In this article we are going to list the 5 big companies that aren’t profitable. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 big companies that aren’t profitable.
5. Pemex
Total revenue (in billions): $73,761
Total assets (in billions): $100,303
Total losses (in billions): $-14,526
Pemex is considered to be one of the biggest companies in Latin America, with the oil and gas giant recording the second-biggest losses of any company among Fortune Global 500. Currently, Pemex is in talks with KKR to pay $320 million for a fuel-import terminal.
4. The Boeing Company (NYSE:BA)
Total revenue (in billions): $62,286
Total assets (in billions): $138,552
Total losses (in billions): $-4,202
The Boeing Company (NYSE:BA) is one of the biggest defense contractors in the world and yet, year after year, makes major losses. One of the biggest setbacks the company faced was two of its new 737 Max jets crashing in quick succession, resulting in the loss of hundreds of lives, and the 737 Max being grounded, causing billions in losses. The Boeing Company (NYSE:BA) had barely recovered from this major setback that the pandemic hit, and demand for airplanes plummeted as lockdowns were imposed, and continues to post billions in losses.
3. SoftBank Group
Total revenue (in billions): $55,384
Total assets (in billions): $391,604
Total losses (in billions): $-15,205
SoftBank Group had the highest losses of any company in our list of 15 big companies that aren’t profitable. SoftBank Vision funds, the company’s investment portfolio, racked up massive losses of $39 billion mainly due to its fund being more focused on tech stocks, which have had a disastrous 2022. The company also warned that there are still major market risks present because of the Russia-Ukraine war and U.S.-China dispute.
2. Jinneng Holding Group
Total revenue (in billions): $74,588
Total assets (in billions): $167,062
Total losses (in billions): $-341
Jinneng Holding Group is the biggest loss making Chinese company, which is a state-owned coal corporation. The company was formed in 2020 based on a mega coal merger that resulted in the consolidation of 5 companies.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Total revenue (in billions): $513,983
Total assets (in billions): $462,675
Total losses (in billions): $-2,722
Topping the list of the 15 big companies that aren’t profitable is Amazon.com, Inc. (NASDAQ:AMZN), which is one of only two companies with revenue greater than half a trillion dollar in TTM. While the company has engaged in significant cost cutting measures, including cutting down 18,000 jobs, but has still been engaged in huge losses. The company also became the first corporation in the world to lose $1 trillion in market cap in November 2022, according to Bloombgerg.
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