List of CAC 40 Companies: All the companies in the index as of November 2025
What is the CAC 40?
The CAC 40 (Continuous Assisted Quotation) is the main stock market index on the Paris Stock Exchange. It groups forty of the largest French companies, selected for their representativeness in the national economy and their level of trading on Euronext Paris. Created in 1987, it is now considered the leading indicator of the economic health of listed large French companies.
Selection into the CAC 40 takes into account the floating market capitalization (that is, the portion of the capital actually available for trading) as well as the liquidity of the stocks on the stock exchange. The index is regularly revised, generally every quarter, which can lead to entries or exits of companies to reflect the evolution of the market.
Functioning and role of the CAC 40
The CAC 40 index plays a central role in the French financial ecosystem:
- It serves as a barometer of the performance of the French stock market.
- It acts as a reference in the management of many investment funds and derivative products.
- It offers a synthetic measure of investor confidence in the largest French values.
- It captures a significant portion of the added value, revenue, and innovation of the hexagonal economy.
The index is weighted according to the floating capitalization of each company, which means that the most highly valued companies influence its variations more significantly.
Comprehensive list of CAC 40 companies as of November 9, 2025
Here is the official, up-to-date composition of the CAC 40 as of November 9, 2025. The order is alphabetical, with each company presented along with its sector and a brief description to help better understand the landscape of the French market.
| Company | Main Sector | Description |
|---|---|---|
| Accor | Hotel Industry | International hotel group present in over 100 countries with brands such as Novotel, ibis, and Sofitel. |
| Air Liquide | Chemicals / Industrial Gases | World leader in industrial and medical gases for industrial and health sectors. |
| Airbus Group | Aerospace and Defense | European group specialized in aerospace construction (aircraft, satellites, helicopters). |
| ArcelorMittal | Metallurgy | World's largest steel producer, multi-international. |
| AXA | Insurance | Global insurance group in life, property, health, and asset management. |
| BNP Paribas | Banking | Major European banking group with strong international presence. |
| Bouygues | Construction / Telecommunications | Diversified group in construction, real estate, media, and telecommunications. |
| Bureau Veritas | Services / Certification | Specialist in testing, inspection, and certification worldwide. |
| Capgemini | Consulting / IT Services | Global leader in consulting, IT services, and digital transformation. |
| Carrefour | Retail | One of the world's largest retail groups in food distribution. |
| Crédit Agricole | Banking | Second largest banking group in France, strong in retail banking, insurance, and asset management. |
| Danone | Agribusiness | Leader in dairy products, water, medical nutrition, and infant nutrition. |
| Dassault Systèmes | Software / Technology | Publisher of 3D modeling software, PLM, and digital design. |
| Edenred | Prepaid Services | Specialist in payment solutions in work, mobility, and well-being fields. |
| Engie | Energy | Global energy production, distribution, and management group, strongly oriented towards energy transition. |
| EssilorLuxottica | Healthcare / Optics | Global giant in optics and eyewear (Ray-Ban, Oakley brands, etc.). |
| Eurofins Scientific | Analytical Services / Healthcare | International leader in bioanalysis, present in agribusiness, pharmaceuticals, and environment. |
| Hermès International | Luxury Goods | Historic French luxury goods house renowned for its leather goods and accessories. |
| Kering | Luxury Goods | Group specializing in luxury fashion and accessories (Gucci, Yves Saint Laurent, Balenciaga, etc.). |
| L'Oréal | Cosmetics | Number one global cosmetics and beauty products company. |
| Legrand | Electrical Equipment | World specialist in building electrical and digital infrastructure. |
| LVMH | Luxury Goods | The largest global luxury goods group, including iconic brands like Louis Vuitton, Dior, Moët & Chandon. |
| Michelin | Tires | World leader in tire manufacturing, also active in sustainable mobility. |
| Orange | Telecommunications | Major telecommunications operator in fixed-line telephony, mobile, internet, and enterprise solutions. |
| Pernod Ricard | Spirits / Beverages | Number two global wine and spirits company with an international portfolio of brands. |
| Publicis Groupe | Communications / Advertising | Third largest global communications, media, advertising, and digital marketing group. |
| Renault | Automotive | Historic automotive group, pioneer in electrification and global alliances. |
| Safran | Aerospace / Defense | International equipment manufacturer in aircraft engines, landing systems, and electronic equipment. |
| Saint-Gobain | Materials | Leader in the production of high-tech construction materials and insulation solutions. |
| Sanofi | Healthcare / Pharmaceuticals | One of the world's largest pharmaceutical groups, pioneers in research and development. |
| Schneider Electric | Energy / Automation | Global group specialized in energy management and industrial automation. |
| Société Générale | Banking | Major universal bank, very present in financing, investment, and insurance. |
| Stellantis | Automotive | Automotive group resulting from the merger of PSA/FCA, highly internationalized. |
| STMicroelectronics | Electronics | One of the main European manufacturers of semiconductors and electronic components. |
| Teleperformance | Digital Services | Global leader in outsourcing customer service and multichannel customer relationship management. |
| Thales | Electronics / Defense | International group in aerospace, security, transportation, and defense. |
| TotalEnergies | Energy / Oil | Integrated global energy group active in oil, gas, and renewables. |
| Unibail-Rodamco-Westfield | Commercial Real Estate | Leader in commercial real estate, managing major shopping centers in Europe and the United States. |
| Veolia Environnement | Environment | Multi-national company specializing in water, waste, and energy management. |
| Vinci | Construction / Concessions | Major construction group, highway, airport, and energy concessions. |
Ranking of the largest market capitalizations in the CAC 40
In November 2025, the ranking of market capitalizations in the CAC 40 is dominated by the luxury sector and some major industrial companies. Here are some key points to appreciate the relative weight of these companies in the index:
- LVMH remains far and away the top market capitalization in the index, with a valuation exceeding 350 billion euros.
