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Investlytic Rankings

Ranking of companies generating the most free cash-flow, excluding banks and insurance

Free cash-flow is the money actually collected by the activity once investments are paid: what remains to repay debt, pay dividends or buy back shares. Fiscal year 2025. This version excludes banks, insurers and financial companies, whose balance sheets overwhelm the general ranking.

Share prices and capitalizations at 2026-11-05·Reference fiscal year 2025·Calculated on 2026-11-08· 14749 companies ranked
Metric : free cash-flow for the fiscal year 2025, calculated as the published free cash-flow per share × the average number of shares for the same fiscal year. Currency : Amounts converted into US dollars at the exchange rate of the day of calculation; the amount in the currency of the accounts is repeated under each value. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated. Scope : Financial Services sector (banks, insurance, asset management) excluded. Scope : companies whose accounts are published in the listing currency; foreign lines off-exchange and ADRs, for which the provider's ratios are inconsistent, are excluded.
#EnterpriseMarketSector Free cash-flow (USD)Market cap
1Apple Inc.AAPL🇺🇸United StatesTechnology98,77 billion $4 997 billion $
2Saudi Arabian Oil Company2222.SR🇸🇦OthersEnergy84,43 billion $316,61 Bn SAR1 688 billion $
3Alphabet Inc.GOOG🇺🇸United StatesTechnology73,27 billion $3 481 billion $
4Microsoft CorporationMSFT🇺🇸United StatesTechnology71,61 billion $3 940 billion $
5NVIDIA CorporationNVDA🇺🇸United StatesTechnology60,85 billion $4 498 billion $
6Meta Platforms, Inc.META🇺🇸United StatesTechnology46,11 billion $1 560 billion $
7Deutsche Telekom AGDTE.DE🇩🇪GermanyCommunication Services31,57 billion $28,31 Md€138,15 billion $
8Broadcom Inc.AVGO🇺🇸United StatesTechnology26,91 billion $1 402 billion $
9Exxon Mobil CorporationXOM🇺🇸United StatesEnergy23,61 billion $676,62 billion $
10Shell plcSHEL🇬🇧United KingdomEnergy22,22 billion $290,00 billion $
11Johnson & JohnsonJNJ🇺🇸United StatesHealthcare19,70 billion $664,95 billion $
12Verizon Communications Inc.VZ🇺🇸United StatesCommunication Services19,68 billion $189,37 billion $
13AT&T Inc.T🇺🇸United StatesCommunication Services19,44 billion $145,71 billion $
14Comcast CorporationCMCSA🇺🇸United StatesCommunication Services19,23 billion $86,38 billion $
15SK hynix Inc.000660.KS🇰🇷KoreaTechnology18,18 billion $24 794 Md₩605,08 billion $
16AbbVie Inc.ABBV🇺🇸United StatesHealthcare17,82 billion $514,78 billion $
17Roche Holding AGRO.SW🇨🇭EuropeHealthcare17,16 billion $14,08 Bn CHF328,23 billion $
18LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PA🇫🇷FranceConsumer Cyclical16,77 billion $15,04 Md€224,64 billion $
19Christian Dior SECDI.PA🇫🇷FranceConsumer Cyclical16,76 billion $15,03 Md€88,78 billion $
20Petróleo Brasileiro S.A. - PetrobrasPBR🇧🇷OthersEnergy16,66 billion $91,58 billion R$119,41 billion $
21Chevron CorporationCVX🇺🇸United StatesEnergy16,59 billion $414,80 billion $
22UnitedHealth Group IncorporatedUNH🇺🇸United StatesHealthcare16,07 billion $353,79 billion $
23T-Mobile US, Inc.TMUS🇺🇸United StatesCommunication Services15,43 billion $171,61 billion $
24CNOOC Limited600938.SS🇨🇳ChinaEnergy14,53 billion $96,91 billion CN¥162,08 billion $
25The Procter & Gamble CompanyPG🇺🇸United StatesConsumer Defensive14,04 billion $383,36 billion $
26Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical13,96 billion $12,52 Md€44,35 billion $
27Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive13,86 billion $11,38 Bn CHF269,11 billion $
28Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology13,29 billion $370,01 billion $
29Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare12,85 billion $127,02 billion $
30QUALCOMM IncorporatedQCOM🇺🇸United StatesTechnology12,82 billion $176,63 billion $
31Walmart Inc.WMT🇺🇸United StatesConsumer Defensive12,66 billion $998,90 billion $
32The Home Depot, Inc.HD🇺🇸United StatesConsumer Cyclical12,65 billion $342,68 billion $
33Ford Motor CompanyF🇺🇸United StatesConsumer Cyclical12,47 billion $49,68 billion $
34Salesforce, Inc.CRM🇺🇸United StatesTechnology12,43 billion $175,83 billion $
35Merck & Co., Inc.MRK🇺🇸United StatesHealthcare12,36 billion $361,96 billion $
36ASML Holding N.V.ASML.AS🇳🇱EuropeTechnology12,36 billion $11,08 Md€551,55 billion $
37International Business Machines CorporationIBM🇺🇸United StatesTechnology12,10 billion $231,55 billion $
38China Mobile Limited600941.SS🇭🇰Hong KongCommunication Services11,39 billion $75,97 billion CN¥225,08 billion $
39General Motors CompanyGM🇺🇸United StatesConsumer Cyclical11,07 billion $73,15 billion $
40Accenture plcACN🇺🇸United StatesTechnology10,87 billion $153,97 billion $
41MercadoLibre, Inc.MELI🇺🇾OthersConsumer Cyclical10,77 billion $76,55 billion $
42Philip Morris International Inc.PM🇺🇸United StatesConsumer Defensive10,66 billion $308,42 billion $
43Siemens AGSIE.DE🇩🇪GermanyIndustrials10,12 billion $9,08 Md€224,05 billion $
44The Walt Disney CompanyDIS🇺🇸United StatesCommunication Services10,08 billion $201,59 billion $
45SanofiSAN.PA🇫🇷FranceHealthcare10,02 billion $8,99 Md€111,85 billion $
46Adobe Inc.ADBE🇺🇸United StatesTechnology9,85 billion $93,14 billion $
47Uber Technologies, Inc.UBER🇺🇸United StatesTechnology9,76 billion $140,10 billion $
48Netflix, Inc.NFLX🇺🇸United StatesCommunication Services9,46 billion $260,38 billion $
49Gilead Sciences, Inc.GILD🇺🇸United StatesHealthcare9,46 billion $207,00 billion $
50SAP SESAP.DE🇩🇪GermanyTechnology9,38 billion $8,42 Md€271,19 billion $
51BHP Group LimitedBHPLF🇺🇸United StatesBasic Materials9,29 billion $197,83 billion $
52Booking Holdings Inc.BKNG🇺🇸United StatesConsumer Cyclical9,09 billion $120,72 billion $
53Pfizer Inc.PFE🇺🇸United StatesHealthcare9,08 billion $167,51 billion $
54Altria Group, Inc.MO🇺🇸United StatesConsumer Defensive9,07 billion $126,62 billion $
55Eli Lilly and CompanyLLY🇺🇸United StatesHealthcare8,97 billion $1 274 billion $
56Vinci S.A.DG.PA🇫🇷FranceIndustrials8,93 billion $8,01 Md€68,46 billion $
57Emaar Properties PJSCEMAAR.AE🌍OthersReal Estate8,86 billion $32,52 billion AED30,08 billion $
58Kweichow Moutai Co., Ltd.600519.SS🇨🇳ChinaConsumer Defensive8,77 billion $58,51 billion CN¥272,27 billion $
59AstraZeneca PLCAZN🇬🇧United KingdomHealthcare8,67 billion $289,13 billion $
60Cigna CorporationCI🇺🇸United StatesHealthcare8,39 billion $77,58 billion $
61Amgen Inc.AMGN🇺🇸United StatesHealthcare8,10 billion $248,92 billion $
62China Telecom Corporation Limited601728.SS🇨🇳ChinaCommunication Services8,07 billion $53,82 billion CN¥87,81 billion $
63L'Oréal S.A.OR.PA🇫🇷FranceConsumer Defensive7,98 billion $7,16 Md€267,44 billion $
64Industria de Diseño Textil, S.A.ITX.MC🇪🇸EuropeConsumer Cyclical7,85 billion $7,04 Md€205,03 billion $
65Costco Wholesale CorporationCOST🇺🇸United StatesConsumer Defensive7,84 billion $466,86 billion $
66PJSC LukoilLKOH.ME🇷🇺OthersEnergy7,81 billion $639,97 billion ₽48,36 billion $
