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.
Major revenue streams for Apple include its range of consumer electronics like the iPhone, iPad, and Mac computers, along with software and online services such as the App Store, iCloud, and various subscription services.
For the fiscal year ending in 2023, Apple Inc. reported a Basic Earnings Per Share (EPS) of $6.16 and a Diluted EPS of $6.13. This represents a slight increase from the previous year. In 2022, Apple's Basic EPS was approximately $6.15, while its Diluted EPS was $6.11, marking 8.91% increase from 2021.
Following closely is Merck & Co, Inc. (MRK), a titan in the healthcare industry, with a profit margin of 24.49%. The company's 2022 revenue stood at $59.28 billion, accompanied by a net income of $14.52 billion, showcasing its strong commitment to innovation and quality.
Merck & Co. is a leading healthcare company headquartered in Rahway, New Jersey, United States. Founded in 1891, the company operates globally, primarily in the pharmaceutical and animal health sectors. Merck's pharmaceutical segment focuses on a range of areas including oncology, immunology, neuroscience, and cardiovascular, alongside a strong emphasis on vaccine production. The animal health segment caters to veterinary pharmaceuticals, vaccines, and other health management solutions.
As of the latest available information, the Chairman, President, and CEO of Merck & Co. is Robert M. Davis, who has been serving in these roles since 2021.
The company’s stock price at the last market close was $100.18, with a 52-week range between $99.14 and $119.65. Merck & Co.'s shares reached their 52-week high of $119.65 on May 3, 2023. The 52-week low for the shares was $97.33, which occurred on January 24, 2023.
The company's earnings per share (EPS) figures for the fiscal year 2022 were as follows: the GAAP EPS from continuing operations was $5.71, and the Non-GAAP EPS was $7.48. These figures can be compared to the EPS figures from the previous year for a comprehensive understanding of the company's financial growth and performance.
Bank of America Corporation (BAC), a behemoth in the financial sector, recorded a profit margin of 23.92%. Its 2022 achievements include a net income of $27.53 billion, affirming its status as a financial powerhouse with a global customer base and a significant market capitalization.
Bank of America, a leading financial institution, is headquartered in Charlotte, North Carolina, at the Bank of America Corporate Center, 100 North Tryon Street. The company, led by CEO Brian Moynihan, operates in various segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, Business Banking, Global Commercial Banking, and Global Corporate & Investment Banking. These segments encompass a range of services from banking and asset management to financial and risk management products.
As for its financial data, the share price of Bank of America at the last market close was $29.53. The 52-week high for Bank of America shares was $37.85, achieved on November 30, 2022. The 52-week low was $24.96, reached on October 27, 2023.
The basic EPS of the company for the trailing 12 months in Sep 2023 was $3.59 and the diluted EPS for the same period was $3.57. The diluted EPS for 2022 was $3.20, when compared to $3.59 in 2021.
In the tech sphere, Alphabet Inc. (GOOG), reported a profit margin of 21.2%, with a 2022 revenue of $282.83 billion and a net income of $59.97 billion. Alphabet's diversified revenue streams, including lucrative cloud computing services, contribute significantly to its financial success.
Alphabet Inc., an American multinational technology conglomerate, is headquartered in Mountain View, California. The company, founded on October 2, 2015, has grown to become a significant player in the tech industry under the leadership of CEO Sundar Pichai. Alphabet operates primarily through advertising as its major revenue stream, reflecting its broad reach in digital marketing and online services.
As of the last market close on November 28, 2023, Alphabet's share price stood at $138.62. The share’s 52-week high was $141.22. It 52-week low was 97.56%.
Meta Platforms, Inc. (META), a leader in social media, achieved a 20% profit margin. With 3 billion monthly active users, the company generated $116 billion in revenue and a net income of $23.2 billion in 2022. This success is largely attributed to its adept use of user data and analytics for targeted advertising, enhancing user experience and profitability.
Meta Platforms, Inc., formerly known as Facebook, Inc., is an American multinational technology conglomerate headquartered in Menlo Park, California. The company was founded on January 4, 2004, in Cambridge, Massachusetts. Mark Zuckerberg, who founded the company as Facebook, serves as its Founder, Chairman, and CEO.
The core of Meta's business revolves around its social media platforms, which include Facebook, Instagram, WhatsApp, and Threads. In addition to these platforms, Meta has also acquired Oculus, integrated into its Reality Labs, as well as other companies like Mapillary and CTRL-Labs. Meta has ventured into non-virtual reality hardware through products like Meta Portal smart displays and partners with Luxottica for the Ray-Ban Stories series of smart glasses. Despite these diverse endeavors, the vast majority of Meta's revenue, approximately 97.5% in 2022, still comes from advertising
As for its financial performance, the stock of Meta Platforms, Inc., closed at $338.99 on the NasdaqGS on the last market day prior to November 29, 2023. The company's earnings per share (EPS) for 2023 (TTM) were reported at $11.50, showing a significant increase from the 2022 EPS of $8.61. This 2022 figure represented a decrease from the 2021 EPS of $14.00.
These companies, through strategic innovation, market adaptation, and customer-centric approaches, have set new standards in their respective industries, reflecting the dynamic and competitive nature of the US corporate landscape.
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