Most Profitable by Net Income

Q: What is net income?

Net income is a company's total profit after subtracting all expenses from revenue, including cost of goods sold, operating expenses, interest, taxes, and depreciation. It appears at the bottom of the income statement, which is why it is called the "bottom line." Net income is the starting point for calculating earnings per share (EPS), the P/E ratio, and return on equity. Positive net income means the company is profitable; negative net income means it is losing money.

Q: What is the difference between net income and EBITDA?

Net income includes all deductions: operating costs, interest, taxes, depreciation, and amortization. EBITDA adds back interest, taxes, depreciation, and amortization, showing earnings from core operations before financing and accounting decisions. EBITDA is useful for comparing companies with different debt levels and tax situations. Net income is the more conservative and complete measure of actual profitability.

Q: What is earnings per share (EPS)?

EPS divides net income by the number of outstanding shares, showing the profit attributable to each share. If a company earns $10 billion with 2 billion shares, EPS is $5.00. EPS is the foundation of the P/E ratio and is the most watched metric during earnings season. Diluted EPS accounts for stock options and convertible securities that could increase the share count. Growing EPS drives stock price appreciation over time.

Q: What is return on equity?

Return on equity (ROE) divides net income by shareholder equity, showing how efficiently a company uses invested capital to generate profit. An ROE of 20% means the company earns $0.20 for every $1.00 of equity. Companies with high net income and high ROE are particularly attractive because they are creating substantial value per dollar invested. However, high ROE can be inflated by excessive debt — check the D/E ratio alongside ROE.

Companies making the most money after all expenses, taxes, and interest. The bottom line that matters to shareholders.

200 stocks Updated Mar 26, 2026

$462.01T Total Market Cap

27.9 Avg P/E Ratio

$224.11 Avg Share Price

+0.00% Avg Daily Change

Net income — the bottom line — is the ultimate measure of a company's profitability. It represents the total profit remaining after subtracting all costs, expenses, interest, and taxes from revenue. Companies with the highest net income are generating the most actual profit for their shareholders.

The top net income producers tend to be mega-cap companies with either high margins (technology, pharmaceuticals) or massive scale (energy, banking). Apple consistently leads U.S. companies in net income, generating close to $100 billion annually. Financial institutions and energy companies also rank highly due to the sheer volume of their operations.

This list ranks companies by absolute net income in dollars, along with revenue, profit margin, and P/E ratio. High net income with a low P/E suggests the market is undervaluing the company's earnings power. Financial data is from the most recent annual reports, updated weekly.

