Which US Companies Dominate Profit Margins?
Tech and healthcare lead the pack in profitability
Apple – the biggest bite!
Apple Inc. (AAPL) leads the top US companies in achieving the highest profit-to-revenue ratios in their 2022 annual reports filed with the SEC. Apple boasts a staggering 27.28% profit margin, with its 2022 revenue touching $365.82 billion and net income soaring to $99.8 billion. This performance cements Apple's position as a world-leading tech giant, with the iPhone being a significant contributor to its revenue.
Apple is a globally renowned technology company headquartered at 1 Apple Park Way, Cupertino, California, USA. The company was founded on April 1, 1976, in Los Altos, California, by Steve Jobs, Steve Wozniak, and Ronald Wayne. It is publicly traded on the NASDAQ under the ticker AAPL and is known for its consumer electronics, software services, and online services.
The current CEO of Apple Inc. is Tim Cook. Over the past three years, the company has seen significant growth in its annual revenue. In 2021, Apple's revenue was $365.817 billion, marking a 33.26% increase from the previous year. The revenue further increased to $394.328 billion in 2022, showing a 7.79% growth. For the year 2023, the company reported revenue of $383.29 billion.
