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Ranking the Largest Companies by Revenue: USA vs. China

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See this visualization first on the Voronoi app.

This graphic compares the 15 largest Chinese and American companies based on their 2022 revenue, using data from the Fortune China 500 and Fortune Global 500.

Comparing the Largest American and Chinese Companies

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

With a GDP of around $18 trillion, China boasts the world’s second-largest economy, trailing only the United States.

The combination of low labor costs and advanced technology has positioned China as the global manufacturing hub.

In this graphic, we compare the 15 largest Chinese and American companies based on their 2022 revenue, using data from the Fortune China 500 and Fortune Global 500.

Chinese State-Owned Giants

Not as well-known in Western countries as brands like Walmart, Amazon, or Apple, China’s largest companies rank among the world’s top in terms of revenue.

China’s biggest company, the utility giant State Grid, is the third-largest company by revenue globally, trailing only Walmart and Saudi Aramco.

CompanyIndustry2022 Revenue (USD billion)
🇺🇸 WalmartRetailer$611B
🇨🇳 State GridUtility$530B
🇺🇸 AmazonRetailer$514B
🇨🇳 China National PetroleumOil and Gas$483B
🇨🇳 Sinopec GroupOil and Gas$471B
🇺🇸 Exxon MobilOil and Gas$413B
🇺🇸 AppleElectronics$394B
🇺🇸 Berkshire HathawayInsurance/ Property and Casualty (Stock)$383B
🇺🇸 UnitedHealth GroupInsurance/ Health Care$324B
🇺🇸 CVS HealthHealth Care/ Pharmacy$322B
🇨🇳 China State Construction EngineeringConstruction$306B
🇺🇸 AlphabetInternet Services/ Retail$283B
🇺🇸 McKessonHealth Care / Pharmacy$264B
🇺🇸 ChevronPetroil Refining$246B
🇺🇸 CencoraHealth Care$238B
🇺🇸 Costco WholesaleGeneral Merchandisers$227B
🇺🇸 MicrosoftComputer Software$227B
🇨🇳 Industrial & Commercial Bank of ChinaBanking/Financial$215B
🇨🇳 China Construction BankBanking/Financial$203B
🇨🇳 Agricultural Bank of ChinaBanking/Financial$187B
🇨🇳 Ping An InsuranceBanking / Insurance$182B
🇺🇸 Cardinal HealthHealth Care$181B
🇺🇸 CignaHealth Care / Insurance$180B
🇨🇳 Sinochem HoldingsChemicals / Fertilizer$174B
🇨🇳 China Railway Engineering GroupHolding Company$172B
🇨🇳 China National Offshore OilOil and Gas$165B
🇨🇳 China Railway ConstructionConstruction$163B
🇨🇳 China Baowu Steel GroupSteel/Metallurgy$162B
🇨🇳 Bank of ChinaBanking/Financial$157B
🇨🇳 JD.comRetail$155B

State Grid holds the title of the largest utility company globally. In 2022, it reported 871,145 employees and served 1.1 billion customers.

Most of the leading Chinese companies on this ranking are similar to State Grid, in that they were initially founded as state-owned entities and operate in traditional industries like utilities, banking, construction, and oil and gas.

Another example is China State Construction Engineering, the world’s largest construction company, notable for constructing two hospitals in Wuhan in less than two weeks during the COVID-19 pandemic.

In contrast, the U.S. top 15 list leans more towards a presence of retail and technology companies.

One Chinese company that bucks the trends above is JD.com, a massive e-commerce company. Founded by internet entrepreneur Liu Qiangdong in 1998, JD.com initially started as an physical electronics store, but quickly expanded into e-commerce and diversified its product offering. Today, it stands as a major competitor to Alibaba’s Tmall.

China claims three spots in the top five overall, with oil and gas companies China National Petroleum and Sinopec Group leading ahead of companies like ExxonMobil, Apple, and Berkshire Hathaway.

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Sports

Ranked: Which NHL Team Takes Home the Most Revenue?

The Oilers are the second-highest earning team in the NHL and the Panthers are 26th. We show the top teams in the NHL by revenue in 2023.

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Visualization of NHL team revenues

Which NHL Team Takes Home the Most Revenues?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic shows every NHL team’s revenue from the 2022/23 season using data from Forbes, compiled by JP Morgan Asset Management.

Ranked: The Highest-Earning NHL Teams

As the final round of the Stanley Cup Playoffs wears on, two teams on different ends of the revenue spectrum face off.

Despite representing a much smaller city than the other teams at the top of the ranking, the Edmonton Oilers have the second highest revenue in the league at $281 million. The Oilers have seen the fastest revenue growth over the past five years (13%) as the team has improved.

Team2022-23 Season RevenueValuation
Toronto Maple Leafs$281M$2.8B
Edmonton Oilers$281M$1.9B
Los Angeles Kings$279M$2.0B
New York Rangers$265M$2.7B
Montreal Canadiens$265M$2.3B
New Jersey Devils$240M$1.5B
Boston Bruins$239M$1.9B
Vegas Golden Knights$233M$1.1B
Chicago Blackhawks$228M$1.9B
Philadelphia Flyers$219M$1.7B
Washington Capitals$218M$1.6B
Dallas Stars$210M$1.1B
Pittsburgh Penguins$207M$1.2B
Detroit Red Wings$199M$1.2B
Vancouver Canucks$198M$1.3B
Seattle Kraken$197M$1.2B
Tampa Bay Lightning$196M$1.3B
Minnesota Wild$185M$1.1B
St Louis Blues$184M$1.0B
New York Islanders$183M$1.6B
Calgary Flames$183M$1.1B
Colorado Avalanche$182M$1.2B
Nashville Predators$180M$1.0B
Carolina Hurricanes$177M$0.8B
Anaheim Ducks$164M$0.9B
Winnipeg Jets$162M$0.8B
Florida Panthers$161M$0.8B
Buffalo Sabres$159M$0.8B
San Jose Sharks$158M$0.9B
Columbus Blue Jackets$151M$0.8B
Ottawa Senators$128M$1.0B
Arizona Coyotes$120M$0.5B

In the 2022/23 season, the Florida Panthers pulled off a major upset in the first round of the playoffs and fought their way to the finals before losing to the Vegas Golden Knights.

Despite the success last season, the Panthers still find themselves in the bottom six in this ranking, with $161 million in revenue. The team also has the second lowest operating income in the league, after Ottawa. Florida is an emerging hockey market though, with revenue increasing 9% over the past five years.

Other Hockey Revenue Highlights

  • Along with the Oilers, the Toronto Maple Leafs sit at the top of the revenue ranking. There is a key difference though: the Maple Leafs have a higher valuation-to-revenue multiple (10x vs 6.6x).
  • Professional hockey remains attractive to advertisers. In the 2022/23 season, team-specific sponsorship revenue was 36% higher than in 2018/19.
  • The team with the lowest revenue, the Arizona Coyotes, will be moving to Utah next season.
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