Friday, June 26, 2020

Excluding GE, the 110 Largest Massachusetts Companies Total Pretax Earnings (TPTI) Declined By 39% in the 1Q 2020, With the 29 Cos With Market Caps Above $10 Bil Posting a TPTI Drop of 30% and With the 81 Cos With Market Caps of $1-10 Bil Posting a TPTI Drop of a Much Larger 158% ..... GE Was Isolated Out Because It Recorded a Non-Operating Gain of an Off-the-Charts $12.3 Bil in the 1Q 2020 Which Resulted From the Sale of Its BioPharma Business.

From a review of Company SEC filings and predominately the Google Finance website, I found 111 Massachusetts Companies with stock market caps above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 111 Massachusetts Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Massachusetts Largest Companies 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
General Electric Boston             6,475             1,122
Companies With Stock Market Caps Above $10 Bil
Thermo Fisher Scientific Waltham                828                817
American Tower Boston                440                442
Raytheon Technologies Waltham                955             1,822
Vertex Pharmaceutical Boston                657                320
TJX Cos Framingham           (1,343)                936
Boston Scientific Marlborough                  22                457
Analog Devices Norwood                295                408
Biogen Cambridge             1,699             1,860
Keurig Dt Pepper Burlington                205                315
Eversource Energy Springfield                429                394
Alexion Pharmaceuticals Boston                664                542
Moderna Cambridge              (124)              (133)
State Street Corp Boston                774                635
Skyworks Solutions Woburn                203                241
Wayfair Boston              (285)              (200)
Alnylam Pharmaceuticals Cambridge              (182)              (181)
Akamai Technologies Cambridge                138                132
Beigene Ltd Cambridge              (363)              (168)
Hologic Marlborough                119              (354)
Teradyne North Reading                197                  94
Boston Properties Boston                577                131
Sarepta Therapeutics Cambridge                (17)                (77)
Insulet Acton                  (3)                    5
DraftKings Boston                    1                  (0)
Dynatrace Diamond Therapeutics Waltham                    1                (44)
Waters Corp Milford                  58                117
Abiomed Danvers                  39                  99
PerkinElmer Waltham                  35                  37
Cognex Natick                  23                  36
Total 29 Cos With Stock Market Caps Above $10 Bil             6,042             8,683
-30%
Companies With Stock Market Caps of $1-10 Bil
Hub Spot Cambridge                (17)                (10)
PTC Inc Boston                  16                (33)
Charles River Labs Wilmington                  55                  66
IPG Photonics Oxford                  48                  72
Entegris Billerica                  70                  38
Pegasystems Cambridge                (49)                (37)
Iron Mountain Boston                  75                  41
Nuance Communications Burlington                    1                (29)
Aspen Technology Bedford                  51                  75
Bright Horizons Family Solutions Watertown                  33                  51
Boston Beer Boston                  21                  30
Repligen Waltham                  11                  11
MKS Instruments Andover                  81                  15
Bruker Billerica                  14                  38
LPL Financial Holdings Boston/ San Diego                208                204
Sensata Technologies plc Attleboro                    7                107
Acceleron Pharma Cambridge                (51)                (38)
Dunkin Brands Group Canton                  71                  71
BJ's Wholesale Club Westborough                122                  43
Everbridge Burlington                (26)                (14)
CRISPR Therapeutics AG Cambridge                (69)                (48)
Momenta Pharmaceutics Cambridge                (40)                (45)
Haemonetics Boston                  22                  22
Blueprint Medicines Cambridge              (111)                (87)
Stag Industrial Boston                  65                    7
Eaton Vance Boston                143                118
LogMein Boston                (15)                  (9)
Mercury Systems Andover                  29                  19
bluebird bio Cambridge              (203)              (164)
Agios Pharmaceuticals Cambridge                (40)                (93)
Hanover Insurance Group Worchester                (54)                149
Novanta Bedford                  12                  12
Deciphera Pharmaceuticals Waltham                (73)                (47)
UniFirst Wilmington                  46                  63
Clean Harbors Norwell                  21                    7
Brooks Automation Chelmsford                  13                  (4)
Vicor Andover                  (2)                    5
Karuna Therapeutics Boston                  (9)                (12)
Alkermes Waltham                (31)              (100)
Acacia Communications Maynard                  15                    5
Mimecast Ltd Lexington                    4                  (2)
Watts Water Technologies North Andover                  45                  43
CarGurus Cambridge                  13                    9
Acushnet Holdings Fairhaven                  17                  48
Rapid7 Boston                (23)                (11)
TripAdvisor Needham                (27)                  33
Apellis Pharmaceuticals Waltham              (169)                (51)
iRobot Corp Bedford                (20)                  24
MACOM Technology Solutions Lowell                  (9)                (46)
Sage Therapeutics Cambridge              (127)              (163)
Independent Bank Corp Rockland                  29                  47
Cimpress NV Waltham                (82)                  10
Cabot Boston                  12                  49
Altra Industrial Motion Braintree              (114)                  46
Dicerna Pharmaceuticals Lexington                (22)                (26)
Net Scout Systems Westford                  13                  29
Akebia Therapeurics Cambridge                (61)                (75)
Forma Therapeutics Holdings Watertown                  (8)                  36
Editas Medicine Cambridge                (38)                (29)
Progress Software Bedford                  27                  13
Epizyme Cambridge                (51)                (29)
Ironwood Pharmaceuticals Boston                    3                (22)
EverQuote Cambridge                  (1)                  (4)
Black Diamond Therapeutics Cambridge                (12)                  (4)
Akcea Therapeutics Boston                (44)                  27
Mersana Therapeutics Cambridge                (17)                  22
Cerence Burlington                    6                    0
Constellation Pharmaceuticals Cambridge                (25)                (19)
Karyopharm Therapeutics Newton                (53)                (66)
Beam Therapeutics Cambridge                (30)                (14)
Ameresco Framingham                    4                    3
Industrial Logistics Properties Trust Newton                  13                  16
Office Properties Income Trust Newton                  11                  35
GCP Applied Technologies Cambridge                  (0)                  (2)
Translate Bio Lexington                (14)                (34)
Service Properties Trust Newton                (33)                226
Intellia Therapeutics Cambridge                (32)                (22)
Safety Insurance Group Boston                  (3)                  36
Kadant Westford                  17                  15
Generation Bio Cambridge                (18)                (14)
Enanta Pharmaceuticals Watertown                (10)                    1
Total 81 Cos With Stock Market Caps of $1-10 Bil              (369)                635 -158%
Total of all 110 Massachusetts Companies … No GE             5,672             9,318 -39%