Musings on Markets · 2024-01-31 · 855d

Global Business Profitability Analysis 2023: Value Maximization vs. Stakeholder Capitalism

An analysis of 2023 profitability across global and US companies, examining profit measures, margins, and return on invested capital while defending shareholder value maximization as the appropriate business objective. The article argues that profitability is essential for businesses to function and create positive impact, contrasting this with stakeholder capitalism and ESG approaches.

4 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Energy Sector Profit Margin

highest%

relative ranking

Global companies 2023

Global Net Income

5.3$ trillion

aggregate

Global companies in 2023

Technology Sector Profit Margin

second-highest%

relative ranking

US companies 2023

US Net Income

1.8$ trillion

aggregate

US companies in 2023