5 Most Profitable Companies in the US

In this piece, we will take a look at the five most profitable companies in the US. If you want to learn more about the biggest companies in America in terms of revenue and profit, then check out 25 Most Profitable Companies in the US.

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5. JPMorgan Chase & Co. (NYSE:JPM)

Trailing Twelve Month Net Income: $47.7 billion

JPMorgan Chase & Co. (NYSE:JPM) is one of the biggest private banks in the world. The firm is currently embroiled in legal battles in Russia where a court has ordered it to pay $440 million to a state run bank.

During last year’s fourth quarter, 103 out of the 933 hedge funds profiled by Insider Monkey had bought and owned JPMorgan Chase & Co. (NYSE:JPM)’s shares. Ken Fisher’s Fisher Asset Management was the biggest shareholder due to its $2 billion stake.

4. Alphabet Inc. (NASDAQ:GOOG)

Trailing Twelve Month Net Income: $82.4 billion

Alphabet Inc. (NASDAQ:GOOG) is the holding company for Google, the world’s largest search engine. Its latest financial results came with a nice surprise for investors after Alphabet Inc. (NASDAQ:GOOG) announced a 20 cent dividend.

As of Q4 2023 end, 166 out of the 933 hedge funds tracked by Insider Monkey had bought and owned the firm’s shares. Ken Fisher’s Fisher Asset Management was the largest shareholder through its $6.3 billion investment.

3. Microsoft Corporation (NASDAQ:MSFT)

Trailing Twelve Month Net Income: $86.1 billion

Microsoft Corporation (NASDAQ:MSFT) is the American software and cloud computing giant headquartered in Redmond, Washington. The firm continued to deal with cyberattacks in April 2024, when it alleged that Russian state sponsored hackers were targeting it once again.

Insider Monkey dug through 933 hedge fund portfolios for their December quarter of 2023 shareholdings and found that 302 were Microsoft Corporation (NASDAQ:MSFT)’s shareholders. Michael Larson’s Bill & Melinda Gates Foundation Trust owned the biggest stake that was worth $14.3 billion.

2. Berkshire Hathaway Inc. (NYSE:BRK-B)

Trailing Twelve Month Net Income: $96.2 billion

Berkshire Hathaway Inc. (NYSE:BRK-B) is the investment holding company run by Berkshire Hathaway. April 2024 ended up generating quite a bit of controversy for the firm, as its real estate brokerage agreed to pay a $250 million fine due to allegations of inflated commissions.

For their fourth quarter of 2023 shareholdings, 117 out of the 933 hedge funds part of Insider Monkey’s database had bought and owned the firm’s shares. Berkshire Hathaway Inc. (NYSE:BRK-A)’s largest hedge fund shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust as it holds a $7.1 billion stake.

1. Apple Inc. (NASDAQ:AAPL)

Trailing Twelve Month Net Income: $100.9 billion

Apple Inc. (NASDAQ:AAPL) is the world’s most valuable consumer electronics firm. The tail end of April 2024 and the start of May have injected fresh hype into its AI efforts, as despite Apple being quiet on the AI front, industry watchers believe it can benefit from bringing the functionality to the flagship iPhone.

131 out of the 933 hedge funds tracked by Insider Monkey during Q4 2023 had held a stake in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $174 billion.

Disclosure: None. You can also take a look at the 11 Best Music Stocks to Invest In and 20 Countries That Produce the Most Gold in the World.

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