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Home Business TE Insights

Profit Per Employee Rankings: Uncovering 2023’s Most Efficient Global Companies

by Peter Oluka
December 26, 2023
in TE Insights
0
Profit Per Employee Rankings, 2023
Employees in joyous mood (Credit: Phillips Group/Google)

Employees in joyous mood (Credit: Phillips Group/Google)

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Did you know that in 2023, Energi Danmark Group led the global efficiency race with a staggering $5.7 million profit per employee?

Following closely in this high-stakes game are Saudi Aramco and ConocoPhillips, with profits of $2.3 million and $2 million per employee, respectively.

This impressive performance is part of a larger narrative. The world’s top 500 companies have collectively garnered a monumental $2.9 trillion in profit. With a collective workforce exceeding 700 million, these titans of industry average a profit of $41.3K per employee.

This year’s analysis also uncovers the sectors leading in efficiency: Household Products, Energy, and Technology. Each of these sectors showcases remarkable profit per employee averages of $89.82K, $80.51K, and $76.58K, respectively, reflecting a diverse spectrum of industry prowess.

This detailed data, part of an in-depth study by agencyreviews.io, offers a panoramic view of global corporate efficiency, ranking the largest companies and sectors by profit per employee in 2023.

World’s Best and Worst 5 Companies Ranked by Profit per Employee, 2023

Companies profit per employee in 2023
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Source: agencyreviews.io

1. Energi Danmark Group: Leading the pack in the Energy sector, Energi Danmark Group showcases a total profit of $1.3B, achieved with just 220 employees, resulting in an extraordinary $5.7M profit per employee.

2. Saudi Aramco: In the Energy sector, Saudi Aramco, with a substantial total profit of $159.1B and 70,496 employees, secures a remarkable $2.3M profit per employee.

3. ConocoPhillips: ConocoPhillips, another major player in Energy, earns $18.7B in total profits from 9,500 employees, culminating in an impressive $2M profit per employee.

4. Fannie Mae: Standing out in the Financials sector, Fannie Mae achieves a total profit of $12.9B with 8,000 employees, translating to a robust $1.6M profit per employee.

5. Rajesh Exports: In the Wholesaler sector, Rajesh Exports, with a total profit of $200M from 135 employees, delivers an exceptional $1.3M profit per employee.

Top 10 Sectors with the Highest Profit per Employee

Companies profit per employee in 2023
Source: agencyreviews.io

1. Household Products (Avg Profit/Employee: $89.82k): Leading the pack, this sector, with 3 key players, contributed 0.99% to the total profit, highlighting its efficiency in utilizing a workforce of 320.43 thousand employees.

2. Energy (Avg Profit/Employee: $80.51k): Dominating with 88 companies, the energy sector secured 24.56% of the total profit, emphasizing its pivotal role in global profitability with 8.8 million employees.

3. Technology (Avg Profit/Employee: $76.58k): With 35 companies, the technology sector demonstrated its prowess, contributing 15.54% to the total profit and employing 5.9 million individuals.

4. Healthcare (Avg Profit/Employee: $69.43k): Boasting 30 companies, the healthcare sector showcased successful stability, contributing 7.51% to the total profit with 3.1 million employees.

5. Financials (Avg Profit/Employee: $62.02k): With 101 companies, the financial sector played a significant role, contributing 23.07% to the total profit pool, employing 10.8 million individuals.

6. Apparel (Avg Profit/Employee: $46.76k): Despite having only two companies, the apparel sector made a notable impact, contributing 0.42% to the total profit with a workforce of 259.7 thousand employees.

7. Food, Beverages and Tobacco (Avg Profit/Employee: $36.41k): Represented by 17 companies, this sector contributed 2.68% to the total profit, employing 2.1 million individuals.

8. Transportation (Avg Profit/Employee: $31.03k): With 22 companies, the transportation sector showcased resilience, contributing 5.54% to the total profit, with a workforce of 5.2 million employees.

9. Wholesaler (Avg Profit/Employee: $29.65k): Represented by 25 companies, the wholesaler sector made a modest impact, contributing 1.77% to the total profit pool, employing 1.7 million individuals.

10. Chemicals (Avg Profit/Employee: $27.66k): With 14 companies, the chemicals sector demonstrated steady efficiency, contributing 0.90% to the total profit, with a workforce of 941.62 thousand employees.

Explore the full study here for more insights.

[Featured Image Credit]

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Author

  • Peter Oluka
    Peter Oluka

    Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

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Tags: ConocoPhillipsEnergi Danmark GroupHousehold Productsprofit per employeeRajesh Exports
Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

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