#	Symbol	Name	Price	Net Income	Revenue	Margin	P/E	Market Cap
1	MUFG	Mitsubishi UFJ Financial Group	$17.07	290.13T	1,112.80T	15.95%	15.6	30.03T
2	MUFG	Mitsubishi UFJ Financial Group	$17.07	234.56T	999.64T	15.15%	15.6	30.03T
3	SONY	Sony Group Corporation	$20.66	186.34T	2,114.90T	8.81%	—	19.99T
4	SONY	Sony Group Corporation	$20.66	153.42T	1,934.77T	8.37%	—	19.99T
5	BRK.B	Berkshire Hathaway Inc	$476.19	133.71T	558.06T	23.96%	15.9	1.07T
6	BRK.B	Berkshire Hathaway Inc	$476.19	109.02T	505.58T	22.76%	15.9	1.07T
7	TM	Toyota Motor Corporation	$205.02	73.06T	736.54T	9.92%	11.7	43.34T
8	TM	Toyota Motor Corporation	$205.02	57.06T	639.08T	9.42%	11.7	43.34T
9	TSM	Taiwan Semiconductor Manufacturing	$329.24	9.38T	20.80T	45.10%	27.9	47.98T
10	TSM	Taiwan Semiconductor Manufacturing	$329.24	7.10T	17.49T	42.85%	27.9	47.98T
11	TCEHY	Tencent Holdings	$65.09	1.74T	5.82T	29.91%	18.7	4.64T
12	TCEHY	Tencent Holdings	$65.09	1.42T	5.26T	28.41%	18.7	4.64T
13	ASX	ASE Technology Holding Co	$21.52	647.38B	10.28T	6.30%	37.3	1.52T
14	NVO	Novo Nordisk A/S	$38.58	631.10B	1.90T	33.14%	10.3	1.06T
15	ASX	ASE Technology Holding Co	$21.52	590.20B	10.41T	5.99%	37.3	1.52T
16	NVO	Novo Nordisk A/S	$38.58	471.64B	1.58T	31.48%	10.3	1.06T
17	GOOGL	Alphabet Inc	$290.93	385.30B	2.21T	17.40%	27.5	3.63T
18	GOOGL	Alphabet Inc	$290.93	316.80B	1.73T	18.26%	27.5	3.63T
19	AVGO	Broadcom Inc.	$318.81	237.51B	1.00T	23.71%	68.5	1.58T
20	AVGO	Broadcom Inc.	$318.81	205.42B	903.80B	22.73%	68.5	1.58T
21	BRK.B	Berkshire Hathaway Inc	$476.19	194.38B	536.23B	36.25%	15.9	1.07T
22	NVDA	NVIDIA Corp	$178.68	190.77B	864.89B	22.06%	35.6	4.27T
23	NVDA	NVIDIA Corp	$178.68	163.40B	864.73B	18.90%	35.6	4.27T
24	IDCBY	Industrial & Commercial Bank of China	$16.54	155.69B	405.64B	37.88%	6.9	2.53T
25	GOOG	Alphabet Inc-Cl C	$289.59	143.12B	861.82B	16.61%	27.5	3.63T
26	GOOG	Alphabet Inc-Cl C	$289.59	139.13B	899.87B	15.46%	27.5	3.63T
27	JPM	JPMorgan Chase & Co	$295.42	137.90B	401.55B	34.34%	14.6	830.82B
28	IDCBY	Industrial & Commercial Bank of China	$16.54	131.72B	381.31B	35.99%	6.9	2.53T
29	GOOG	Alphabet Inc-Cl C	$289.59	131.43B	400.58B	32.81%	27.5	3.63T
30	GOOGL	Alphabet Inc	$290.93	130.46B	397.64B	32.81%	27.5	3.63T
31	BRK.B	Berkshire Hathaway Inc	$476.19	121.99B	436.42B	27.95%	15.9	1.07T
32	NVDA	NVIDIA Corp	$178.68	121.18B	217.95B	55.60%	35.6	4.27T
33	META	Meta Platforms Inc	$594.89	113.34B	571.40B	19.84%	27.5	1.66T
34	ACGBY	Agricultural Bank of China	$16.80	110.54B	292.80B	34.62%	8.1	2.32T
35	AAPL	Apple Inc	$252.62	109.59B	407.19B	26.92%	30.9	3.64T
36	GOOG	Alphabet Inc-Cl C	$289.59	105.13B	356.04B	31.17%	27.5	3.63T
37	GOOGL	Alphabet Inc	$290.93	104.36B	353.42B	31.17%	27.5	3.63T
38	META	Meta Platforms Inc	$594.89	102.76B	549.05B	18.72%	27.5	1.66T
39	MSFT	Microsoft Corp	$371.04	101.97B	282.10B	36.15%	23.9	2.85T
40	AAPL	Apple Inc	$252.62	96.88B	399.95B	25.57%	30.9	3.64T
41	JPM	JPMorgan Chase & Co	$295.42	92.83B	321.45B	28.88%	14.6	830.82B
42	AAPL	Apple Inc	$252.62	91.95B	593.18B	15.50%	30.9	3.64T
43	ACGBY	Agricultural Bank of China	$16.80	91.88B	270.41B	32.89%	8.1	2.32T
44	BACHY	Bank of China Limited	$14.88	89.00B	242.28B	36.68%	6.8	1.62T
45	AMZN	Amazon.com Inc	$211.71	87.30B	1.12T	7.78%	28.2	2.19T
46	RHHBY	Roche Holding AG	$47.39	82.47B	387.82B	13.68%	20.0	257.69B
47	AAPL	Apple Inc	$252.62	82.23B	569.90B	14.43%	30.9	3.64T
48	MSFT	Microsoft Corp	$371.04	81.63B	250.93B	34.34%	23.9	2.85T
49	AMZN	Amazon.com Inc	$211.71	76.74B	708.36B	10.83%	28.2	2.19T
50	BACHY	Bank of China Limited	$14.88	76.15B	230.33B	34.85%	6.8	1.62T
51	RHHBY	Roche Holding AG	$47.39	75.15B	392.69B	13.00%	20.0	257.69B
52	MSFT	Microsoft Corp	$371.04	72.78B	388.58B	18.73%	23.9	2.85T
53	V	Visa Inc	$304.91	71.08B	213.86B	33.24%	29.0	603.38B
54	AMZN	Amazon.com Inc	$211.71	70.27B	925.56B	7.59%	28.2	2.19T
55	JD	JD.com Inc	$29.69	69.46B	4.63T	1.50%	12.8	286.41B
56	TSLA	Tesla Inc	$385.95	69.00B	924.44B	7.46%	407.2	1.54T
57	LLY	Eli Lilly and Co.	$916.31	68.90B	288.72B	23.86%	46.4	957.52B
58	TSLA	Tesla Inc	$385.95	66.06B	839.63B	7.87%	407.2	1.54T
59	V	Visa Inc	$304.91	64.49B	230.35B	28.00%	29.0	603.38B
60	MSFT	Microsoft Corp	$371.04	62.36B	320.70B	19.45%	23.9	2.85T
61	AMZN	Amazon.com Inc	$211.71	61.82B	634.00B	10.29%	28.2	2.19T
62	META	Meta Platforms Inc	$594.89	60.46B	200.98B	30.08%	27.5	1.66T
63	JD	JD.com Inc	$29.69	58.02B	4.30T	1.43%	12.8	286.41B
64	JPM	JPMorgan Chase & Co	$295.42	55.32B	116.87B	29.28%	14.6	830.82B
65	LLY	Eli Lilly and Co.	$916.31	49.23B	262.19B	18.78%	46.4	957.52B
66	JPM	JPMorgan Chase & Co	$295.42	48.17B	113.07B	27.82%	14.6	830.82B
67	EQNR	Equinor ASA	$40.72	47.29B	1.10T	4.53%	21.0	1.01T
68	EQNR	Equinor ASA	$40.72	46.88B	983.76B	4.77%	21.0	1.01T
69	LVMUY	LVMH Moët Hennessy	$105.17	46.29B	343.85B	13.46%	20.8	228.79B
70	META	Meta Platforms Inc	$594.89	45.39B	167.64B	28.58%	27.5	1.66T
71	LVMUY	LVMH Moët Hennessy	$105.17	41.38B	341.53B	12.79%	20.8	228.79B
72	WLWHY	Woolworths Group Limited	$3.86	41.07B	1.34T	3.07%	29.5	50.86B
73	NVDA	NVIDIA Corp	$178.68	37.98B	75.57B	53.06%	35.6	4.27T
74	HESAY	Hermès International	$189.41	36.89B	130.50B	28.27%	26.9	182.29B
75	ORCL	Oracle Corporation	$146.02	36.80B	153.12B	24.04%	29.5	454.78B
76	WLWHY	Woolworths Group Limited	$3.86	35.94B	1.30T	2.92%	29.5	50.86B
77	RY	Royal Bank Of Canada	$162.50	35.69B	117.04B	30.49%	16.1	327.62B
78	RY	Royal Bank Of Canada	$162.50	33.04B	104.17B	31.72%	16.1	327.62B
79	ORCL	Oracle Corporation	$146.02	32.37B	167.26B	19.35%	29.5	454.78B
80	HESAY	Hermès International	$189.41	29.82B	117.24B	26.86%	26.9	182.29B
81	MA	Mastercard Inc	$502.76	28.97B	70.31B	41.20%	30.8	461.31B
82	XOM	Exxon Mobil Corp	$163.26	28.27B	317.50B	8.91%	22.1	637.07B
83	MA	Mastercard Inc	$502.76	28.15B	83.23B	33.83%	30.8	461.31B
84	BAC	Bank of America Corp	$48.75	28.13B	82.32B	28.99%	12.3	377.82B
85	TD	Toronto-Dominion Bank	$94.30	28.08B	63.87B	33.53%	10.0	217.34B
86	RY	Royal Bank Of Canada	$162.50	27.95B	67.38B	32.27%	16.1	327.62B
87	XOM	Exxon Mobil Corp	$163.26	27.27B	340.26B	8.46%	22.1	637.07B
88	PDD	PDD Holdings Inc	$103.47	26.64B	93.32B	28.55%	9.1	135.64B
89	JNJ	Johnson & Johnson	$239.93	26.54B	93.28B	28.46%	22.2	594.00B
90	LRLCY	L'Oréal S.A.	$79.68	26.03B	187.17B	13.91%	30.0	183.85B
91	TD	Toronto-Dominion Bank	$94.30	25.47B	64.37B	31.85%	10.0	217.34B
92	TD	Toronto-Dominion Bank	$94.30	25.30B	62.76B	40.31%	10.0	217.34B
93	RY	Royal Bank Of Canada	$162.50	25.27B	67.69B	30.66%	16.1	327.62B
94	BAC	Bank of America Corp	$48.75	25.16B	81.81B	27.54%	12.3	377.82B
95	TD	Toronto-Dominion Bank	$94.30	23.82B	55.84B	42.65%	10.0	217.34B
96	BAC	Bank of America Corp	$48.75	22.66B	70.80B	32.01%	12.3	377.82B
97	JNJ	Johnson & Johnson	$239.93	22.62B	88.33B	27.04%	22.2	594.00B
98	AVGO	Broadcom Inc.	$318.81	22.59B	62.42B	36.20%	68.5	1.58T
99	LRLCY	L'Oréal S.A.	$79.68	22.35B	178.58B	13.21%	30.0	183.85B
100	WFC	Wells Fargo & Co	$80.26	21.92B	64.06B	17.46%	13.7	291.17B

