Research Highlights
Apple is the world's largest manufacturing company with $391 billion in revenue for 2024, followed by Volkswagen Group ($337 billion) and Toyota Motor Corp. ($287 billion).
- The top 50 manufacturing companies generated combined revenue of over $6 trillion in 2024
- 15 of the top 50 companies are in the automotive sector, making it the most represented industry
- Asian companies dominate with 22 of the top 50 manufacturers based in Asia
- As a single country, United States has the most manufacturing companies in the top 50 with 17, with China as a close second with 13
- The most profitable companies per dollar of revenue are Nvidia with a 56% profit margin, TSMC with a 40% profit margin, and Merck with a 27% profit margin.
- 5 companies on the list reported losses in 2024, including Intel (-$19.2B), Boeing (-$11.8B) and Nissan (-$4.3B)
- The world's largest employer in the manufacturing sector is Chinese electric car manufacturer BYD with 968,900 people
The Top 20 Manufacturing Companies in the World (2025)
1. Apple Inc.
Country: United States
Industry: Electronics
Revenue: $391.0 billion
Net Profit: $93.7 billion
Employees: 164,000
Apple designs and manufactures consumer electronics, including the iPhone, iPad, Mac computers, Apple Watch, and related accessories. The company also produces software and services but derives most revenue from hardware sales. Apple operates one of the world's most efficient supply chains, with manufacturing primarily contracted to partners in Asia.
2. Volkswagen Group
Country: Germany
Industry: Automotive
Revenue: €324.7 billion ($337.3 billion)
Net Profit: €12.4 billion ($12.9 billion)
Employees: 682,724
Volkswagen Group is the world's largest automotive manufacturer by revenue. The company produces vehicles under 12 brands including Volkswagen, Audi, Porsche, SEAT, Škoda, Bentley, Lamborghini, and Ducati. With over 680,000 employees, it's also one of the world's largest employers in manufacturing.
3. Toyota Motor Corp.
Country: Japan
Industry: Automotive
Revenue: ¥45.1 trillion ($286.6 billion)
Net Profit: ¥5.07 trillion ($32.2 billion)
Employees: 375,235
Toyota manufactures passenger cars, trucks, and commercial vehicles under the Toyota, Lexus, and Daihatsu brands. The company pioneered the Toyota Production System, which became the foundation for lean manufacturing worldwide. Toyota sold over 10 million vehicles globally in 2024.
4. Hon Hai Precision Industry (Foxconn)
Country: Taiwan
Industry: Electronics
Revenue: NT$6.86 trillion ($209.4 billion)
Net Profit: NT$172.7 billion ($5.3 billion)
Employees: 634,077
Foxconn is the world's largest electronics contract manufacturer, producing devices for Apple, Sony, Microsoft, and other major brands. The company manufactures smartphones, computers, gaming consoles, and components at facilities across China, India, Vietnam, and other locations.
5. Samsung Electronics
Country: South Korea
Industry: Electronics
Revenue: ₩300.9 trillion ($203.5 billion)
Net Profit: ₩34.5 trillion ($23.3 billion)
Employees: 270,372
Samsung Electronics produces semiconductors, consumer electronics, and home appliances. The company is a leading manufacturer of memory chips, smartphones (Galaxy series), televisions, and displays. Samsung's semiconductor division supplies components to competitors and partners worldwide.
6. General Motors
Country: United States
Industry: Automotive
Revenue: $187.4 billion
Net Profit: $6.0 billion
Employees: 162,000
GM manufactures vehicles under brands including Chevrolet, GMC, Cadillac, and Buick. The company produces trucks, SUVs, electric vehicles, and passenger cars primarily for the North American market. GM is investing heavily in electric vehicle production with plans for multiple new EV models.
7. Ford Motor Company
Country: United States
Industry: Automotive
Revenue: $185.0 billion
Net Profit: $5.9 billion
Employees: 171,000
Ford manufactures trucks, SUVs, and passenger vehicles under the Ford and Lincoln brands. The company's F-Series pickup trucks have been America's best-selling vehicles for over 40 years.
