Sector analysis · US
Consumer Discretionary: which companies drove growth
The 20 largest Consumer Discretionary companies by market cap at the end of Q4 2023 (31 Dec 2023), compared with Q4 2022.
The top 20 at Q4 2023
Q4 2023 vs Q4 2022: combined net profit $34.1B (+57%), median EPS +13% (15 of 20 up), market-cap-weighted price +48%. 20 of 20 reported.
| # | Company | Weight | EPS $, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Amazon.com, Inc. | 37.4% | 0.03 → 1.00 | +3,233% | +47.6 pp | +78% |
| 2 | Tesla, Inc. | 18.8% | 1.07 → 2.27 | +112% | +19.4 pp | +102% |
| 3 | The Home Depot, Inc. | 8.2% | 3.30 → 2.82 | −15% | −2.6 pp | +10% |
| 4 | McDonald's Corporation | 5.1% | 2.59 → 2.80 | +8% | +0.6 pp | +12% |
| 5 | NIKE, Inc. | 3.9% | 0.85 → 1.03 | +21% | +1.1 pp | −6% |
| 6 | Lowe's Companies, Inc. | 3.0% | 1.58 → 1.77 | +12% | +0.3 pp | +12% |
| 7 | Booking Holdings Inc. | 2.9% | 1.28 → 0.25 | −80% | −4.7 pp | +74% |
| 8 | Starbucks Corporation | 2.6% | 0.74 → 0.90 | +22% | +0.8 pp | −3% |
| 9 | The TJX Companies, Inc. | 2.5% | 0.89 → 1.22 | +37% | +1.7 pp | +18% |
| 10 | Airbnb, Inc. | 2.1% | 0.48 → −0.55 | to loss | −3.1 pp | +69% |
| 11 | MercadoLibre, Inc. | 1.9% | 3.22 → 3.25 | +1% | 0.0 pp | +89% |
| 12 | Marriott International, Inc. | 1.6% | 2.12 → 2.87 | +35% | +0.8 pp | +51% |
| 13 | Lululemon Athletica Inc. | 1.5% | 0.94 → 5.29 | +463% | +2.5 pp | +60% |
| 14 | Chipotle Mexican Grill, Inc. | 1.5% | 0.16 → 0.20 | +25% | +0.3 pp | +65% |
| 15 | O'Reilly Automotive, Inc. | 1.3% | 0.59 → 0.65 | +10% | +0.1 pp | +13% |
| 16 | D.R. Horton, Inc. | 1.2% | 2.76 → 2.82 | +2% | −0.1 pp | +71% |
| 17 | Ford Motor Company | 1.2% | 0.32 → −0.13 | to loss | −8.4 pp | +4% |
| 18 | General Motors Company | 1.1% | 1.39 → 1.59 | +14% | +0.5 pp | +10% |
| 19 | Hilton Worldwide Holdings Inc. | 1.1% | 1.21 → 0.57 | −53% | −0.8 pp | +44% |
| 20 | Ross Stores, Inc. | 1.1% | 1.31 → 1.82 | +39% | +0.7 pp | +19% |
| Sector earnings growth | 100% | +56.9 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q3 2023, as market caps moved.
Joined the top 20 since Q3 2023
Left the top 20 since Q3 2023
- AutoZone, Inc.
EPS growth by company, Q3 2023 to Q2 2026
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | +236% | +3,233% | +216% | +94% | +52% | +86% | +62% | +33% | +36% | +5% | +75% | +242% |
| TSLA | −44% | +112% | −44% | −49% | +17% | −71% | −72% | −17% | −37% | −64% | +12% | −4% |
| HD | −10% | −15% | −5% | −1% | −4% | +7% | −5% | 0% | −1% | −15% | −4% | +5% |
| MCD | +18% | +8% | +9% | −11% | −1% | 0% | −2% | +12% | +2% | +8% | +7% | +6% |
| NKE | +1% | +21% | −3% | +50% | −26% | −24% | −30% | −86% | −30% | −31% | −35% | +414% |
| LOW | +1,128% | +12% | −19% | −9% | −3% | +13% | −5% | +2% | −4% | −11% | −1% | 0% |
| BKNG | +66% | −80% | +220% | +27% | +7% | +409% | −55% | −38% | +14% | +37% | +238% | +131% |
| SBUX | +39% | +22% | −14% | −6% | −25% | −23% | −50% | −47% | −85% | −62% | +32% | +86% |
| TJX | +13% | +37% | +22% | +13% | +11% | +1% | −1% | +15% | +12% | +28% | +29% | +24% |
| ABNB | +270% | to loss | +128% | −12% | −68% | turned profitable | −39% | +20% | +4% | −26% | +4% | +33% |
| MELI | +185% | +1% | +73% | +104% | +10% | +288% | +43% | −1% | +6% | −12% | −16% | −11% |
| MAR | +30% | +35% | −21% | +13% | −18% | −44% | +24% | +3% | +29% | +2% | +1% | +2% |
| LULU | −2% | +463% | +11% | outside | outside | +16% | outside | outside | outside | outside | outside | outside |
| CMG | +28% | +25% | +24% | +32% | +22% | +20% | +8% | −3% | +4% | outside | outside | outside |
| ORLY | +17% | +10% | +10% | +3% | +1% | −3% | −3% | +5% | +12% | +12% | +16% | +10% |
| DHI | outside | +2% | +29% | +5% | −12% | outside | outside | outside | outside | outside | outside | outside |
| F | turned profitable | to loss | −25% | −2% | outside | outside | outside | outside | outside | to loss | +425% | loss, bigger |
| GM | −3% | +14% | +51% | +39% | +22% | to loss | +31% | outside | −50% | loss, bigger | −15% | −27% |
| HLT | +14% | −53% | +35% | +8% | −4% | +260% | +18% | +10% | +28% | −38% | +35% | +14% |
| ROST | +33% | +39% | outside | +20% | +11% | −2% | outside | outside | outside | +12% | +37% | +71% |