It is that time of year when companies start reporting their results from 202. The financial results and filings are starting a steady flow for Global 5000 companies with reporting periods ending in December. Since 2020 was such an impactful year where most of us stayed at home and companies in some sectors (like travel) were rocked, we have begun updating the info on companies in the database.
As of this writing in mid February, we have approximate 500 companies with new financial info and decided to take a look at how they collectively compared to previous years — and the results aren’t bad. Some, like cruise ship lines Carnival, got hammered. Their 2019 revenue topped $20 billion and then fell to $5 billion last year. But overall — not bad.
For the chart below, we took those 500 companies with early returns and tracked their revenue over the years showing year – to year growth. Of course, we all knew that 2020 would not be like the good growth years of the past few – but the decline in revenue collectively for these 500 companies was under 2%. That seems to mirror what has been reported for most of the global economic figures.