8. Stellantis N.V.
Country: Netherlands
Industry: Automotive
Revenue: €156.9 billion ($163.0 billion)
Net Profit: €5.52 billion ($5.7 billion)
Employees: 248,243
Stellantis was formed in 2021 from the merger of Fiat Chrysler Automobiles and PSA Group. The company produces vehicles under 14 brands including Jeep, Ram, Dodge, Peugeot, Citroën, Opel, Fiat, and Alfa Romeo. Stellantis operates manufacturing facilities across Europe, North America, and South America.
9. China Railway No. 5 Engineering Group
Country: China
Industry: Infrastructure
Revenue: RMB 1.16 trillion ($159.0 billion)
Net Profit: RMB 30.8 billion ($4.2 billion)
Employees: 297,359
China Railway No. 5 Engineering Group constructs railways, highways, bridges, and urban infrastructure. The company builds high-speed rail lines, metro systems, and large-scale civil engineering projects across China and in Belt and Road Initiative countries.
10. Cargill, Inc.
Country: United States
Industry: Food & Beverage
Revenue: $154.0 billion
Net Profit: $3.6 billion
Employees: 155,000
The largest privately held company in America. Cargill produces and distributes agricultural products, food ingredients, and animal feed. Cargill processes crops, produces meat products, and manufactures food ingredients for industrial customers worldwide.
11. SK Group
Country: South Korea
Industry: Semiconductors
Revenue: $148.3 billion
Net Profit: $13.0 billion
Employees: 113,590
SK Group is a conglomerate with major operations in semiconductors, batteries, and petrochemicals. SK Hynix manufactures memory chips, while SK Innovation produces EV batteries. The group also operates energy, telecommunications, and chemicals businesses.
12. Mercedes-Benz Group
Country: Germany
Industry: Automotive
Revenue: $145.6 billion
Net Profit: $10.4 billion
Employees: 175,264
Mercedes-Benz manufactures luxury passenger cars and commercial vehicles. The company produces vehicles under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, and Mercedes-EQ (electric) brands. Mercedes-Benz is one of the most profitable automotive manufacturers globally.
13. BMW Group
Country: Germany
Industry: Automotive
Revenue: $143.4 billion
Net Profit: $7.7 billion
Employees: 159,104
BMW produces premium automobiles and motorcycles under the BMW, Mini, and Rolls-Royce brands. The company manufactures luxury sedans, SUVs, sports cars, and electric vehicles at facilities in Germany, the United States, China, and other locations.
14. Sinochem Holdings
Country: China
Industry: Chemicals
Revenue: $143.2 billion
Net Profit: -$3.7 billion
Employees: 203,727
Sinochem operates in chemicals, petroleum, fertilizers, and agricultural products. The company produces and distributes chemical materials, refined petroleum products, and specialty chemicals for industrial and agricultural applications.
15. Honda Motor Co.
Country: Japan
Industry: Automotive
Revenue: $142.3 billion
Net Profit: $5.5 billion
Employees: 194,173
Honda manufactures automobiles, motorcycles, and power equipment. The company is the world's largest motorcycle manufacturer and produces popular vehicle models including the Civic, Accord, and CR-V. Honda also manufactures generators, lawn equipment, and marine engines.
16. Nvidia
Country: United States
Industry: Semiconductors
Revenue: $130.5 billion
Net Profit: $72.9 billion
Employees: 36,000
Nvidia designs and manufactures graphics processing units (GPUs) and system-on-chip units for gaming, professional visualization, data centers, and automotive applications. The company's GPUs power AI training and inference, making Nvidia a critical supplier for AI development.
17. China Baowu Steel Group
Country: China
Industry: Metals
Revenue: $125.1 billion
Net Profit: $2.5 billion
Employees: 237,100
China Baowu is the world's largest steel producer by output. The company manufactures steel products for construction, automotive, shipbuilding, and manufacturing industries. Baowu operates steel mills across China and has international operations in multiple countries.
18. Hengli Group
Country: China
Industry: Chemicals
Revenue: $121.1 billion
Net Profit: $816 million
Employees: 211,360
Hengli Group produces polyester, petrochemicals, and textile products. The company operates integrated facilities that produce PTA (purified terephthalic acid), polyester fibers, and fabrics. Hengli supplies materials to the global textile and apparel industries.
