Companies’ profit growth has far outpaced workers’ wages

Guardian analysis of 100 top US companies percent change from the most recent reported quarterly profits to two years prior.

Steel Dynamics

Commodity - steel

+809%

Albertsons

Food - grocery

+671

Amazon

Retail

+333

Chevron

Commodity - oil

+144

PulteGroup

Commodity - homes

+97

Keurig Dr Pepper

Food - manufacturing

+83

Lennar

Commodity - homes

+78

Hershey

Food - production

Of the 100

companies

analyzed,

on avg. profits

grew 49%

+62

ADM

Commodity - food

+55

Nike

Consumer goods

+53

Median company

+49

Home Depot

Retail

+38

Kohl's

Retail

+18

Procter & Gamble

Consumer goods

+14

US median wages

increased 1.6%

from Q1 2020

to Q1 2022

Kroger

Food - grocery

+5

General Motors

Automotive

+4

+1.6

US workers’ wages

TJX

Retail, clothing

-5

Cheesecake Factory

Food - restaurant

-96

Steel Dynamics

Commodity - steel

+809%

Albertsons

Food - grocery

+671

Amazon

Retail

+333

Chevron

Commodity - oil

+144

PulteGroup

Commodity - homes

+97

Keurig Dr Pepper

Food - manufacturing

+83

Lennar

Commodity - homes

+78

Hershey

Food - production

+62

Of the 100 companies

analyzed, on average

their profits

grew 49%

ADM

Commodity - food

+55

Nike

Consumer goods - clothing

+53

Median company

+49

Home Depot

Retail

+38

Kohl's

Retail

+18

Procter & Gamble

Consumer goods

+14

US median wages

increased 1.6% from

Q1 2020 to Q1 2022

Kroger

Food - grocery

+5

General Motors

Automotive

+4

US workers’ wages

+1.6

TJX

Retail, clothing

-5

Cheesecake Factory

Food - restaurant

-96

Steel Dynamics

Commodity - steel

+809%

Albertsons

Food - grocery

+671

Amazon

Retail

+333

Chevron

Commodity - oil

+144

PulteGroup

Commodity - homes

+97

Keurig Dr Pepper

Food - manufacturing

+83

Lennar

Commodity - homes

+78

Hershey

Food - production

+62

ADM

Commodity - food

Of the 100 companies

analyzed, on average

their profits grew 49%

+55

Nike

Consumer goods - clothing

+53

Median company

+49

Home Depot

Retail

+38

Kohl's

Retail

+18

Procter & Gamble

Consumer goods

+14

US median wages

increased 1.6% from

Q1 2020 to Q1 2022

Kroger

Food - grocery

+5

General Motors

Automotive

+4

US workers’ wages

+1.6

TJX

Retail, clothing

-5

Cheesecake Factory

Food - restaurant

-96

Steel Dynamics

Commodity - steel

+809%

Albertsons

Food - grocery

+671

Amazon

Retail

+333

Chevron

Commodity - oil

+144

PulteGroup

Commodity - homes

+97

Keurig Dr Pepper

Food - manufacturing

+83

Lennar

Commodity - homes

+78

Hershey

Food - production

+62

ADM

Commodity - food

Of the 100 companies

analyzed, on average

their profits grew 49%

+55

Nike

Consumer goods - clothing

+53

Median company

+49

Home Depot

Retail

+38

Kohl's

Retail

+18

Procter & Gamble

Consumer goods

+14

US median wages

increased 1.6% from

Q1 2020 to Q1 2022

Kroger

Food - grocery

+5

General Motors

Automotive

+4

US workers’ wages

+1.6

TJX

Retail, clothing

-5

Cheesecake Factory

Food - restaurant

-96

Steel Dynamics

Commodity - steel

+809%

Albertsons

Food - grocery

+671

Amazon

Retail

+333

Chevron

Commodity - oil

+144

PulteGroup

Commodity - homes

+97

Keurig Dr Pepper

Food - manufacturing

+83

Lennar

Commodity - homes

+78

Hershey

Food - production

+62

ADM

Commodity - food

Of the 100 companies

analyzed, on average

their profits grew 49%

+55

Nike

Consumer goods - clothing

+53

Median company

+49

Home Depot

Retail

+38

Kohl's

Retail

+18

Procter & Gamble

Consumer goods

+14

US median wages

increased 1.6% from

Q1 2020 to Q1 2022

Kroger

Food - grocery

+5

General Motors

Automotive

+4

US workers’ wages

+1.6

TJX

Retail, clothing

-5

Cheesecake Factory

Food - restaurant

-96

Guardian graphic. Source: Company profit growth is calculated using the most recent quarterly SEC filing compared to the same quarter two years prior. Companies’ quarterly calendars differ, their most recent profits range from late 2021 to early 2022. For fair comparison, 10 companies with negative profits are not included in the median growth figure. US workers’ wage growth from BLS is the change in the inflation adjusted median weekly earnings of private employees between the first three months of 2020 and 2022.