The Most Profitable Company in Every Industry

The most profitable company in the U.S. is Apple, with $94.68 billion in profit earned during their 2022 fiscal year, which began on Sept. 26, 2021, and ended on Sept. 24, 2022. Apple’s profits during this time were 64.9% higher than the profits earned during the 2021 fiscal year. Apple is by far the most profitable technology company; only Google’s parent company Alphabet comes close, with $76.03 billion in profits earned this past year.

The second most profitable company in America is Berkshire Hathaway, with a recorded profit of $89.8 billion earned this year. If you thought Apple’s increase in profits was impressive, brace yourself: Berkshire Hathaway's profits increased an unbelievable 111.2% over the previous year’s profits. Berkshire Hathaway is the most profitable company in the financial sector and the property/casualty insurance industry. The second most profitable financial company was JPMorgan Chase, which made a profit of $48.33 billion, roughly half of Berskhire Hathaway's profits.

The 10 Most Profitable Companies in the United States

1. Apple: $94.68 billion
2. Berkshire Hathaway: $89.80 billion
3. Alphabet: $76.03 billion
4. Microsoft: $61.27 billion
5. JPMorgan Chase: $48.33 billion
6. Meta Platforms: $39.37 billion
7. Amazon: $33.364 billion
8. Bank of America: $31.98 billion
9. ExxonMobil: $23.04 billion
10. Fannie Mae: $22.18 billion

Saudi Aramco, a petroleum and natural gas company, is the world’s most profitable company, and it earned $105.37 billion during the most recent fiscal year. Apple’s $95.68 billion profit earned it the title of the second most profitable corporation in the world, with Berkshire Hathaway on its heels as another of the most profitable companies in the world.

The most profitable energy company in the U.S. is ExxonMobil, with a profit of $23.04 billion earned during their fiscal year. This was quite the turnaround for ExxonMobil, which had its worst year in decades the previous year, losing $22 billion amid the pandemic. With oil and gas prices rising throughout 2022, energy is one of the most profitable industries, with ExxonMobil and other energy companies back to earning record profits.

The most profitable health-care company in the U.S. is Pfizer, which earned record profits of $21.98 billion during the 2021 fiscal year. Pfizer had one of the bigger increases in profits on our list of companies, with a whopping 128.60% increase over the previous year’s profits. The main reason for Pfizer’s high profits during their recent fiscal year is the development of its vaccine for COVID-19, which has 70% of the U.S. and European market share. Before the pandemic began, Pfizer’s most profitable products were a pneumonia vaccine, the fibromyalgia treatment Lyrica, and the cancer drug Ibrance.

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