19. Hyundai Motor Co.
Country: South Korea
Industry: Automotive
Revenue: ₩175.23 trillion ($118.5 billion)
Net Profit: ₩13.23 trillion ($8.9 billion)
Employees: 126,407
Hyundai manufactures passenger cars and commercial vehicles under the Hyundai and Genesis brands. The company produces sedans, SUVs, and electric vehicles at facilities in South Korea, the United States, India, and other countries. Hyundai is expanding its electric vehicle lineup significantly.
20. Huawei
Country: China
Industry: Electronics
Revenue: $118.2 billion
Net Profit: $8.6 billion
Employees: 208,000
Huawei manufactures telecommunications equipment, smartphones, and enterprise technology solutions. The company produces 5G network equipment, servers, storage systems, and consumer devices. Despite trade restrictions, Huawei remains one of the world's largest telecommunications equipment manufacturers.
Companies Ranked 21-50
21. China Minmetals
Country: China | Industry: Metals | Revenue: $115.8 billion | Net Profit: $924 million | Employees: 170,430
China Minmetals produces and trades metals and minerals including iron ore, copper, zinc, and rare earths. The company operates mines, smelters, and trading operations.
22. BYD
Country: China | Industry: Automotive | Revenue: ¥777.1 billion ($106.5 billion) | Net Profit: ¥40.25 billion ($5.5 billion) | Employees: 968,900
BYD manufactures electric vehicles, batteries, and electronics. The company is one of the world's largest EV manufacturers and produces batteries for vehicles and energy storage.
23. Nestlé S.A.
Country: Switzerland | Industry: Food & Beverage | Revenue: CHF 93.3 billion ($102.8 billion) | Net Profit: CHF 11.2 billion ($12.3 billion) | Employees: 277,000
Nestlé produces food and beverage products including coffee, bottled water, dairy products, confectionery, and pet food under brands like Nespresso, KitKat, and Purina.
24. Tesla
Country: United States | Industry: Automotive | Revenue: $95.6 billion | Net Profit: $5.1 billion | Employees: 125,665
Tesla manufactures electric vehicles, battery energy storage systems, and solar panels. The company produces the Model S, Model 3, Model X, Model Y, and Cybertruck.
25. Robert Bosch GmbH
Country: Germany | Industry: Industrial Equipment | Revenue: €90.3 billion ($93.5 billion) | Net Profit: €1.3 billion ($1.3 billion) | Employees: 417,859
Bosch produces automotive components, power tools, home appliances, and industrial technology. The company supplies parts and systems to virtually every automotive manufacturer.
26. PepsiCo, Inc.
Country: United States | Industry: Food & Beverage | Revenue: $91.9 billion | Net Profit: $9.6 billion | Employees: 318,000
PepsiCo manufactures beverages and snack foods including Pepsi, Mountain Dew, Lay's, Doritos, and Quaker products.
27. Johnson & Johnson
Country: United States | Industry: Pharmaceuticals | Revenue: $88.8 billion | Net Profit: $14.1 billion | Employees: 138,100
Johnson & Johnson produces pharmaceuticals, medical devices, and consumer health products including Band-Aid, Tylenol, and Listerine.
28. Dell Technologies
Country: United States | Industry: Electronics | Revenue: $88.4 billion | Net Profit: $3.2 billion | Employees: 120,000
Dell manufactures personal computers, servers, data storage devices, and network equipment for consumers and enterprises.
29. Taiwan Semiconductor Manufacturing Company (TSMC)
Country: Taiwan | Industry: Semiconductors | Revenue: $88.3 billion | Net Profit: $35.3 billion | Employees: 83,825
TSMC is the world's largest dedicated semiconductor foundry, manufacturing chips for Apple, Nvidia, AMD, and other fabless chip designers.
30. Archer Daniels Midland
Country: United States | Industry: Food & Beverage | Revenue: $85.5 billion | Net Profit: $1.8 billion | Employees: 44,043
ADM processes agricultural commodities into food ingredients, animal feed, and biofuels. The company operates grain elevators, processing plants, and transportation networks.
31. SAIC Motor
Country: China | Industry: Automotive | Revenue: ¥627.6 billion ($85.0 billion) | Net Profit: ¥1.7 billion ($228 million) | Employees: 187,739
SAIC manufactures passenger vehicles and commercial vehicles through joint ventures with Volkswagen and General Motors, as well as its own brands.
