The largest US companies in 2023 are the trendsetters, innovators, and harbingers of the next big shifts in consumer behavior and technology. This comprehensive list of the top 30 US companies reveals the current business landscape and the top industries leading the America and the world forward.
In an ever-evolving global economy, understanding which corporations hold the most influence is crucial, not only for investors but also for consumers, job-seekers, and budding entrepreneurs. Featuring the top 30 US companies by market cap in 2023, this compilation is more than just a numerical ranking; it offers a narrative on the power plays and strategies driving American enterprise.
In the United States, corporations get publicly listed on stock exchanges to gain access to capital from stock market investors. By agreeing to comply with the regulations imposed by the Securities Exchange Commission – SEC -, these companies get their stocks quoted on stock exchanges, the institutions in charge of ensuring proper market conditions for the trading of stocks.
In the United States, two main stock exchanges ensure proper market conditions for the continuous trading of stocks from hundreds of corporations: the New York Stock Exchange – NYSE – and the Nasdaq Stock Exchange, respectively the largest and second-largest stock exchanges in the US and the world.
Check our data platform for the latest ranking of US companies and S&P 500 companies.
The S&P 500 Index, the broadest American stock index
To measure the performance of American stocks and assess the evolution of the US financial markets and economy, the stocks of the 500 largest publicly listed companies in the United States are aggregated in the S&P 500 index, also more simply known as the S&P. This capitalization-weighted index, which gives more weight to larger companies, is considered to be one of the best benchmarks for the American stock market, and for the broader US economy.
Based upon the stocks of 500 companies, the S&P has a broader base than the 30 Dow Jones companies, even though many companies in the Dow Jones index are also top constituents of the S&P. The S&P also has a wider spectrum of sectors and industries than the Nasdaq Composite companies, which is heavily skewed toward the technology sector.
For more information on the largest American companies, download our S&P 500 companies Excel file containing the complete list of the 500 largest publicly listed companies in the US, together with extensive business, market, financial, and digital information on each company. For even more data on the largest US companies, download our Excel files on the Russell 1000 companies, Russell 2000 companies, or Russell 3000 companies.
The real-time quotation of the S&P 500 index can be followed with convenient graphical tools from a number of sources, including Google Finance, Yahoo Finance, Bloomberg, etc.
For more information on other world-leading companies, check our series of posts on Top Companies, and for more information on the country, read our articles on Top Business Resources for the US.
Key insights from the list of Top 30 US Companies in the S&P 500 index in January 2023
Dominance of Technology
The tech sector unmistakably holds dominance, with Apple ($2.067 T), Microsoft ($1.788 T), and Alphabet ($1.145 T) not only topping the list but also collectively possessing a market cap of about $5 trillion. Their monumental influence speaks volumes about the US and global reliance on technology, be it in the realm of personal electronics, software, or online platforms.
Strong Presence of Healthcare and Finance
With the likes of UnitedHealth Group ($495.37 B), Johnson & Johnson ($461.85 B), and other key players, the healthcare industry underscores its pivotal role, especially in a world increasingly concerned with health and wellness.
Despite the tech-driven transformations, traditional financial institutions like JPMorgan ($393.34 B) and Visa ($439.56 B) maintain their significance, indicating that conventional banking and financial services remain irreplaceable.
Diverse Range of Industries
Although technology and healthcare are prominent, the list also features an array of sectors – from consumer staples like Procter & Gamble ($359.15 B) and Walmart ($382.41 B) to energy giants like ExxonMobil ($454.25 B). This diversity showcases the multifaceted nature of the global economy and the varying avenues of opportunity and growth.
Disparity in Market Capitalizations
Observing the vast difference in market cap from Apple at $2.067 trillion to the 30th company, Cisco at $196.94 billion, reveals a difference of a factor of 10, highlighting the exceptional growth and influence the top players hold in the US and global market.
Consumer-centric Companies
Many companies on the list, including Amazon, Apple, and Tesla, have pivoted strongly towards consumer demands, signifying the importance of understanding and catering to consumer preferences in today’s market.
