Business Visualizations

America’s Most Valuable Companies Ranked by Profit per Employee

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Ever wonder how much money major corporations make per employee? Profit Per Employee (PPE) is determined by dividing the company’s profit by the company’s quantity of full-time employees. The most profitable companies may not necessarily be the most profitable by number of employees—and vice versa. Whenever the economy is uncertain, this formula is usually one of the metrics companies will monitor to determine the efficiency and productivity of their staff. Using data over profit and company size from 2023, our team at The Chartistry has ranked the top 50 companies with the highest profit per worker.

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With a profit of nearly $2 million for each of their 9,500 employees, ConocoPhillips ranks first for highest profit per employee by quite the large margin. ConocoPhillips, an American oil and gas producer, saw a total profit almost $18.7 billion in 2023. Since oil and gas are two of the most valuable energy commodities in the world, it is not uncommon for an energy company to rank high in terms of PPE since their net profit is typically quite expansive. Of the top 50 companies with the highest profit for every employee, six of them can be categorized under the energy sector.

Coming in second place, Prologis is an investment trust company that saw a total profit of $3.4 billion in 2023. This profit was divided by their 2,466 employees to end with a profit of $1.36 million per employee.

In third, there is the tobacco company Altria Group. Altria Group’s 2023 profit of $5.8 billion was divided by 6,300 employees to result in a profit per employee of $915 thousand. Tobacco is yet another commodity product, with only one other tobacco company making the top 50 ranking.

Exxon Mobil is another oil and gas company with high profit per employee, coming in fourth place. Out of their profit of $55.7 million in 2023, their 62,000 employees averaged a profit of $899 thousand each.

Rounding out the top 5 companies is Chevron, the third oil and gas energy company in the top companies by profit per employee. With a total profit of $35.3 million, their PPE comes out to $809 thousand for each of their 43,846 employees.

Some companies land rank in both the most profitable in the world overall as well as in profit per worker. Apple, for example, brought in a 2023 profit of nearly a $100 billion. The company itself is valued at a total of $2.1 trillion. They managed a PPE of $609 thousand for their 164,000 employees, making them seventh among all companies.

Why is Profit per Employee Important?

For every company with an impressive profit per employee, there are tens, hundreds, even thousands of people working at the front line and behind the scenes to keep operations running as smoothly and efficiently as possible. PPE, not to be confused with Revenue per Employee, is a way for the company to measure the performance and productivity of the average employee in any given workforce to judge their added value. In other words, a way to know if their investment in hiring, retaining, and training their employees returned desirable results. Of course, it isn’t and shouldn’t be the only method to judge the value of an employee. When used in combination with other metrics, however, it can be a helpful tool to see the what employees have brought to the company.

For the majority of situations, a healthy profit per employee will be a good indicator of the health of the company at large. It shows that the business is properly maximizing the streamlining of their operations and utilizing the talent of each employee. This performance can mean that an underwhelming PPE may lead to cost-cutting measures for the company. Oftentimes, this is in the form of employee layoffs in areas that may not be contributing to the overall profit.

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The Profit per Employee of the Largest Companies in the U.S. By Market Cap (The Full List)

Which corporations have the highest revenue per employee? Companies that are able to do more with less:

Rank  Name  Type of Company  2023 Profits (in Millions)  Number of Employees in 2023  Profit per Employee in 2023 
ConocoPhillips  Energy  $18,680  9,500  $1,966,316 
Prologis  Real Estate Investment Trust  $3,364.9  2,466  $1,364,517 
Altria Group  Tobacco  $5,764  6,300  $914,921 
Exxon Mobil  Energy  $55,740  62,000  $899,032 
Chevron  Energy  $35,465  43,846  $808,854 
Vertex Pharmaceuticals  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $3,322  4,800  $692,083 
Apple  Technology, Consumer Goods  $99,803  164,000  $608,555 
Broadcom  Semiconductor  $11,495  20,000  $574,750 
Visa  Financial  $14,957  26,500  $564,415 
10  Pfizer  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $31,372  83,000  $377,976 
11  Regeneron  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $4,338.4  11,851  $366,079 
12  Netflix  Video Streaming Services  $4,491.9  12,800  $350,930 
13  Mastercard  Financial  $9,930  29,900  $332,107 
14  Microsoft  Technology  $72,738  221,000  $329,131 
15  Alphabet  Technology  $59,972  190,234  $315,254 
16  Airbnb  Travel  $1,893  6,811  $277,933 
17  American Tower  Real Estate Investment Trust  $1,765.8  6,391  $276,295 
18  NextEra Energy  Energy  $4,147  15,300  $271,046 
19  Gilead Sciences  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $4,592  17,000  $270,118 
20  Meta Platforms  Technology  $23,200  86,482  $268,264 
21  Texas Instruments  Semiconductor  $8,749  33,000  $265,121 
22  BlackRock  Financial  $5,178  19,800  $261,515 
23  Amgen  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,552  25,200  $260,000 
24  Qualcomm  Semiconductor  $12,936  51,000  $253,647 
25  AbbVie  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $11,836  50,000  $236,720 
26  Goldman Sachs Group  Financial  $11,261  48,500  $232,186 
27  Merck  Health (Including Animals)  $14,519  68,000  $213,515 
28  Union Pacific  Railroad  $6,998  33,179  $210,917 
29  Charles Schwab  Financial  $7,183  35,300  $203,484 
30  Applied Materials  Semiconductor  $6,525  33,000  $197,727 
31  Bristol-Myers Squibb  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,327  34,300  $184,461 
32  Verizon Communications  Telecommunications  $21,256  117,100  $181,520 
33  Nvidia  Technology  $4,368  26,196  $166,743 
34  Adobe  Technology  $4,756  29,239  $162,659 
35  Eli Lilly  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,244.8  39,000  $160,123 
36  Zoetis  Health (Including Animals)  $2,114  13,800  $153,188 
37  Booking Holdings  Travel  $3,058  21,492  $142,286 
38  Cisco Systems  Technology  $11,812  83,300  $141,801 
39  Procter & Gamble  Consumer goods  $14,742  106,000  $139,075 
40  Morgan Stanley  Financial  $11,029  82,427  $133,803 
41  JPMorgan Chase  Financial  $37,676  293,723  $128,271 
42  Southern Company  Energy  $3,524  27,562  $127,857 
43  Bank of America  Financial  $27,528  216,823  $126,961 
44  Johnson & Johnson  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $17,941  152,700  $117,492 
45  Coca-Cola  Consumer Goods  $9,542  82,500  $115,661 
46  Philip Morris International  Tobacco  $9,048  79,800  $113,383 
47  Analog Devices  Semiconductor  $2,748.6  24,450  $112,417 
48  Intuitive Surgical  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $1,322.3  12,120  $109,101 
49  Tesla  Automotive, Energy  $12,556  127,855  $98,205 
50  American Express  Financial  $7,514  77,300  $97,206 
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Business Visualizations

Most Mattress Brands Are Owned by a Handful of Companies

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When you visit a mattress store or browse through mattress options online, there are a lot of choices that make us feel like we’re choosing from dozens of options from a wide variety of companies. But this choice is an illusion, as a handful of corporations actually own these brands and control large portions of the mattress and bedding industries. The team at NapLab breaks down ownership of the most recognizable mattress companies. Their work shows us that brand diversity is often a mask for a limited corporate structure.

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Which Companies Own Which Mattress Brands?

One of the biggest shareholders of the mattress industry is Somnigroup International. They used be called Tempur Sealy International, a name you probably recognize. What you might not realize is that this company owns brands like Tempur-Pedic, Sealy, Stearns & Foster, Sherwood Bedding, and Sleepy’s. They also own the entire extensive Mattress Firm retail store network. This makes Somnigroup International a powerful driving force in mattress sales and distribution.

Another big player in the industry is Serta Simmons Bedding LLC (SSB). They own classic brand names like Simmons, Serta, Beautyrest, and Tuft & Needle. SSB has had its share of financial challenges, including filing for Chapter 11 bankruptcy in 2023, but it still continues to own a significant share of the American mattress market.

Not all these owners are giant manufacturers. Ashley Global Retail is best known for furniture, but it entered the mattress market when it acquired the Resident Home family of brands, which includes Nectar, Awara, Siena, DreamCloud, and Ashley Sleep. These options encompass both luxury and budget-friendly mattress brands.

3Z Brands is a key player in the direct-to-consumer mattress sales space. They own the brands Helix Sleep, Bear, Brooklyn Bedding, Leesa, and Nolah. These brands represent the share of shoppers who prefer buying a mattress online rather than dealing with retailers and sales representatives.

Saatva Inc. used to focus solely on selling luxury mattresses online, but in 2023, it merged with Bedding Industries of America. The merger added other brands to their roster, including Eclipse, Millbrook, Ernest Hemingway, and Eastman House, in addition to Saatva’s name brand of products.

We also see some international companies represented here. GoodMorning.com, formerly known as Novosbed, is a Canadian company that primarily sells to the U.S. market, encompassing the brands Octave, Juno, Douglas, and Logan & Cove.

The Flex Bedding Group is Spanish-owned and sells luxury and niche products to Americans, including the high-end brands Marshall Mattress, E.S. Kluft & Co., Kluft, Aireloom, and Vispring.

Understanding which companies own these mattress brands helps consumers make informed choices. It also helps us understand that brands might appear vastly different, but in reality, they’re under the same corporate umbrella, which influences everything from pricing to marketing to manufacturing.

This brand consolidation isn’t any different from many other industries, like beer and skincare, but it does raise consumer concerns about true choice and industry competition.

