In this article, we discuss 5 of the biggest Dow companies by market cap. If you want to see more of the biggest Dow companies by market cap, go directly to 15 Biggest Dow Companies By Market Cap.
5. Visa Inc. (NYSE:V)
Market Capitalization as of 10/19: $389.96 billion
Visa Inc. (NYSE:V) is a payments giant that’s worth almost $390 billion as of 10/19. Although a slower U.S. or global economy could mean less payments and hence potentially less growth for the company, Visa Inc. (NYSE:V) remains well positioned in the long term.
Wedgewood Partners commented on Visa Inc. (NYSE:V) in their Q3 2022 investor letter,
“Visa Inc. (NYSE:V) continues to report strong double-digit growth in payment volumes throughout the first two months of the calendar third quarter. The stock suffered after concerns about potential adverse legislation related to its credit card routing practices began to surface. Similar legislation related to the Company’s debit routing practices was passed into law back in 2010. Not unlike the previous legislation, the Company’s value proposition to merchants, consumers and bank-issuing customers and acquirers is robust enough to help blunt the potential effects the legislation might have in the near term. Over a multiyear time horizon, it would be quite difficult for any currently non-existent or even sub-scale credit routing network to add the value that Visa (or MasterCard) can already add today.”
As of 10/19, Visa Inc. (NYSE:V) ranks #5 on our list of 15 Biggest Dow Companies By Market Cap.
4. Johnson & Johnson (NYSE:JNJ)
Market Capitalization as of 10/19: $434.82 billion
Johnson & Johnson (NYSE:JNJ) is a healthcare giant that giant that recently reported Q3 adjusted EPS of $2.55 versus the consensus of $2.48. Revenue for the period was $23.8 billion, versus the consensus of $23.34 billion. While Johnson & Johnson (NYSE:JNJ) faces headwinds if the economy worsens, the company nevertheless is confident in growth given its breadth of portfolio. Given Johnson & Johnson (NYSE:JNJ) has been growing for many decades, the stock is the fourth most valuable Dow stock by market capitalization.
3. UnitedHealth Group Inc. (NYSE:UNH)
Market Capitalization as of 10/19: $483.64 billion
UnitedHealth Group Inc. (NYSE:UNH) is one of the leading managed healthcare and insurers in the world. Through M&A and organic growth, UnitedHealth Group Inc. (NYSE:UNH) has increased its annual net income from slightly over $5.1 billion in 2011 to almost $17.3 billion last year. UnitedHealth Group Inc. (NYSE:UNH)’s EPS has also increased substantially over that time. Given its profitability and its businesses, UnitedHealth Group Inc. (NYSE:UNH) has a market capitalization of $483.64 billion as of 10/19.
2. Microsoft Corporation (NASDAQ:MSFT)
Market Capitalization as of 10/19: $1,807.47 billion
Microsoft Corporation (NASDAQ:MSFT) is a leading tech company that’s worth over $1.8 trillion as October 19, making it #2 on our list of 15 Biggest Dow Companies By Market Cap. Given its growing cloud business, Microsoft Corporation (NASDAQ:MSFT)’s recurring sales have increased substantially over the last 10 years, and Microsoft Corporation (NASDAQ:MSFT) has benefited from the trend with higher earnings and arguably a higher valuation.
1. Apple Inc. (NASDAQ:AAPL)
Market Capitalization as of 10/19: $2,388.96 billion
With a market cap of almost $2.4 trillion as of October 19, Apple Inc. (NASDAQ:AAPL) is the most valuable company listed on the Dow. Apple Inc. (NASDAQ:AAPL) is also the most valuable company in the world.
Given how popular its iPhones are, Apple Inc. (NASDAQ:AAPL) is very profitable. According to Macrotrends.com, the company reported annual net income of almost $94.7 billion last year, versus $25.9 billion in 2011. Although Apple Inc. (NASDAQ:AAPL) depends heavily on the iPhone for its profitability, the company has been able to retain its users and increase demand over time.
If it can continue to increase demand and increase its EPS, Apple Inc. (NASDAQ:AAPL) could remain one of the most valuable companies on the Dow in the future.
You can also take a look at 10 Most Valuable Internet Companies in 2000 vs. Today and 10 Biggest Industries In the US.
