Independent, data-driven fundamental analysis on global industry leaders.
Specifically focus on Technology and Biotechnology.
Global Top 100 by Market Capitalization
Top 100 US Companies by Market Capitalization
Article list:
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Top 100 US companies by market capitalization
Top 100 US companies by market capitalization (as of 2026/3/30) Ranking Company Ticker Market Cap. 1 NVIDIA NVDA 4.07T 2 Apple AAPL 3.66T 3 Alphabet (Google) GOOG 3.31T 4 Microsoft MSFT 2.65T 5 Amazon AMZN 2.14T 6 Broadcom AVGO 1.43T 7 Tesla TSLA 1.36T 8 Meta (Facebook) META 1.33T 9 Berkshire Hathaway BRK-B 1.01T 10…
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Global top 100 companies by market capitalization as of 2025/12/23
The table below presents the top 100 global companies by market capitalization. Please click on the links to access articles for each company. I will continuously update the articles for each company in the list. The global top 100 companies by market capitalization (as of 2025/12/23) Rank Company ticker 1 NVIDIA NVDA 2 Apple AAPL…
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Shopify – FY25Q4 results
Shopify Q4 2025 Financial Analysis Item (Unit: USD millions) 2025 Q4 % of Total Rev YoY 2025 Full Year % of Total Rev YoY Total Revenue 3,101 100.0% +23.2% 9,835 100.0% +22.8% Subscription Solutions 781 25.2% +22.0% 2,686 27.3% +23.5% Merchant Solutions 2,320 74.8% +23.5% 7,149 72.7% +22.6% Gross Profit 1,601 51.6% +23.2% 5,065 51.5%…
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Shopify – History and Competitions
1. Founding and Early Stage (2004-2008): From Snowboards to Software Core Technology: Built on Ruby on Rails (Tobias Lütke was a core contributor). Invention of Liquid, a flexible open-source template language that allowed for high customizability of web storefronts. Core Strategy: Problem-Solution Fit. Pivoting from selling snowboards to providing a lightweight, developer-friendly alternative to the…
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T-Mobile – FY25Q4 results
Based on the T-Mobile US (TMUS) Q4 2025 earnings release, here are the key highlights: Financial Performance Key Operational Metrics Cash Flow and Shareholder Returns 2026 Guidance Here is a 5-year financial ratio analysis for T-Mobile US (TMUS), reflecting the company’s transition from the heavy integration phase of the Sprint merger to its current status…
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T-Mobile – History and Competitions
Here is the history of T-Mobile US broken down into its key evolutionary stages: Phase 1: The VoiceStream Era (1994–2001) Before it was T-Mobile, the company operated as VoiceStream Wireless, a subsidiary of Western Wireless. Core Technology: GSM (Global System for Mobile). While most U.S. carriers (Verizon/Sprint) chose CDMA, VoiceStream adopted the European GSM standard.…
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McDonald’s – FY25 results
McDonald’s FY25 Income Statement In millions, except per share data Item Q4 2025 Q4 2024 yoy % of Total Rev (2025 Q4) Revenues from franchised restaurants 4311 3958 9% 61.5% Sales by Company-owned restaurants 2536 2310 10% 36.2% Other revenues 162 120 35% 2.3% Total Revenues 7009 6388 10% 100.0% Total operating costs and expenses…
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McDonald’s – History and Competitions
Certainly! Here is the history of McDonald’s, divided into key developmental stages: 1. The Founding and the Speedee Service System (1940-1954) The story began with brothers Richard and Maurice McDonald in San Bernardino, California. 2. The Ray Kroc Era and National Expansion (1954-1961) Ray Kroc, a milkshake mixer salesman, visited the brothers and was stunned…
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L’Oreal FY25 results
L’Oréal 2025 Annual Results: Key Highlights & Analysis Financial Summary Division & Region Performance Strategic Analysis 1. Resilience Through Premiumization Despite a volatile macro environment, L’Oréal’s focus on “Luxury” and “Dermatological” segments paid off. Fragrances, in particular, acted as a powerful growth engine, proving that consumers are still willing to spend on high-value, “treat-yourself” categories.…
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L’Oreal – History and Competitions
L’Oreal’s history can be divided into several key stages, evolving from a small lab founded by a chemist into the world’s largest cosmetics group: 1909-1956: Foundation and Innovation The origins of L’Oreal are deeply rooted in scientific research. Core Products: Auréole (safe hair dye), Dop shampoo, Ambre Solaire (pioneering sunscreen). Core Strategy: R&D-driven and mass…
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China Mobile FY25Q2 results
Based on the 2025 Interim Report (A-share) for China Mobile Limited, here is a summary analysis of the company’s performance: Financial Performance Overview Market Segment Analysis Costs and Strategic Growth This financial ratio analysis highlights China Mobile’s transition from a traditional telecommunications operator to a digital service provider over the past five years: Profitability Analysis…