List of the top 30 US companies ranked by market capitalization, as of January 1st, 2023
To help you learn more about these corporations, details about the top 30 US companies have been collected hereafter. Each company is listed with links to detailed analysis of its, country, sector and industry, together with links to further insights on the company’s profile, market capitalization, stock evolution and link to its website. The companies are ranked by market capitalization in United States Dollars, as of effective close on January 1st, 2023.
Shortcuts to each US company
To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 US companies.
30. Cisco
Country: United States | Sector: Technology | Industry: Communication Equipment
Cisco Systems, Inc. is a multinational technology conglomerate developing, manufacturing, and selling networking hardware, telecommunications equipment, and other high-technology services and products. Through its multiple subsidiaries, Cisco is also specializing in Internet-of-Things, domain security, and energy management.
Company Profile | Market Cap.: $196.94 B | Stock: NASDAQ:CSCO | cisco.com
29. Costco
Country: United States | Sector: Consumer Staples | Industry: Discount Stores
Costco Wholesale Corporation, simply known as Costco, is a multinational company operating a chain of warehouse clubs. Costco sells a wide range of products including electronics, computers, furniture, outdoor living, appliances, jewelry, and more, with more than 750 warehouses in the US, Puerto Rico, Canada, Mexico, the UK, Japan, South Korea, Taiwan, Australia, Spain, Iceland, and France.
Company Profile | Market Cap.: $202.56 B | Stock: NASDAQ:COST | costco.com
28. Thermo Fisher Scientific
Country: United States | Sector: Healthcare | Industry: Diagnostics & Research
Thermo Fisher Scientific Inc. dedicated to biological and medical diagnostics and research. It manufactures and distributes scientific and medical instruments, laboratory equipment, software, reagents, consumables, chemicals, and services. Segmented into life sciences, analytical instruments, specialty diagnostics, and laboratory products, Thermo Fisher caters to the needs of multiple pharmaceuticals, biotechnology, agricultural, clinical, academic, and government actors.
Company Profile | Market Cap.: $215.98 B | Stock: NYSE:TMO | thermofisher.com
27. Oracle
Country: United States | Sector: Technology | Industry: Software—Infrastructure
Oracle Corporation is a multinational computer technology corporation that sells database software and technology, cloud engineered systems, and enterprise software products. Particularly engaged with its own brands of database management systems, Oracle provides tools for database development and software systems, including enterprise resource planning, human capital management, customer relationship management, and supply chain management.
Company Profile | Market Cap.: $220.39 B | Stock: NYSE:ORCL | oracle.com
26. Broadcom
Country: United States | Sector: Technology | Industry: Semiconductors
Broadcom Inc. is a producer of semiconductors and infrastructure software solutions for data center, networking, software, broadband, wireless, and storage, and industrial markets. It regroups multiple subsidiaries, including Avago Technologies, LSI, Broadcom Corporation, Brocade, and CA Technologies, which are industry leaders in their field.
Company Profile | Market Cap.: $233.65 B | Stock: NASDAQ:AVGO | broadcom.com
25. PepsiCo
Country: United States | Sector: Consumer Staples | Industry: Beverages—Non-Alcoholic
PepsiCo, Inc. is a multinational food, snack, and beverage corporation. Tracing its origins to the creation of Pepsi-Cola in 1898, PepsiCo has become one the largest food and drink company through the acquisition and development of new brands and products. Its portfolio of brands includes Pepsi, Tropicana Products, Quaker Oats Company, and Gatorade.
Company Profile | Market Cap.: $248.90 B | Stock: NASDAQ:PEP | pepsico.com
24. Bank of America
Country: United States | Sector: Financials | Industry: Banks—Diversified
The Bank of America Corporation, abbreviated as BofA, is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina, with more than 200,000 employees. Tracing its origins to 1784, Bank of America has become an American leader in consumer banking with more than 4,600 branches and 15,900 ATMs. Bank of America also operates in corporate and investment banking, wealth management, and investment management.
