Rank 2023 Rank 2022 Company Company Code Sector Net Income 2023 (In Mil PHP) 2023 vs. 2022 % Change Revenues 2023 (In Mil PHP)
Rank 2023 Rank 2022 Company Company Code Sector Net Income 2023 (In Mil PHP) 2023 vs. 2022 % Change Revenues 2023 (In Mil PHP)
Revenues
2023 2022 Code 2023 2022 2023
(in mil PHP) % change (in mil PHP)
1 1 SM Investments Corporation SM Hldg 76,989.04 24.87 621,016.55
2 2 BDO Unibank, Inc. BDO Fin'l 73,411.00 28.67 324,257.00
3 4 Bank of the Philippine Islands BPI Fin'l 51,687.00 30.51 179,543.00
4 7 Metropolitan Bank & Trust Company MBT Fin'l 42,238.00 28.87 183,085.00
5 9 SM Prime Holdings, Inc. SMPH Prop 40,010.50 32.93 130,621.39
6 11 Ayala Corporation AC Hldg 38,073.08 38.96 358,434.85
7 10 Manila Electric Company MER Ind'l 38,023.00 33.74 459,241.00
8 12 Aboitiz Power Corporation AP Ind'l 33,101.72 27.32 233,218.76
9 18 GT Capital Holdings, Inc. GTCAP Hldg 28,743.00 56.55 306,701.00
10 6 International Container Terminal Services, Inc. ICT Svcs 28,458.19 (15.54) 141,595.60
11 3 Semirara Mining and Power Corporation SCC Ind'l 27,933.30 (29.94) 78,873.54
12 31 PLDT Inc. TEL Svcs 26,614.00 153.83 210,953.00
13 13 LT Group, Inc. LTG Hldg 25,421.45 1.13 134,865.61
14 8 DMCI Holdings, Inc. DMC Hldg 24,722.37 (20.47) 129,989.17
15 5 Globe Telecom, Inc. GLO Svcs 24,512.76 (29.08) 191,646.72
16 17 Ayala Land, Inc. ALI Prop 24,507.58 31.64 148,857.41
17 14 Aboitiz Equity Ventures, Inc. AEV Hldg 23,546.29 (1.98) 344,618.01
18 15 San Miguel Food and Beverage, Inc. FB Ind'l 23,118.00 3.84 386,043.00
19 16 China Banking Corporation CHIB Fin'l 22,010.79 15.19 87,286.48
20 108 JG Summit Holdings, Inc. JGS Hldg 20,044.80 2,980.87 348,061.19
21 19 Alliance Global Group, Inc. AGI Hldg 19,615.47 21.78 210,814.10
22 29 Philippine National Bank PNB Fin'l 17,979.26 55.90 73,628.35
23 21 First Gen Corporation FGEN Ind'l 17,369.00 21.96 141,920.19
24 23 Megaworld Corporation MEG Prop 17,345.40 28.91 69,728.16
25 36 PAL Holdings, Inc. PAL Svcs 16,812.30 105.92 181,375.28
26 25 First Philippine Holdings Corporation FPH Ind'l 15,066.00 18.85 174,042.00
27 28 Rizal Commercial Banking Corporation RCB Fin'l 12,218.00 1.14 82,672.00
28 22 Universal Robina Corporation URC Ind'l 12,091.29 (13.36) 159,131.21
29 33 Robinsons Land Corporation RLC Prop 12,062.32 23.72 42,313.07
30 257 RL Commercial REIT, Inc. RCR Prop 11,463.04 305.83 12,707.42
31 20 Synergy Grid & Development Phils., Inc. SGP Ind'l 10,645.37 (29.13) 110,099.17
32 27 DDMP REIT, Inc. DDMPR Prop 10,033.77 (17.11) 11,093.29
33 51 Bloomberry Resorts Corporation BLOOM Svcs 9,527.19 84.21 48,589.56
34 48 DoubleDragon Corporation DD Prop 9,251.26 66.64 24,741.88
35 46 Petron Corporation PCOR Ind'l 9,241.00 61.36 804,222.00
36 30 Security Bank Corporation SECB Fin'l 9,105.44 (13.74) 59,412.91
37 40 Converge Information and Communications CNVRG Svcs 9,096.81 22.28 35,611.03
