1. The Most Profitable Company in Every Industry

The Most Profitable Company in Every Industry

What are the most profitable industries, and what are the most profitable companies within those industries? The research team at Cloud Peak Law Group analyzed the profits that every company on the Fortune 500 list earned during their most recent fiscal year to determine the most profitable U.S. company in every industry. The colorful chart below was created using the results of our analysis, with each company’s annual profits visualized as a bubble. Fortune magazine’s annual ranking of the 500 largest companies in the United States compares these major corporations by their annual revenue for their respective fiscal years, but we’ve ranked them based on the profits they earned over the course of the fiscal year. To take our ranking a step beyond just a list of the most profitable companies in America, we decided to break it down by industry to reveal the most successful company in every industry. Read on to see which companies earned the highest profits across 73 industries that span 22 different sectors.

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What Is the Most Profitable Company in the United States?

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

What Is the Most Profitable Company in the World?

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.

What Is the Most Profitable Energy Company in the United States?

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.

What Is the Most Profitable Health-Care Company in the United States?

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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The Most Profitable U.S. Company in Every Industry

SectorIndustryCompanyProfits (in Billions)
1Aerospace and DefenseAerospace and DefenseNorthrop Grumman$7.01
1Business ServicesFinancial Data ServicesVisa$12.31
2Business ServicesDiversified Outsourcing ServicesAutomatic Data Processing$2.60
3Business ServicesWaste ManagementWaste Management$1.82
4Business ServicesAdvertising and MarketingOmnicom Group$1.41
5Business ServicesMiscellaneousUnited Rentals$1.39
6Business ServicesTemporary HelpRobert Half International$0.60
1EnergyPetroleum RefiningExxonMobil$23.04
2EnergyMining and Crude Oil ProductionConocoPhillips$8.08
3EnergyPipelinesEnergy Transfer$5.47
4EnergyUtilities: Gas and ElectricDuke Energy$3.91
5EnergyEnergyNRG Energy$2.19
6EnergyOil and Gas Equipment and ServicesHalliburton$1.46
1Engineering and ConstructionHome BuildersLennar$4.43
2Engineering and ConstructionEngineering and ConstructionPeter Kiewit Sons’$0.75
1FinancialInsurance, Property and Casualty (Stock)Berkshire Hathaway$89.80
2FinancialCommercial BanksJPMorgan Chase$48.33
3FinancialDiversified FinancialsFannie Mae$22.18
4FinancialInsurance, Life and Health (Stock)Prudential Financial$7.72
6FinancialInsurance, Life and Health (Mutual)TIAA$4.06
7FinancialReal EstatePrologis$2.94
8FinancialInsurance, Property and Casualty (Mutual)Nationwide$1.62
1Food and Drug StoresFood and Drug StoresPublix Super Markets$4.41
1Food, Beverage, and TobaccoBeveragesCoca-Cola$9.77
2Food, Beverage, and TobaccoTobaccoPhilip Morris International$9.11
3Food, Beverage, and TobaccoFood Consumer ProductsPepsiCo$7.62
4Food, Beverage, and TobaccoFood ProductionTyson Foods$3.05
1Health CarePharmaceuticalsPfizer$21.98
2Health CareHealth Care, Insurance and Managed CareUnitedHealth Group$17.29
3Health CareHealth Care, Pharmacy and Other ServicesCVS Health$7.91
4Health CareMedical Products and EquipmentAbbott Laboratories$7.07
5Health CareHealth Care, Medical FacilitiesHCA Healthcare$6.96
6Health CareWholesalers, Health CareAmerisourceBergen$1.54
1Hotels, Restaurants, and LeisureFood ServicesMcDonald’s$7.55
2Hotels, Restaurants, and LeisureHotels, Casinos, and ResortsMGM Resorts International$1.25
1Household ProductsHousehold and Personal ProductsProcter & Gamble$14.31
2Household ProductsHome Equipment and FurnishingsStanley Black & Decker$1.69
3Household ProductsToys and Sporting GoodsMattel$0.90
1IndustrialConstruction and Farm MachineryCaterpillar$6.49
2IndustrialElectronics and Electrical EquipmentHoneywell International$5.54
3IndustrialIndustrial MachineryIllinois Tool Works$2.69
2MaterialsForest and Paper ProductsWeyerhaeuser$2.61
3MaterialsPackaging and ContainersInternational Paper$1.75
4MaterialsBuilding Materials, GlassBuilders FirstSource$1.73
2MediaPublishing and PrintingNews Corp.$0.33
1Motor Vehicles and PartsMotor Vehicles and PartsFord Motor$17.94
1RetailingInternet Services and RetailingAmazon$33.36
2RetailingSpecialty Retailers, OtherHome Depot$16.43
3RetailingGeneral MerchandisersWalmart$13.67
4RetailingSpecialty Retailers, ApparelTJX$3.28
5RetailingAutomotive Retailing and ServicesAutoNation$1.37
1TechnologyComputers and Office EquipmentApple$94.68
2TechnologyInternet Services and RetailingAlphabet$76.03
3TechnologyComputer SoftwareMicrosoft$61.27
4TechnologySemiconductors and Other Electronic ComponentsIntel$19.87
5TechnologyNetwork and Other Communications EquipmentCisco Systems$10.59
6TechnologyScientific, Photographic, and Control EquipmentThermo Fisher Scientific$7.73
7TechnologyInformation Technology ServicesIBM$5.74
1TelecommunicationsTelecommunicationsVerizon Communications$22.07
1TransportationMail, Package, and Freight DeliveryUnited Parcel Service$12.89
2TransportationRailroadsUnion Pacific$6.52
3TransportationTransportation and LogisticsExpeditors International of Washington$1.42
4TransportationTrucking and Truck LeasingOld Dominion Freight Line$1.03
5TransportationAirlinesSouthwest Airlines$0.98
7TransportationTransportation EquipmentHarley-Davidson$0.65
1WholesalersWholesalers, Electronics and Office EquipmentArrow Electronics$1.11
2WholesalersWholesalers, DiversifiedLKQ$1.09
3WholesalersWholesalers, Food and GrocerySysco$0.52