Company Profile | Market Cap.: $265.98 B | Stock: NYSE:BAC | bankofamerica.com
23. Coca-Cola
Country: United States | Sector: Consumer Staples | Industry: Beverages—Non-Alcoholic
Founded in 1886, the Coca-Cola Company is involved in the manufacturing, retail, and marketing of nonalcoholic beverage concentrates and syrups. It is primarily known for its sparkling sodas including Coca-Cola, Diet Coke, Fanta, and Sprite, but is also engaged in still beverages, such as waters, juices, and juice drinks, ready-to-drink teas, and coffees, sports drinks, dairy, and energy drinks.
Company Profile | Market Cap.: $275.23 B | Stock: NYSE:KO | coca-colacompany.com
22. Merck
Country: United States | Sector: Healthcare | Industry: Drug Manufacturers—General
Merck & Company, Inc., known as Merck Sharp & Dohme, or MSD, outside the United States and Canada, is one of the largest pharmaceutical companies in the world. Founded in 1891 in the US, and independent since World War I from its parent company, now one of the largest companies in Germany, Merck provides prescription medicines, vaccines, biologic therapies, and animal health products.
Company Profile | Market Cap.: $281.30 B | Stock: NYSE:MRK | merck.com
21. AbbVie
Country: United States | Sector: Healthcare | Industry: Drug Manufacturers—General
AbbVie Inc. is a pharmaceutical company. It is dedicated to the research and development, manufacturing, and marketing of medicine for a number of chronic diseases including autoimmune diseases, leukemia, lymphoma, hepatitis C, and HIV. It is also engaged in the treatment of pancreatic, thyroidal, and other hormonal insufficiencies.
Company Profile | Market Cap.: $285.80 B | Stock: NYSE:ABBV | abbvie.com
20. Pfizer
Country: United States | Sector: Healthcare | Industry: Drug Manufacturers—General
Pfizer Inc. is one of the world’s largest pharmaceutical corporations, developing and producing diverse medicines and vaccines. Its leading products include Lipitor (to lower LDL blood cholesterol), Lyrica (for neuropathic pain and fibromyalgia), Diflucan (antifungal medication), Zithromax (antibiotic), Viagra (for erectile dysfunction), and Celebrex (anti-inflammatory drug).
Company Profile | Market Cap.: $287.40 B | Stock: NYSE:PFE | pfizer.com
19. Meta
Country: United States | Sector: Communication Services | Industry: Internet Content & Information
Facebook, Inc. is an online social media and social networking service. Originally limited to students, Facebook has gradually opened its services to anyone above 13 years old, reaching now more than 2 billion across the world. It can be accessed through any device connected to the internet and allows users to customize profiles, post text, photos, and multimedia which is shared with their friends on Facebook. They can also join interest groups, receive messages and notifications, and use various other embedded applications.
Company Profile | Market Cap.: $319.89 B | Stock: NASDAQ:META | investor.fb.com
18. Home Depot
Country: United States | Sector: Consumer Discretionary | Industry: Home Improvement Retail
The Home Depot Inc. is a retailing company that sells tools, home improvement supplies, construction products, and services. Home Depot is the largest home improvement retailer in the United States, also operating in Canada and Mexico.
Company Profile | Market Cap.: $321.92 B | Stock: NYSE:HD | homedepot.com
17. Mastercard
Country: United States | Sector: Financials | Industry: Credit Services
Mastercard Incorporated is a multinational financial services corporation. It is primarily involved in the processing of payments between the merchants’ banks and the card-issuer of customers using a Mastercard brand debit, credit, or prepaid card to make purchases.
Company Profile | Market Cap.: $335.25 B | Stock: NYSE:MA | mastercard.com
16. Chevron
Country: United States | Sector: Energy | Industry: Oil & Gas Integrated
Chevron Corporation is an energy multinational company involved in every aspect of the oil, natural gas, and geothermal energy industries in more than 180 countries. Chevron operates in hydrocarbon exploration and production, hydrocarbon refining, marketing and transport, chemicals manufacturing and sales, and power generation.
Company Profile | Market Cap.: $347.07 B | Stock: NYSE:CVX | chevron.com
15. Lilly
Country: United States | Sector: Healthcare | Industry: Drug Manufacturers—General
Eli Lilly and Company, more simply known as Eli Lilly or just Lilly, is a pharmaceutical company. Founded in 1876, Eli Lilly is engaged in the research, development, manufacturing, and marketing of insulin and endocrinology products for diabetes, psychiatric medication including Prozac, as well as treatments for osteoporosis, human growth hormone deficiency, pediatric growth conditions, autoimmune diseases, and diverse types of cancers.