- Hermès International exceeds 220 billion euros in market capitalization, affirming its position as a global leader in luxury goods.
- TotalEnergies, L'Oréal, Sanofi, Air Liquide are among the companies above 100 billion euros in market capitalization.
- Among the lowest market capitalizations in the CAC 40 on November 11, 2025: Renault and Unibail-Rodamco-Westfield, which fluctuate around 7 to 8 billion euros depending on market fluctuations.
It is important to note that the weighting of each value in the index is derived from its floating market capitalization, which means that even if two companies have similar overall values, their weight in the index can differ based on the level of shares available for trading.
Example of sectoral distribution by market capitalization
- The luxury sector (LVMH, Hermès, Kering, L'Oréal) represents more than one-third of the total valuation of the CAC 40.
- The banking and insurance sectors (BNP Paribas, AXA, Crédit Agricole, Société Générale) are also well represented, but with a lesser weighting.
- Industry and energy sectors weigh heavily in the index with TotalEnergies, Air Liquide, Schneider Electric, Engie, Veolia Environnement.
Sectoral distribution of companies in the CAC 40
The strength of the CAC 40 lies in its sectoral diversity, which offers a good snapshot of modern French economy:
- Luxury, fashion, beauty: LVMH, Hermès, Kering, L'Oréal
- Banks and insurance: BNP Paribas, Crédit Agricole, Société Générale, AXA
- Energy, environment, resources: TotalEnergies, Engie, Veolia Environnement, Air Liquide
- Aerospace, automotive, technology: Airbus, Safran, Stellantis, Renault, Dassault Systèmes, STMicroelectronics
- Construction, infrastructure, real estate: Vinci, Bouygues, Unibail-Rodamco-Westfield, Saint-Gobain, Legrand
- Retail, consumer goods: Carrefour, Danone, Pernod Ricard, Michelin
- Telecommunications and services: Orange, Teleperformance, Capgemini, Publicis Groupe, Bureau Veritas, Edenred, Thales, Eurofins Scientific, EssilorLuxottica
This sectoral diversity contributes to the overall resilience of the CAC 40, even during periods of volatility on certain markets.
Recent changes in the composition of the CAC 40
The CAC 40 index undergoes regular revisions. These changes reflect the dynamics of the market, the growth strategy of the groups, but also sometimes the difficulty of certain actors to maintain their representativeness.
- Recent Integrations: Bureau Veritas and Eurofins Scientific are two of the most recent notable additions confirmed for the composition of 2025.
- EssilorLuxottica has been part of the composition since the merger between Essilor and Luxottica, not only for its size but also for the international diversity of its activities.
- Recently Departed Companies: Alstom and Atos, former historical members, no longer appear on the current list due to a sectoral and stock market realignment over the past few years.
- The composition of the CAC 40 can evolve following major announcements (mergers, spin-offs, changes in volume, strategic shifts).
It is important to use the exact denominations of the companies (e.g., STMicroelectronics, EssilorLuxottica, TotalEnergies). Some entries like Dassault Systèmes or Teleperformance are from the digital transformation and symbolize the modernization of the index.
Frequently Asked Questions about the CAC 40
How does a company join the CAC 40?
A company joins the CAC 40 following the decision of an independent expert committee that meets quarterly. The criteria considered are the free float market capitalization and the level of liquidity of trading on Euronext Paris. The replacement of one company by another usually occurs when there is a marked decline or, conversely, when innovative companies with strong growth emerge.
Why does the composition of the CAC 40 vary regularly?
The composition evolves naturally to maintain the representation of the largest and most active companies on the French market. Changes in perimeter reflect either the regression of historical companies or the breakthrough of innovative actors on their markets. This allows the index to remain relevant and attractive for national and international investors.
What is the difference between total capitalization and free float capitalization?
The total capitalization of a company corresponds to its entire market valuation (all shares included), whereas the free float capitalization concerns only the shares actually traded on the market (excluding family blocks or major shareholder agreements). It is this latter criterion that determines the weight of companies within the index.
Which CAC 40 companies generate the most revenue internationally?
Many companies in the CAC 40 generate a very significant portion of their activity abroad. For example, more than 90% of the revenue of LVMH, Airbus, Safran, or EssilorLuxottica comes from international sources, illustrating the global nature of French champions.
Is the CAC 40 accessible on the stock exchange?
Yes, any investor can "buy" the CAC 40 through listed index funds (ETFs), mutual funds, or by investing individually in the stocks of the companies that make up the index. Numerous derivative products also exist, allowing for a wider range of possible strategies (warrants, options, futures contracts).