Did you know that in FY 2023, Fortune 500 companies collectively amassed an astonishing $2.9 trillion in profits? But here’s where it gets interesting: Of this colossal amount, U.S. companies, numbering 136, claimed a dominant share of $1.1 trillion, representing 38% of the global profit pie.
In a striking contrast, China, with a comparable number of companies and similar revenue, trailed with a profit of only $528 billion, which is just under half of what U.S. companies generated, accounting for 18% of the total profit.
Meanwhile, the rest of the world, encompassing 31 countries, collectively earned $1.3 trillion, making up 44% of the total profit.
As a journalist who delves into the intricacies of global economics, this comprehensive study by growandconvert.com provides an intriguing narrative, rich in data and insights. The study not only highlights the financial supremacy of U.S. corporations but also offers a vivid comparison with their global counterparts, including China.
Key Findings:
- Fortune 500 companies amassed $2.9 trillion in profits, with U.S. firms contributing a staggering $1.1 trillion.
- Despite having a similar number of companies, U.S. profits almost double those of China’s $528 billion.
- Technology, Finance, and Energy sectors lead with 63% of global profits.
- U.S. Tech sector alone generated $306 billion, 28% of the country’s total profit.
- The top 10 U.S. companies, led by Apple, contributed 46% of the U.S.’s total profit.
Top 500 Most Profitable Companies: U.S. vs the World [Infographic]
For a more detailed analysis, numbers, and diverse perspectives, we invite you to explore the full study here.
Reference:- https://www.growandconvert.com/research/most-profitable-fortune-500-companies-in-2023/