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China Mobile – History and Competitions
Here is the historical development of China Mobile categorized into key stages: Phase 1: Industry Incubation and Corporatization (1987–1999) Phase 2: Scale Expansion and Branding (2000–2008) Phase 3: Technological Leap and Data-Centric Shift (2009–2018) Phase 4: Digital Transformation and Computing Power (2019–Present) Key Financial Metrics (As of Mid-2025) China Mobile: Historical Revenue vs. Stock Price…
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RBC – FY25 results
Summary Analysis Based on the Royal Bank of Canada (RBC) Q4 and full-year 2025 results, here is a strategic analysis of their performance: Core Financial Growth RBC delivered a record-breaking fiscal 2025 with net income reaching 20.4billion, up 25% year-over-year. This growth was driven by a combination of higher net interest income, organic volume growth…
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RBC – History and Competitions
The Royal Bank of Canada (RBC) dates back to 1864. It has evolved from a local bank serving East Coast merchants into one of the largest banks in the world. Its development can be divided into the following five key stages: 1. The Formative Years (1864–1900) The core of this period was the transition from…
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Reliance Industries – FY25Q3 results
This is a summary of the Reliance Industries Limited (RIL) financial and operational performance for Q3 FY2025-26 (ended December 31, 2025). Consolidated Financial Highlights Segment Performance Management Commentary Chairman Mukesh D. Ambani noted that despite a challenging environment for energy margins, the company maintained earnings stability through operational efficiency and volume growth. He highlighted Jio’s…
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Reliance Industries – History and Competitions
The history of Reliance Industries can be categorized into four distinct phases, reflecting its evolution from a small trading firm to a global conglomerate: Phase 1: The Trading and Textiles Era (1958–1980) Founded by Dhirubhai Ambani, this period laid the foundation for the Reliance empire. Core Products: Spices, rayon, Vimal branded fabrics, and polyester yarn.…
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IHC – FY25Q3 results
The following is the main summary of the report of International Holding Company PJSC (IHC) and its subsidiaries (collectively the “Group”) for the nine-month period ended September 30, 2025.: 1. Financial Performance Highlights (First 9 Months of 2025) 2. Major Business Combinations and Acquisitions During this period, IHC significantly expanded its business footprint through the…
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International Holding Company (IHC) – History and Competitions
Evolution of International Holding Company (IHC.AE) The transformation of IHC from a local fish farming business into a global investment powerhouse is one of the most significant corporate stories in the United Arab Emirates. Its history can be divided into three distinct phases: 1. The Foundational Phase (1998–2018): Aquaculture and Food Core Products: Core Strategy:…
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CATL – FY25Q3 results
CATL FY25Q3 Income Statement Unit: RMB ‘000 Item Jan-Sep 2025 Jan-Sep 2024 YoY % of Total Rev Total Revenue 283,071,987 259,044,749 9.28% 100.00% Cost of Revenue 211,427,147 194,352,589 8.79% 74.69% Selling Expenses 2,408,522 2,608,019 -7.65% 0.85% Administrative Expenses 8,231,715 6,774,456 21.51% 2.91% R&D Expenses 15,067,826 13,073,136 15.26% 5.32% Financial Expenses -7,015,786 -2,894,209 142.41% -2.48% Operating…
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CATL – History and Competitions
The history of Contemporary Amperex Technology Co., Limited (CATL) is a narrative of rapid technological evolution and strategic market positioning. Founded by Robin Zeng, the company transitioned from a mobile battery specialist to the world’s leading power battery manufacturer. Its journey can be divided into four distinct phases: Phase 1: Technical Foundations and Spin-off (1999–2011)…
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AppLovin – FY25 results
AppLovin Corporation (NASDAQ: APP) delivered exceptional financial results for the fourth quarter and full year 2025, driven primarily by the continued scaling of its AI-based AXON engine and the high-margin Software Platform segment. Financial Performance Highlights AppLovin reported total revenue of 1.66 billion for the fourth quarter of 2025, a 66% increase compared to the…
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AppLovin – History and Competitions
The Evolution of AppLovin: Key Phases AppLovin (NASDAQ: APP) has undergone one of the most successful strategic pivots in recent tech history, moving from a pure-play ad network to a gaming powerhouse, and finally to a high-margin AI software leader. Phase 1: The Stealth Startup & Ad-Tech Roots (2012–2017) Core Product: AppLovin Ad Network (Mobile…