Largest Companies by Market Cap - January 2025
How these values were calculated
- Reconstructed, not recorded
- The share counts in force at the close of January 2025 were not recorded at the time. Each value marked est. is that month's closing price multiplied by the share count on record today, so a buyback or an issuance since then moves it. The closing prices are exact; the share counts are today's.
- What that changes
- Ranks near each other can swap, and a company whose share count changed sharply since January 2025 carries the largest error. Months recorded while their inputs were current carry no marker.
Swipe or scroll the table sideways for more columns.
Arm Holdings plc American (ARM) rose from rank 90 to rank 62, a gain of 28 ranks. Other climbers included Boston Scientific Corp. (BSX), GE Aerospace (GE), PDD Holdings Inc. American (PDD), Thermo Fisher Scientific, Inc. (TMO) and The Charles Schwab Corporation (SCHW).
Comcast Corp (CMCSA) fell from rank 86 to rank 109, a decline of 23 ranks. Boeing Company (BA) and Booking Holdings Inc. (BKNG) were also among the fallers. SERVICENOW, INC. (NOW), PepsiCo, Inc. (PEP), Advanced Micro Devices (AMD), Intuit Inc (INTU) and Progressive Corporation (PGR) each fell 9 ranks.
Within the top 10, Microsoft Corp (MSFT) overtook Nvidia Corp (NVDA); Meta Platforms, Inc. (META) overtook Tesla, Inc. (TSLA); Taiwan Semiconductor Manufacturing Company Ltd. (TSM) overtook Broadcom Inc. (AVGO); and Walmart Inc. (WMT) overtook Eli Lilly & Co. (LLY).
New debuts included Block, Inc. (XYZ), Venture Global, Inc. (VG), BeOne Medicines Ltd. American (ONC) and Smithfield Foods, Inc. (SFD). XYZ debuted at rank 250, VG at rank 262, ONC at rank 465 and SFD at rank 861.
Departures included Barrick Mining Corporation (B), Block, Inc. (SQ) and BeiGene, Ltd. American (BGNE). B left after ranking at rank 161, SQ after rank 246 and BGNE after rank 540. Both closed snapshots were reconstructed.
Compares this month's close with the previous month's close. A company that shifted only because another entered or left the ranking above it is not counted as having moved.
About this ranking
This page ranks 946 US-listed companies by the market capitalization each one carried at the close of January 2025. The values do not change, because January 2025 is over; this is what the ranking looked like then, and it will look the same the next time you visit.
Market capitalization is the share price multiplied by the number of shares outstanding. Each figure on this page uses that month's closing share price, so the ranking reflects the market as it stood at the close of January 2025 rather than today. Rank Change compares each company's position with its position at the end of the previous month. A company whose position shifted only because another company entered or left the ranking above it shows no change, because it did not move.
This month was reconstructed: the closing prices are the ones recorded for January 2025, but the share counts are today's, so every value marked est. carries the share-count drift since then.
For the ranking at today's prices, see the live market cap ranking.