Technology
38 26 Union Bank of the Philippines UBP Fin'l 9,072.22 (28.00) 97,364.08
39 47 Filinvest Development Corporation FDC Hldg 8,947.47 58.34 92,841.54
40 39 Jollibee Foods Corporation JFC Ind'l 8,766.12 15.98 247,417.74
41 32 Emperador Inc. EMI Ind'l 8,705.73 (13.47) 65,643.76
42 43 Vista Land & Lifescapes, Inc. VLL Prop 8,656.05 41.44 37,004.53
43 34 Puregold Price Club, Inc. PGOLD Svcs 8,595.52 (7.45) 203,668.90
44 35 Vistamalls, Inc. STR Prop 8,532.81 2.04 15,562.08
45 42 Asia United Bank Corporation AUB Fin'l 8,252.44 31.68 22,563.67
46 262 Cebu Air, Inc. CEB Svcs 7,922.66 156.67 93,564.25
47 24 ACEN CORPORATION ACEN Ind'l 7,396.14 (43.35) 50,520.20
48 41 Cosco Capital, Inc. COSCO Hldg 7,381.79 4.65 219,270.90
49 71 D.M. Wenceslao & Associates, Incorporated DMW Prop 7,301.01 244.12 9,990.82
50 54 Ginebra San Miguel, Inc. GSMI Ind'l 7,045.87 54.95 56,229.69
1
The list of companies ranked in the PSE Quarterly Top 50 does not include listed foreign-domiciled companies and companies listed after December 31, 2023.
2
Net Income attributable to parent company shareholders. 3 Stockholders’ Equity refers to consolidated figures. 4 ROE computation uses four-quarter trailing net
shareholders.
Assets Liabilities Stockholders' ROA ROE4 EPS (in BV (in
Equity3 (%) (%) PHP) PHP)
(in million pesos)
1,586,218.51 814,018.31 772,200.21 4.85 13.83 63.00 455.48
4,477,661.00 3,959,107.00 518,554.00 1.64 14.23 13.93 97.93
2,888,372.00 2,529,002.00 359,370.00 1.79 14.47 10.45 72.23
3,104,902.00 2,738,164.00 366,738.00 1.36 11.84 9.39 79.30
943,327.58 544,440.54 398,887.04 4.24 10.10 1.39 13.72
1,608,713.29 933,771.93 674,941.36 2.37 9.60 61.43 639.78
586,042.00 418,723.00 167,319.00 6.49 31.09 33.74 108.50
487,023.31 293,048.94 193,974.37 6.80 18.38 4.59 25.00
446,616.00 199,362.00 247,254.00 6.44 12.42 133.51 1,075.05
402,575.08 296,710.62 105,864.46 7.07 32.15 14.01 43.56
85,128.44 22,750.46 62,377.98 32.81 44.78 6.57 14.68
609,519.00 499,133.00 110,386.00 4.37 25.29 123.18 486.99
1,327,396.28 1,027,160.46 300,235.82 1.92 11.96 2.35 19.64
247,995.22 110,558.07 137,437.15 9.97 22.68 1.86 8.21
611,628.19 451,701.45 159,926.74 4.01 15.33 169.96 1,108.44
846,632.48 526,703.42 319,929.06 2.89 8.95 1.64 18.33
833,874.66 458,528.22 375,346.44 2.82 8.66 4.19 48.39
355,775.00 186,660.00 169,115.00 6.50 21.17 3.91 18.48
1,478,043.22 1,327,744.82 150,298.40 1.49 14.65 8.18 55.82
1,112,257.02 667,178.20 445,078.82 1.80 5.97 2.67 44.66
782,543.05 387,975.54 394,567.51 2.51 7.52 2.18 28.95
1,210,549.40 1,019,400.75 191,148.65 1.49 9.58 11.78 122.98
340,439.95 157,006.28 183,433.67 5.10 11.68 4.83 41.35
440,572.72 179,904.87 260,667.85 3.94 7.61 0.56 7.31
219,731.60 186,428.04 33,303.56 7.65 93.42 1.45 1.55
472,175.00 227,281.00 244,894.00 3.19 10.13 32.50 320.91
1,238,332.00 1,086,057.00 152,275.00 0.99 8.02 5.05 62.93
