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Ranking 2020 of companies by gross margin

Gross margin is what remains of the turnover once the direct cost of what is sold is paid. Exercise 2020.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2020·Calculated on 2026-11-01· 19137 companies ranked
Metric : gross margin / revenue for the fiscal year 2020 (in %), currency-neutral ratio. Universe : revenue of at least 50 M$, margin between 0 and 100 %. Only companies with published data are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Gross marginRevenue
1HSBC Holdings plcHSBC🇬🇧United KingdomFinancial Services100,0 %63,28 billion $
2Beijing Hualian Department Store Co., Ltd000882.SZ🇨🇳ChinaConsumer Cyclical100,0 %133,7 M$
3The Bank of East Asia, LimitedBKEAY🇭🇰Hong KongFinancial Services100,0 %3,49 billion $
4Korean Reinsurance Company003690.KS🇰🇷KoreaFinancial Services100,0 %4,82 billion $
5Hotel Shilla Co.,Ltd008770.KS🇰🇷KoreaConsumer Cyclical100,0 %2,39 billion $
6China Merchants China Direct Investments Limited0133.HK🇭🇰Hong KongFinancial Services100,0 %143,6 M$
7Samsung Card Co., Ltd.029780.KS🇰🇷KoreaFinancial Services100,0 %1,82 billion $
8NAVER Corporation035420.KS🇰🇷KoreaCommunication Services100,0 %3,98 billion $
9Yunfeng Financial Group Limited0376.HK🇭🇰Hong KongFinancial Services100,0 %930,6 M$
10Hanatour Service Inc.039130.KS🇰🇷KoreaConsumer Cyclical100,0 %82,1 M$
11Dah Sing Financial Holdings LimitedDAHSF🇭🇰Hong KongFinancial Services100,0 %1,10 billion $
12Public Financial Holdings Limited0626.HK🇭🇰Hong KongFinancial Services100,0 %166,0 M$
13China Construction Bank CorporationCICHY🇨🇳ChinaFinancial Services100,0 %84,52 billion $
14Sparebanken Vest0G67.L🇳🇴EuropeFinancial Services100,0 %406,9 M$
15Aflac IncorporatedAFL🇺🇸United StatesFinancial Services100,0 %22,26 billion $
16AGNC Investment Corp.AGNC🇺🇸United StatesReal Estate100,0 %341,0 M$
17Arrowhead Pharmaceuticals, Inc.ARWR🇺🇸United StatesHealthcare100,0 %88,0 M$
18News CorporationNWS🇺🇸United StatesCommunication Services100,0 %9,01 billion $
19American International Group, Inc.AIG🇺🇸United StatesFinancial Services100,0 %43,84 billion $
20Creades ABCRED-A.ST🇸🇪EuropeFinancial Services100,0 %408,5 M$
21Schweizerische NationalbankSNBN.SW🇨🇭EuropeFinancial Services100,0 %25,79 billion $
22Royal Bank of CanadaRY🇨🇦CanadaFinancial Services100,0 %30,66 billion $
23Graubündner KantonalbankGRKP.SW🇨🇭EuropeFinancial Services100,0 %485,6 M$
24Basler KantonalbankBSKP.SW🇨🇭EuropeFinancial Services100,0 %642,6 M$
25Berner Kantonalbank AGBEKN.SW🇨🇭EuropeFinancial Services100,0 %599,5 M$
26Vaudoise Assurances Holding S.A.VAHN.SW🇨🇭EuropeFinancial Services100,0 %1,61 billion $
27Cembra Money Bank AGCMBN.SW🇨🇭EuropeFinancial Services100,0 %635,9 M$
28Basellandschaftliche KantonalbankBLKB.SW🇨🇭EuropeFinancial Services100,0 %492,6 M$
29St. Galler Kantonalbank AGSGKN.SW🇨🇭EuropeFinancial Services100,0 %681,9 M$
30VP Bank AGVPBN.SW🇱🇮OthersFinancial Services100,0 %363,6 M$
31Kinnevik ABKINV-B.ST🇸🇪EuropeFinancial Services100,0 %4,23 billion $
32Liechtensteinische Landesbank AG0RP8.L🇱🇮OthersFinancial Services100,0 %522,1 M$
