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

Nvidia Surpasses Apple with $3.43 Trillion Valuation, Driven by 850% Growth Since 2022

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.

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: