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			What are the most profitable companies by sector?
What are the most profitable companies by sector?
Apple is the most profitable company in the world with a 43% gross margin in Q1 2023. Apple can charge a premium price for its products because they are of high quality and innovative. While the iPhone is the biggest source of revenue, the most profitable business segment is service. The 2022 net margin was 25.31%.
ExxonMobil is the most profitable energy company, reporting $55.7 billion in 2022 profit. The amount of profit dollars more than doubled since the prior year driven by increased oil and gas output. The 2022 net margin was 13.92%.
JPMorgan Chase is the most profitable financial company with $37.7 billion in 2022 profit. Despite home lending being down, banking and wealth management was up, as well as corporate and investment banking. The 2022 Net Margin was 23.79%
Pfizer is the most profitable health care stock with $31.3 billion in 2022 profit. The largest driver of profit last year was the COVID19 pandemic. The company sold almost $40 billion in vaccines. Gross profit was 61.89% in 2022.
Home Dept is the most profitable retailer with $17.1 billion in profit dollars last year. The largest revenue segment is indoor garden at 9.5%, followed by appliances at 9.2%. The net margin last year was 10.9%.
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