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Business Visualizations

Ranking States by Workplace Cleanliness

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The team at Stratus Building Solutions reveals which states have the cleanest and dirtiest workplaces in a new study. Cleanliness is often an overlooked but powerful influence on workers’ health, happiness, and productivity. People who work in an office spend many hours there and have a right to a clean, safe space to work, whether that’s at their desk, in the breakroom, or in the bathroom. The team’s study reveals that cleanliness depends on more than company policy and culture. It’s impacted by resources and state laws. While some states mandate rules that boost workers’ health and safety, other locations lack such protections and put workers at risk.

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Which State Has the Cleanest (and Dirtiest) Workplaces?

The team created a scoring system based on some key criteria. First was the number of OSHA violations. OSHA is the Occupational Safety and Health Administration, which sets federal workplace safety standards, including sanitation standards. A state with a high number of OSHA sanitation violations is a clear sign of dirty workplaces. These violations could include unclean restrooms, inadequate waste disposal, or the presence of mold and bacteria. The team also examined the number of janitors per capita, population density, air pollution, and sick leave laws in each state.

The team found that these states were the cleanest with the highest scores:

  • Nebraska
  • Colorado
  • North Dakota
  • South Dakota
  • Washington
  • Missouri
  • Montana
  • Idaho
  • Michigan
  • New Mexico

The top scorers had low rates of OSHA violations, clean air, and high janitor-to-population ratios. State laws mandating sick leave also play a major role, as workers are more likely to stay home rather than bring germs to work.

These were the states that struggled the most with these standards:

  • Tennessee
  • North Carolina
  • Mississippi
  • Virginia
  • Connecticut
  • Oregon
  • Nevada
  • Rhode Island
  • Alabama
  • New Jersey
  • Pennsylvania

Many of these states are on the dirty end of the spectrum, lacking paid sick leave. Tennessee, Mississippi, and North Carolina do not have laws on paid sick leave, which, when combined with the absence of handwashing stations and disinfecting services, makes the workplace a petri dish for germs. We also see heavily populated states like New York and New Jersey on the low end of the spectrum because more people means a greater challenge to clean up waste and keep germs at bay. High populations also mean bigger cities and more air pollution. We do see, however, that lower population density doesn’t necessarily mean cleaner workplaces, as Vermont was near the bottom of the list and has a small population.

Clean workplaces are healthy workplaces. Dust, germs, and air pollution lead to gastrointestinal and respiratory problems among workers. Simple precautions like regularly disinfecting surfaces, installing handwashing stations, and removing dust can boost the cleanliness of the office and the health of workers. Healthy workers mean better productivity and greater safety for all. Not only will a clean space improve worker experience, but OSHA violations can be very costly. The team’s study provides fascinating insights into what affects workplace cleanliness.

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Business Visualizations

New Study Examines Language Used to Let Employees Go

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Letting an employee go is an unpleasant experience for everyone involved, but language has the power to guide the emotions surrounding an interaction. While the right words won’t erase the bad side of being let go, they can help the employee in question understand why the situation is happening and make them feel seen and heard. Preply leaned into the language aspects in these situations with a study examining the most common phrases and words used when letting an employee go and how employers and employees felt about the situation.

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Study unveils the most common words managers use when letting employees go

Overall, the team found that these were the most common phrases used:

  • Letting you go
  • Effective immediately
  • Terminating your employment
  • This isn’t working out
  • No longer require services
  • Parting ways
  • Ending your employment
  • No longer needed
  • Relieved of duties
  • Ending our working relationship

Managers and employees seem to agree that lack of empathy and responsibility were the most common complaints about the process. One in six managers say they regret the words they chose when firing someone, and 92% feel they need more training on how to handle such situations. Employees wanted their managers to focus on clarity, compassion, empathy, and honesty when firing an employee.

The team studied changes that both managers and employees would like to see in the firing process.

These are the six things employees want to see improved:

  • Better explanation
  • Better empathy
  • Taking responsibility rather than avoiding blame
  • Face-to-face conversation rather than electronic
  • Fewer team members involved in the firing
  • Don’t compare fellow employees

Here’s how that compares to changes managers would like to make to the process:

  • Better explanation
  • Better empathy
  • Face-to-face conversation rather than electronic
  • Don’t compare fellow employees
  • Taking responsibility rather than avoiding blame
  • Fewer team members involved in firing

These are similar answers, but we can see that the two groups ranked their importance differently. Overall, 92% of Americans think managers could benefit from some language training when it comes to firing someone. Empathy and honesty were high on the list of employee wishes, indicating that understanding can help give them closure on the job, and empathy softens the blow. Not many managers would prefer a face-to-face meeting. Only 1 in 6 prefer this to virtual meetings, which seem to be the most common option.

Only 55% of managers have received training on how to fire someone, and with many of them regretting their language choices, it seems that many managers would benefit from some education in business language and communication. Notice that many of the top phrases are more professional ways to say “fired,” like “letting you go,” “terminating,” and “no longer require.”

When managing a team, empathy and clear language are crucial. These skills can help managers excel at many tasks beyond having to let an employee go. But when a situation like firing someone is emotionally charged, the language used becomes more important than ever. Hopefully, the team’s study can help managers reflect on how they go about the process.

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