Top 100 Stocks by Net Income
Top companies ranked by net income, latest annual filings.
What Net Income Means for US-listed Companies
Net income is the bottom line of the income statement, what remains after every operating cost, interest charge, tax, and one-time item has been subtracted from revenue. It is the accountant's final answer to profitability, and because it rolls up decisions about depreciation schedules, impairments, and restructuring charges, it can move for reasons that have little to do with the underlying cash engine of the business.
Why Net Income Matters Less Than It Seems
Net income anchors earnings per share, the P/E ratio, and most dividend coverage calculations, which gives it outsized weight in headline coverage. A firm that grows profit consistently across cycles tends to have real pricing power and disciplined cost control. Even so, GAAP profit includes non-cash charges and one-time items that diverge from operating reality, which is why the figure is best read alongside cash flow rather than treated as the final word.
What to Read Alongside
Pair net income with Free Cash Flow to test whether reported profit translates into cash, Gross Margin for the pricing power behind the profit, and Return on Equity for how efficiently equity produced it.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | Technology | $133.75B | $3.94T |
| 2 | GOOG | Alphabet Inc. | Communication Services | $132.17B | $3.45T |
| 3 | NVDA | NVIDIA Corporation | Technology | $120.07B | $5.20T |
| 4 | AAPL | Apple Inc. | Technology | $112.01B | $5.09T |
| 5 | MU | Micron Technology, Inc. | Technology | $84.97B | $1.11T |
| 6 | AMZN | Amazon.com, Inc. | Consumer Cyclical | $77.67B | $2.63T |
| 7 | BRK | Berkshire Hathaway Inc. | Financial Services | $66.97B | $1.17T |
| 8 | META | Meta Platforms, Inc. | Communication Services | $60.46B | $1.63T |
| 9 | JPM | JPMorgan Chase & Co. | Financial Services | $57.05B | $912.41B |
| 10 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | $54.04B | $2.28T |
| 11 | TM | Toyota Motor Corporation | Consumer Cyclical | $31.79B | $229.50B |
| 12 | BAC | Bank of America Corporation | Financial Services | $30.51B | $354.03B |
| 13 | XOM | ExxonMobil Holdings Corporation | Energy | $28.84B | $748.45B |
| 14 | JNJ | Johnson & Johnson | Healthcare | $26.80B | $662.49B |
| 15 | HSBC | HSBC Holdings plc | Financial Services | $23.13B | $296.17B |
| 16 | AVGO | Broadcom Inc. | Technology | $23.13B | $1.65T |
| 17 | T | AT&T Inc. | Communication Services | $21.95B | $139.45B |
| 18 | WMT | Walmart Inc. | Consumer Defensive | $21.89B | $942.29B |
| 19 | WFC | Wells Fargo & Company | Financial Services | $21.34B | $251.16B |
| 20 | LLY | Eli Lilly and Company | Healthcare | $20.64B | $1.22T |
| 21 | V | Visa Inc. | Financial Services | $20.06B | $748.72B |
| 22 | CMCSA | Comcast Corporation | Communication Services | $20.00B | $79.08B |
| 23 | PBR | Petróleo Brasileiro S.A. - Petrobras | Energy | $19.72B | $141.97B |
| 24 | MRK | Merck & Co., Inc. | Healthcare | $18.25B | $347.70B |
| 25 | SHEL | Shell plc | Energy | $17.84B | $298.72B |
| 26 | GS | The Goldman Sachs Group, Inc. | Financial Services | $17.18B | $270.13B |
| 27 | VZ | Verizon Communications Inc. | Communication Services | $17.17B | $178.98B |
| 28 | ORCL | Oracle Corporation | Technology | $17.09B | $438.17B |
| 29 | MS | Morgan Stanley | Financial Services | $16.86B | $297.55B |
| 30 | SAN | Banco Santander, S.A. | Financial Services | $16.55B | $168.64B |
| 31 | NVO | Novo Nordisk A/S | Healthcare | $16.10B | $168.89B |
