Companies are the sums of their cultures and decisions: Money doesn't tell the whole story. A successful company needs much more than a profitable year to win the respect of its customers and keep employees happy.
Stacker looked to Fortune's top 50 most admired companies (last updated January 2019) to get a better picture of which companies stand out amongst the rest. To make the list, Fortune partnered with global organizational consulting firm Korn Ferry to create, distribute, and analyze a survey of company reputations around the world. The study started with 1,500 companies: the 1,000 biggest companies in the U.S. ranked by revenue; and companies outside the U.S. with revenues exceeding $10 billion from Fortune's Global 500 database. From there, Fortune honed the list down to 680 companies in 30 countries with the highest sales in 52 different industries. More than 3,500 executives from those companies voted on the list, ranking businesses on nine factors including investment value to products. Companies had to score in the top half of their respective industries to make the final list.
The 3,750 directors, executives, and securities analysts who took the industry surveys were then tasked with going through high-ranking companies from last year's surveys, including companies listed in the top 25% and companies that ranked in the top 20% of their respective industries.
Here, Stacker explores Fortune's list of the world's most admired companies, reviewing the details behind each company and likely reasons for inclusion on this list. Company histories and discussions about their legacy are included. Read on to find out the top dogs in the world of business.
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Open Grid Scheduler // Flickr
1 / 51#50. Samsung Electronics (tie)
Industry: Electronics
Samsung started out in 1938 as a trading company that later invested profits into electronics development (among other industries). The company had a quick response to its “exploding battery” scandal in previous years: Production of the culprit, the Galaxy Note 7 smartphone, was permanently stopped in the name of consumer safety. Recently in 2018 Samsung created QLED (quantum dot light-emitting diode) TVs with ambient modes that specifically did not require an always-on camera, which is a privacy concern.
WClarke // Wikimedia Commons
2 / 51Mike Mozart // Flickr
3 / 51Dat Nguyen // Flickr
5 / 51Ken Wolter // Flickr
6 / 51#45. Publix Super Markets
Maurizio Pesce // Flickr
8 / 51Kārlis Dambrāns // Flickr
10 / 51#42. Visa
Industry: Consumer credit card and related services
Visa's place on this list could be slightly surprising to some: Stock sell-off earlier in the year was only the beginning of bad times for Visa. The company, founded in 1958, has faced data privacy troubles and a #MeToo scandal surrounding its spokesman Morgan Freeman.
#41. PepsiCo
Industry: Consumer food products
In 2018 PepsiCo lost Indra Nooyi, its first female CEO since its founding in 1965. She is credited for encouraging the company to invest in healthier products, such as Bare Foods and the acquisition of SodaStream. PepsiCo has also made contributions toward ending world hunger.
Mark Ahsmann // Wikimedia Common
12 / 51Dmitry Rukhlenko // Shutterstock
13 / 51Gints Ivuskans // Shutterstock
16 / 51Ron Cogswell // Flickr
17 / 51#35. CVS Health
Industry: Health care—pharmacy and other services
CVS Health may never have imagined in 1982 that it'd be merging with fellow giant Aetna. This move, on top of pushing virtual care and a new customer membership program, highlights positive strides made by the company.
N509FZ // Wikimedia Commons
18 / 51#34. Alibaba Group Holdings
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19 / 51#33. UPS
Industry: Delivery
Starting in 1907 on foot and bicycle, UPS is now known for delivering packages in their signature brown trucks. But 2018 was a year in which their stock plummeted and they narrowly avoided a major labor strike.
Mike Mozart // Flickr
20 / 51Jonathan Weiss // Shutterstock
21 / 51Dwight Burdette // Wikimedia Commons
25 / 51Oriez // Wikimedia Commons
26 / 51MikeMozartJeepersMedia // Wikimedia Commons
27 / 51Lars Plougmann // Flickr
28 / 51Jörg Zägel // Wikimedia Commons
29 / 51#23. Marriott International
David Tran Photo // Shutterstock
30 / 51Ildar Sagdejev // Wikimedia Commons
31 / 51Mike Mozart // Flickr
32 / 51Rob Bulmahn // Flickr
33 / 51Open Grid Schedule // Flickr
35 / 51#17. Johnson & Johnson
Industry: Pharmaceuticals
Founded in 1886, Johnson & Johnson this years set itself apart by collaborating with 15 companies and organizations to tackle areas in need of medical research. However, they also had a scandal surrounding asbestos in their baby powder products—along with an allegation that executives had known about it for decades.
Mike Mozart // Flickr
37 / 51Medullaoblongata Projekt // Wikimedia Commons
38 / 51Stu pendousmat // Wikimedia Commons
40 / 51Bjorn Bakstad // Shutterstock
43 / 51Robbie Shade // Flickr
45 / 51Coolcaesar // Wikimedia Commons
48 / 51Jonathan Weiss // Shutterstock
49 / 51#3. Berkshire Hathaway
Industry: Insurance—property and casualty
Berkshire Hathaway may have been founded in 1839, but Warren Buffett (the highly regarded financier at the top of the company) has only been running the show since 1965. He led the company to a good year in 2018 and was explicit about how the company was planning to spend its cash.
Navy Petty Officer 1st Class Tim D. Godbee // DoD
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