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US Top 5 by Market Cap โ€” NVIDIA, Alphabet, Apple, Microsoft, Amazon: The Numbers Tell a Different Story

๐Ÿ“Œ All figures in this article are objective data points. Nothing here constitutes a buy or sell recommendation. Investment decisions are solely your responsibility.

NVIDIA, Alphabet, Apple, Microsoft, Amazon โ€” the five most valuable companies on the US stock market. Their combined market cap is roughly $20 trillion. We all "know" these companies, but lay 31 metrics side by side and the numbers tell a different story than the headlines.

US top 5 by market cap โ€” NVIDIA $5.14T, Alphabet $4.77T, Apple $4.24T, Microsoft $3.13T, Amazon $2.90T.


1-year returns โ€” Alphabet +159%, Microsoft the only one in the red

We start every stock at the same baseline (0%) and chart the cumulative return over the past year.

Cumulative 1Y returns โ€” Alphabet +159.42%, NVIDIA +80.61%, Apple +47.10%, Amazon +43.70%, Microsoft -2.12%.

The standout is Alphabet at +159.42%. Long dismissed as falling behind in AI search and cloud, Google ended up topping this group โ€” driven by Gemini's improvements and a recovery in YouTube and ad revenue.

At the other end, Microsoft at -2.12% is the only stock in the group that lost ground over the year. The market's read: Azure growth post-Copilot fell short of expectations. NVIDIA's +80.61% is still excellent in absolute terms, but it's only second place here.

One thing worth pausing on: these are companies with market caps of $3Tโ€“$5T each. A $100B company posting +80% in a year would be front-page news. The most-followed, most-institutionally-held companies in the world delivered these returns in a single year. 2025 was clearly not an ordinary year.

๐Ÿ’ก The Index Comparison tab on StockDigging lets you overlay S&P 500 and NASDAQ on the same chart. A quick check of how much each stock outperformed the broader market.


Size and value โ€” the most valuable company has the smallest revenue

The metrics table compares all 31 indicators across categories. The best value in each row gets a โœ“.

Metric comparison โ€” Size and Value sections. Largest market cap NVIDIA $5.14T; revenue, total assets, and headcount all led by Amazon. Lowest PEG: NVIDIA at 0.65x.

On size, there's an interesting paradox. NVIDIA leads market cap at $5.14T, but its revenue of $215.94B is the lowest of the five. Revenue is led by Amazon ($716.92B), total assets also Amazon ($818.04B), and headcount also Amazon (1.57 million). Amazon sweeps all three "scale" metrics โ€” yet its market cap of $2.90T is the smallest of the five. A textbook case of "biggest company โ‰  most valuable company."

On valuation, PEG stands out. NVIDIA's PEG of 0.65x is the lowest in the group. P/E alone (42.79x) looks expensive, but factoring in 65% revenue growth, it's actually the cheapest on a growth-adjusted basis. On raw P/E, Microsoft at 26.23x is the cheapest.


Profitability and financial health

Metric comparison โ€” Profitability, Health, Dividend, Performance sections. Apple ROE 160%, NVIDIA op margin 60% and revenue growth 65%, Apple debt ratio 330%.

On profitability, ROE is led by Apple at 159.94% โ€” higher than NVIDIA's 104.37%. The reason: decades of buybacks have driven Apple's book equity to extremely low levels, mechanically inflating ROE. On operating margin and revenue growth, NVIDIA dominates with 60.38% and 65.47% respectively.

On financial health, Apple's debt ratio of 330% is by far the highest. That's not a warning sign โ€” Apple generates $98.77B in annual FCF and uses that cash for ongoing buybacks. Leverage here is a deliberate strategy, not a weakness. NVIDIA, by contrast, has a debt ratio of 31.48% and net debt/EBITDA of 0.08x โ€” the cleanest balance sheet in the group.

On dividends, Microsoft leads with a yield of 0.81%, and Alphabet's dividend growth of 38.77% is the highest. Amazon doesn't pay one. Big tech yields are structurally low for a reason โ€” these companies funnel free cash into R&D, infrastructure, and buybacks rather than dividends. If income is your goal, telecom, energy, financials, and REITs are typically the better fit.


Revenue trend โ€” Amazon's dominant scale, NVIDIA's vertical climb

Financial time series โ€” Revenue (USD), FY2022โ€“FY2026. Amazon largest in every period; NVIDIA inflects sharply higher from FY2024.

Two patterns jump out from the revenue time series. First, Amazon is the largest by revenue across every period, hitting $716.92B in FY2025 โ€” well ahead of #2 Apple at $416.16B. Second, NVIDIA was the smallest in FY2022โ€“2023, then inflects almost vertically from FY2024 onward. AI data center demand rewrote the company's scale in a span of two years โ€” visible directly in the data.

Alphabet and Microsoft show steady growth. Apple has the largest absolute revenue but the slowest growth, at +10.07%.


Try it yourself

The compare feature on StockDigging is free for everyone, no login required. Plug in your own list of stocks and you'll see returns, metrics, and financial trends on a single page.

Open the comparison for these 5 stocks โ†’

Have a stock combination you'd like analyzed, or a metric you wish were included? Feedback is always welcome.

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