Company Profile | Market Cap.: $347.61 B | Stock: NYSE:LLY | lilly.com
14. Procter & Gamble
Country: United States | Sector: Consumer Staples | Industry: Household & Personal Products
Founded in 1837, the Procter & Gamble Company, also known as P&G, is a multinational consumer goods corporation providing a wide range of personal health/consumer health and personal care and hygiene products in the segments of beauty, grooming, healthcare, fabric and home, and baby, feminine and family care.
Company Profile | Market Cap.: $359.15 B | Stock: NYSE:PG | pginvestor.com
13. Nvidia
Country: United States | Sector: Technology | Industry: Semiconductors
Nvidia Corporation is a company developing graphics processing units – GPUs – for the gaming and professional markets, and “system on a chip” units – SoCs – for the mobile computing and automotive market. It operates the GeForce brand of GPUs, Tegra mobile processors, and expanded in gaming with the Shield brand of handled devices, tablets, and Android TV. Nvidia now also produces chips for supercomputers, especially powering artificial intelligence and scientific research applications.
Company Profile | Market Cap.: $364.18 B | Stock: NASDAQ:NVDA | nvidia.com
12. Walmart
Country: United States | Sector: Consumer Staples | Industry: Discount Stores
Walmart Inc. is a multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores. Walmart is the world’s largest company by revenue, employing more than 2.3 million people in 28 countries.
Company Profile | Market Cap.: $382.41 B | Stock: NYSE:WMT | stock.walmart.com
11. Tesla
Country: United States | Sector: Consumer Discretionary | Industry: Auto Manufacturers
Tesla, Inc. is an electric vehicle and clean energy company. It produces electric cars, including sedans, sports cars and pick-up trucks, and electric powertrain components and systems, and related services, as well as energy generation and storage systems including batteries, solar roof tiles, and solar panels through its subsidiary SolarCity.
Company Profile | Market Cap.: $388.97 B | Stock: NASDAQ:TSLA | tesla.com
10. JPMorgan
Country: United States | Sector: Financials | Industry: Banks—Diversified
JPMorgan Chase & Co. is a multinational investment bank and financial services company headquartered in New York City. With origins dating back to 1799, JPMorgan Chase has become one of the world’s largest universal banks operating worldwide. It is involved in retail and commercial as well as in investment banking, asset management, private banking, private wealth management, and treasury services.
Company Profile | Market Cap.: $393.34 B | Stock: NYSE:JPM | jpmorganchase.com
9. Visa
Country: United States | Sector: Financials | Industry: Credit Services
Visa Inc., is a multinational financial services corporation facilitating electronic funds transfers throughout the world. It operates payment products that financial institutions use to offer credit, debit, prepaid, and cash access programs to their customers via Visa-branded credit cards, gift cards, and debit cards.
Company Profile | Market Cap.: $439.56 B | Stock: NYSE:V | usa.visa.com
8. ExxonMobil
Country: United States | Sector: Energy | Industry: Oil & Gas Integrated
Exxon Mobil Corporation, more commonly known as ExxonMobil, is the world’s largest energy company, operating in the exploration, production, transportation, and sale of crude oil and natural gas. ExxonMobil is also engaged in the manufacturing, transportation, and sale of petroleum products, markets commodity petrochemicals, and a range of specialty products.
Company Profile | Market Cap.: $454.25 B | Stock: NYSE:XOM | corporate.exxonmobil.com
7. Johnson & Johnson
Country: United States | Sector: Healthcare | Industry: Drug Manufacturers—General
Johnson & Johnson is a multinational medication, first aid supplies, and consumer packaged goods manufacturing and sales company founded in 1886. Regrouping numerous famous brands, Johnson & Johnson’s line of products notably includes Band-Aid, Tylenol, Johnson’s baby products, Neutrogena, Clean & Clear, and Acuvue.
