Investlytic Rankings

Ranking 2024 of the largest profit drops

Companies whose net profit fell the most in 2024 compared to 2023, among those that earned at least 50 M$ the previous year. A variation below −100 % means a move into loss.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2024·Calculated on 2026-11-01· 3420 companies ranked
Metric : variation of net profit between fiscal year 2023 and fiscal year 2024 (in %), ranked from the largest decrease to the smallest. Universe : 2023 profit of at least 50 M$. Amounts in USD. Only companies with published data are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Profit variation2023 Profit2024 Profit
1RiseSun Real Estate Development Co.,Ltd002146.SZ🇨🇳ChinaReal Estate-2 293,1 %57,9 M$-1,27 billion $
2Phoenix Group Holdings plcPNXGF🇬🇧United KingdomFinancial Services-2 046,4 %75,0 M$-1,46 billion $
3Semtech CorporationSMTC🇺🇸United StatesTechnology-1 879,1 %61,4 M$-1,09 billion $
4Vivendi SEVIV.PA🇫🇷FranceCommunication Services-1 582,5 %452,9 M$-6,71 billion $
5Gemdale Properties and Investment Corporation Limited0535.HK🇭🇰Hong KongReal Estate-1 433,7 %51,5 M$-686,9 M$
6Viatris Inc.VTRS🇺🇸United StatesHealthcare-1 259,4 %54,7 M$-634,2 M$
7Intel CorporationINTC🇺🇸United StatesTechnology-1 210,5 %1,69 billion $-18,76 billion $
8Anglo American plcNGLOY🇬🇧United KingdomBasic Materials-1 184,1 %283,0 M$-3,07 billion $
9SK Innovation Co., Ltd.096775.KS🇰🇷KoreaEnergy-981,9 %192,1 M$-1,69 billion $
10Cosan S.A.CSAN3.SA🇧🇷OthersEnergy-961,1 %201,6 M$-1,74 billion $
11Raízen S.A.RAIZ4.SA🇧🇷OthersUtilities-917,4 %95,9 M$-784,1 M$
12V.F. CorporationVFC🇺🇸United StatesConsumer Cyclical-917,0 %118,6 M$-968,9 M$
13Jastrzebska Spólka Weglowa S.A.JSW.WA🇵🇱EuropeEnergy-828,7 %251,8 M$-1,83 billion $
14Asia Standard International Group LimitedASASF🇭🇰Hong KongFinancial Services-822,7 %102,2 M$-738,3 M$
15Hawaiian Electric Industries, Inc.HE🇺🇸United StatesUtilities-814,8 %199,2 M$-1,42 billion $
16A-Living Smart City Services Co., Ltd.3319.HK🇨🇳ChinaReal Estate-809,7 %69,3 M$-491,6 M$
17Shanghai Aiko Solar Energy Co., Ltd.600732.SS🇨🇳ChinaEnergy-802,9 %113,7 M$-799,5 M$
18Pepco Group N.V.PCO.WA🇬🇧United KingdomConsumer Defensive-794,6 %114,3 M$-794,2 M$
19Gemdale Corporation600383.SS🇨🇳ChinaReal Estate-788,5 %133,5 M$-919,0 M$
20Aozora Bank, Ltd.AOZOY🇯🇵JapanFinancial Services-672,4 %55,3 M$-316,7 M$
21Lotte Shopping Co., Ltd.023530.KS🇰🇷KoreaConsumer Cyclical-655,0 %130,7 M$-725,5 M$
22Brookfield Infrastructure CorporationBIPC🇺🇸United StatesUtilities-612,1 %113,0 M$-578,8 M$
23Sasol LimitedSSL🇿🇦OthersBasic Materials-603,1 %528,2 M$-2,66 billion $
24Forward Air CorporationFWRD🇺🇸United StatesIndustrials-588,2 %167,4 M$-817,0 M$
25Rongan Property Co.,Ltd.000517.SZ🇨🇳ChinaReal Estate-584,2 %53,7 M$-260,1 M$
26Hertz Global Holdings, Inc.HTZ🇺🇸United StatesIndustrials-564,6 %616,0 M$-2,86 billion $
27Intuitive Machines, Inc.LUNR🇺🇸United StatesIndustrials-551,3 %62,8 M$-283,4 M$
28Grieg Seafood ASAGSF.OL🇳🇴EuropeConsumer Defensive-537,8 %60,8 M$-266,2 M$
