Big Bucks, Little Benefits: The 36K Corporate Giants
·48 words·1 min
Interesting data points: There are ~36K US companies with revenue of $50M or more. They own 85% of all corporate assets. About 59% of their revenue is spent on cost of goods, 9% on salaries, 1.2% employee benefits and show 7% of revenue as “net income”.
https://www.irs.gov/statistics/soi-tax-stats-table-5-returns-of-active-corporations