180,301.70 61,809.84 118,491.86 6.71 10.27 5.55 54.09
235,689.67 94,214.87 141,474.81 5.12 8.90 2.49 28.00
66,298.06 2,571.27 63,726.78 17.29 17.99 1.07 5.94
466,175.50 310,720.23 155,455.27 2.28 10.54 2.02 19.18
61,901.49 2,524.72 59,376.78 16.21 16.90 0.56 3.33
160,169.88 111,913.57 48,256.31 5.95 19.69 0.83 4.23
181,239.95 86,671.58 94,568.37 5.10 17.71 3.95 22.27
443,904.00 344,269.00 99,635.00 2.08 10.16 0.99 9.70
871,509.46 735,379.12 136,130.34 1.04 6.69 12.08 180.65
101,145.03 55,899.34 45,245.69 8.99 20.11 1.25 6.23
Sector Net Income and Revenues Net Income Net Income % change
2023 2022
PSEi 711,103,246,712.60 586,932,523,121.94 21.16
Financials Sector 265,776,253,444.00 215,734,030,258.00 23.20
Industrial Sector 245,463,929,907.48 237,802,035,500.30 3.22
Holding Firms Sector 280,185,641,622.00 201,133,026,498.00 39.30
Property Sector 198,534,755,322.00 126,514,525,065.00 56.93
Services Sector 147,277,602,724.60 110,622,215,515.94 33.14
Mining & Oil Sector 10,954,297,007.99 18,784,020,986.38 (41.68)
Small, Medium and Emerging 896,692,302.00 835,246,719.00 7.36
Exchange Traded Fund 24,133,900.00 (130,002,976.00) 118.56
Quarterly Stock Market Statistics
(in pesos) 4Q 2023 3Q 2023 4Q 2022
Notes:
ROA (Return on Assets) is computed Net Income -
as: Total Assets
ROE (Return on Equity) is computed as: Net Income -
Total Shareholders'
EPS (Earnings Per Share) is computed Equity
Net Income -
as: Outstanding Shares
BV (Book Value) is computed as: Total Shareholders'
Equity
Outstanding Shares
The data contained in the PSE Quarterly Top 50 was collated by the Philippine Stock Exchange. The PSE does not make any representations
Revenues Revenues % change
2023 2022
6,990,811,308,541.34 6,535,160,713,429.49 6.97
1,227,860,246,978.00 917,047,285,924.00 33.89
3,910,218,912,647.99 3,897,727,824,809.34 0.32
5,907,878,804,094.00 5,743,625,132,313.00 2.86
687,262,351,826.00 581,180,660,130.00 18.25
1,722,017,882,011.34 1,561,283,830,434.49 10.29
82,958,609,477.02 92,258,625,912.28 (10.08)
9,974,357,149.00 8,152,282,862.00 22.35
72,676,228.00 44,399,383.00 63.69
Figures for net income, revenues, assets, liabilities and stockholders’ equity were based on the annual
financial
submitted statements
by listed companies as of May 16, 2024. All asset and liabilities figures refer to consolidated
figures.
ROA, ROE and EPS use latest available four-quarter trailing net income attributable to parent company
shareholders.
ROE computation uses stockholders’ equity attributable to parent company
shareholders.
Data is based on the submission of 263 listed companies. Foreign-domiciled companies and companies listed
after
December 31, 2023 are not included in the Top 50
lists.
The PSE does not make any representations or warranties on matters such as, but not limited to, the accuracy, timeliness, completeness, currentness, non-