Between 2019 and 2023, oil and gas explorers and producers logged the highest total revenue worldwide, reaching *** trillion U.S. dollars. Life and health insurance carriers followed behind.

As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.

As of January 2024, the first leading industry in Software-as-a-Service (SaaS) by total revenue was financial services software, with nearly 26 billion U.S. dollars in revenue, representing over the double of the second leading industry in the market. Marketing software and analytics software companies followed, with 11.6 billion U.S. dollars and 10.2 billion U.S. dollars, respectively.

In the fiscal year 2023, corporate sales of the transportation equipment industry in Japan amounted to approximately **** trillion Japanese yen, representing the highest sales revenue among the manufacturing industries. In the same year, the food industry generated almost **** trillion yen in sales.

The statistic shows the revenue generated by high-tech companies through new products in 2023, by industry. In 2023, companies from the electronic chemicals manufacturing industry generated a revenue of around ** billion yuan through new products.

In 2023, the energy, water and waste management sector garnered approximately 356.8 billion euros through the 500 non-financial companies in Spain with the largest net profit. Among the 500 largest corporations, those working on retail trade and automotive activities had a turnover of approximately 139.4 and 109.5 billion euros, respectively.

In 2021, the sales revenue of electronics and communication high-tech companies in China amounted to over **** trillion yuan. In the same year, over ***** thousand new products had been developed in the high-tech industry in the country.

In 2023, the insights industry segment that created the highest revenue worldwide was research software. This was the first year that research software had the highest market share. In previous years, market research was consistently the segment with the largest turnover.

In 2022, Saudi Basic Industries Corporation (SABIC) had generated around 52.92 billion U.S. dollars of revenue, indicating a slight decrease from the previous year.

SABIC overview
Saudi Basic Industries Corporation is one of the largest diversified chemical companies worldwide. It is headquartered in Riyadh, Saudi Arabia. SABIC is the largest public company in that country which contributes the most to the country’s GDP by producing the highest revenue, when compared to the worldwide chemical industries. Moreover, it had reported a brand value of around four billion U.S. dollars in 2020, while employing more than 30 thousand people.

Chemical industry in Saudi Arabia
It was forecasted that the chemical industry in Saudi Arabia will generate a revenue of 45 billion U.S. dollars by manufacturing chemicals and chemical products in that country. Although the production capacity of petrochemicals worldwide was nearly two billion metric tons in 2020, SABIC had produced around 37 million metric tons of chemicals from 2019 to 2020.

In Turkey, household appliances became the fastest growing industry, recording an increase in revenue from ** billion Turkish lira in 2019 to **** billion in 2022. The following industries were clothing, shoes & accessories, and electronics with ** billion and *** billion Turkish lira revenue in 2022, respectively.

In 2024, Microsoft generated approximately, **** billion U.S. dollars in revenue, making it the largest IT services company in the world in terms of revenue. Other major firms in the IT services market include Alphabet Inc., with revenues of over **** billion U.S. dollars, followed by AWS and Meta. IT services market A key sub-sector of the larger information technology industry is the IT services market. This sub-sector brings in hundreds of millions of dollars each year, with forecasts suggesting that this number will reach 1.42 trillion U.S. dollars in spending in 2023 after eclipsing the one trillion dollar mark in 2019. Digitalization, along with constant technological advancement, means that businesses in nearly every industry rely on IT services which results in continuous market spending. What are IT services products? The term IT services refers to a large amount of services and solutions used by businesses to assess, manage, and deliver information. These services include cloud computing, database management, as well as hardware deployment and support. Notably, these IT solutions assist in a vast array of business functions and thereby empower companies to stay agile and adaptive in a quickly changing environment.

This statistic displays the global environmental technology services industry revenue in the U.S. in 2017. The water treatment works sector generated 61. billion U.S. dollars in the United States, giving this market the highest revenue of the service industries shown.

