Biggest Companies in the U.S. by Market Cap (October 25, 2023)

As of October 25, 2023, with its market capitalization of $2.7 trillion, Apple Inc. is the most valuable company in the U.S., a latest report from CEOWORLD magazine showed. Microsoft Corporation, which was valued at $2.4 trillion, came in second place, followed by Alphabet Inc. at $1.7 trillion and Amazon.com, Inc. at $1.3 trillion.

Ranked: The Top 10 Biggest Companies in the U.S. by Market Capitalization

1. Apple Inc.
   Market Cap: $2.7 trillion
   Apple has a total shareholder equity of $60.3B and total debt of $109.3B, which brings its debt-to-equity ratio to 181.3%. Its total assets and total liabilities are $335.0B and $274.8B respectively. Apple’s EBIT is $112.2B making its interest coverage ratio 469.6. It has cash and short-term investments of $62.5B.
2. Microsoft Corporation
   Market Cap: $2.4 trillion
   Microsoft has a total shareholder equity of $206.2B and total debt of $47.2B, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are $412.0B and $205.8B respectively. Microsoft’s EBIT is $88.5B making its interest coverage ratio -88.6. It has cash and short-term investments of $111.3B.
3. Alphabet Inc.
   Market Cap: $1.7 trillion
   Alphabet has Market Cap: $1.7trilliona total shareholder equity of $267.1B and total debt of $11.9B, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are $383.0B and $115.9B respectively. Alphabet’s EBIT is $76.5B making its interest coverage ratio -28.9. It has cash and short-term investments of $118.3B.
4. Amazon.com, Inc.
   Market Cap: $1.3 trillion
   Amazon.com has a total shareholder equity of $168.6B and total debt of $87.5B, which brings its debt-to-equity ratio to 51.9%. Its total assets and total liabilities are $477.6B and $309.0B respectively. Amazon.com’s EBIT is $17.7B making its interest coverage ratio 18.1. It has cash and short-term investments of $64.0B.
5. NVIDIA Corporation
   Market Cap: $1.1 trillion
   NVIDIA has a total shareholder equity of $27.5B and total debt of $9.7B, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are $49.6B and $22.1B respectively. NVIDIA’s EBIT is $10.8B making its interest coverage ratio -38.6. It has cash and short-term investments of $16.0B.
6. Meta Platforms, Inc.
   Market Cap: $808 billion
   Meta Platforms has a total shareholder equity of $134.0B and total debt of $18.4B, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are $206.7B and $72.7B respectively. Meta Platforms’s EBIT is $35.2B making its interest coverage ratio -77.6. It has cash and short-term investments of $53.4B.
7. Berkshire Hathaway Inc.
   Market Cap: $735.5 billion
   Berkshire Hathaway has a total shareholder equity of $551.8B and total debt of $125.3B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are $1,041.6B and $489.8B respectively. Berkshire Hathaway’s EBIT is $110.1B making its interest coverage ratio 23.4. It has cash and short-term investments of $147.4B.
8. Tesla, Inc.
   Market Cap: $673.1 billion
   Tesla has a total shareholder equity of $54.5B and total debt of $4.4B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are $93.9B and $39.4B respectively. Tesla’s EBIT is $10.7B making its interest coverage ratio -14.1. It has cash and short-term investments of $26.1B.
9. Eli Lilly and Company
   Market Cap: $518.6 billion
   Eli Lilly has a total shareholder equity of $11.1B and total debt of $19.0B, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are $54.8B and $43.7B respectively. Eli Lilly’s EBIT is $8.3B making its interest coverage ratio 31.6. It has cash and short-term investments of $2.9B.
10. UnitedHealth Group Incorporated
    Market Cap: $483.1 billion
    UnitedHealth Group has a total shareholder equity of $94.0B and total debt of $63.4B, which brings its debt-to-equity ratio to 67.4%. Its total assets and total liabilities are $282.1B and $188.1B respectively. UnitedHealth Group’s EBIT is $31.6B making its interest coverage ratio 10.2. It has cash and short-term investments of $44.1B.

This list includes the biggest companies by their market capitalization or market cap, that is, the total value of all their outstanding shares of stock, rather than other measures such as sales. Market cap shows the total value investors give to the company, as they factor in not only the company’s current profitability but also its expected future profitability.

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