Study: Large companies in America and Asia outperformed their European counterparts in terms of revenue and profits

A study conducted by the audit and economic consulting firm Ernst & Young revealed that large companies from the United States and Asia outperformed major European companies in terms of revenue and profits last year.

The study analyzed the results of 1,000 listed companies with the highest revenues in the world.

According to the study, the revenues of large companies in the United States increased by an average of 54.5% in 2024, while the increase rate for large companies in Asia was 3.2%. In contrast, large companies in Europe experienced a revenue decline of 1.1%.

The study stated that Asian companies increased their operating profits by about a fifth (19.5%), while companies in the United States increased their profits by 8.2%, while in Europe, the profits of large companies decreased by an average of 6.5%. Jan Brorhilker, an expert at Ernst & Young, said, “Large European companies are under increasing pressure from global competition, particularly due to weak industrial sectors, geopolitical tensions, and tariff burdens.” He emphasized that Europe’s particular strength in the industrial sector has proven to be a significant challenge at the present time, as traditional industries such as the automotive sector are undergoing a radical transformation, and US tariffs are leading to further financial burdens.