The US stock exchange has many big players, but some of them are even more successful than others. The list of the world’s highest revenue companies gives an idea of which countries have the most economic power and which sectors have the greatest impact. The world’s two largest economies, the United States and China, have the highest revenue companies. In the US, the top 5 highest revenue companies list includes technology giants, financial companies, as well as retail and healthcare companies.
Revenue is an important metric that can help traders understand the company’s position and determine its financial strength. Below we have collected the list of 5 US highest revenue companies. Note that revenue is the total volume of income that a company receives from the sale of its products or services. Unlike a company’s earnings, no expenses are deducted from it.
1. Walmart Inc.
Revenue in 2022 (TTM): $572.75 billion
The top place of the list is taken by Walmart. Walmart operates discount stores, super-centers and neighborhood stores with high quality goods and affordable prices. According to Walmart’s latest financial statements, its current revenue (TTM) is a whopping $572.75 billion in 2022. In 2021, the company’s revenue was 571.96 billion, while in 2020 the sum was slightly lower but still very impressive — 548.74 billion.
Walmart is a retail giant that offers online and offline shopping and works in 23 countries outside of the US. It has stores in Canada, Mexico, Central America, China, India and South Africa. It is hard to compete with such a huge chain and its development may attract the attention of traders and investors. The chart below shows Walmart’s revenue growth over the years.
2. Amazon
Revenue in 2021 (TTM): $469.82 billion
According to the world’s largest online retailer’s financial reports, the current revenue of Amazon is $469.82 B, an increase from $386.06 B in 2020.
Over the years, Amazon has adopted a multi-level sales strategy between itself, its customers and suppliers to enable growth. New acquisitions and partnerships have created the conditions for further development. Now Amazon is not just an online retailer, but also a streaming service, groceries delivery, consumer electronics and much more. With over 60% of their market share in online stores and retail, Amazon’s main obstacles remain competition and regulation.
3. Apple
Revenue in 2021 (TTM): $378.32 billion
The company became the first American company to reach a trillion dollar market capitalization as it continues to grow and innovate. With the revenue of $378.32 B in 2021, it made a significant increase in comparison to $294.13 B in 2020. In addition, the company received the first FDA approval to allow Watch 4 and above users to use the watch to perform ECG tests and monitor heart rate in real time, making the Apple Watch a health guardian.
4. Berkshire Hathaway
Revenue in 2021 (TTM): $354.63 billion
Warren Buffett’s legendary conglomerate holding runs many companies (including Duracell, Dairy Queen, Fruit of the Loom, Helzberg Diamonds and more) and owns significant minority holdings in such giants like American Express, The Coca-Cola Company, Bank of America and Apple. The company makes strategic acquisitions as part of its overall growth strategy to strengthen key business areas and increase market share. Thanks to its strong management, Berkshire Hathaway manages to increase its revenue year to year.
5. CVS Health Corporation
Revenue in 2021 (TTM): $292.11 billion
Last but not least in the list of 5 highest revenue US companies is the CVS Health Corporation. This American healthcare company owns the CVS Pharmacy chain (available offline and online), a health insurance provider Aetna, as well as CVS Caremark. Over the past 5 years CVS has shown a stable growth (compound annual growth rate) of 8.7%. According to analysts, the company’s strategic acquisitions (Omnicare and Target Pharmacy) should pay off in the coming years, increasing the company’s profits and market share.
Which one from the list of highest revenue companies would you consider for your portfolio and why? Let us know in the comments below!
