European and US firms by market cap

How do they differ?

When comparing the largest European and US firms by market capitalization, we observe some key differences:

Market Capitalization Landscape

• Valuation Range:

  • Top US firms: $2-3 trillion

  • Top European firms: $200-400 billion

• Scale Difference: The market capitalization of top US tech companies is significantly larger than European counterparts.

• Industry Concentration:

  • US: Heavily technology-focused

  • Europe: More diversified across industries like pharmaceuticals, luxury goods, and technology. The top European companies by market cap are primarily from diverse industries:

    • LVMH (Luxury Goods)

    • Novo Nordisk A/S (Pharmaceuticals)

    • SAP SE (Technology)

The stark contrast highlights the technological dominance of US companies in the global market, particularly in the tech sector, compared to the more industry-diverse European corporate landscape.

As of January 22, 2025, the biggest European firms by market capitalization are: