Largest Companies by Market Cap - July 2025
How these values were calculated
- Reconstructed, not recorded
- The share counts in force at the close of July 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 July 2025 carries the largest error. Months recorded while their inputs were current carry no marker.
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The closed-month comparison from
On the upside, GE Vernova Inc. (GEV) led the climbers, rising 27 ranks to rank 64 from rank 91. Arista Networks (ANET) rose 25 ranks to rank 79 from rank 104, and Thermo Fisher Scientific, Inc. (TMO) rose 17 ranks to rank 66 from rank 83. Citigroup Inc. (C) climbed 13 ranks to rank 76 from rank 89. Caterpillar Inc. (CAT) climbed 12 ranks to rank 54 from rank 66. PDD Holdings Inc. American (PDD) climbed 12 ranks to rank 73 from rank 85.
Figma, Inc. (FIG) made its debut in the ranking at rank 240. Hess Corporation (HES), Ansys Inc (ANSS) and Juniper Networks Inc (JNPR) all left the ranking. HES was previously at rank 319. ANSS was previously at rank 405. JNPR was previously at rank 712.
Inside the top 10, Taiwan Semiconductor Manufacturing Company Ltd. (TSM) overtook Tesla, Inc. (TSLA). TSM finished at No. 8. TSLA finished at No. 9. JPMorgan Chase & Co. (JPM) overtook Walmart Inc. (WMT). JPM finished at No. 10. WMT finished at No. 11.
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 945 US-listed companies by the market capitalization each one carried at the close of July 2025. The values do not change, because July 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 July 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 July 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.