.70 billion.
Everyone knows Walmart, even if you don’t live in America. The retail chain is one of the biggest in the country. There are over 5,000 Walmart stores in the U.S, and the company has expanded and upgraded its online retailing services as well. In fact, after Amazon, it is the second largest online retailer in the United States. All these resulted in numerous rise in sales, and hence, revenue. As of November 2017, market capitalization for Walmart is 291.43 billion.
Despite AT&T losing a bunch of customers to its competition T-Mobile, the company is still among the top companies in the United States. To safeguard the company from any further losses, the CEO Randall Stephenson has made some significant moves. He bought DirecTV, satellite television provider for almost $50 billion and automatically made his company the world’s biggest TV service provider with around 50 million subscribers worldwide. As of November 2017, the market cap for AT&T is $223.95 billion.
- UnitedHealth Group
The largest health insurance company in the United States, UnitedHealth Group is also among the top companies in the country. Despite them leaving America’s Health Insurance Plans (AHIP), which is the largest trade group in the industry, and leaving many of Obamacare’s marketplaces, UnitedHealth Group still manages to rake in numerous revenues, proving that the insurance giant has no problem facing the market alone. As of November 2017, its market capitalization is $215.49 billion.
- Ford Motor
Ford has seen an impressive increase in sales in the recent years. In fact, in 2015, it saw its biggest sales performance in the United States since 2006. Due to the drop in gas prices in 2016, Ford was able to continue its profitable streak too. And to make sure the company does not stay behind, it will also continue to push and invest in automated driving technology. In 2013, the company’s revenue was 146.9 billion, a 10 percent increase from the previous year, while profits increased by as much as 26 percent.
The largest pharmaceutical distributor in the United States, McKesson is among the top companies in the country. Through the years, it has seen a huge increase in sales and revenue, mostly due to the general inflation on drug prices. But recently, the company went through a rough patch. Apart from losing a bunch of customers, there is a possibility that it could lose revenue as much as $13 billion by 2018 if its competition, Walgreens, acquire Rite Aid. Despite this, McKesson still manages to stay on top.