Just 6% of S&P 500 Firms Are Unprofitable 📉

What We’re Showing

This graphic shows the share of companies with negative earnings in U.S. markets, based on data from Apollo as of September 2024.

Key Takeaways

• Today, a fraction of America's largest companies have negative earnings amid robust consumer demand and U.S. economic resilience.
• In 2024, S&P 500 firms are forecast to see 9.5% annual earnings growth, exceeding the 10-year average of 8.0%.
• For mid-cap companies, seen in the Russell Midcap Index, the share of companies with negative earnings stands at 14%, given their riskier nature and higher debt loads.
• While small-cap stocks have been on an impressive run this year, the share of unprofitable companies is considerably high, at 42% of firms in the Russell 2000—up from 14% two decades ago.