Frequently Asked Questions

What is net income?

Net income is a company's total profit after subtracting all expenses from revenue, including cost of goods sold, operating expenses, interest, taxes, and depreciation. It appears at the bottom of the income statement, which is why it is called the "bottom line." Net income is the starting point for calculating earnings per share (EPS), the P/E ratio, and return on equity. Positive net income means the company is profitable; negative net income means it is losing money.

What companies have the highest net income?

Apple typically leads all U.S. companies with net income approaching $100 billion annually. Microsoft, Alphabet (Google), and Meta generate $20-80 billion each in net income. Among non-tech companies, Berkshire Hathaway, JPMorgan Chase, and ExxonMobil are consistent top earners. The technology sector dominates because high margins on digital products produce extraordinary profitability at scale.

Is high net income always good?

Generally yes, but context matters. A company can temporarily boost net income through one-time events like asset sales, tax benefits, or accounting changes that are not repeatable. Declining net income despite growing revenue signals margin compression, which could indicate competitive pressure or rising costs. Also compare net income to cash flow from operations — if net income significantly exceeds operating cash flow, earnings quality may be low.

What is the difference between net income and EBITDA?

Net income includes all deductions: operating costs, interest, taxes, depreciation, and amortization. EBITDA adds back interest, taxes, depreciation, and amortization, showing earnings from core operations before financing and accounting decisions. EBITDA is useful for comparing companies with different debt levels and tax situations. Net income is the more conservative and complete measure of actual profitability.

What is earnings per share (EPS)?

EPS divides net income by the number of outstanding shares, showing the profit attributable to each share. If a company earns $10 billion with 2 billion shares, EPS is $5.00. EPS is the foundation of the P/E ratio and is the most watched metric during earnings season. Diluted EPS accounts for stock options and convertible securities that could increase the share count. Growing EPS drives stock price appreciation over time.

Why do some large companies have low net income?

Large companies can have low net income relative to their revenue if they operate in low-margin industries (retail, automotive, airlines), carry heavy debt (high interest expense), have large depreciation charges from capital-intensive operations, or are investing heavily in growth at the expense of current profitability. Some companies with enormous revenue generate modest net income because their business model requires massive scale to work.

What is return on equity?

Return on equity (ROE) divides net income by shareholder equity, showing how efficiently a company uses invested capital to generate profit. An ROE of 20% means the company earns $0.20 for every $1.00 of equity. Companies with high net income and high ROE are particularly attractive because they are creating substantial value per dollar invested. However, high ROE can be inflated by excessive debt — check the D/E ratio alongside ROE.