Company Profile | Market Cap.: $461.85 B | Stock: NYSE:JNJ | jnj.com
6. UnitedHealth Group
Country: United States | Sector: Healthcare | Industry: Healthcare Plans
UnitedHealth Group is the largest healthcare company in the world by revenue, offering diversified health care products and insurance services. It serves clients through two distinct platforms: UnitedHealthcare which provides health care coverage and benefits services, and Optum which provides information and technology-enabled health services.
Company Profile | Market Cap.: $495.37 B | Stock: NYSE:UNH | unitedhealthgroup.com
5. Berkshire Hathaway
Country: United States | Sector: Financials | Industry: Financial Conglomerates
Berkshire Hathaway Inc. is a multinational conglomerate holding company. It wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also has significant shares of Pilot Flying J, Kraft Heinz Company, American Express, Wells Fargo, The Coca-Cola Company, Bank of America, Apple, United Airlines, Delta Air Lines, Southwest Airlines and American Airlines. Berkshire Hathaway also acquired a number of smaller companies in a wide variety of industries, including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.
Company Profile | Market Cap.: $682.32 B | Stock: NYSE:BRK.B | berkshirehathaway.com
4. Amazon
Country: United States | Sector: Consumer Discretionary | Industry: Internet Retail
Amazon.com, Inc. is a multinational technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. It started as an online bookstore that later diversified to a wide array of products. Amazon has become the uncontested leader of e-commerce in the US, and after having expanded to many countries, it has also developed further into brick-and-mortar retail with the acquisition of Whole Foods Market, as well as publishing, electronics, cloud computing, video streaming, and production, among other investments.
Company Profile | Market Cap.: $856.94 B | Stock: NASDAQ:AMZN | amazon.com
3. Alphabet
Country: United States | Sector: Communication Services | Industry: Internet Content & Information
Alphabet Inc. is a multinational technology conglomerate, created from the corporate restructuring of Google, which is now its subsidiary together with several other services. The Google search engine, advertising business, and associated services are the largest part of Alphabet’s activities, with other subsidiaries including Calico (biotechnology), Chronicle (cybersecurity), DeepMind (artificial intelligence), GV (venture capital), CapitalG (private equity), X (R&D), Google Fiber (fiber internet services), Jigsaw (tech incubator), Makani (wind turbines), Sidewalk Labs (urban innovation), Verily (life sciences), Waymo (self-driving tech), Wing (drone-based delivery) and Loon (internet provider via stratospheric balloons).
Company Profile | Market Cap.: $1.145 T | Stock: NASDAQ:GOOG | abc.xyz
2. Microsoft
Country: United States | Sector: Technology | Industry: Software—Infrastructure
Microsoft Corporation is a multinational technology company developing, manufacturing, licensing, supporting, and selling computer software, most notably the Windows operating systems, the Microsoft Office suite, Internet Explorer and Edge web browsers. It is also involved in consumer electronics with the Xbox video game consoles, touchscreen personal computers with Microsoft Surface, and related services.
Company Profile | Market Cap.: $1.788 T | Stock: NASDAQ:MSFT | microsoft.com
1. Apple
Country: United States | Sector: Technology | Industry: Consumer Electronics
Apple Inc. designs, manufactures, and markets mobile phones and media devices, computers, notably the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV. The company also conceives and sells a range of related software and services: the iPhone OS (iOS), OS X and watchOS operating systems, iCloud, and Apple Pay. Apple also sells accessories, support offerings, and third-party digital content and applications.
Company Profile | Market Cap.: $2.067 T | Stock: NASDAQ:AAPL | apple.com
The hierarchy of market cap can be a mirror reflecting the larger socio-economic and technological narratives of an era. As you click through the profiles, country insights, and performance data of these industry giants, we encourage you to reflect on their evolution and the potential future they hint at. Which companies will climb up the ranks? Which industries will redefine their market share? Which strategies will be the game-changers?
Engage with our comprehensive analyses and deep dives, and don’t forget to share your perspectives and predictions in the comments section below. For those eager to delve even deeper, our range of tailored analytical tools and reports are just a click away, offering even more insights and updated data with our US market and companies analysis.
And remember, in the dynamic world of business, today’s rankings are merely the prologue of tomorrow’s stories. Stay informed, stay ahead.
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