GOBankingRates

The 25 Most Profitable Companies in the US

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Ken Wolter / Shutterstock.com

The pandemic rolled over America’s small businesses like an avalanche. Some were already struggling and COVID-19 was the final straw. Others were thriving, but thriving in industries like dining or hospitality that were hit first and worst. For other small businesses, the virus was a slow, steady grind that bled their balance sheets drip by drip over many long, hard months.

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Then there were America’s big corporations, which had a much different experience in 2020. For the biggest telecoms, pharmaceutical companies, retail giants, tech corporations and money movers, the pandemic was a gold mine — just another batch of dollars to be harvested. 

In order to find the companies that profited the most during the pandemic, GOBankingRates consulted the 2020 Fortune 500 list and ranked each winner by their profits, but also included data on things like revenue, market value, assets and the number of employees. 

Keep reading to find out which companies had the money and muscle not to survive 2020, but to thrive.

Last updated: May 12, 2021

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25. Merck

  • Fortune 500 rank: 69
  • Profits: $9,843,000,000
  • Profits percent change: 58.2%
  • Revenues: $46,840,000,000
  • Assets: $84,397,000,000
  • Market value: $195,140,500,000
  • Employees: 71,000
  • Profit per employee: $138,633.80

Read More: Popular Brands That Could Disappear in 2021

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24. Walt Disney

  • Fortune 500 rank: 49
  • Profits: $11,054,000,000
  • Profits percent change: -12.3%
  • Revenues: $69,570,000,000
  • Assets: $193,984,000,000
  • Market value: $174,405,400,000
  • Employees: 223,000
  • Profit per employee: $49,569.51

Did You Know: Disney’s 27 Biggest Controversies

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23. Oracle

  • Fortune 500 rank: 82
  • Profits: $11,083,000,000
  • Profits percent change: 189.8%
  • Revenues: $39,506,000,000
  • Assets: $108,709,000,000
  • Market value: $152,412,700,000
  • Employees: 136,000
  • Profit per employee: $81,492.65

Read: Top Environmentally-Friendly Companies To Invest In

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22. Home Depot

  • Fortune 500 rank: 26
  • Profits: $11,242,000,000
  • Profits percent change: 1.1%
  • Revenues: $110,225,000,000
  • Assets: $51,236,000,000
  • Market value: $200,665,000,000
  • Employees: 415,700
  • Profit per employee: $27,043.54

Find Out: Costco and 17 Other Companies That Raised Their Minimum Wage to $15 (or More)

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21. Amazon

  • Fortune 500 rank: 2
  • Profits: $11,588,000,000
  • Profits percent change: 15.0%
  • Revenues: $280,522,000,000
  • Assets: $225,248,000,000
  • Market value: $970,680,100,000
  • Employees: 798,000
  • Profit per employee: $14,521.30

Discover: 23 Secret Ways To Save Money on Amazon

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20. Cisco

  • Fortune 500 rank: 63
  • Profits: $11,621,000,000
  • Profits percent change: 10,464.5%
  • Revenues: $51,904,000,000
  • Assets: $97,793,000,000
  • Market value: $166,709,000,000
  • Employees: 75,900
  • Profit per employee: $153,109.35

Did You Know: Brands With the Most Obsessive Fans

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19. Visa

  • Fortune 500 rank: 137
  • Profits: $12,080,000,000
  • Profits percent change: 17.3%
  • Revenues: $22,977,000,000
  • Assets: $72,574,000,000
  • Market value: $316,199,100,000
  • Employees: 19,500
  • Profit per employee: $619,487.18

Discover: Top 20 Companies for Remote Work in 2021

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18. Comcast NBCUniversal

  • Fortune 500 rank: 28
  • Profits: $13,057,000,000
  • Profits percent change: 11.3%
  • Revenues: $108,942,000,000
  • Assets: $263,414,000,000
  • Market value: $156,533,300,000
  • Employees: 190,000
  • Profit per employee: $68,721.05

Read: Cinnamon Toast Crunch and 9 More Big Brands Who Stumbled During Huge PR Scandals

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17. UnitedHealth Group

  • Fortune 500 rank: 7
  • Profits: $13,839,000,000
  • Profits percent change: 15.5%
  • Revenues: $242,155,000,000
  • Assets: $173,889,000,000
  • Market value: $236,555,200,000
  • Employees: 325,000
  • Profit per employee: $42,581.54

See: Coke Joins Other Consumer Brands in Raising Prices to Offset Higher Costs

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16. AT&T

  • Fortune 500 rank: 9
  • Profits: $13,903,000,000
  • Profits percent change: -28.2%
  • Revenues: $181,193,000,000
  • Assets: $551,669,000,000
  • Market value: $209,387,500,000
  • Employees: 247,800
  • Profit per employee: $56,105.73

Did You Know: 25 Female Fortune 500 CEOs

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15. Fannie Mae

  • Fortune 500 rank: 24
  • Profits: $14,160,000,000
  • Profits percent change: -11.3%
  • Revenues: $120,304,000,000
  • Assets: $3,503,319,000,000
  • Market value: $1,841,400,000
  • Employees: 7,500
  • Profit per employee: $1,888,000.00

Find Out: 6 Companies You Love That Are Now Online-Only

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14. Exxon Mobil

  • Fortune 500 rank: 3
  • Profits: $14,340,000,000
  • Profits percent change: -31.2%
  • Revenues: $264,938,000,000
  • Assets: $362,597,000,000
  • Market value: $160,696,300,000
  • Employees: 74,900
  • Profit per employee: $191,455.27