| 32 | PG | The Procter & Gamble Company | Consumer Defensive | $16.05B | $366.81B |
| 33 | BABA | Alibaba Group Holding Limited | Consumer Cyclical | $15.02B | $247.56B |
| 34 | MA | Mastercard Incorporated | Financial Services | $14.95B | $556.88B |
| 35 | TD | The Toronto-Dominion Bank | Financial Services | $14.66B | $206.51B |
| 36 | RY | Royal Bank of Canada | Financial Services | $14.53B | $283.49B |
| 37 | C | Citigroup Inc. | Financial Services | $14.31B | $208.12B |
| 38 | HD | The Home Depot, Inc. | Consumer Cyclical | $14.16B | $328.22B |
| 39 | PDD | PDD Holdings Inc. | Consumer Cyclical | $13.99B | $110.26B |
| 40 | NVS | Novartis AG | Healthcare | $13.98B | $294.78B |
| 41 | CSCO | Cisco Systems, Inc. | Technology | $13.27B | $428.13B |
| 42 | TTE | TotalEnergies SE | Energy | $13.13B | $204.55B |
| 43 | KO | The Coca-Cola Company | Consumer Defensive | $13.11B | $399.30B |
| 44 | DIS | The Walt Disney Company | Communication Services | $12.40B | $191.51B |
| 45 | BBVA | Banco Bilbao Vizcaya Argentaria, S.A. | Financial Services | $12.34B | $134.47B |
| 46 | CVX | Chevron Corporation | Energy | $12.30B | $454.03B |
| 47 | UNH | UnitedHealth Group Incorporated | Healthcare | $12.06B | $365.41B |
| 48 | SNDK | Sandisk Corporation | Technology | $11.43B | $203.03B |
| 49 | PM | Philip Morris International Inc. | Consumer Defensive | $11.35B | $315.84B |
| 50 | PGR | The Progressive Corporation | Financial Services | $11.31B | $130.77B |
| 51 | ASML | ASML Holding N.V. | Technology | $11.28B | $645.84B |
| 52 | UL | Unilever PLC | Consumer Defensive | $11.11B | $137.70B |
| 53 | TMUS | T-Mobile US, Inc. | Communication Services | $10.99B | $157.39B |
| 54 | NFLX | Netflix, Inc. | Communication Services | $10.98B | $258.12B |
| 55 | MUFG | Mitsubishi UFJ Financial Group, Inc. | Financial Services | $10.87B | $241.55B |
| 56 | AXP | American Express Company | Financial Services | $10.83B | $217.06B |
| 57 | IBM | International Business Machines Corporation | Technology | $10.59B | $244.11B |
| 58 | BTI | British American Tobacco p.l.c. | Consumer Defensive | $10.44B | $131.25B |
| 59 | CB | Chubb Limited | Financial Services | $10.31B | $138.42B |
| 60 | ALL | The Allstate Corporation | Financial Services | $10.28B | $64.71B |
| 61 | AZN | AstraZeneca PLC | Healthcare | $10.22B | $270.48B |
| 62 | UBER | Uber Technologies, Inc. | Technology | $10.05B | $133.32B |
| 63 | RIO | Rio Tinto Group | Basic Materials | $9.97B | $139.76B |
| 64 | BHP | BHP Group Limited | Basic Materials | $9.83B | $207.94B |
| 65 | ING | ING Groep N.V. | Financial Services | $9.77B | $91.59B |
| 66 | BCS | Barclays PLC | Financial Services | $9.64B | $76.87B |
| 67 | WDC | Western Digital Corporation | Technology | $9.42B | $148.39B |
| 68 | COST | Costco Wholesale Corporation | Consumer Defensive | $9.23B | $441.39B |
| 69 | SNY | Sanofi | Healthcare | $9.17B | $101.21B |
| 70 | CAT | Caterpillar Inc. | Industrials | $8.88B | $297.59B |
| 71 | SCHW | The Charles Schwab Corporation | Financial Services | $8.85B | $153.50B |
| 72 | GE | GE Aerospace | Industrials | $8.70B | $324.81B |
| 73 | MCD | McDonald's Corporation | Consumer Cyclical | $8.56B | $182.13B |
| 74 | GILD | Gilead Sciences, Inc. | Healthcare | $8.51B | $205.35B |
| 75 | PSLV | Sprott Physical Silver Trust | Financial Services | $8.48B | $11.02B |
| 76 | SAP | SAP SE | Technology | $8.40B | $273.47B |
| 77 | ACN | Accenture plc | Technology | $8.37B | $151.28B |
| 78 | PEP | PepsiCo, Inc. | Consumer Defensive | $8.24B | $180.74B |