32. Procter & Gamble
Country: United States | Industry: Consumer Goods | Revenue: $84.3 billion | Net Profit: $16.0 billion | Employees: 109,000
P&G produces consumer goods including Tide, Pampers, Gillette, Oral-B, and Crest.
33. Aviation Industry Corporation of China (AVIC)
Country: China | Industry: Aerospace & Defense | Revenue: $82.7 billion | Net Profit: $1.6 billion | Employees: 384,000
AVIC manufactures military and civilian aircraft, helicopters, avionics, and aerospace components.
34. Sony
Country: Japan | Industry: Electronics | Revenue: ¥12.87 trillion ($81.8 billion) | Net Profit: ¥957.4 billion ($6.1 billion) | Employees: 113,000
Sony produces consumer electronics, gaming consoles (PlayStation), semiconductors, and entertainment content.
35. RTX Corporation
Country: United States | Industry: Aerospace & Defence | Revenue: $80.7 billion | Net Profit: $4.8 billion | Employees: 186,000
RTX (formerly Raytheon Technologies) manufactures aircraft engines, aerospace systems, and defense technologies through Pratt & Whitney and Collins Aerospace.
36. Nissan Motor
Country: Japan | Industry: Automotive | Revenue: ¥12.6 trillion ($80.3 billion) | Net Profit: ¥-670.9 billion (-$4.3 billion) | Employees: 133,580
Nissan manufactures automobiles under the Nissan, Infiniti, and Datsun brands.
37. Sinopharm
Country: China | Industry: Pharmaceuticals | Revenue: ¥584.5 billion ($80.1 billion) | Net Profit: ¥7.0 billion ($966 million) | Employees: 108,217
Sinopharm manufactures and distributes pharmaceuticals, vaccines, and medical devices across China.
38. China FAW Group
Country: China | Industry: Automotive | Revenue: $77.7 billion | Net Profit: $836 million | Employees: 121,737
FAW manufactures passenger cars, trucks, and buses through its own brands and joint ventures with Volkswagen and Toyota.
39. JBS S.A.
Country: Brazil | Industry: Food & Beverage | Revenue: $77.2 billion | Net Profit: $2.6 billion | Employees: 270,000
JBS processes beef, pork, poultry, and prepared foods. The company is the world's largest meat processing company.
40. Siemens
Country: Germany | Industry: Industrial Equipment | Revenue: $75.9 billion | Net Profit: $9.0 billion | Employees: 327,000
Siemens manufactures industrial equipment, automation systems, medical technology, and infrastructure technology.
41. Airbus
Country: France | Industry: Aerospace & Defence | Revenue: €69.23 billion ($71.7 billion) | Net Profit: €4.23 billion ($4.4 billion) | Employees: 156,921
Airbus manufactures commercial aircraft (A320, A330, A350), helicopters, and defense systems.
42. Lockheed Martin
Country: United States | Industry: Aerospace & Defence | Revenue: $71.0 billion | Net Profit: $5.3 billion | Employees: 121,000
Lockheed Martin manufactures military aircraft, missiles, spacecraft, and defense systems including the F-35 fighter jet.
43. Lenovo
Country: China | Industry: Electronics | Revenue: $69.1 billion | Net Profit: $1.5 billion | Employees: 72,000
Lenovo manufactures personal computers, laptops, tablets, smartphones, and data center equipment.
44. Hoffmann-La Roche
Country: Switzerland | Industry: Pharmaceuticals | Revenue: CHF 62.39 billion ($68.7 billion) | Net Profit: CHF 9.19 billion ($10.1 billion) | Employees: 103,249
Roche produces pharmaceuticals and diagnostics including cancer treatments and COVID-19 tests.
45. BASF SE
Country: Germany | Industry: Chemicals | Revenue: €65.3 billion ($67.6 billion) | Net Profit: €1.3 billion ($1.3 billion) | Employees: 111,822
BASF manufactures chemicals, plastics, agricultural products, and specialty materials for industrial applications.
46. Beijing Automotive Group
Country: China | Industry: Automotive | Revenue: $67.2 billion | Net Profit: $88 million | Employees: 97,000
BAIC manufactures passenger cars and commercial vehicles through joint ventures with Daimler and Hyundai, plus its own brands.
