From a review of US SEC files, there were 111 Non-Oil & Gas Companies headquartered in Texas with stock market caps of more than $1 bil recently and which have either December or January fiscal year ends (FYE).
These fine 111 Texas Non-Oil & Gas Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $59.8 bil in annual 2017, a decline of 5.9% from their similar Total Pretax Income of $63.6 Bil in 2016.
This 5.9% Earnings Decline in 2017 was a significant earnings growth reversal.
In 2016 before the Trump Administration took office, these same 111 Texas Non-Oil & Gas Cos posted Audited Total Pretax Income From Continuing Operations of $63.6 Bil in annual 2016, an increase of solid 7.4% from their similar Total Pretax Income of $59.2 Bil in 2015.
And in 2015, these same 111 Texas Non-Oil & Gas Cos posted Audited Total Pretax Income of $59.2 Bil in annual 2015, an increase of a superb 16.5% from their similar Total Pretax Income of $50.9 Bil in 2014.
From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for annual years 2017, 2016, 2015 and 2014 for these 111 Texas Non-Oil & Gas Companies. Dynegy and Vistra Energy were both excluded below since they went through bankruptcies and had subsequent Reorganization Credits and Charges.
| Trump | |||||||
| First | |||||||
| Year | |||||||
| 2017 | 2016 | 2015 | 2014 | ||||
| Audited | Audited | Audited | Audited | ||||
| Pretax | Pretax | Pretax | Pretax | ||||
| Income | Income | Income | Income | ||||
| (Loss) | (Loss) | (Loss) | (Loss) | ||||
| Texas Non-Oil & Gas Companies | From | From | From | From | |||
| Stock Market Caps Above $1 Bil | City | State | 2017 | Continuing | Continuing | Continuing | Continuing |
| With December and January Year Ends | HQs | HQs | FYE | Operations | Operations | Operations | Operations |
| $ mils | $ mils | $ mils | $ mils | ||||
| AT&T | Dallas | TX | Dec 17 | 15,139 | 19,812 | 20,692 | 10,355 |
| Texas Instruments | Dallas | TX | Dec 17 | 6,080 | 4,930 | 4,216 | 3,874 |
| LyondellBasell Industries | Houston | TX | Dec 17 | 5,493 | 5,233 | 6,209 | 5,712 |
| Southwest Air | Dallas | TX | Dec 17 | 3,251 | 3,547 | 3,479 | 1,816 |
| Kimberly Clark | Irving | TX | Dec 17 | 3,095 | 3,141 | 1,484 | 2,401 |
| American Air Lines | Fort Worth | TX | Dec 17 | 3,084 | 4,299 | 4,616 | 3,212 |
| Waste Management | Houston | TX | Dec 17 | 2,191 | 1,822 | 1,060 | 1,751 |
| Comerica | Dallas | TX | Dec 17 | 1,234 | 670 | 750 | 870 |
| Dr Pepper Snapple Group | Plano | TX | Dec 17 | 1,171 | 1,281 | 1,184 | 1,074 |
| Westlake Chemical | Houston | TX | Dec 17 | 1,081 | 558 | 963 | 1,084 |
| Alliance Data Systems | Plano | TX | Dec 17 | 1,081 | 837 | 932 | 838 |
| Celanese | Irving | TX | Dec 17 | 1,075 | 1,030 | 488 | 941 |
| CenterPoint Energy | Houston | TX | Dec 17 | 1,063 | 686 | (1,130) | 885 |
| Torchmark | McKinney | TX | Dec 17 | 831 | 772 | 766 | 785 |
| Santander Consumer USA | Dallas | TX | Dec 17 | 824 | 1,161 | 1,290 | 1,121 |
| Yum China Holdings | Plano | TX | Dec 17 | 810 | 672 | 496 | 17 |
| Huntsman Corp | The Woodlands | TX | Dec 17 | 647 | 474 | 488 | 404 |
| Michaels Companies | Irving | TX | Jan 18 | 606 | 582 | 572 | 351 |
| Waste Connections | The Woodlands | TX | Dec 17 | 509 | 361 | (126) | 386 |