| 79 | COP | ConocoPhillips | Energy | $7.99B | $180.24B |
| 80 | CNQ | Canadian Natural Resources Limited | Energy | $7.89B | $113.57B |
| 81 | HDB | HDFC Bank Limited | Financial Services | $7.88B | $112.11B |
| 82 | NWG | NatWest Group plc | Financial Services | $7.84B | $68.13B |
| 83 | UBS | UBS Group AG | Financial Services | $7.80B | $141.48B |
| 84 | PFE | Pfizer Inc. | Healthcare | $7.77B | $167.86B |
| 85 | AMGN | Amgen Inc. | Healthcare | $7.71B | $249.09B |
| 86 | GSK | GSK plc | Healthcare | $7.69B | $97.53B |
| 87 | SONY | Sony Group Corporation | Technology | $7.62B | $147.28B |
| 88 | USB | U.S. Bancorp | Financial Services | $7.57B | $92.86B |
| 89 | CRM | Salesforce, Inc. | Technology | $7.46B | $190.03B |
| 90 | MFG | Mizuho Financial Group, Inc. | Financial Services | $7.28B | $120.60B |
| 91 | LRCX | Lam Research Corporation | Technology | $7.27B | $318.35B |
| 92 | UNP | Union Pacific Corporation | Industrials | $7.14B | $176.92B |
| 93 | ADBE | Adobe Inc. | Technology | $7.13B | $96.57B |
| 94 | NEM | Newmont Corporation | Basic Materials | $7.08B | $118.38B |
| 95 | BMY | Bristol-Myers Squibb Company | Healthcare | $7.05B | $125.40B |
| 96 | AMAT | Applied Materials, Inc. | Technology | $7.00B | $334.63B |
| 97 | MO | Altria Group, Inc. | Consumer Defensive | $6.95B | $121.87B |
| 98 | PNC | The PNC Financial Services Group, Inc. | Financial Services | $6.94B | $91.06B |
| 99 | LIN | Linde plc | Basic Materials | $6.90B | $231.94B |
| 100 | BUD | Anheuser-Busch InBev SA/NV | Consumer Defensive | $6.84B | $156.59B |
No companies match this search.
How this ranking is built
Companies are ranked by net income 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.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- 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.
Frequently asked questions
Why does net income sometimes diverge from a company's cash flow?
Net income includes non-cash charges such as depreciation, amortization, and stock-based compensation, along with one-time items like restructuring provisions or impairments. Cash flow strips these out and captures what actually moved in and out of the bank account. A firm with heavy non-cash charges can show modest profit while generating strong cash, and a firm booking large one-time gains can show robust profit without the cash to match, which is why analysts read the two statements together rather than relying on either alone.
Is a high net income always a sign of a strong business?
Not on its own. A single year of elevated profit can reflect a cyclical peak, a large tax benefit, a divested business booked as a gain, or aggressive accounting choices that flatter the period. Durable quality shows up as profit that compounds across multiple years with stable or expanding margins, backed by cash conversion that roughly tracks reported earnings. Net income is a starting point; the story behind it requires context from cash flow, balance sheet, and multi-year trends.
How do tax effects and one-time items distort net income?
Tax rates vary by jurisdiction, capital structure, and use of deferred assets, so two firms with identical operating profit can report very different net income simply because of their tax profile. One-time items such as asset sales, legal settlements, or impairments can add or subtract large amounts in a single quarter without signaling any change in the underlying business. Many investors look at operating income or adjusted earnings to strip these distortions before comparing across firms.