47. Boeing
Country: United States | Industry: Aerospace & Defence | Revenue: $66.5 billion | Net Profit: -$11.8 billion | Employees: 172,000
Boeing manufactures commercial aircraft (737, 777, 787), military aircraft, satellites, and defense systems.
48. Caterpillar
Country: United States | Industry: Industrial Equipment | Revenue: $64.8 billion | Net Profit: $10.8 billion | Employees: 112,900
Caterpillar manufactures construction equipment, mining equipment, diesel engines, and industrial gas turbines.
49. Merck
Country: United States | Industry: Pharmaceuticals | Revenue: $64.2 billion | Net Profit: $17.1 billion | Employees: 75,000
Merck produces pharmaceuticals, vaccines, and animal health products including Keytruda and Gardasil.
50. Pfizer Inc.
Country: United States | Industry: Pharmaceuticals | Revenue: $63.6 billion | Net Profit: $8.0 billion | Employees: 88,000
Pfizer produces pharmaceuticals and vaccines including treatments for oncology, immunology, cardiovascular disease, and rare diseases. The company's vaccine portfolio includes Comirnaty (COVID-19) and Prevnar (pneumococcal).
Additional Major Manufacturers with Revenue > $50B (places 51-67)
51. Unilever | UK | Consumer Goods | €60.8B ($62.9B) revenue | €6.4B ($6.6B) profit | 128,000 employees
52. IBM | USA | Electronics | $62.7B revenue | $6.0B profit | 270,300 employees
53. ArcelorMittal | Luxembourg | Metals | $62.4B revenue | $1.3B profit | 125,416 employees
54. Hitachi | Japan | Industrial Equipment | ¥9.8T ($62.2B) revenue | ¥656.8B ($4.2B) profit | 268,655 employees
55. ChemChina | China | Chemicals | $60.5B revenue | -$816M profit | 141,250 employees
56. AB InBev | Belgium | Food & Beverage | $59.8B revenue | $7.4B profit | 143,885 employees
57. LG Electronics | South Korea | Electronics | ₩87.7T ($59.3B) revenue | ₩590B ($399M) profit | 74,000 employees
58. Renault Group | France | Automotive | €56.2B ($58.2B) revenue | €891M ($922M) profit | 98,000 employees
59. Panasonic | Japan | Electronics | ¥8.5T ($54.0B) revenue | ¥444B ($2.8B) profit | 228,420 employees
60. HP Inc. | USA | Electronics | $53.6B revenue | $2.8B profit | 58,000 employees
52. IBM | USA | Electronics | $62.7B revenue | $6.0B profit | 270,300 employees
53. ArcelorMittal | Luxembourg | Metals | $62.4B revenue | $1.3B profit | 125,416 employees
54. Hitachi | Japan | Industrial Equipment | ¥9.8T ($62.2B) revenue | ¥656.8B ($4.2B) profit | 268,655 employees
55. ChemChina | China | Chemicals | $60.5B revenue | -$816M profit | 141,250 employees
56. AB InBev | Belgium | Food & Beverage | $59.8B revenue | $7.4B profit | 143,885 employees
57. LG Electronics | South Korea | Electronics | ₩87.7T ($59.3B) revenue | ₩590B ($399M) profit | 74,000 employees
58. Renault Group | France | Automotive | €56.2B ($58.2B) revenue | €891M ($922M) profit | 98,000 employees
59. Panasonic | Japan | Electronics | ¥8.5T ($54.0B) revenue | ¥444B ($2.8B) profit | 228,420 employees
60. HP Inc. | USA | Electronics | $53.6B revenue | $2.8B profit | 58,000 employees
61. Tyson Foods | USA | Food & Beverage | $53.3B revenue | $800M profit | 138,000 employees
62. Intel | USA | Semiconductors | $53.1B revenue | -$19.2B profit | 83,300 employees
63. Tata Motors | India | Automotive | ₹445,939 crore ($53.0B) revenue | ₹28,149 crore ($3.3B) profit | 98,911 employees
64. John Deere | USA | Industrial Equipment | $51.7B revenue | $7.1B profit | 75,800 employees
65. Broadcom | USA | Semiconductors | $51.6B revenue | $5.9B profit | 37,000 employees
66. Dongfeng Motor | China | Automotive | $51.3B revenue | $318M profit | 118,508 employees
67. Xiaomi Corporation | China | Electronics | ¥365.9B ($50.1B) revenue | ¥23.6B ($3.2B) profit | 43,688 employees
62. Intel | USA | Semiconductors | $53.1B revenue | -$19.2B profit | 83,300 employees
63. Tata Motors | India | Automotive | ₹445,939 crore ($53.0B) revenue | ₹28,149 crore ($3.3B) profit | 98,911 employees
64. John Deere | USA | Industrial Equipment | $51.7B revenue | $7.1B profit | 75,800 employees
65. Broadcom | USA | Semiconductors | $51.6B revenue | $5.9B profit | 37,000 employees
66. Dongfeng Motor | China | Automotive | $51.3B revenue | $318M profit | 118,508 employees
67. Xiaomi Corporation | China | Electronics | ¥365.9B ($50.1B) revenue | ¥23.6B ($3.2B) profit | 43,688 employees
Key Insights by Industry
Automotive Dominance
Automotive manufacturers represent 15 of the top 50 companies, with combined revenue of $2.22 trillion, accounting for 37% of total revenue among the top 50. The sector includes traditional automakers (Volkswagen, Toyota, GM, Ford), electric vehicle specialists (Tesla, BYD), and Chinese state-owned enterprises.
