From
a review of US SEC filings, there were 113 Companies headquartered in Massachusetts
with stock market caps of more than $1 Bil recently.
My focus is on Pretax Income rather than on After-Tax Net Income
because Income Taxes are simply a transfer of financial wealth between US
Corporations and the US Federal, US State and Foreign Governments. It has
nothing whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Gold-Standard
US GAAP Pretax Income (Loss) From Continuing Operations for the First Six Months of
2018 and 2017 for these 113 Massachusetts Companies.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| 6 Months | 6 Months | ||
| June | June | Better | |
| July | July | (Worse) | |
| Massachusetts Companies | or Aug | or Aug | % |
| Market Caps Above $1 Bil | 2018 | 2017 | Change |
| mils $ | mils $ | ||
| Biogen | 2,673 | 2,119 | 26% |
| TJX Cos | 1,948 | 1,724 | 13% |
| General Electric | 1,744 | 1,074 | 62% |
| State Street Corp | 1,628 | 1,360 | 20% |
| Raytheon | 1,584 | 1,463 | 8% |
| Thermo Fisher Scientific | 1,440 | 1,129 | 28% |
| Analog Devices | 843 | 214 | |
| Boston Scientific | 670 | 396 | |
| Eversource Energy | 670 | 789 | |
| Skyworks Solutions | 603 | 588 | |
| American Tower | 567 | 746 | |
| Keurig Dr Pepper | 531 | 530 | |
| Vertex Pharmaceutical | 432 | 290 | |
| Boston Properties | 377 | 283 | |
| Senior Housing Properties Trust | 362 | 49 | |
| Waters Corp | 316 | 261 | |
| IPG Photonics | 306 | 243 | |
| LPL Financial Holdings | 283 | 188 | |
| MKS Instruments | 275 | 235 | |
| Eaton Vance | 275 | 239 | |
| Sensata Technologies plc | 234 | 184 | |
| Teradyne | 216 | 299 | |
| Hanover Insurance Group | 201 | 170 | |
| Hospitality Properties Trust | 179 | 99 | |
| Iron Mountain | 167 | 169 | |
| Dunkin Brands Group | 141 | 145 | |
| Entegris | 135 | 93 | |
| Charles River Labs | 133 | 155 | |
| Akamai Technologies | 120 | 191 | |
| Acushnet Holdings | 117 | 114 | |
| Cognex | 105 | 101 | |
| PerkinElmer | 100 | 111 | |
| Aspen Technology | 99 | 99 | |
| Abiomed | 97 | 63 | |
| Bright Horizons Family Sol | 96 | 87 | |
| BrightSphere Invest Group plc | 90 | 43 | |
| Watts Water Technologies | 89 | 71 | |
| athenahealth | 80 | 11 | |
| Bruker | 79 | 62 | |
| Berkshire Hills Bancorp | 74 | 50 | |
| Independent Bank Corp | 74 | 61 | |
| TripAdvisor | 63 | 69 | |
| Select Income REIT | 56 | 34 | |
| Brookline Bancorp | 54 | 46 | |
| Boston Private Financial Hldgs | 53 | 55 | |
| LogMein | 48 | (34) | |
| Brooks Automation | 48 | 36 | |
| RMR Group | 46 | 44 | |
| Safety Insurance Group | 44 | 47 | |
| Enanta Pharmaceuticals | 42 | (22) | |
| Progress Software | 41 | 38 | |
| iRobot Corp | 41 | 27 | |
| Stag Industrial | 40 | 1 | |
| Boston Beer | 40 | 50 | |
| Altra Industrial Motion | 39 | 36 | |
| Industrial Logistics Proprties Trst | 38 | 42 | |
| Rudolf Technologies | 35 | 22 | |
| Clean Harbors | 35 | 31 | |
| Meridian Bancorp | 34 | 32 | |
| Kadant | 33 | 23 | |
| Casa Systems | 33 | 35 | |
| Novanta | 29 | 50 | |
| Mercury Systems | 23 | 21 | |
| PTC Inc | 22 | - | |
| Government Properties Inc Trust | 19 | 20 | |
| Haemonetics | 16 | (36) | |
| Vicor | 12 | (1) | |
| Virtusa Corp | 11 | 21 | |
| Repligen | 8 | 8 | |
| Car Gurus | 6 | 13 | |
| BJ's Wholesale Club | (2) | (61) | |
| NxStage Medical | (3) | (5) | |
| Cimpress NV | (4) | (94) | |
| Endurance Intl Group Hldgs | (5) | (59) | |
| Insulet | (7) | (18) | |
| Carbonite | (9) | (13) | |
| Mimecast Ltd | (10) | (3) | |
| Pegasystems | (13) | 56 | |
| Acacia Communications | (24) | 24 | |
| Everbridge | (29) | (10) | |
| Rapid7 | (30) | (22) | |
| Hub Spot | (33) | (21) | |
| GCP Applied Technologies | (35) | (5) | |
| Intellia Therapeutics | (44) | (28) | |
| Carbon Black | (46) | (25) | |
| Acceleron Pharma | (55) | (55) | |
| Epizyme | (63) | (61) | |
| CRISPR Therapeutics AG | (66) | (43) | |
| Alexion Pharmaceuticals | (67) | 400 | |
| Foundation Medicine | (70) | (90) | |
| Editas Medicine | (70) | (57) | |
| Wave Life Sciences Ltd | (71) | (44) | |
| Karyopharma Therapeutics | (72) | (59) | |
| Cabot | (75) | 150 | |
| Immunogen | (81) | (26) | |
| Blueprint Medicines | (84) | (61) | |
| Flexion Therapeutics | (86) | (53) | |
| Alkermes | (91) | (119) | |
| Sage Therapeutics | (92) | (127) | |
| Ironwood Pharmaceuticals | (92) | (97) | |
| Akcea Therapeutics | (92) | (84) | |
| Net Scout Systems | (94) | - | |
| MACOM Tech Solutions | (113) | (55) | |
| Momenta Pharmaceutics | (118) | (69) | |
| Radius Health | (131) | (125) | |
| Sarepta Therapeutics | (144) | 23 | |
| Agios Pharmaceuticals | (160) | (149) | |
| Nuance Communications | (164) | (50) | |
| Wayfair | (208) | (95) | |
| bluebird bio | (261) | (140) | |
| Alnylam Pharmaceuticals | (304) | (225) | |
| Tesaro | (330) | (289) | |
| Hologic | (586) | 1,043 | |
| Total all 113 Massachusetts Companies | 17,030 | 16,166 | 5% |
