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Sector analysis · US

Consumer Discretionary: which companies drove growth

The 20 largest Consumer Discretionary companies by market cap at the end of Q4 2025 (31 Dec 2025), compared with Q4 2024.

The top 20 at Q4 2025

Q4 2025 vs Q4 2024: combined net profit $22.7B (−32%), median EPS −5% (9 of 20 up), market-cap-weighted price +6%. 20 of 20 reported.

Quarter
Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Compared with
YoYQoQ

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#CompanyWeightEPS $, base → nowEPS growthContributionPrice
1Amazon.com, Inc.AMZN41.5%1.86 → 1.95+5% +2.8 pp+6%
2Tesla, Inc.TSLA24.3%0.66 → 0.24−64% −3.5 pp+11%
3The Home Depot, Inc.HD5.7%3.02 → 2.58−15% −1.0 pp−12%
4McDonald's CorporationMCD3.6%2.80 → 3.03+8% +0.4 pp+6%
5The TJX Companies, Inc.TJX2.9%1.23 → 1.58+28% +0.9 pp+27%
6Booking Holdings Inc.BKNG2.8%1.28 → 1.75+37% +0.9 pp+6%
7Lowe's Companies, Inc.LOW2.3%2.00 → 1.78−11% −0.3 pp−2%
8MercadoLibre, Inc.MELI1.7%12.60 → 11.03−12% −0.2 pp+18%
9Starbucks CorporationSBUX1.6%0.69 → 0.26−62% −1.2 pp−8%
10NIKE, Inc.NKE1.6%0.78 → 0.54−31% −0.9 pp−16%
11Carvana Co.CVNA1.6%0.11 → 1.19+964% +1.9 pp+37%
12Marriott International, Inc.MAR1.4%1.62 → 1.65+2% 0.0 pp+12%
13Airbnb, Inc.ABNB1.4%0.73 → 0.54−26% −0.3 pp−1%
14O'Reilly Automotive, Inc.ORLY1.3%0.63 → 0.71+12% +0.1 pp+11%
15Royal Caribbean Cruises Ltd.RCL1.3%2.00 → 2.76+38% +0.5 pp+23%
16General Motors CompanyGM1.3%−1.53 → −3.60loss, bigger −0.8 pp+75%
17Hilton Worldwide Holdings Inc.HLT1.1%2.05 → 1.28−38% −0.5 pp+15%
18Ross Stores, Inc.ROST1.0%1.79 → 2.00+12% +0.1 pp+19%
19AutoZone, Inc.AZO0.9%32.52 → 31.04−5% −0.1 pp+4%
20Ford Motor CompanyF0.9%0.45 → −2.77to loss −30.7 pp+35%
Sector earnings growth100%−31.9 pp

Who joined and who left

2 joined and 2 left the top 20 since Q3 2025, as market caps moved.

Joined the top 20 since Q3 2025 2

Left the top 20 since Q3 2025 2

  • was #18 Coupang, Inc. CPNG
  • was #20 Chipotle Mexican Grill, Inc. CMG

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.

≤ −40%−20%0+20%≥ +40% Blue is growth, red is decline, grey is about zero; the colour stops deepening at ±40%.
  • turned profitableto loss crossed zero, so there is no growth rate to print
  • loss, smallerloss, bigger a loss in both quarters
  • outside not in the sector's top 20 that quarter
EPS growth of each company in the sector's top 20, by quarter
CompanyQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 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%
TJX+13%+37%+22%+13%+11%+1%−1%+15%+12%+28%+29%+24%
BKNG+66%−80%+220%+27%+7%+409%−55%−38%+14%+37%+238%+131%
LOW+1,128%+12%−19%−9%−3%+13%−5%+2%−4%−11%−1%0%
MELI+185%+1%+73%+104%+10%+288%+43%−1%+6%−12%−16%−11%
SBUX+39%+22%−14%−6%−25%−23%−50%−47%−85%−62%+32%+86%
NKE+1%+21%−3%+50%−26%−24%−30%−86%−30%−31%−35%+414%
CVNAoutsideoutsideoutsideoutsideoutsideoutside+504%+814%+61%+964%+13%+64%
MAR+30%+35%−21%+13%−18%−44%+24%+3%+29%+2%+1%+2%
ABNB+270%to loss+128%−12%−68%turned profitable−39%+20%+4%−26%+4%+33%
ORLY+17%+10%+10%+3%+1%−3%−3%+5%+12%+12%+16%+10%
RCLoutsideoutsideoutsideoutsideoutside+89%+100%+42%+36%+38%+29%−5%
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%outsideoutsideoutside+12%+37%+71%
AZO+15%outside+17%+8%+11%0%−2%−4%−6%−5%−2%+8%
Fturned profitableto loss−25%−2%outsideoutsideoutsideoutsideoutsideto loss+425%loss, bigger