29Embracer Group AB (publ)EMBRAC-B.ST🇸🇪EuropeTechnology-508,1 %453,3 M$-1,85 billion $
30China Vanke Co., Ltd.CHVKF🇨🇳ChinaReal Estate-506,8 %1,83 billion $-7,44 billion $
31Porsche Automobil Holding SEPAH3.DE🇩🇪GermanyConsumer Cyclical-494,5 %5,67 billion $-22,39 billion $
32Patterson-UTI Energy, Inc.PTEN🇺🇸United StatesEnergy-493,0 %246,3 M$-968,0 M$
33Umicore S.A.UMI.BR🇧🇪EuropeIndustrials-484,3 %430,7 M$-1,66 billion $
34Minerva S.A.MRVSY🇧🇷OthersConsumer Defensive-470,2 %77,6 M$-287,1 M$
35Asiana Airlines, Inc.020560.KS🇰🇷KoreaIndustrials-468,0 %85,4 M$-314,2 M$
36Hongyuan Green Energy Co., Ltd.603185.SS🇨🇳ChinaIndustrials-464,2 %111,3 M$-405,3 M$
37Shikun & Binui Ltd.SKBNF🇮🇱OthersIndustrials-453,8 %91,9 M$-325,1 M$
38Impala Platinum Holdings LimitedIMPUY🇺🇸United StatesBasic Materials-453,0 %294,4 M$-1,04 billion $
39OUE LimitedLJ3.SI🇸🇬OthersReal Estate-451,6 %63,4 M$-223,0 M$
40Wharf (Holdings) LimitedWARFY🇭🇰Hong KongReal Estate-441,2 %120,5 M$-411,0 M$
41Knowles CorporationKN🇺🇸United StatesTechnology-430,8 %72,4 M$-239,5 M$
42DeNA Co., Ltd.DNACF🇯🇵JapanTechnology-423,8 %56,2 M$-182,0 M$
43Jiangsu Eastern Shenghong Co., Ltd.000301.SZ🇨🇳ChinaConsumer Cyclical-420,3 %107,8 M$-345,2 M$
44Fosun International LimitedFOSUY🇨🇳ChinaIndustrials-415,3 %207,3 M$-653,6 M$
45bpost NV/SABPOST.BR🇧🇪EuropeIndustrials-412,2 %73,5 M$-229,4 M$
46JELD-WEN Holding, Inc.JELD🇺🇸United StatesIndustrials-402,7 %62,4 M$-189,0 M$
47Natura & Co Holding S.A.NATU3.SA🇧🇷OthersConsumer Defensive-400,2 %547,9 M$-1,64 billion $
48SK IE Technology Co., Ltd.361610.KS🇰🇷KoreaTechnology-400,2 %61,6 M$-184,8 M$
49Sherborne Investors (Guernsey) C LimitedSIGC.L🇺🇸United StatesFinancial Services-393,6 %58,8 M$-172,6 M$
50TCL Zhonghuan Renewable Energy Technology Co.,Ltd.002129.SZ🇨🇳ChinaTechnology-387,4 %513,4 M$-1,48 billion $
51BTS Group Holdings Public Company LimitedBTGRF🇹🇭OthersIndustrials-385,4 %54,4 M$-155,3 M$
52NGL Energy Partners LPNGL🇺🇸United StatesEnergy-379,8 %51,4 M$-143,8 M$
53Pick n Pay Stores LimitedPKPYY🇿🇦OthersConsumer Cyclical-372,7 %70,2 M$-191,5 M$
54MicroStrategy IncorporatedMSTR🇺🇸United StatesTechnology-371,9 %429,1 M$-1,17 billion $
55Nebius Group N.V.NBIS🇳🇱EuropeCommunication Services-365,8 %241,3 M$-641,4 M$
56Perfect World Co., Ltd.002624.SZ🇨🇳ChinaCommunication Services-362,0 %73,9 M$-193,5 M$
57PJSC Group of Companies TNS energoTNSE.ME🇷🇺EuropeUtilities-361,0 %107,8 M$-281,5 M$
58Crown Castle Inc.CCI🇺🇸United StatesReal Estate-359,9 %1,50 billion $-3,90 billion $
59Figma, Inc.FIG🇺🇸United StatesTechnology-356,1 %285,9 M$-732,1 M$
60Risen Energy Co.,Ltd.300118.SZ🇨🇳ChinaEnergy-352,0 %204,9 M$-516,4 M$
61NetScout Systems, Inc.NTCT🇺🇸United StatesTechnology-347,7 %59,6 M$-147,7 M$
62eREX Co.,Ltd.9517.T🇯🇵JapanUtilities-343,8 %57,9 M$-141,3 M$
63ShenZhen Properties & Resources Development (Group) Ltd.000011.SZ🇨🇳ChinaReal Estate-340,2 %69,7 M$-167,5 M$
64Wingtech Technology Co.,Ltd600745.SS🇨🇳ChinaTechnology-339,8 %177,5 M$-425,8 M$
65MTN Group LimitedMTNOY🇿🇦OthersCommunication Services-334,4 %245,6 M$-575,8 M$
66Great Eagle Holdings LimitedGEAHF🇭🇰Hong KongReal Estate-327,1 %97,3 M$-221,1 M$