33The Bank of Nova ScotiaBNS🇨🇦CanadaFinancial Services100,0 %22,40 billion $
34Booking Holdings Inc.BKNG🇺🇸United StatesConsumer Cyclical100,0 %6,80 billion $
35Riyad Bank1010.SR🇸🇦OthersFinancial Services100,0 %2,96 billion $
36Bank AlJazira1020.SR🇸🇦OthersFinancial Services100,0 %874,8 M$
37The Saudi Investment Bank1030.SR🇸🇦OthersFinancial Services100,0 %758,5 M$
38Banque Saudi Fransi1050.SR🇸🇦OthersFinancial Services100,0 %1,89 billion $
39Saudi Awwal Bank1060.SR🇸🇦OthersFinancial Services100,0 %2,36 billion $
40Arab National Bank1080.SR🇸🇦OthersFinancial Services100,0 %1,56 billion $
41Al Rajhi Banking and Investment Corporation1120.SR🇸🇦OthersFinancial Services100,0 %5,51 billion $
42Bank Albilad1140.SR🇸🇦OthersFinancial Services100,0 %1,14 billion $
43Alinma Bank1150.SR🇸🇦OthersFinancial Services100,0 %1,51 billion $
44Allianz Malaysia Berhad1163.KL🌍OthersFinancial Services100,0 %1,41 billion $
45The Saudi National Bank1180.SR🇸🇦OthersFinancial Services100,0 %5,85 billion $
46Amlak International for Real Estate Finance Company1182.SR🇸🇦OthersFinancial Services100,0 %56,3 M$
47Zhongyuan Bank Co., Ltd.1216.HK🇨🇳ChinaFinancial Services100,0 %1,74 billion $
48Agricultural Bank of China LimitedACGBF🇨🇳ChinaFinancial Services100,0 %74,34 billion $
49AIA Group LimitedAAIGF🇭🇰Hong KongFinancial Services100,0 %50,85 billion $
50China Cinda Asset Management Co., Ltd.CCGDF🇨🇳ChinaFinancial Services100,0 %7,42 billion $
51Industrial and Commercial Bank of China LimitedIDCBF🇨🇳ChinaFinancial Services100,0 %90,36 billion $
52Guolian Minsheng Securities Co., Ltd.601456.SS🇨🇳ChinaFinancial Services100,0 %314,2 M$
53ZHONGTAI FUTURES Company Limited1461.HK🇨🇳ChinaFinancial Services100,0 %73,5 M$
54China Reinsurance (Group) Corporation1508.HK🇨🇳ChinaFinancial Services100,0 %25,26 billion $
55Red Star Macalline Group Corporation Ltd.601828.SS🇨🇳ChinaReal Estate100,0 %2,14 billion $
56Guangzhou Rural Commercial Bank Co., Ltd.1551.HK🇨🇳ChinaFinancial Services100,0 %2,00 billion $
57Bank of Tianjin Co., Ltd.1578.HK🇨🇳ChinaFinancial Services100,0 %1,35 billion $
58Postal Savings Bank of China Co., Ltd.PSTVY🇨🇳ChinaFinancial Services100,0 %35,49 billion $
59NHN Corporation181710.KS🇰🇷KoreaTechnology100,0 %1,23 billion $
60Haitong Unitrust International Financial Leasing Co., Ltd.1905.HK🇨🇳ChinaFinancial Services100,0 %399,6 M$
61Jiangxi Bank Co., Ltd.1916.HK🇨🇳ChinaFinancial Services100,0 %901,9 M$
62Luzhou Bank Co., Ltd.1983.HK🇨🇳ChinaFinancial Services100,0 %287,8 M$
63China Zheshang Bank Co., Ltd601916.SS🇨🇳ChinaFinancial Services100,0 %4,15 billion $
64E-House (China) Enterprise Holdings Limited2048.HK🇨🇳ChinaReal Estate100,0 %1,21 billion $
65Bank of Gansu Co., Ltd.2139.HK🇨🇳ChinaFinancial Services100,0 %410,6 M$
66Nat Games Co.,Ltd.225570.KQ🇰🇷Korea·100,0 %61,0 M$
67Ping An Insurance (Group) Company of China, Ltd.PIAIF🇨🇳ChinaFinancial Services100,0 %198,37 billion $
68PICC Property and Casualty Company LimitedPPCCF🇺🇸United StatesFinancial Services100,0 %61,78 billion $
69Dah Sing Banking Group Limited2356.HK🇭🇰Hong KongFinancial Services100,0 %1,02 billion $
