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.
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