Electronics and Semiconductors
Electronics manufacturers (7 companies, $1.16 trillion) and semiconductor companies (3 companies, $367 billion) together represent the second-largest industrial segment. Electronics companies like Apple, Samsung, and Foxconn generate massive revenues but achieve this with relatively smaller workforces due to automation and outsourced assembly. Semiconductor manufacturers show the highest profit margins in manufacturing, with TSMC achieving 40% and Nvidia reaching 56%.
Sector Breakdown (Top 50 manufacturing companies)
| Sector | Companies | Revenue (Billions) |
|---|---|---|
| Automotive | 15 | $2,221 |
| Electronics | 7 | $1,161 |
| Food & Beverage | 5 | $511 |
| Aerospace & Defense | 5 | $373 |
| Pharmaceuticals | 5 | $365 |
| Semiconductors | 3 | $367 |
| Chemicals | 3 | $332 |
| Industrial Equipment | 3 | $234 |
| Metals | 2 | $241 |
| Infrastructure | 1 | $159 |
| Consumer Goods | 1 | $84 |
Country Distribution (Top 50 manufacturing companies)
| Country | Companies | Revenue (Billions) |
|---|---|---|
| United States | 17 | $1,993 |
| China | 13 | $1,351 |
| Germany | 6 | $863 |
| Japan | 4 | $591 |
| South Korea | 3 | $470 |
| Taiwan | 2 | $298 |
| Switzerland | 2 | $172 |
| Netherlands | 1 | $163 |
| Brazil | 1 | $77 |
| France | 1 | $72 |
The United States leads with 17 companies generating nearly $2 trillion in revenue, followed by China with 13 companies. German manufacturers, though fewer in number, punch above their weight with 6 companies generating $863 billion - an average of $144 billion per company, the highest among major manufacturing nations.
Profitability Analysis
Most profitable manufacturing companies by net profit margin (2024):
1. Nvidia: 55.9%
2. TSMC: 40.0%
3. Merck: 26.6%
4. Apple: 24.0%
5. Procter & Gamble: 19%
6. Caterpillar: 16.7%
7. Johnson & Johnson: 15.9%
8. Hoffmann-La Roche: 14.7%
9. John Deere: 13.7%
10. Pfizer: 12.6%
Manufacturing companies with the biggest net losses in 2024:
1. Intel: -$19.2 billion
2. Boeing: -$11.8 billion
3. Nissan: -$4.3 billion
4. SinoChem: -$3.7 billion
5. ChemChina: -$816 million
Semiconductor companies demonstrate the highest profitability, while several traditional manufacturing giants faced challenges in 2024.
4. SinoChem: -$3.7 billion
5. ChemChina: -$816 million
Semiconductor companies demonstrate the highest profitability, while several traditional manufacturing giants faced challenges in 2024.
