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Profit, profit, profit. Many people in America dream of achieving it through a business. But they're not sure which ventures are the most profitable or how to start.
America is no stranger to innovation.
Its biggest companies continue making huge amounts of money by doing smart business and positioning themselves right. America’s best businesses work in many different areas like technology, banks, healthcare, and stores. These companies make lots of money by running well, creating great products, and knowing their markets.
Let’s check out some of the most profitable businesses in the USA. We’ll explore their profits, market performance, and share some insights about why they’re doing so well.
Here is the list of the most profitable businesses in USA:
Apple made $93.7 billion in profits during 2024, with a 23.96% profit margin on total sales of $391 billion. The iPhone maker stays at the top as one of America's most profitable companies by charging high prices, creating connected services, and keeping customers loyal around the world.
The company makes money from expensive products like iPhone, Mac, and iPad plus growing services that bring in over $85 billion each year. Apple's system of connected products creates ongoing money from App Store, iCloud, and monthly subscriptions while keeping the highest profit margins by selling premium products and running efficiently.
Microsoft earned $86.2 billion in profits for 2024, making impressive money through cloud computing services and business software. The company changed from selling software once to monthly subscription plans that create steady income while reaching more business and regular customers.
Azure cloud services drive big profit growth with 35% yearly increases while Office 365 and other work programs keep performing well. Microsoft's investments in artificial intelligence and business solutions help the company keep growing profits through high-margin software and cloud services.
Alphabet recorded $100.1 billion in profits during 2024, making it the world's most profitable company based on recent earnings. Google's parent company benefits from controlling search advertising money plus growing cloud services and new technology investments across many business areas.
Google Cloud grew 32% to reach $13.6 billion quarterly while YouTube ads and main search services stay strong. The company's different income sources including advertising, cloud services, and hardware create multiple profit areas while investing heavily in artificial intelligence and future technology.
Berkshire Hathaway made $89 billion in profits for 2024, with a 26.4% profit margin showing Warren Buffett's investment methods work well. The investment company owns insurance businesses, manufacturing companies, and big investments in major corporations.
The company's insurance businesses like GEICO create money for investments while operating businesses add steady earnings. Berkshire's stock portfolio including Apple, American Express, and Coca-Cola provides dividend money and growing value while keeping flexibility for buying new companies.
JPMorgan Chase reported $58.5 billion in profits during 2024, leading American banks through complete financial services and trading operations. The bank benefits from different income sources including regular banking, investment banking, and money management services across home and international markets.
Strong performance in trading income, wealth management fees, and business lending drives profits while managing risks carefully. JPMorgan's size advantages and smooth operations create advantages in financial services while giving consistent returns to shareholders through dividends and buying back shares.
Amazon earned $59.2 billion in profits during 2024, mainly from Amazon Web Services cloud computing that contributed about 70% of total operating income despite being only 17% of sales. The online store's high-profit cloud services balance out lower-profit retail operations while creating big cash flows.
AWS leads the cloud infrastructure market with business customers driving recurring income growth and premium pricing power. Amazon's retail operations bring in customers and data insights while Prime membership creates loyalty and extra income through subscription services and advertising.
Saudi Aramco made $105 billion in profits during 2024, staying as the world's most profitable company for the fourth year in a row with amazing profit margins in oil and gas operations. The government-owned energy company benefits from low production costs and complete petroleum operations across the whole process.
Aramco's profits come from great oil reserves with minimal drilling costs plus refining and chemical operations that capture extra value. The company's investments in renewable energy and technology aim to keep profits while adapting to changing global energy markets.
UnitedHealth Group reported $22.1 billion in profits during 2024, leading healthcare companies through combined insurance and healthcare delivery operations. The company benefits from size advantages in health insurance markets while expanding healthcare services through Optum businesses.
Different healthcare operations including pharmacy benefits management, healthcare technology, and provider services create multiple income sources while improving cost management. UnitedHealth's data analysis abilities and integrated care model drive operational efficiency while keeping strong relationships with healthcare providers and drug companies.
Meta Platforms made $45.8 billion in profits during 2024, showing remarkable money-making through dominant social media advertising income and technology investments. The company leads across Facebook, Instagram, and WhatsApp platforms while investing heavily in virtual reality and metaverse technologies.
Advertising income growth continues across all platforms with better targeting abilities and increased user engagement driving higher pricing power. Meta's investments in artificial intelligence and machine learning improve advertising results while Reality Labs division pursues long-term opportunities in virtual and augmented reality applications. Also, let’s not forget the CEO, Mark Zuckerberg. Zuck has been upping his game in MMA and sales. He’s been recruiting some of the best talent in AI to build the future of tomorrow.
Tesla earned $15.0 billion in profits during 2024, leading electric car makers through premium product pricing and new automotive technologies. The company benefits from regulatory credits, energy storage operations, and self-driving software development while expanding global manufacturing capacity.
Car operations drive main profits through industry-leading margins while energy storage and solar services add extra income sources. Tesla's vertical integration plan and manufacturing efficiency improvements continue boosting profits while expanding production abilities across multiple global facilities and product lines.
America's most profitable businesses show amazing financial results. They have positioned themselves well in markets and have released some of the best products in the world. These companies represent different industries while sharing common traits including strong advantages, recurring income models, and careful capital allocation methods. It’s no wonder why they’re the best. You can see how well they made use of the latest technologies. Strong leadership by their CEOs also played a big role in ensuring their continued profits in today’s competitive spaces.
