Top 100 Most Indebted Stocks
Top companies ranked by long-term debt, latest annual filings.
Most Indebted US Companies: What Long-Term Debt Tells You
Long-term debt captures borrowings with maturities beyond one year: bonds, term loans, and similar obligations used to fund acquisitions, capital projects, and shareholder returns. This ranking shows the companies carrying the largest absolute debt balances, not the most risky or the most leveraged. A large dollar figure can belong to a mega-cap business whose cash flows easily service it, or to a smaller firm where the same balance is dangerous, which is why absolute size is only the first question.
Why High Debt Isn't Always Bad
Absolute dollar debt is not a risk signal on its own. The meaningful comparison is against earnings, cash flow, and enterprise value: the same balance that looks ruinous for one business is easily carried by another. Debt financing can also be cheaper than equity for mature, cash-generative firms, and many capital-intensive sectors are expected to carry large balances as a normal part of their operating model rather than as a sign of distress.
What to Read Alongside
Pair long-term debt with [Free Cash Flow](/financials/top-free-cash-flow-stocks/) to see what cash is available to service it, [EBITDA](/financials/top-ebitda-stocks/) to compute leverage ratios, and [Cash & Equivalents](/financials/top-cash-rich-stocks/) to think in net-debt terms.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | VZ | Verizon Communications Inc. | Communication Services | $139.53B | $196.00B |
| 2 | T | AT&T Inc. | Communication Services | $134.72B | $159.81B |
| 3 | CHTR | Charter Communications, Inc. | Communication Services | $94.01B | $17.11B |
| 4 | CMCSA | Comcast Corporation | Communication Services | $92.98B | $85.63B |
| 5 | NEE | NextEra Energy, Inc. | Utilities | $89.56B | $176.94B |
| 6 | TMUS | T-Mobile US, Inc. | Communication Services | $81.15B | $201.10B |
| 7 | DUK | Duke Energy Corporation | Utilities | $80.11B | $96.82B |
| 8 | AAPL | Apple Inc. | Technology | $78.33B | $4342.02B |
| 9 | SHEL | Shell plc | Energy | $75.64B | $238.11B |
| 10 | BUD | Anheuser-Busch InBev SA/NV | Consumer Defensive | $73.01B | $159.17B |
| 11 | UNH | UnitedHealth Group Incorporated | Healthcare | $72.32B | $368.30B |
| 12 | ET | Energy Transfer LP | Energy | $68.31B | $64.56B |
| 13 | SO | The Southern Company | Utilities | $65.65B | $105.14B |
| 14 | AMZN | Amazon.com, Inc. | Consumer Cyclical | $65.65B | $2597.95B |
| 15 | ABBV | AbbVie Inc. | Healthcare | $64.50B | $397.12B |
| 16 | AVGO | Broadcom Inc. | Technology | $63.80B | $1834.38B |
| 17 | PFE | Pfizer Inc. | Healthcare | $61.64B | $149.15B |
| 18 | CVS | CVS Health Corporation | Healthcare | $60.50B | $128.21B |
| 19 | META | Meta Platforms, Inc. | Communication Services | $58.74B | $1442.92B |
| 20 | PCG | PG&E Corporation | Utilities | $57.39B | $36.98B |
| 21 | IBM | International Business Machines Corporation | Technology | $54.84B | $258.33B |
| 22 | BA | The Boeing Company | Industrials | $53.85B | $174.71B |
| 23 | AMGN | Amgen Inc. | Healthcare | $50.01B | $191.09B |
| 24 | EXC | Exelon Corporation | Utilities | $47.41B | $46.57B |
| 25 | MRK | Merck & Co., Inc. | Healthcare | $46.75B | $298.26B |
| 26 | GOOG | Alphabet Inc. | Communication Services | $46.55B | $4348.23B |
| 27 | D | Dominion Energy, Inc. | Utilities | $46.33B | $58.65B |
| 28 | PM | Philip Morris International Inc. | Consumer Defensive | $45.13B | $281.74B |
| 29 | HD | The Home Depot, Inc. | Consumer Cyclical | $44.83B | $325.07B |
| 30 | AEP | American Electric Power Company, Inc. | Utilities | $44.13B | $69.91B |
| 31 | INTC | Intel Corporation | Technology | $44.09B | $587.84B |
| 32 | AER | AerCap Holdings N.V. | Industrials | $43.57B | $21.74B |
| 33 | BMY | Bristol-Myers Squibb Company | Healthcare | $42.85B | $116.19B |
| 34 | PEP | PepsiCo, Inc. | Consumer Defensive | $42.32B | $196.45B |
| 35 | KO | The Coca-Cola Company | Consumer Defensive | $42.12B | $355.08B |
| 36 | HCA | HCA Healthcare, Inc. | Healthcare | $41.60B | $83.97B |
| 37 | LLY | Eli Lilly and Company | Healthcare | $40.87B | $1035.27B |
| 38 | MSFT | Microsoft Corporation | Technology | $40.15B | $2899.62B |
| 39 | MCD | McDonald's Corporation | Consumer Cyclical | $39.97B | $202.33B |
| 40 | CVX | Chevron Corporation | Energy | $39.78B | $370.08B |
| 41 | JNJ | Johnson & Johnson | Healthcare | $39.44B | $573.71B |
| 42 | CRM | Salesforce, Inc. | Technology | $39.28B | $136.32B |
| 43 | TMO | Thermo Fisher Scientific Inc. | Healthcare | $39.17B | $176.77B |
| 44 | WMT | Walmart Inc. | Consumer Defensive | $36.89B | $958.95B |
| 45 | LOW | Lowe's Companies, Inc. | Consumer Cyclical | $36.75B | $123.94B |
| 46 | EIX | Edison International | Utilities | $36.07B | $27.84B |
| 47 | RITM | Rithm Capital Corp. | Real Estate | $35.44B | $5.16B |
| 48 | DIS | The Walt Disney Company | Communication Services | $35.31B | $174.24B |
| 49 | PLD | Prologis, Inc. | Real Estate | $35.04B | $137.23B |
| 50 | RTX | RTX Corporation | Industrials | $34.29B | $248.07B |
| 51 | XOM | Exxon Mobil Corporation | Energy | $34.24B | $607.65B |
| 52 | AMT | American Tower Corporation | Real Estate | $33.83B | $88.20B |
| 53 | PBR | Petróleo Brasileiro S.A. - Petrobras | Energy | $33.31B | $117.55B |
| 54 | EPD | Enterprise Products Partners L.P. | Energy | $32.77B | $80.66B |
| 55 | WBD | Warner Bros. Discovery, Inc. | Communication Services | $32.57B | $67.34B |
| 56 | XEL | Xcel Energy Inc. | Utilities | $32.33B | $48.86B |
| 57 | UNP | Union Pacific Corporation | Industrials | $31.81B | $159.28B |
| 58 | CI | The Cigna Group | Healthcare | $30.87B | $77.99B |
| 59 | ELV | Elevance Health, Inc. | Healthcare | $30.80B | $86.69B |
| 60 | KMI | Kinder Morgan, Inc. | Energy | $30.78B | $69.77B |
| 61 | OKE | ONEOK, Inc. | Energy | $30.75B | $56.20B |
| 62 | CAT | Caterpillar Inc. | Industrials | $30.70B | $413.44B |
| 63 | MPC | Marathon Petroleum Corporation | Energy | $30.50B | $76.14B |
| 64 | TDG | TransDigm Group Incorporated | Industrials | $29.29B | $70.34B |
| 65 | SRE | Sempra | Utilities | $28.98B | $59.84B |
| 66 | HON | Honeywell International Inc. | Industrials | $28.69B | $138.85B |
| 67 | SPG | Simon Property Group, Inc. | Real Estate | $28.43B | $69.68B |
| 68 | ETR | Entergy Corporation | Utilities | $27.90B | $50.32B |
| 69 | FI | Fiserv, Inc. | Technology | $27.76B | $34.31B |
| 70 | WMB | The Williams Companies, Inc. | Energy | $27.32B | $87.59B |
| 71 | ES | Eversource Energy | Utilities | $26.87B | $25.74B |
| 72 | MDT | Medtronic plc | Healthcare | $26.18B | $103.13B |
| 73 | ATUS | Altice USA, Inc. | Communication Services | $26.15B | $0.84B |
| 74 | ED | Consolidated Edison, Inc. | Utilities | $25.55B | $39.37B |
| 75 | FE | FirstEnergy Corp. | Utilities | $25.51B | $27.00B |
| 76 | DTE | DTE Energy Company | Utilities | $25.31B | $30.33B |
| 77 | PG | The Procter & Gamble Company | Consumer Defensive | $25.00B | $345.42B |
| 78 | AAL | American Airlines Group Inc. | Industrials | $24.64B | $9.69B |
| 79 | CCI | Crown Castle Inc. | Real Estate | $24.34B | $40.17B |
| 80 | MPLX | MPLX LP | Energy | $24.15B | $57.32B |
| 81 | MO | Altria Group, Inc. | Consumer Defensive | $24.14B | $119.25B |
| 82 | CCL | Carnival Corporation Ltd. | Consumer Cyclical | $24.04B | $38.95B |
| 83 | DELL | Dell Technologies Inc. | Technology | $23.61B | $253.70B |
| 84 | UPS | United Parcel Service, Inc. | Industrials | $23.59B | $92.35B |
| 85 | LNG | Cheniere Energy, Inc. | Energy | $22.51B | $50.32B |
| 86 | COP | ConocoPhillips | Energy | $22.42B | $140.54B |
| 87 | WM | Waste Management, Inc. | Industrials | $22.20B | $87.86B |
| 88 | GILD | Gilead Sciences, Inc. | Healthcare | $22.13B | $156.28B |
| 89 | PEG | Public Service Enterprise Group Incorporated | Utilities | $21.67B | $39.26B |
| 90 | GPN | Global Payments Inc. | Industrials | $21.55B | $17.90B |
| 91 | CSCO | Cisco Systems, Inc. | Technology | $21.36B | $480.18B |
| 92 | LIN | Linde plc | Basic Materials | $20.68B | $238.31B |
| 93 | OXY | Occidental Petroleum Corporation | Energy | $20.62B | $55.17B |
| 94 | BHC | Bausch Health Companies Inc. | Healthcare | $20.59B | $1.93B |
| 95 | CNP | CenterPoint Energy, Inc. | Utilities | $20.57B | $27.83B |
| 96 | LMT | Lockheed Martin Corporation | Industrials | $20.53B | $126.51B |
| 97 | GE | GE Aerospace | Industrials | $20.47B | $347.18B |
| 98 | FDX | FedEx Corporation | Industrials | $19.90B | $80.65B |
| 99 | AL | Air Lease Corp | Industrials | $19.73B | $7.28B |
| 100 | KHC | The Kraft Heinz Company | Consumer Defensive | $19.31B | $28.72B |
No companies match this search.
How this ranking is built
Companies are ranked by long-term debt as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.