Fun Facts: 100-Year-Old Companies Still in Business Today

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13. Walmart

  • Fortune 500 rank: 1
  • Profits: $14,881,000,000
  • Profits percent change: 123.1%
  • Revenues: $523,964,000,000
  • Assets: $236,495,000,000
  • Market value: $321,803,300,000
  • Employees: 2,200,000
  • Profit per employee: $6,764.09

Read: 10 Retail Stocks That Could Rally in 2021

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12. Johnson & Johnson

  • Fortune 500 rank: 35
  • Profits: $15,119,000,000
  • Profits percent change: -1.2%
  • Revenues: $82,059,000,000
  • Assets: $157,728,000,000
  • Market value: $345,704,900,000
  • Employees: 132,200
  • Profit per employee: $114,364.60

Find Out: 22 Side Gigs That Can Make You Richer Than a Full-Time Job

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11. Pfizer

  • Fortune 500 rank: 64
  • Profits: $16,273,000,000
  • Profits percent change: 45.9%
  • Revenues: $51,750,000,000
  • Assets: $167,489,000,000
  • Market value: $181,074,900,000
  • Employees: 88,300
  • Profit per employee: $184,292.19

Read: Biggest Product Flops From 20 Major Companies

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10. Facebook

  • Fortune 500 rank: 46
  • Profits: $18,485,000,000
  • Profits percent change: -16.4%
  • Revenues: $70,697,000,000
  • Assets: $133,376,000,000
  • Market value: $475,455,200,000
  • Employees: 44,942
  • Profit per employee: $411,307.91

Related: 17 Companies Facebook Famously Purchased and How They’re Doing Now

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9. Verizon Communications

  • Fortune 500 rank: 20
  • Profits: $19,265,000,000
  • Profits percent change: 24.1%
  • Revenues: $131,868,000,000
  • Assets: $291,727,000,000
  • Market value: $222,220,000,000
  • Employees: 135,000
  • Profit per employee: $142,703.70

Did You Know: Companies With Surprisingly Great 401(k) Plans

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8. Citigroup

  • Fortune 500 rank: 31
  • Profits: $19,401,000,000
  • Profits percent change: 7.5%
  • Revenues: $103,449,000,000
  • Assets: $1,951,158,000,000
  • Market value: $88,376,500,000
  • Employees: 200,000
  • Profit per employee: $97,005.00

Find Out: The Best Companies for Working Moms

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7. Wells Fargo

  • Fortune 500 rank: 30
  • Profits: $19,549,000,000
  • Profits percent change: -12.7%
  • Revenues: $103,915,000,000
  • Assets: $1,927,555,000,000
  • Market value: $117,365,700,000
  • Employees: 259,800
  • Profit per employee: $75,246.34

See More: 10 Steps To Finding a Better Bank

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6. Intel

  • Fortune 500 rank: 45
  • Profits: $21,048,000,000
  • Profits percent change: N/A
  • Revenues: $71,965,000,000
  • Assets: $136,524,000,000
  • Market value: $231,661,900,000
  • Employees: 110,800
  • Profit per employee: $189,963.90

Discover: The Most-Loved Company in Every State

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5. Bank of America

  • Fortune 500 rank: 25
  • Profits: $27,430,000,000
  • Profits percent change: -2.5%
  • Revenues: $113,589,000,000
  • Assets: $2,434,079,000,000
  • Market value: $185,226,900,000
  • Employees: 208,131
  • Profit per employee: $131,792.00

Did You Know: How Much Is Bank of America Worth?

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4. JPMorgan Chase

  • Fortune 500 rank: 17
  • Profits: $36,431,000,000
  • Profits percent change: 12.2%
  • Revenues: $142,422,000,000
  • Assets: $2,687,379,000,000
  • Market value: $276,750,100,000
  • Employees: 256,981
  • Profit per employee: $141,765.34

Read: 40 Legit Companies That Will Pay You To Work From Home

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3. Microsoft

  • Fortune 500 rank: 21
  • Profits: $39,240,000,000
  • Profits percent change: 136.8%
  • Revenues: $125,843,000,000
  • Assets: $286,556,000,000
  • Market value: $1,199,549,700,000
  • Employees: 144,000
  • Profit per employee: $272,500.00

Did You Know: How Much is CEO Satya Nadella Worth?

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2. Apple

  • Fortune 500 rank: 4
  • Profits: $55,256,000,000
  • Profits percent change: -7.2%
  • Revenues: $260,174,000,000
  • Assets: $338,516,000,000
  • Market value: $1,112,640,800,000
  • Employees: 137,000
  • Profit per employee: $403,328.47

Read: Apple Pay and 4 Other Digital Wallets That Are COVID-Safe

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1. Berkshire Hathaway

  • Fortune 500 rank: 6
  • Profits: $81,417,000,000
  • Profits percent change: 1,924.8%
  • Revenues: $254,616,000,000
  • Assets: $817,729,000,000
  • Market value: $442,897,100,000
  • Employees: 391,500
  • Profit per employee: $207,961.69

More From GOBankingRates

Methodology: In order to find the most profitable companies in the U.S., GOBankingRates looked at Fortune.com’s 2020 Fortune 500 data to source the 25 U.S.-based companies with the largest (1) profits in 2020. GOBankingRates also found for each company: (2) Fortune 500 2020 rank; (3) profits percent change from 2019; (4) revenues in 2020; (5) assets for 2020; (6) market value; (7) total employees; and (8) profit per employee. All data were collected and up to date as of May 3, 2021.