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- Market Cap (or market capitalization) refers to the worth of a company computed from the total value of all its shares.
- BI gives an overview of the world’s top 10 enterprises in terms of their 2023 market cap.
- Market Cap is an important metric in ascertaining the comparative value of firms with regard to trading opportunities. With its market capitalization of $2.596 Trillion, Apple ranks as the largest company in the world in 2023 followed by some most recognizable brands like Saudi Aramco, Microsoft, Alphabet and Amazon.
In ranking the companies, we have used the latest market cap data published by the CompaniesMarketCap.com. Though market value is a more comprehensive term determined by several factors connected to a company’s health and performance, often the terms market cap and market value are used interchangeably.
Market cap ranking of a company does not necessarily rank it in terms of its size. For instance, the largest company by market cap is Apple, while in terms of revenue, American multinational retailer Walmart ranks as the largest company in the world.
Here are the world’s top 10 companies by their market cap as of 26th April 2023.
Apple (United States)
BI
Apple’s market cap of $2.59 trillion places it on top of the world’s leading enterprises. The US based multinational technology company’s principal offerings include software, consumer electronics and online services. Apple is counted among the Big Five IT companies along with Alphabet, Amazon, Meta and Microsoft. Apple’s 2022 revenue of $387.53 billion makes it the largest technology enterprise in terms of revenue. Steve Jobs, Steve Wozniak.
Saudi Arabian Oil Company (Saudi Aramco) (Saudi Arabia)
Saudi Arabian Oil Company (Saudi Aramco)
The Saudi Arabia-based Saudi Aramco is the second largest enterprise in the world in terms of market cap, at $2.112 trillion. Saudi Aramco is also counted among the largest firms in the world in terms of revenue. This firm is also the largest oil producer in the world per day. In 2020, Forbes Global 2000 ranked Saudi Aramco as the 5th largest public enterprise in the world.Saudi Arabian Oil Company (Saudi Aramco) (Saudi Arabia).
Microsoft (United States)
BI
The US-based Microsoft’s market cap is estimated at $2.050 trillion, which makes the multinational technology corporation the third largest firm on this list. Microsoft’s best known software offerings are the Windows line of OS, MS Office suite, Edge web browsers and Internet Explorer. The other leading products of Microsoft are consumer electronics, personal computers and other computer software. Founded in 1975 by Bill Gates and Paul Allen, Microsoft is headquartered in Redmond, Washington, United States.
Alphabet (United States)
Alphabet
Alphabet Inc, the parent company of Google, is the fourth largest enterprise in the world by market cap, at $1.343 trillion. The American multinational technology conglomerate holding company is headquartered in Mountain View, California. Listed among the world’s most valuable companies, Alphabet is also the third-largest technology company in the world by revenue. Alphabet was created in 2015 and became Google’s parent company, also bringing many of Google’s former subsidiaries under its umbrella.
Amazon (United States)
Amazon
Amazon’s market cap is at $1.052 trillion, which places it fifth in the list of world’s top enterprises by market cap. The principal offerings of the American multinational technology company are cloud computing, e-commerce, artificial intelligence and digital streaming services. Amazon is also the world’s most valued brand. Amazon started its journey in 1994 in the garage of its founder Jeff Bezos in Washington. In 2021, Amazon was also the world’s largest online retailer.
Berkshire Hathaway (United States)
Berkshire Hathaway
With its market cap of $717.38 billion, Berkshire Hathaway occupies the sixth place among the world’s leading enterprises by market cap. Headquartered in Omaha, Nebraska, the American multinational conglomerate holding company has holdings in some major US-based firms. Forbes Global 2000 considers Berkshire Hathaway as the 8th largest public company in the world, the largest financial services company in terms of revenue and the tenth largest conglomerate by revenue.
NVIDIA
United Health Group
NVIDIA is a technology company that designs and manufactures graphics processing units (GPUs) and other computer hardware. The company has a market capitalization of $648.15 billion, and since its inception in 1993, NVIDIA has been a major player in the technology industry with a strong focus on graphics processing and high-performance computing. NVIDIA has its headquarters in Santa Clara, California.
Meta Platforms (United States)
Meta Platforms
Formerly Facebook, Inc, Meta Platforms is a technology company that has acquired over 91 companies including WhatsApp. Meta’s market cap is $532.19 billion which puts it in the 8th place among world’s leading enterprises by market cap. Most of the firm’s acquisitions have been sort of talent acquisitions. The majority of companies that Meta acquired are located in the San Francisco Bay area. Meta has also invested in Wildfire Interactive and LuckyCal.
Johnson & Johnson - $515.33 billion
Johnson & Johnson
One of the world leaders in consumer packaged goods, medical devices and pharmaceuticals, the American multinational corporation Johnson & Johnson was founded in 1886. The company is ranked 36th on Fortune 500 list which includes the largest corporations in the US in terms of revenue. Johnson & Johnson's market cap in 2023 is $515.33 billion which places it in the 10th position among the world’s largest enterprises by market cap. The firm is also listed in the Dow Jones industrial Average.
Tesla (United States)
BI
US-based Tesla’s market cap is $509.24 billion, which ranks at tenth on this list. The American multinational automotive and clean energy company designs and manufactures electric cars and trucks, and battery energy storage solutions. Tesla is also the world’s most valuable automaker in terms of its market cap. Tesla Energy is its subsidiary company that develops and installs photovoltaic systems in the US.