In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to ** percent and ** percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around **** percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year. Cloud computing Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding *** billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories. Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

In 2023, state-owned Mexican oil company Petróleos Mexicanos, known as Pemex, was the leading Mexican company based on net revenue, with roughly 1.7 trillion Mexican pesos generated. Walmart de México ranked second that year, with a revenue of around 886.5 billion pesos. Robbed but still with the highest revenue With Pemex as Mexico's primary company, a significant hurdle emerged in the form of oil theft and its unlawful trade via pipeline perforations and barrel thefts, known as "Huachicoleo." The government promptly computed the daily economic losses stemming from the pilfered volume, amounting to nearly 10.5 million Mexican pesos. Swiftly following his assumption of office, President AMLO allocated substantial resources to eliminate these crimes, harboring the belief of an ultimate triumph against them. Initially, reported figures showed a decline compared to the outset of his presidential term, being higher in the state of Hidalgo. However, recent data reflects a resurgence, attributed in part to project discontinuity. This lapse is attributed to suspected corruption and the advent of innovative methods for acquiring fuel. Oil industry competitors in Mexico Upon the acknowledgment of the country's largest oil company's inability to independently fulfill the entirety of the market demand, a decision was made to open up the oil market to private sector participation. However, this move has introduced increased competition that now poses challenges to Pemex's business and financial dynamics. While Pemex retains a substantial portion of oil wells in comparison to other entities within the energy sector, the predominant supply of this resource has been nearly balanced by contributions from the private sector. Moreover, the primary players in the distribution through gas stations are Mobil and G500, further intensifying the pressure on the leading company within the nation. This intensified competition makes it arduous for Pemex to effectively manage pricing and meet the population's demand.

In 2024, the**************************************o posted the highest revenue of any company in the world before taxes, with an income of over *** billion U.S. dollars. ************************************************** rounded out the top five spots in the ranking of most profitable companies. What is net income? Net income, or net profit, which differs slightly from pre-tax income, is the figure that gives the most complete overview of a company’s profitability: It is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins. The Apple doesn’t fall far In terms of market value, Microsoft was the largest company in the world in 2024, with Apple following in second. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.

In 2024, the leading media company worldwide based on revenue was Alphabet Inc., with revenue of *** billion euros. In second place was Meta Platforms Inc, followed by Bytedance, Comcast Corporation, and Amazon. Media market - additional information The global entertainment and media market has a high value, considering it is made up of television, radio, internet, newspaper and in general technology-based companies. In 2024, this industry had an accumulated value of approximately *** trillion U.S. dollars. Projections for this market are optimistic as this industry is expected to increase its value over the next years, potentially reaching a revenue of *** trillion U.S. dollars by 2027. The first-ranking Alphabet had a revenue of over *** billion euros in 2024. The U.S. is the most important regional market for Alphabet, generating over ** percent of its revenue. Alphabet was followed by a fellow tech company, Meta, and by ByteDance, who owns TikTok. The majority of the leading media companies in the world are U.S.-based companies. Indeed, media has a major role in the daily life of Americans. On average, a consumer in the U.S. spent more than ** hours per day consuming major media.

The Danish company Jobindex A/S was the most profitable company in the information service industry in the Nordic countries as of February 2022, with a net profit of roughly 24.6 million euros. The second highest ranked company was the Swedish company Zimpler AB, generating a net revenue of almost 20 million euros.

Between March and June 2022, or in the first three months of the Russian invasion of Ukraine, Russia's fastest growing industry was mining. The sector recorded an over ** percent increase in revenue over that period. Wholesale and retail trade businesses had the second highest sales growth rate, which exceeded ** percent.

According to a report from Casaleggio Associate, the energy sector had the highest average revenue per employee in the United States in 2018. That year, the energy industry had an average revenue of **** million U.S. dollars per employee.

At about 20 billion U.S. dollars, Nucor Corp. was the U.S.-based industrial metals company with the highest revenue. Between 2019 and 2020, revenue decreased by close to 11 percent for the producer of steel and steel products, in part due to a decrease in demand due to the economic downturn of 2020. The pandemic causes uncertain times It was expected that the U.S. metals industry would find itself in a favorable climate when President Trump took office, and steel companies in particular were anticipated to see significant growth in the short to medium term. Instead, the market contracted due to the Covid-19 pandemic and its economic impact. 2022 projections are however optimistic for crude steel production, and predict a widespread vaccination campaign might contribute to a revivification of steel demand. Long-term outcomes for Section 232 are still unknown The long-term outcome of Section 232 tariffs is still uncertain. Most of the global aluminum consumption comes from Asia, particularly the Chinese market. Since the commodity is used in several important industries, it is susceptible to any change in the volatile Chinese economy. This might be one of the reasons why average aluminum prices dropped 14.9 percent between 2018 and 2019. Although there has been strong confidence in the future U.S. steel industry, Sino-American trade tensions are not over. On top of that, the recent rollback of tariffs against U.S. steel imports from Turkey are probably not the last move in uncertain times.