70Kakaku.com, Inc.KKKUF🇯🇵JapanCommunication Services100,0 %387,0 M$
71Netmarble Corporation251270.KS🇰🇷KoreaTechnology100,0 %1,86 billion $
72Jinshang Bank Co., Ltd.2558.HK🇨🇳ChinaFinancial Services100,0 %513,3 M$
73KRAFTON, Inc.259960.KS🇰🇷KoreaTechnology100,0 %1,25 billion $
74China Pacific Insurance (Group) Co., Ltd.CHPXF🇨🇳ChinaFinancial Services100,0 %63,02 billion $
75China Life Insurance Company LimitedCILJF🇨🇳ChinaFinancial Services100,0 %117,06 billion $
76Genertec Universal Medical Group Company Limited2666.HK🇨🇳ChinaFinancial Services100,0 %1,24 billion $
77China CITIC Financial Asset Management Co., Ltd.2799.HK🇨🇳ChinaFinancial Services100,0 %1,53 billion $
78Fubon Financial Holding Co., Ltd.2881.TW🇹🇼TaiwanFinancial Services100,0 %14,49 billion $
79Cathay Financial Holding Co., Ltd.2882.TW🇹🇼TaiwanFinancial Services100,0 %19,53 billion $
80CTBC Financial Holding Co., Ltd.2891.TW🇹🇼TaiwanFinancial Services100,0 %5,98 billion $
81Bank of Communications Co., Ltd.BKFCF🇨🇳ChinaFinancial Services100,0 %27,73 billion $
82Holly Futures Co., Ltd.3678.HK🇨🇳ChinaFinancial Services100,0 %235,4 M$
83Huishang Bank Corporation Limited3698.HK🇨🇳ChinaFinancial Services100,0 %2,96 billion $
84China International Capital Corporation LimitedCNICF🇨🇳ChinaFinancial Services100,0 %4,16 billion $
85China Merchants Bank Co., Ltd.CIHKY🇺🇸United StatesFinancial Services100,0 %33,91 billion $
86Bank of China LimitedBACHF🇨🇳ChinaFinancial Services100,0 %84,97 billion $
87Iyogin Holdings,Inc.5830.T🇯🇵JapanFinancial Services100,0 %762,8 M$
88Shizuoka Financial Group,Inc.5831.T🇯🇵JapanFinancial Services100,0 %1,39 billion $
89Chugin Financial Group,Inc.5832.T🇯🇵JapanFinancial Services100,0 %681,1 M$
90SDIC Capital Co.,Ltd600061.SS🇨🇳ChinaFinancial Services100,0 %1,63 billion $
91Xiangcai Co.,Ltd600095.SS🇨🇳ChinaConsumer Defensive100,0 %330,8 M$
92Polaris Bay Group Co.,Ltd.600155.SS🇨🇳ChinaFinancial Services100,0 %487,9 M$
93Jiangsu Financial Leasing Co., Ltd.600901.SS🇨🇳ChinaFinancial Services100,0 %435,1 M$
94China Merchants Securities Co., Ltd.600999.SS🇨🇳ChinaFinancial Services100,0 %3,64 billion $
95CSC Financial Co., Ltd.601066.SS🇨🇳ChinaFinancial Services100,0 %3,74 billion $
96Industrial & Commercial Bank of China Ltd.IDCBY🇨🇳ChinaFinancial Services100,0 %90,36 billion $
97Huatai Securities Co., Ltd.601688.SS🇨🇳ChinaFinancial Services100,0 %4,90 billion $
98Bank of Chengdu Co., Ltd.601838.SS🇨🇳ChinaFinancial Services100,0 %2,18 billion $
99Jiangsu Zijin Rural Commercial Bank Co.,Ltd601860.SS🇨🇳ChinaFinancial Services100,0 %447,9 M$
100ZhongAn Online P & C Insurance Co., Ltd.6060.HK🇨🇳ChinaFinancial Services100,0 %2,76 billion $
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2020 ranking established?
It ranks companies by their gross margin on the fiscal year 2020, based on annual accounts and published data. No values are estimated: a company without this data is simply excluded.
Are the values comparable between countries?
Yes: it is a ratio or a percentage variation, currency neutral.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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