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Home » Top 100 Tech Companies: Alphabet Leads 2024 Global Rankings, UK Falls Behind with Only One Entry

Top 100 Tech Companies: Alphabet Leads 2024 Global Rankings, UK Falls Behind with Only One Entry

Joan Aimuengheuwa by Joan Aimuengheuwa
July 22, 2024
in DisruptiveTECH
3
Top 100 tech companies: Alphabet Tops Global Tech Rankings for 2024, UK Falls Behind with Only One Entry
Source: Coveragely.com

Source: Coveragely.com

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Artificial intelligence is now the engine driving the tech industry. In a year defined by its rapid rise and huge changes, a recent study has highlighted this by spotlighting the top 100 tech companies globally for 2024.

Conducted by Coveragely.com, the study reveals the financial progress and innovation of these companies. It shows metrics such as net asset values, market capitalisation, annual revenue, operating margins and number of employees, noting their resilience despite global economic fluctuations. Surprisingly, only one UK company made it to the list.

Alphabet, Google’s parent company, is number one in the list of top 100 tech companies with a perfect score of 100. Alphabet’s financial performance is commendable across all metrics. With a net asset value of $293 billion—the highest globally—and a market capitalisation of $2.28 trillion.

Its annual revenue of $318 billion, coupled with an operating margin of 25.49%, discloses its ability to generate and efficiently convert revenue into profit. The company’s total assets are valued at $407 billion, with liabilities of $115 billion. Additionally, Alphabet’s workforce of 180,900 employees each generates $1.8 million in revenue, ensuring operational efficiency and productivity.

Microsoft holds the title of the world’s most valuable company with a market capitalisation of $3.37 trillion. The company generates $237 billion in annual revenue and has an operating margin of 42.14%, with the ability to efficiently convert revenue into profit. Microsoft’s total assets are valued at $484 billion, with net assets of $253 billion and liabilities of $231 billion. Each of its 221,000 employees generates $1.1 million in revenue, highlighting its workforce’s productivity.

Samsung ranks third with a market capitalisation of $386 billion and an annual revenue of $201 billion. Despite having a lower operating margin of 11.51%, Samsung maintains good financial health with net assets valued at $276 billion and total assets of $350 billion. Its 270,000 employees each contribute $0.7 million in revenue annually, pointing to the company’s large-scale operations and workforce productivity.

Amazon comes with a market capitalisation of $2 trillion and the highest global revenue of $591 billion annually. However, its profitability is challenged by a negative operating margin of -1.15%. 

Amazon holds the highest total assets globally at $531 billion, with net assets of $217 billion and liabilities of $314 billion. As the largest global employer with 1.525 million employees, Amazon significantly influences the job market, though its revenue per employee stands at $0.4 million, lower than some competitors.

Meta Platforms, the parent company of Facebook, ranks fifth with a market capitalisation of $1.3 trillion and $143 billion in annual revenue. Meta is doing great in converting revenue into profit with an operating margin of 23.79%. 

The company’s total assets are valued at $223 billion, with net assets of $150 billion and liabilities of $73.3 billion. Meta’s 69,300 employees each generate $2.1 million in revenue, positioning them among the most productive globally.

Alibaba, a leader in e-commerce, retail, internet, and technology, ranks sixth with a market capitalisation of $181.2 billion and $131 billion in annual revenue. The company has a healthy operating margin of 16.82%. 

Despite its large workforce of 204,900 employees, each generating $0.6 million in revenue, Alibaba maintains strong financials with total assets of $244 billion and net assets of $154 billion, despite liabilities of $90.3 billion.

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Apple, although ranked seventh, is an industry pioneer with the world’s second-highest market capitalisation at $3.28 trillion. It generates $382 billion in annual revenue, making it the second-largest global revenue machine. 

Apple successfully converted revenue into profit with an operating margin of 30.2%. The company’s total assets are valued at $337 billion, with liabilities of $263 billion and net assets of $74.2 billion. Each of Apple’s 150,000 employees generates $2.5 million in revenue, ranking third globally in productivity.

Taiwan Semiconductor Manufacturing Company (TSMC) ranks eighth with a market capitalisation of $894 billion and $73.9 billion in annual revenue. TSMC’s profitability is outstanding with an operating margin of 50.54%, the second-highest globally. The company’s total assets are valued at $180 billion, with net assets of $113 billion and liabilities of $67.7 billion. TSMC employs 76,500 people, each generating $1 million in revenue.

