The Unstoppable Force in the Stock Market
As we approach the end of 2024, one behemoth of a stock continues to defy expectations, flying under the radar despite its remarkable performance. With a year-to-date gain of 37%, this company deserves a closer examination to understand its remarkable success.
A Glimpse into the Giant’s Inner Workings
The company in question boasts a staggering market capitalization of $2.2 trillion and annual revenue of around $600 billion, making it the fifth-largest American company by market cap and the second-largest by revenue. This massive size is comprised of several business units that would be enormous companies in their own right if they were standalone businesses.
The Powerhouse of Diversification
Take, for instance, its cloud computing arm, which generates over $100 billion in annual revenue and is growing at an impressive 19% year-over-year rate. If it were a publicly traded company, it would rank among the top 33 American stocks by revenue, outpacing industry giants like Tesla and Nvidia. The company’s advertising business is equally impressive, with sales of around $50 billion over the last 12 months, rivaling the annual revenue of athletic powerhouse Nike.
The E-commerce Juggernaut
And then, of course, there’s the company’s most well-known business – its gigantic e-commerce unit, which generates nearly half a trillion dollars in revenue annually. While not all of the company’s units are growing as rapidly or profitably as they once were, this diverse range of businesses is a key reason behind the company’s continued success.
A Recipe for Long-Term Success
The company’s ability to deliver increasing revenue and profits has made it a great stock to own. A review of its most recent quarterly earnings report reveals some impressive metrics: 11% total revenue growth, $17.4 billion in operating income (an all-time high), and $70.8 billion in 12-month free cash flow (also an all-time high). These indicators suggest that the company’s CEO is executing his vision, making the company more efficient, and delivering higher profits and free cash flow.
Why Investors Should Take Notice
With a stock that’s up over 1,000% in just the last decade, it’s clear that this company is executing at an exceptional level. As profits and free cash flow continue to grow, investors can expect increased shareholder value through dividend payments, share buybacks, capital investment, and strategic acquisitions.
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