100 Most Valuable Public US Companies by Market Cap and HQ Metro; Dec 17, 2019

[dimondpark]

This fluctuates but is still interesting for geeks like me

100 Most Valuable Public US Companies by Market Capitalization
Dec 17, 2019
Market Cap Stock Symbol-Company(HQ Metro Area)
(millions of dollars)
$1,243,942 AAPL-Apple(San Jose)
$1,186,508 MSFT-Microsoft(Seattle)
$938,779 GOOG-Alphabet(San Jose)
$877,168 AMZN- Amazon(Seattle)
$564,417 FB-Facebook(San Francisco)
$554,618 BRK.B-Berkshire Hathaway(Omaha)
$430,764 JPM-JPMorgan Chase(New York)
$373,173 JNJ-Johnson & Johnson(New York)
$366,766 V-Visa(San Francisco)
$341,993 WMT-Wal Mart(Fayetteville)

$313,123 PG-Proctor & Gamble(Cincinnati)
$312,130 BAC-Bank of America(Charlotte)
$299,591 MA-Mastercard(New York)
$296,177 XOM-Exxon Mobil(Dallas)
$281,899 T-AT&T(Dallas)
$276,673 UNH-UnitedHealth Group(Minneapolis)
$267,584 DIS-Walt Disney(Los Angeles)
$253,234 VZ-Verizon(New York)
$250,955 INTC-Intel(San Jose)
$235,106 HD-Home Depot(Atlanta)

$233,162 KO-Coca-Cola(Atlanta)
$229,315 WFC-Wells Fargo(San Francisco)
$227,230 MRK-Merck(New York)
$225,694 CVX-Chevron(San Francisco)
$216,605 PFE-Pfizer(New York)
$198,028 CMCSA-Comcast(Philadelphia)
$195,059 CSCO-Cisco Systems(San Jose)
$191,121 PEP-PepsiCo(New York)
$184,033 BA-Boeing(Chicago)
$177,223-ORCL-Oracle(San Francisco)

$167,909 B-Citigroup(New York)
$156,744 ADBE-Adobe Systems(San Jose)
$154,247 NKE-Nike(Portland)
$153,526 MDT-Medtronics(Minneapolis)
$152,794 ABT-Abbot Laboratories(Chicago)
$149,022 MCD-McDonalds(Chicago)
$144,505 AMGN-Amgen(Los Angeles)
$143,658 CRM-Salesforce(San Francisco)
$137,791 NVDA-Nvidia(San Jose)
$134,194 PM-Philip Morris(New York)

$133,193 NFLX-Netflix(San Jose)
$132,250 ABBV-Abbvie(Chicago)
$129,663 COST-Costco(Seattle)
$129,024 UTX-United Technologies(Hartford)
$128,902 TMO-Thermo Fisher Scientific(Boston)
$128,656 PYPL-Paypal(San Jose)
$128,176 AVGO-Broadcom(San Jose)
$126,043 HON-Honeywell(Charlotte)
$125,018 UNP-Union Pacific(Omaha)
$118,790 IBM-IBM(New York)

$118,781 TXN-Texas Instruments(Dallas)
$117,952 LLY-Eli Lilly(Indianapolis)
$117,047 NEE-NextEra Energy(Miami)
$108,965 LMT-Lockheed Martin(Washington)
$108,776 DHR-Danaher(Washington)
$104,849 SBUX-Starbucks(Seattle)
$103,459 BMY-Bristol Myers Squibb(New York)
$102,183 UPS-United Parcel Service(Atlanta)
$101,203 AXP-American Express(New York)
$100,995 CHTR-Charter Communications(Bridgeport)

$100,973 QCOM-Qualcomm(San Diego)
$97,553 GE-General Electric(Boston)
$96,751 CVS-CVS(Boston)
$97,718 MMM-3M(Minneapolis)
$95,497 AMT-American Tower(Boston)
$94,742 USB-USBancorp(Minneapolis)
$94,527 MO-Altria(Richmond)
$92,038 LOW-Lowe's(Charlotte)
$84,206 FIS-Fidelity Information Services(Jacksonville)
$83,651 GILD-Gilead Sciences(San Francisco)

$83,583 BKNG-Booking Holdings(Bridgeport)
$82,095 MS-Morgan Stanley(New York)
$80,746 GS-Goldman Sachs(New York)
$80,334 CAT-Caterpillar(Chicago)
$79,124 FISV-Fiserv(Milwaukee)
$77,332 MDLZ-Mondelez(Chicago)
$76,410 SYK-Stryker(Kalamazoo)
$73,983 ANTM-Athem(Indianapolis)
$73,412 EL-Estee Lauder(New York)
$72,991 BOX-Becton Dickinson(New York)

$72,948 ADP-ADP(New York)
$72,917 TJX-TJX(Boston)
$72,866 CI-Cigna(Hartford)
$72,812 CME-CME Group(Chicago)
$71,401 PNC-PNC Bank(Pittsburgh)
$70,486 CB-Chubb(New York)
$68,930 COP-ConocoPhillips(Houston)
$68,763 TSLA-Tesla(San Jose)
$68,589 INTU-Intuit(San Jose)
$68,193 ISRG-Intuitive Surgical(San Jose)

$67,197 D-Dominion Resources(Richmond)
$66,625 SPGI S&P Global(New York)
$65,970 DUK-Duke Energy(Charlotte)
$65,304 SO-Southern Energy(Atlanta)
$64,570 TMUS-T-Mobile US(Seattle)
$63,829 TGT-Target(Minneapolis)
$63,755 SCHW-Charles Schwab(Dallas)
$63,000 BSX-Boston Scientific(Boston)
$62,412 AGN-Allergan(Los Angeles)
$61,052 VMW-VMWare(San Jose)

$60,649 RTN-Raytheon(Boston)
$60,232 ZTS-Zoetis(New York)
$59,024 CL-Colgate Palmolive(New York)
$58,668 MU-Micron Technology(Boise)[/QUOTE]

Edit: I added 3M, PNC and VMWare to the top 100 and subtracted Zoetis, Colgate Palmolive and Micron.

[JManc]

Apple and Microsoft shares are on a roll and Google is finally starting to bounce back to life.

[Ronin]

So Facebook is listed under “San Francisco,”
yet Google five miles south is “San Jose.” 🤔

[Yuri]

The same list mere 30 years ago would place GM and Ford in 1st and 2nd. Crazy how things change.

[chris08876]

Amazon needs new leadership. Its an absolute horrible company to work for. Don't let the shiny salaries fool people for the tech jobs. The warehouse locations are modern day slave camps.

Not making this up either, with the slave camps.

[dc_denizen]

The list is dominated by tech (fictitious future profits) and Pharma (monopoly capitalism at work)

[dimondpark]

Originally Posted by dc_denizen

The list is dominated by tech (fictitious future profits) and Pharma (monopoly capitalism at work)

No company regardless of the sector it belongs to, is guaranteed a future profit.

And the tech companies at the top are more like conglomerates at this point, with activity in several industries-not just 'tech'.

[dc_denizen]

“Industries”

[JManc]

Originally Posted by dc_denizen

The list is dominated by tech (fictitious future profits) and Pharma (monopoly capitalism at work)

No different than any other era before where the auto industry and oil and gas dominated. Only now 'big tech' is more diversified and will probably weather the future better than their predecessors.

[suburbanite]

Originally Posted by JManc

No different than any other era before where the auto industry and oil and gas dominated. Only now 'big tech' is more diversified and will probably weather the future better than their predecessors.

If you're just talking market cap, O&G and auto companies can be valued on tangible things like actual cash flow and substantial fixed assets. Obviously there's speculation around future growth priced in, but nowhere near the extent of a tech company worth billions based solely on a user base that it hasn't figured out how to monetize yet. Average P/E ratios in the 80's were like a third of what they are today.

[iheartthed]

Originally Posted by yuriandrade

The same list mere 30 years ago would place GM and Ford in 1st and 2nd. Crazy how things change.

This was probably true 20 years ago.

[dc_denizen]

^ and lets remember what Lucent, Juniper networks, sycamore networks, cisco, nokia, etc were worth 15 years ago. that future profitability can be gone in a flash.

imagine this company - top in the world at making reactor containerment vessel heads and other forged components, with unique intellectual property and capabilities that likely cannot ever be duplicated , the product of continuous hard work, prudent management, and innovation of 50 years. profits will come and go but this company's impact on the world is gigantic and will likely continue to be.

https://www.jsw.co.jp/en/

compare this to facebook (a website, some code, some user data) or amazon (warehouses, a website), or google (an algorithm, some data, a website)

or to the pharma sector (usurious drug prices, patent trolling to make exorbitant profits on drugs invented 50 years ago), etc

[iheartthed]

Originally Posted by dc_denizen

^ and lets remember what Lucent, Juniper networks, sycamore networks, cisco, nokia, etc were worth 15 years ago. that future profitability can be gone in a flash.

imagine this company - top in the world at making reactor containerment vessel heads and other forged components, with unique intellectual property and capabilities that likely cannot ever be duplicated , the product of continuous hard work, prudent management, and innovation of 50 years. profits will come and go but this company's impact on the world is gigantic and will likely continue to be.

https://www.jsw.co.jp/en/

compare this to facebook (a website, some code, some user data) or amazon (warehouses, a website), or google (an algorithm, some data, a website)

or to the pharma sector (usurious drug prices, patent trolling to make exorbitant profits on drugs invented 50 years ago), etc

Yeah, twenty years ago the most valuable tech companies were probably Microsoft, Yahoo!, and AOL. This list might look much different by 2029, and will certainly look very different by 2039.

Healthcare/pharma and oil & gas are set to enter some very challenging terrain this decade. It will be interesting to see where they both land. Retail is already feeling turbulence. Amazon and Walmart are at war, and Amazon appears to be winning it.

[Crawford]

Originally Posted by iheartthed

This was probably true 20 years ago.

GM and Ford, in the context of the discussion, still likely belong near the top of the list. Unlike most of these firms, they have enormous staffing, supplier base and economic impact in their HQ location.

Some of these HQ consist of a few hundred executives. Some have more economic impact outside their HQ metro.

[afiggatt]

Originally Posted by iheartthed

This was probably true 20 years ago.

Originally Posted by yuriandrade

The same list mere 30 years ago would place GM and Ford in 1st and 2nd. Crazy how things change.

No, the US auto companies peaked in terms of largest market caps longer ago than that.

In 1989, the largest market cap companies (presumably those at the end of the calendar year) were: Exxon ($62.5B), GE, IBM, AT&T, Royal Dutch Petrolium (Shell).

Going back to 1980, the top ten market caps was dominated by the oil companies after 1. IBM ($39.6B), 2. AT&T, then Exxon, Standard Oil of Indiana, Schlumberger, Shell, Mobil, Standard Oil of California, Atlantic-Richfield.

In 1999, which was close to the peak of the dot.com boom, the largest market cap companies were: Microsoft ($600B), GE, Cisco, Walmart, Exxon-Mobil, Intel, Lucent, IBM, Citigroup, AOL. In the dot.com bust that followed, Microsoft stayed in the top 3 to 4 market cap companies, but lost well over half it market cap value. Did better than AOL though. And GE has fallen out of the top 60 market caps looking at the Dec 2019 list.

[iheartthed]

Originally Posted by Crawford

GM and Ford, in the context of the discussion, still likely belong near the top of the list. Unlike most of these firms, they have enormous staffing, supplier base and economic impact in their HQ location.

Some of these HQ consist of a few hundred executives. Some have more economic impact outside their HQ metro.

Yes, if this was a list of revenue then both would be here.

[iheartthed]

Originally Posted by afiggatt

No, the US auto companies peaked in terms of largest market caps longer ago than that.

In 1989, the largest market cap companies (presumably those at the end of the calendar year) were: Exxon ($62.5B), GE, IBM, AT&T, Royal Dutch Petrolium (Shell).

Going back to 1980, the top ten market caps was dominated by the oil companies after 1. IBM ($39.6B), 2. AT&T, then Exxon, Standard Oil of Indiana, Schlumberger, Shell, Mobil, Standard Oil of California, Atlantic-Richfield.

In 1999, which was close to the peak of the dot.com boom, the largest market cap companies were: Microsoft ($600B), GE, Cisco, Walmart, Exxon-Mobil, Intel, Lucent, IBM, Citigroup, AOL. In the dot.com bust that followed, Microsoft stayed in the top 3 to 4 market cap companies, but lost well over half it market cap value. Did better than AOL though. And GE has fallen out of the top 60 market caps looking at the Dec 2019 list.

I think the point is that GM and Ford aren't in the top 100 at all, whereas they would've been prominently positioned (maybe?) 20 years ago. I haven't looked at any lists to verify where it was market cap-wise in the 1990s, but GM was the largest automaker in the world into the early 2000s. It seems unlikely that it would not have been in the top 10 or 20 in that era.

[afiggatt]

Originally Posted by suburbanite

If you're just talking market cap, O&G and auto companies can be valued on tangible things like actual cash flow and substantial fixed assets. Obviously there's speculation around future growth priced in, but nowhere near the extent of a tech company worth billions based solely on a user base that it hasn't figured out how to monetize yet. Average P/E ratios in the 80's were like a third of what they are today.

The largest market cap tech companies have indeed figured how to monetize their user base and the marketplace. They are making piles of money with huge profit margins. According to a quick look at the official stock market financial numbers: Microsoft has a net income of $40 billion (after taxes), Apple $55 billion, Google $30 billion, Facebook $22 billion. With regards to the auto companies, Apple's net income roughly equals GM total market cap!

The current stock prices of course, are based on expectations of continued growth in the revenue and income numbers. When that growth ends or really slows down due to competition, maxing out the market, or changes with newer technologies, the stock prices of the FAANG companies are likely to tumble (and stay down).

Website with the top 10 US company market caps by year from 1980 to 2013 for those interested in seeing how the lists & companies have changed: https://etfdb.com/history-of-the-s-and-p-500/.

[wong21fr]

Originally Posted by dc_denizen

imagine this company - top in the world at making reactor containerment vessel heads and other forged components, with unique intellectual property and capabilities that likely cannot ever be duplicated , the product of continuous hard work, prudent management, and innovation of 50 years. profits will come and go but this company's impact on the world is gigantic and will likely continue to be.

https://www.jsw.co.jp/en/

Compare that company to Westinghouse, Tobshiba, CB&I, or Stone & Webster. Companies that consist of intellectual halfwits, gorging on government contracts, and a combined lack of business ethics that has seen each one driven into bankruptcy (Toshiba pending) and the dustbin of history.

compare this to facebook (a website, some code, some user data) or amazon (warehouses, a website), or google (an algorithm, some data, a website)

I'd argue that Amazon is quite a bit more than a warehouse and a website. It's arguably the most successful logistics company of the last 30 years given it's rapid, sustained, and reliable growth.

Or I'm just jaded at FedEx's performance this holiday season.

[The North One]

Originally Posted by chris08876

Amazon needs new leadership. Its an absolute horrible company to work for. Don't let the shiny salaries fool people for the tech jobs. The warehouse locations are modern day slave camps.

Not making this up either, with the slave camps.

They're horrible at what they do on top of it. I've gotten so much free expensive random shit from Amazon because they can't even distribute properly. How is that not a huge problem?