| Crown Castle | Houston | TX | Dec 17 | 471 | 374 | 474 | 335 |
| Lennox Intl | Richardson | TX | Dec 17 | 464 | 403 | 283 | 318 |
| Cullen/Frost Bankers | San Antonio | TX | Dec 17 | 408 | 341 | 320 | 336 |
| Prosperity Bancshares | Houston | TX | Dec 17 | 406 | 409 | 430 | 446 |
| Service Corp Intl | Houston | TX | Dec 17 | 400 | 327 | 370 | 403 |
| American National Insurance | Galveston | TX | Dec 17 | 396 | 256 | 346 | 343 |
| Fluor | Irving | TX | Dec 17 | 386 | 547 | 727 | 1,205 |
| Sabre | Southlake | TX | Dec 17 | 378 | 328 | 354 | 117 |
| Trinity Industries | Dallas | TX | Dec 17 | 372 | 567 | 1,252 | 1,064 |
| Quanta Services | Houston | TX | Dec 17 | 354 | 308 | 229 | 427 |
| Weingarten Realty Investors | Houston | TX | Dec 17 | 351 | 284 | 181 | 306 |
| Cinemark Holdings | Plano | TX | Dec 17 | 345 | 361 | 348 | 290 |
| Six Flags Entertainment | Grand Prairie | TX | Dec 17 | 329 | 233 | 263 | 160 |
| Texas Capital Bancshares | Dallas | TX | Dec 17 | 326 | 241 | 224 | 212 |
| Kronos Worldwide | Dallas | TX | Dec 17 | 306 | 61 | (31) | 134 |
| Valhi | Dallas | TX | Dec 17 | 292 | 40 | (42) | 112 |
| Flowserve | Irving | TX | Dec 17 | 263 | 213 | 412 | 733 |
| McDermott | Houston | TX | Dec 17 | 260 | 82 | 65 | (37) |
| Match Group | Dallas | TX | Dec 17 | 252 | 241 | 199 | 216 |
| KBR Inc | Houston | TX | Dec 17 | 249 | 33 | 312 | (777) |
| Hilltop Holdings | Dallas | TX | Dec 17 | 243 | 231 | 283 | 178 |
| Nexstar Media Group | Irving | TX | Dec 17 | 241 | 171 | 125 | 111 |
| International Bancshares | Laredo | TX | Dec 17 | 222 | 197 | 207 | 230 |
| Group 1 Automotive | Houston | TX | Dec 17 | 219 | 227 | 182 | 164 |
| Camden Property Trust | Houston | TX | Dec 17 | 202 | 457 | 240 | 285 |
| HFF | Dallas | TX | Dec 17 | 202 | 128 | 142 | 104 |
| Main Street Capital | Houston | TX | Dec 17 | 195 | 138 | 96 | 107 |
| Venator Materials plc | The Woodlands | TX | Dec 17 | 186 | (108) | (396) | (189) |
| Cadence Bancorp | Houston | TX | Dec 17 | 183 | 98 | 59 | 71 |
| FirstCash | Fort Worth | TX | Dec 17 | 172 | 93 | 88 | 117 |
| LGI Homes | The Woodlands | TX | Dec 17 | 171 | 114 | 80 | 43 |
| Tyler Technologies | Plano | TX | Dec 17 | 162 | 129 | 108 | 94 |
| Dave & Busters Entertainment | Dallas | TX | Jan 18 | 156 | 144 | 92 | 11 |
| LegacyTexas Financial Group | Plano | TX | Dec 17 | 155 | 151 | 109 | 49 |
| El Paso Electric | El Paso | TX | Dec 17 | 149 | 151 | 117 | 133 |
| First Financial Bankshares | Abilene | TX | Dec 17 | 147 | 136 | 132 | 119 |
| National Instruments | Austin | TX | Dec 17 | 147 | 115 | 131 | 144 |
| National Western Life Group | Austin | TX | Dec 17 | 145 | 153 | 147 | 158 |
| Rush Enterprises | New Braunfels | TX | Dec 17 | 136 | 66 | 108 | 131 |
| Tailored Brands | Houston | TX | Jan 18 | 135 | 32 | (1,196) | 5 |
| Insperity | Kingwood | TX | Dec 17 | 130 | 105 | 66 | 48 |
| Independent Bank Group | McKinney | TX | Dec 17 | 122 | 80 | 58 | 44 |
| Howard Hughes Corp | Dallas | TX | Dec 17 | 121 | 321 | 151 | 39 |
| TPG Specialty Lending | Fort Worth | TX | Dec 17 | 112 | 137 | 64 | 85 |
| Primoris Services | Dallas | TX | Dec 17 | 105 | 49 | 61 | 102 |
| Comfort Systems USA | Houston | TX | Dec 17 | 101 | 101 | 89 | 40 |