Largest employers in the manufacturing industry
- BYD: 968,900
- Volkswagen: 682,724
- Foxconn: 634,077
- Bosch: 417,859
- Aviation Industry Corporation of China: 384,000
6. Toyota: 375,235
7. Siemens: 327,000
8. PepsiCo: 318,000
9. China Railway No.5: 297,359
10. Nestlé: 277,000
7. Siemens: 327,000
8. PepsiCo: 318,000
9. China Railway No.5: 297,359
10. Nestlé: 277,000
Methodology
This list ranks companies by total revenue in 2024 using the most recently available financial data (for the 2024 fiscal year or most recent four quarters in 2025 where available). All figures are from official annual reports, regulatory filings, or verified financial statements. Companies included must manufacture physical products as their primary business. Pure service companies, financial institutions, retailers, conglomerates with a small manufacturing arm, oil & gas, and mining companies are excluded.
Where companies report in local currency, USD conversions use December 31, 2024 exchange rates:
- CNY (RMB) to USD: 0.1370
- JPY to USD: 0.006355
- EUR to USD: 1.0350
- CHF to USD: 1.1017
- KRW to USD: 0.0006764
- TWD (NT$) to USD: 0.03053
- INR to USD: 0.0118
Sources
- Apple Inc. - Wikipedia
- Volkswagen Group - 2024 Consolidated Financial Statements
- Toyota Motor Corp. - FY2024 Financial Summary
- Hon Hai Precision Industry - 2024 Annual Report
- Samsung Electronics - Wikipedia
- General Motors - Wikipedia
- Ford Motor Company - Wikipedia
- Stellantis N.V. - Wikipedia
- China Railway No. 5 Engineering Group - 2024 Annual Report
- Cargill, Inc. - 2025 Annual Report and Bloomberg: Cargill Billionaire Owners See Record Payout as Profit Rises
- SK Group - SK Profile 2025 and SK Group surpasses Samsung in 2024 operating profit for the first time and Wikipedia
- Mercedes-Benz Group - 2024 Annual Report
- BMW Group - 2024 Income Statements for Group and Segments and BMW Financial Statement 2024
- Sinochem Holdings - Fortune 500
- Honda Motor Co. - Fortune 500
- Nvidia - Wikipedia
- China Baowu Steel Group - Fortune 500
- Hengli Group - Fortune 500
- Hyundai Motor Co. - Wikipedia
- Huawei - 2024 Annual Report
- China Minmetals - Fortune 500
- BYD Company - Wikipedia
- Nestlé S.A. - 2024 Financial Statements
- Tesla - Q3 2025 Update
- Robert Bosch GmbH - Wikipedia
- PepsiCo, Inc. - Wikipedia
- Johnson & Johnson - Wikipedia
- Dell Technologies - Wikipedia
- TSMC - Wikipedia
- Archer Daniels Midland - Wikipedia
- SAIC Motor - 2024 Annual Report
- Procter & Gamble - 2025 Financial Highlights
- Aviation Industry Corporation of China - Fortune 500
- Sony - Wikipedia
- RTX Corporation - Wikipedia
- Nissan Motor - Nissan reports financial results for fiscal year 2024 and Nissan Motor Jobs
- Sinopharm - 2024 Annual Report
- China FAW Group - Fortune 500
- JBS S.A. - Wikipedia
- Siemens - Wikipedia
- Airbus - Wikipedia
- Lockheed Martin - Wikipedia
- Lenovo - Wikipedia
- Hoffmann-La Roche - Wikipedia
- BASF SE - 2024 Annual Report
- Beijing Automotive Group - Fortune 500
- Boeing - Wikipedia
- Caterpillar Inc. - Wikipedia
- Merck - Q4 2024 Financial Results
- Pfizer Inc. - Wikipedia
- Unilever - Wikipedia
- IBM - Wikipedia
- ArcelorMittal - Wikipedia
- Hitachi - 2024 consolidated financial results and Corporate Profile
- ChemChina - Fortune 500
- AB InBev - Wikipedia
- LG Electronics - Investor highlights and Corporate info
- Renault Group - Key Figures
- Panasonic - Wikipedia
- HP Inc. - Wikipedia
- Tyson Foods - Wikipedia
- Intel - Wikipedia
- Tata Motors - Wikipedia
- John Deere - Wikipedia
- Broadcom - Wikipedia
- Dongfeng Motor - Fortune 500
- Xiaomi Corporation - 2024 Annual Report