67CVS Health CorporationCVS🇺🇸United StatesHealthcare7,81 billion $107,24 billion $
68Koninklijke Ahold Delhaize N.V.AD.AS🇳🇱EuropeConsumer Defensive7,79 billion $6,99 Md€33,31 billion $
69Amazon.com, Inc.AMZN🇺🇸United StatesConsumer Cyclical7,70 billion $2 804 billion $
70HCA Healthcare, Inc.HCA🇺🇸United StatesHealthcare7,69 billion $103,40 billion $
71PepsiCo, Inc.PEP🇺🇸United StatesConsumer Defensive7,67 billion $192,61 billion $
72Lowe's Companies, Inc.LOW🇺🇸United StatesConsumer Cyclical7,65 billion $125,98 billion $
73Caterpillar Inc.CAT🇺🇸United StatesIndustrials7,45 billion $256,79 billion $
74RTX CorporationRTX🇺🇸United StatesIndustrials7,45 billion $255,76 billion $
75Abbott LaboratoriesABT🇺🇸United StatesHealthcare7,39 billion $190,22 billion $
76Newmont CorporationNEM🇺🇸United StatesBasic Materials7,30 billion $125,65 billion $
77GE AerospaceGE🇺🇸United StatesIndustrials7,26 billion $335,38 billion $
78ConocoPhillipsCOP🇺🇸United StatesEnergy7,24 billion $163,71 billion $
79McDonald's CorporationMCD🇺🇸United StatesConsumer Cyclical7,19 billion $195,68 billion $
80Lockheed Martin CorporationLMT🇺🇸United StatesIndustrials6,91 billion $131,00 billion $
81American Electric Power Company, Inc.AEP🇺🇸United StatesUtilities6,81 billion $68,90 billion $
82Advanced Micro Devices, Inc.AMD🇺🇸United StatesTechnology6,73 billion $733,05 billion $
83Gree Electric Appliances, Inc. of Zhuhai000651.SZ🇨🇳ChinaConsumer Cyclical6,70 billion $44,67 billion CN¥32,67 billion $
84Midea Group Co., Ltd.000333.SZ🇨🇳ChinaConsumer Cyclical6,33 billion $42,20 billion CN¥93,74 billion $
85Thermo Fisher Scientific Inc.TMO🇺🇸United StatesHealthcare6,29 billion $257,42 billion $
86Deutsche Post AGDHL.DE🇩🇪GermanyIndustrials6,25 billion $5,61 Md€71,83 billion $
87Tesla, Inc.TSLA🇺🇸United StatesConsumer Cyclical6,22 billion $1 416 billion $
88Intuit Inc.INTU🇺🇸United StatesTechnology6,08 billion $91,26 billion $
89Enel S.p.A.ENEL.MI🇮🇹EuropeUtilities6,04 billion $5,42 Md€107,39 billion $
90Emaar Development PJSCEMAARDEV.AE🌍OthersReal Estate6,03 billion $22,16 billion AED16,01 billion $
91Wise plcWISE.L🇬🇧United KingdomTechnology5,95 billion $4,46 Bn£10,82 billion $
92Applied Materials, Inc.AMAT🇺🇸United StatesTechnology5,70 billion $264,04 billion $
93Schneider Electric S.E.SU.PA🇫🇷FranceIndustrials5,64 billion $5,06 Md€149,82 billion $
94Union Pacific CorporationUNP🇺🇸United StatesIndustrials5,50 billion $172,38 billion $
95Honeywell International Inc.HON🇺🇸United StatesIndustrials5,42 billion $69,74 billion $
96Lam Research CorporationLRCX🇺🇸United StatesTechnology5,41 billion $250,84 billion $
97The Coca-Cola CompanyKO🇺🇸United StatesConsumer Defensive5,30 billion $411,56 billion $
98Danaher CorporationDHR🇺🇸United StatesHealthcare5,26 billion $161,86 billion $
99Diamondback Energy, Inc.FANG🇺🇸United StatesEnergy5,24 billion $50,11 billion $
100McKesson CorporationMCK🇺🇸United StatesHealthcare5,23 billion $123,68 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 ranking established?
It ranks companies according to their free cash-flow (excluding banks and insurance) for the reference year 2025, based on annual accounts and published data. No value is estimated: a company without this data is simply excluded.
Are the amounts comparable between countries?
Yes: amounts are converted to US dollars at the exchange rate of the calculation day, and the amount in the account currency is repeated under each value.
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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