67Midea Real Estate Holding Limited3990.HK🇨🇳ChinaReal Estate-325,3 %137,3 M$-309,3 M$
68NTN Corporation6472.T🇯🇵JapanIndustrials-325,2 %67,1 M$-151,1 M$
69Brava Energia S.A.BRAV3.SA🇧🇷OthersEnergy-324,5 %74,6 M$-167,6 M$
70Tokai Carbon Co., Ltd.TKCBF🇯🇵JapanBasic Materials-322,8 %161,6 M$-360,1 M$
71China Transinfo Technology Co., Ltd002373.SZ🇨🇳ChinaTechnology-319,9 %81,5 M$-179,2 M$
72Lubelski Wegiel Bogdanka S.A.LWB.WA🇵🇱EuropeEnergy-317,2 %174,0 M$-378,1 M$
73Apollo Commercial Real Estate Finance, Inc.ARI🇺🇸United StatesReal Estate-305,8 %58,1 M$-119,6 M$
74Allegiant Travel CompanyALGT🇺🇸United StatesIndustrials-304,3 %117,6 M$-240,2 M$
75Norske Skog ASANSKOG.OL🇳🇴EuropeBasic Materials-304,2 %52,3 M$-106,7 M$
76Schaeffler AGSHA0.DE🇩🇪GermanyConsumer Cyclical-303,9 %346,7 M$-706,8 M$
77Travis Perkins plcTVPKF🇬🇧United KingdomIndustrials-303,1 %51,0 M$-103,7 M$
78Allfunds Group plcALLFG.AS🇬🇧United KingdomFinancial Services-296,6 %95,9 M$-188,5 M$
79Compass DiversifiedCODI🇺🇸United StatesIndustrials-292,2 %108,6 M$-208,9 M$
80Capri Holdings LimitedCPRI🇬🇧United KingdomConsumer Cyclical-291,9 %616,0 M$-1,18 billion $
81GCL Technology Holdings LimitedGCPEF🇭🇰Hong KongEnergy-289,3 %377,2 M$-713,9 M$
82Cleveland-Cliffs Inc.CLF🇺🇸United StatesBasic Materials-289,0 %399,0 M$-754,0 M$
83Obsidian Energy Ltd.OBE🇨🇦CanadaEnergy-287,6 %77,3 M$-145,1 M$
84Huntsman CorporationHUN🇺🇸United StatesBasic Materials-287,1 %101,0 M$-189,0 M$
85Six Flags Entertainment CorporationFUN🇺🇸United StatesConsumer Cyclical-285,6 %124,6 M$-231,2 M$
86Imerys S.A.NK.PA🇫🇷FranceBasic Materials-285,2 %57,4 M$-106,2 M$
87EDP Renováveis, S.A.EDRVF🇪🇸EuropeUtilities-280,0 %345,6 M$-622,0 M$
88Salzgitter AGSZG.DE🇩🇪GermanyBasic Materials-276,0 %223,8 M$-393,9 M$
89Array Technologies, Inc.ARRY🇺🇸United StatesEnergy-275,2 %137,2 M$-240,4 M$
90Dometic Group AB (publ)DOM.ST🇸🇪EuropeConsumer Cyclical-272,9 %135,6 M$-234,4 M$
91Brookfield Business CorporationBBUC🇺🇸United StatesFinancial Services-271,1 %519,0 M$-888,0 M$
92Beijing Urban Construction Investment & Development Co., Ltd.600266.SS🇨🇳ChinaReal Estate-270,2 %84,0 M$-142,9 M$
93Crescent Energy CompanyCRGY🇺🇸United StatesEnergy-269,5 %67,6 M$-114,6 M$
94Shanghai Jahwa United Co., Ltd.600315.SS🇨🇳ChinaConsumer Defensive-266,6 %75,2 M$-125,2 M$
95Mechel PAOMTLRP.ME🇷🇺OthersBasic Materials-266,3 %277,1 M$-460,9 M$
96Formycon AGFYB.DE🇩🇪GermanyHealthcare-265,8 %84,8 M$-140,5 M$
97Bystronic AGBYS.SW🇨🇭EuropeIndustrials-261,3 %50,8 M$-82,0 M$
98Public Joint-Stock Company Federal Hydro-Generating Company - RusHydroHYDR.ME🇷🇺OthersUtilities-261,1 %417,2 M$-672,1 M$
99ProPetro Holding Corp.PUMP🇺🇸United StatesEnergy-261,0 %85,6 M$-137,9 M$
100Chelyabinsk Metallurgical Plant PAOCHMK.ME🇷🇺OthersBasic Materials-260,4 %51,9 M$-83,3 M$

⚠ 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 2024 ranking established?
It ranks companies by their net profit decline over one year over the year 2024, 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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