In a study conducted by Coveragely, Alphabet, the parent company of Google, secured the top position in the 2024 global rankings of the top 100 tech companies.
The company’s leadership in various sectors, including search, advertising, cloud computing, and Artificial Intelligence, solidified its standing at the forefront of technological advancements. The study covered metrics such as net asset values, market capitalization, annual revenue, operating margins, and employees, noting their resilience despite global economic fluctuations.
Alphabet had a remarkable financial performance, with a net asset value of $293 billion the highest globally, and a market capitalization of $2.28 trillion. The tech giant had an annual revenue of $318 billion, coupled with an operating margin of 25.49%.
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The company’s total assignments are valued at $407 billion, with liabilities of $115 billion. Additionally, its workforce of 180,900 employees each generates $1.8 million in revenue, ensuring operational efficiency and productivity.
According to recent Reuters report, Alphabet is on the verge of announcing a 14% rise in its quarterly revenue in 2024, revealing its fourth straight quarter of double-digit growth. The report is expected to provide deeper insights into the adoption of AI services and the escalating costs associated with the advanced technology.
While Alphabet continues to thrive, the overall rankings reflect a dynamic and competitive global tech environment. American multinational corporation and technology company, Microsoft which occupied the second position, holds the title of the world’s most valuable company with a market capitalization of $3.37 trillion.
The company generates $237 billion in annual revenue, and has an operating margin of 42.14%, with the ability to efficiently convert revenue into profit. Microsoft’s total assets are valued at $484 billion, with net assets of $253 billion and liabilities of $231 billion. Each of its 221,000 employees generates $1.1 million in revenue, highlighting its workforce’s productivity.
Samsung, a global leader in electronics and technology, recognized for its cutting-edge developments in smartphones, consumer electronics, and semiconductor technologies, ranks third with a market capitalization of $386 billion and an annual revenue of $201 billion.
Despite having a lower operating margin of 11.51%, Samsung maintains good financial health with net assets valued at $276 billion and total assets. Of $350 billion. Its 270,000 employees each contribute $0.7 million in revenue annually, pointing to the company’s large-scale operations and workforce productivity.
Amazon continues to dominate with its e-commerce platform, with a market capitalization of $2 trillion and the highest global revenue of $591 billion annually. However, its profitability is challenged by a negative operating margin of -1.15%. Amazon holds the highest total assets globally at $531 billion, with net assets of $217 billion and liabilities of $314 billion. As the largest global employer with 1.525 million employees, Amazon significantly influences the job market, though its revenue per employee stands at $0.4 million, lower than some competitors.
Meta Platforms, the parent company of Facebook, ranks fifth with a market capitalization of $1.3 trillion and $143 billion in annual revenue. The company has an operating margin of 23.79%, its total assets are valued at $223 billion, with net assets of $150 billion and liabilities of $73.3 billion. Meta’s 69,300 employees each generate $2.1 million in revenue, positioning them among the most productive globally.
The top tech companies of 2024 reveal exceptional financial strength, innovation, and productivity, driving towards huge technological evolution. Strategic investments, efficient management of assets and liabilities, and the ability to generate revenue and profit tell us of continuous strength in ensuring the tech industry continues to scale.
See The List of The Top 100 tech companies:
- Alphabet (Google)
- Microsoft
- Samsung
- Amazon
- Meta Platforms
- Alibaba
- Apple
- TSMC
- Tencent
- Intel
- NVIDIA
- Broadcom
- Tesla
- Salesforce
- AMD
- Foxconn
- Sony
- SAP
- Cisco
- Micron Technology
- Jingdong Mall
- SK Hynix
- Baidu
- Analog Devices
- Pinduoduo
- Schneider Electric
- Panasonic
- SMIC
- Fiserv
- QUALCOMM
- IBM
- Netflix
- Xiaomi
- Canon
- Nokia
- Meituan
- Global Payments
- Hewlett Packard Enterprise
- PayPal
- Intuit
- Applied Materials
- ASML
- Keyence
- Block
- Texas Instruments
- LG Electronics
- Infineon
- Adobe
- NetEase
- Fidelity National Information Services
- Roper Technologies
- Nintendo
- Naver
- Murata Manufacturing
- Trip.com
- STMicroelectronics
- DiDi
- Marvell Technology Group
- Uber
- Renesas Electronics
- Mobileye
- NEC Corp
- TE Connectivity
- Equinix
- MediaTek
- Lufax
- AspenTech
- Oracle
- Tokyo Electron
- United Microelectronics
- GlobalFoundries
- Ericsson
- Kakao
- ServiceNow
- ASE Group
- NXP Semiconductors
- Lam Research
- Shopify
- Dassault Systèmes
- Twilio
- Arista Networks
- Airbnb
- Adevinta
- ASUS
- Workday
- Coinbase
- Delta Electronics
- ON Semiconductor
- Synopsys
- Zoom
- Coherent
- Electronic Arts
- Arm Holdings
- DoorDash
- CoStar Group
- Garmin
- Rakuten
- Sea (Garena)
- Kuaishou Technology
- Microchip Technology