Global economic profit bounces back to an all-time high

McKinsey & Company

Marc de Jong, Peter Stumpner

Research

7 Pages

McKinsey analyzes why global economic profit rebounded sharply after years of decline, drawing on data from the four thousand largest nonfinancial companies since 2005. Gains reflect a powerful contribution from the Magnificent Seven and renewed value creation in North America and mainland China, even as energy and materials and parts of Europe lag.

Source: McKinsey Value Intelligence. As of September 4, 2025. 

Key Takeaways

Record EP level: Economic profit averaged about 1.2 trillion dollars in 2020 to 2024, fifty percent above 2005 to 2009.
Tech concentration: The Magnificent Seven generated 247 billion dollars of EP with ROIC near forty one percent.
Region mix shift: North America and China outside energy and materials added over 230 billion dollars to global EP.
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