Tencent, with a market capitalisation of $457.2 billion and $85 billion in annual revenue, ranks ninth. The company demonstrates strong profitability with an operating margin of 40.35%. Financially, Tencent is stable with total assets of $215 billion, net assets of $116 billion, and liabilities of $99.2 billion. Each of its 104,800 employees generates $0.8 million in revenue.

Intel, ranked tenth, has a market capitalisation of $129.7 billion and $55.2 billion in annual revenue. The company maintains a healthy operating margin of 12.31%, revealing ongoing profitability. 

Intel’s total assets are valued at $193 billion, with net assets of $111 billion and liabilities of $82 billion. With 120,300 employees, Intel’s revenue per employee is $0.5 million, contributing significantly to the semiconductor industry.

The top 100 tech companies study also shows the financial and innovative capabilities of these tech titans, revealing a sector dominated by companies from the United States and Asia, with only one UK company, Arm Holdings, making it to the list. 

Arm Holdings ranks 93rd with a market capitalisation of $172.7 billion and $3.2 billion in revenue, revealing both its potential and the broader challenges faced by the UK tech sector. The difference in representation points to the UK’s urgent need for increased investment, innovation, and supportive policies to ensure a more competitive tech industry globally.

The top tech companies of 2024 reveal exceptional financial strength, innovation, and productivity, driving towards huge technological evolution. Strategic investments, efficient management of assets and liabilities, and the ability to generate revenue and profit tell us of continuous strength in ensuring the tech industry continues to scale.

The top 100 tech companies are:

  1. Alphabet (Google)  
  2. Microsoft  
  3. Samsung  
  4. Amazon  
  5. Meta Platforms  
  6. Alibaba  
  7. Apple  
  8. TSMC  
  9. Tencent  
  10. Intel  
  11. NVIDIA  
  12. Broadcom  
  13. Tesla  
  14. Salesforce  
  15. AMD  
  16. Foxconn  
  17. Sony  
  18. SAP  
  19. Cisco  
  20. Micron Technology  
  21. Jingdong Mall  
  22. SK Hynix  
  23. Baidu  
  24. Analog Devices  
  25. Pinduoduo  
  26. Schneider Electric  
  27. Panasonic  
  28. SMIC  
  29. Fiserv  
  30. QUALCOMM  
  31. IBM  
  32. Netflix  
  33. Xiaomi  
  34. Canon  
  35. Nokia  
  36. Meituan  
  37. Global Payments  
  38. Hewlett Packard Enterprise  
  39. PayPal  
  40. Intuit  
  41. Applied Materials  
  42. ASML  
  43. Keyence  
  44. Block  
  45. Texas Instruments  
  46. LG Electronics  
  47. Infineon  
  48. Adobe  
  49. NetEase  
  50. Fidelity National Information Services  
  51. Roper Technologies  
  52. Nintendo  
  53. Naver  
  54. Murata Manufacturing  
  55. Trip.com  
  56. STMicroelectronics  
  57. DiDi  
  58. Marvell Technology Group  
  59. Uber  
  60. Renesas Electronics  
  61. Mobileye  
  62. NEC Corp  
  63. TE Connectivity  
  64. Equinix  
  65. MediaTek  
  66. Lufax  
  67. AspenTech  
  68. Oracle  
  69. Tokyo Electron  
  70. United Microelectronics  
  71. GlobalFoundries  
  72. Ericsson  
  73. Kakao  
  74. ServiceNow  
  75. ASE Group  
  76. NXP Semiconductors  
  77. Lam Research  
  78. Shopify  
  79. Dassault Systèmes  
  80. Twilio  
  81. Arista Networks  
  82. Airbnb  
  83. Adevinta  
  84. ASUS  
  85. Workday  
  86. Coinbase  
  87. Delta Electronics  
  88. ON Semiconductor  
  89. Synopsys  
  90. Zoom  
  91. Coherent  
  92. Electronic Arts  
  93. Arm Holdings  
  94. DoorDash  
  95. CoStar Group  
  96. Garmin  
  97. Rakuten  
  98. Sea (Garena)  
  99. Kuaishou Technology  
  100. Microchip Technology

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  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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