| Summit Hotel Properties | Austin | TX | Dec 17 | 101 | 107 | 126 | 21 |
| Builders FirstSource | Dallas | TX | Dec 17 | 92 | 22 | (18) | 19 |
| Alamo Group | Sequin | TX | Dec 17 | 82 | 62 | 67 | 61 |
| Gamestop | Grapevine | TX | Jan 18 | 80 | 505 | 625 | 608 |
| Encore Wire | McKinney | TX | Dec 17 | 80 | 51 | 72 | 56 |
| Genesis Energy LP | Houston | TX | Dec 17 | 78 | 114 | 426 | 109 |
| Silicon Labs | Austin | TX | Dec 17 | 77 | 64 | 30 | 49 |
| Stewart Info Services Group | Houston | TX | Dec 17 | 75 | 88 | 10 | 52 |
| Kirby | Houston | TX | Dec 17 | 73 | 228 | 362 | 454 |
| American Campus Communities | Austin | TX | Dec 17 | 71 | 102 | 119 | 63 |
| Southside Bancshares | Tyler | TX | Dec 17 | 70 | 60 | 51 | 19 |
| At Home Group | Plano | TX | Jan 18 | 66 | 43 | (11) | 4 |
| Darling Ingredients | Irving | TX | Dec 17 | 64 | 123 | 99 | 81 |
| Diodes Inc | Plano | TX | Dec 17 | 63 | 25 | 41 | 86 |
| Triumph Bancorp | Dallas | TX | Dec 17 | 61 | 34 | 38 | 30 |
| Nationstar Mortgage Holdings | Coppell | TX | Dec 17 | 44 | 29 | 54 | 286 |
| Atrion | Allen | TX | Dec 17 | 42 | 39 | 41 | 42 |
| La Quinta Holdings | Irving | TX | Dec 17 | 41 | (1) | 49 | 17 |
| Argo Group Intl | San Antonio | TX | Dec 17 | 40 | 182 | 178 | 216 |
| HMS Holdings | Irving | TX | Dec 17 | 40 | 49 | 40 | 26 |
| US Concrete | Euless | TX | Dec 17 | 39 | 31 | (4) | 24 |
| Luminex | Austin | TX | Dec 17 | 37 | 20 | 33 | 28 |
| Orthofix Intl NV | Lewisville | TX | Dec 17 | 36 | 19 | 9 | 12 |
| Kraton | Houston | TX | Dec 17 | 35 | 13 | (6) | 6 |
| US Physical Therapy | Houston | TX | Dec 17 | 34 | 38 | 40 | 38 |
| Conn's | The Woodlands | TX | Jan 18 | 31 | (35) | 49 | 91 |
| Wingstop | Dallas | TX | Dec 17 | 31 | 25 | 16 | 14 |
| Integer Holdings | Frisco | TX | Dec 17 | 22 | 1 | (16) | 77 |
| Sunoco LP | Dallas | TX | Dec 17 | 20 | (16) | 185 | 50 |
| Exterran | Houston | TX | Dec 17 | 17 | (48) | 61 | 179 |
| RealPage | Richardson | TX | Dec 17 | 15 | 27 | (13) | (17) |
| Spirit Realty Capital | Dallas | TX | Dec 17 | 12 | 46 | 25 | (50) |
| MRC Global | Houston | TX | Dec 17 | 7 | (91) | (342) | 226 |
| Blucora Inc | Irving | TX | Dec 17 | 3 | (3) | (17) | (9) |
| SailPoint Technologies | Austin | TX | Dec 17 | (5) | (5) | (13) | N/A |
| Tier REIT | Dallas | TX | Dec 17 | (22) | (51) | (94) | (75) |
| Q2 Holdings | Austin | TX | Dec 17 | (26) | (36) | (25) | (20) |
| Pros Holdings | Houston | TX | Dec 17 | (78) | (75) | (65) | (25) |
| CyrusOne | Dallas | TX | Dec 17 | (81) | 22 | (18) | (13) |
| Tenet Healthcare | Dallas | TX | Dec 17 | (101) | 248 | 144 | 147 |
| Invitation Homes | Dallas | TX | Dec 17 | (106) | (78) | (160) | (270) |
| Lexicon Pharmaceuticals | The Woodlands | TX | Dec 17 | (142) | (141) | (5) | (100) |
| Cardtronics plc | Houston | TX | Dec 17 | (155) | 115 | 105 | 63 |
| Calpine | Houston | TX | Dec 17 | (313) | 159 | 173 | 983 |
| Fossil Group | Richardson | TX | Dec 17 | (454) | 114 | 312 | 558 |
| Clear Channel Outdoor Holdings | San Antonio | TX | Dec 17 | (908) | 241 | (21) | 8 |
| Total 111 Non-Oil & Gas Cos | 59,820 | 63,599 | 59,240 | 50,867 | |||
| Pretax Income % Change From Preceding Year | -5.9% | 7.4% | 16.5% |
