61 Out of the 100 Largest Companies by Market Cap are from the United States, with a Combined Value of over $33 Trillion
October 24, 4:44 am
As the world`s biggest technological superpower and top spender on search and development, the United States is home to the biggest number of tech giants. Today, there are nine companies with a stock value of more than one trillion dollars, seven of which are from the United States. However, these tech giants are only at the top of the constantly growing number of high-valued US companies, which make up the biggest part of the global top 100 list.
According to data presented by AltIndex.com, 61 out of the world`s 100 largest companies by market cap are from the United States, three times more than those from Europe and four times more than Asian companies.
Top 100 Companies Hit $46.7T in Combined Market Cap; US Companies Make 71% of That Value
The large and dynamic US economy with a strong entrepreneurial culture that encourages risk-taking, innovation, and the pursuit of new business opportunities, as well as business-friendly legal and regulatory framework and much easier access to VC capital, have created an ecosystem that fosters the growth of high-valued companies across sectors. The Company Market Cap data proves this.
US companies undoubtedly dominate the list of the world`s 100 largest companies by market cap, both in number and combined stock value. Statistics show that 61 out of the 100 companies on the list are from the United States, three times more than Europe and four times more than those from Asia. Europe has only 19 companies on the global top 100 list, and Asia has four less. Most of the highest-valued Asian companies, ten out of fifteen, are headquartered in China.
Besides making 61% of the world`s top 100 companies by market cap, US companies also top in stock value. Statistics show the combined market cap of all companies in the Top 100 list hit $46.7 trillion last week, and US companies made 71% of that value. Moreover, their combined market cap of over $33 trillion is nearly three times higher than that of European and Asian companies combined. Asian companies hit $5.99 trillion in combined market cap last week, $1.5 trillion more than their European counterparts.
US Companies hit Over $1.2 Trillion in Combined Earnings
While it has become common for the US tech, finance, and ecommerce giants to generate billions of dollars in revenues, with their earnings and profit rising year-over-year, the combined earnings of these 61 companies are still nothing less than impressive.
Statistics show that the combined earnings of all US companies on the Top 100 list hit more than $1.2 trillion in the last year, more than the GDP of countries like Saudi Arabia, Netherlands, and Turkey, and twice that of Poland, Argentina, or Sweden.
Apple, Microsoft, and Alphabet top this list with $121 billion, $107 billion, and $101 billion in earnings, respectively. Statistics also show that out of ten companies with the highest earnings between Q3 2023 and Q2 2024 globally, eight are from the United States, with Saudi Aramco and Chinese ICBC as the only non-US names.
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