Companies earning more than 20% on equity
Reported net income divided by reported total equity, both from the same annual filing. A company that has bought back enough stock to leave little equity can show a high ratio without earning more, so the figure rewards reading alongside the balance sheet.
| Company | Revenue | Net income | Gross margin | Free cash flow |
|---|---|---|---|---|
| WMTWalmart Inc. | $713.16B | $21.89B | 24.9% | $14.92B |
| AAPLApple Inc. | $416.16B | $112.01B | 46.9% | $98.77B |
| GOOGLAlphabet Inc. | $402.84B | $132.17B | 59.7% | $73.27B |
| MSFTMICROSOFT CORP | $331.84B | $133.75B | 67.9% | $66.99B |
| CORCencora, Inc. | $321.33B | $1.55B | 3.6% | $3.21B |
| COSTCOSTCO WHOLESALE CORP /NEW | $275.24B | $8.10B | 12.8% | $7.84B |
| NVDANVIDIA CORP | $215.94B | $120.07B | 71.1% | Unavailable |
| METAMeta Platforms, Inc. | $200.97B | $60.46B | 82.0% | $46.11B |
| HDHOME DEPOT, INC. | $164.68B | $14.16B | 33.3% | Unavailable |
| CMCSACOMCAST CORP | $123.71B | $20.00B | Unavailable | $21.89B |
| TGTTARGET CORP | $104.78B | $3.70B | 27.9% | $2.84B |
| JNJJOHNSON & JOHNSON | $94.19B | $26.80B | 67.9% | $19.70B |
| PEPPEPSICO INC | $93.92B | $8.24B | 54.1% | Unavailable |
| BABOEING CO | $89.46B | $2.24B | 4.8% | -$1.88B |
| UPSUNITED PARCEL SERVICE INC | $88.66B | $5.57B | Unavailable | $4.76B |
| PGR InsurerPROGRESSIVE CORP/OH/ | $87.67B | $11.31B | Unavailable | $17.20B |
| PGPROCTER & GAMBLE Co | $87.03B | $16.05B | 50.2% | $15.15B |
| SYYSYSCO CORP | $84.55B | $1.76B | 18.5% | Unavailable |
| LMTLOCKHEED MARTIN CORP | $75.05B | $5.02B | 10.2% | Unavailable |
| AXP BankAMERICAN EXPRESS CO | $72.23B | $10.83B | Unavailable | $16.00B |
| ACNAccenture plc | $69.67B | $7.68B | 31.9% | $10.87B |
| ALL InsurerALLSTATE CORP | $67.68B | $10.28B | Unavailable | $9.88B |
| IBMINTERNATIONAL BUSINESS MACHINES CORP | $67.54B | $10.59B | 58.2% | $12.10B |
| ORCLORACLE CORP | $67.36B | $17.09B | Unavailable | -$23.69B |
| LLYELI LILLY & Co | $65.18B | $20.64B | 83.0% | Unavailable |
| MRKMerck & Co., Inc. | $65.01B | $18.25B | 74.8% | $12.36B |
| DALDELTA AIR LINES, INC. | $63.36B | $5.00B | Unavailable | Unavailable |
| CSCOCISCO SYSTEMS, INC. | $63.32B | $13.27B | 64.5% | $12.77B |
| TJXTJX COMPANIES INC /DE/ | $60.37B | $5.49B | 31.0% | $4.92B |
| UALUnited Airlines Holdings, Inc. | $59.07B | $3.35B | Unavailable | Unavailable |
| CHTRCHARTER COMMUNICATIONS, INC. /MO/ | $54.77B | $4.99B | Unavailable | $4.42B |
| UBERUber Technologies, Inc | $52.02B | $10.05B | Unavailable | $9.76B |
| BMYBRISTOL MYERS SQUIBB CO | $48.19B | $7.05B | 71.1% | $12.84B |
| KOCOCA COLA CO | $47.94B | $13.11B | 61.6% | $5.30B |
| NKENIKE, Inc. | $46.40B | $3.11B | 42.9% | $2.18B |
| GEGENERAL ELECTRIC CO | $45.86B | $8.70B | Unavailable | Unavailable |
| NFLXNETFLIX INC | $45.18B | $10.98B | 48.5% | $9.46B |
| QCOMQUALCOMM INC/DE | $44.28B | $5.54B | 55.4% | Unavailable |
| NOCNORTHROP GRUMMAN CORP /DE/ | $41.95B | $4.18B | Unavailable | $3.31B |
| BBYBEST BUY CO INC | $41.69B | $1.07B | 22.5% | $1.26B |
| VVISA INC. | $40.00B | $20.06B | Unavailable | Unavailable |
| GEVGE Vernova Inc. | $38.07B | $4.88B | 19.8% | Unavailable |
| HONHONEYWELL INTERNATIONAL INC | $37.44B | $4.73B | 36.9% | $5.42B |
| AMGNAMGEN INC | $36.75B | $7.71B | 67.2% | $8.10B |
| PYPLPayPal Holdings, Inc. | $33.17B | $5.23B | Unavailable | $5.56B |
| FERGFerguson Enterprises Inc. /DE/ | $30.76B | $1.86B | 30.7% | Unavailable |
| NRGNRG ENERGY, INC. | $30.71B | $864.00M | Unavailable | $766.00M |
| JBLJABIL INC | $29.80B | $657.00M | 8.9% | $1.17B |
| GILDGILEAD SCIENCES, INC. | $29.44B | $8.51B | 78.8% | $9.46B |
| MELIMERCADOLIBRE INC | $28.89B | $2.00B | 44.5% | Unavailable |
| AMATAPPLIED MATERIALS INC /DE | $28.37B | $7.00B | 48.7% | $5.70B |
| HIG InsurerHARTFORD INSURANCE GROUP, INC. | $28.37B | $3.84B | Unavailable | $5.75B |
| ANAUTONATION, INC. | $27.63B | $649.10M | 17.9% | -$197.50M |
| ETNEaton Corp plc | $27.45B | $4.09B | 37.6% | $3.55B |
| MRSH InsurerMARSH & MCLENNAN COMPANIES, INC. | $26.98B | $4.16B | Unavailable | $5.00B |
| CCLCarnival Corp Ltd. | $26.62B | $2.76B | Unavailable | $2.61B |
| WMWASTE MANAGEMENT INC | $25.20B | $2.71B | 40.4% | Unavailable |
| LYVLive Nation Entertainment, Inc. | $25.20B | $495.97M | Unavailable | $333.61M |
| MMM3M CO | $24.95B | $3.25B | 39.9% | $1.40B |
| CTA.PBEIDP, Inc. | $24.59B | $2.51B | 41.2% | $2.28B |
Fiscal year ends differ between companies; each row shows that company’s own latest annual period. Figures are the filers’ own, normalized from their SEC filings.
This screen runs as net_income / equity > 20% AND revenue > 1b. Open it in the screener to change the conditions, or read the methodology for how each figure is chosen.