Saturday, September 26, 2020

The 111 Largest Massachusetts Companies Total Pretax Earnings Dropped Precipitously By 108% in the Second Quarter of 2020. The Trump Administration's Reputedly Strong US Economy Clearly Hasn't Hit Massachusetts. And When a US State Has So Many Exceptional High Technology Companies and Also So Many Superb Medical Technology, Drug and Biotech Companies Like Massachusetts Has But Yet All of This State's Companies Combined Post a Total Pretax Loss For the Most Recent Quarter, Then the Entire Country is in Serious Economic Trouble.

From a review of Company SEC filings and the Google Finance website, I found 111 Massachusetts Companies with stock market caps of above $1 bil in late June 2020.  Of these 111 Massachusetts Companies, 105 or 95% of them had June 2020 second quarter ends, 4 had July 2020 second quarter ends and 2 had May 2020 second quarter ends.

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


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
Second Second
Quarter Quarter
Massachusetts Largest Companies 2020 2019
Stock Market Caps Above $1 Bil City HQs mils $ mils $
Biogen Cambridge       2,038       1,759
Thermo Fisher Scientific Waltham       1,253       1,393
Vertex Pharmaceutical Boston          825          327
State Street Corp Boston          803          718
American Tower Boston          460          464
Keurig Dt Pepper Burlington          406          416
Analog Devices Norwood          373          390
Eversource Energy Springfield          330            64
Boston Properties Boston          299          203
Wayfair Boston          274        (181)
Teradyne North Reading          217          131
Akamai Technologies Cambridge          181          133
Hologic Marlborough          168          114
PerkinElmer Waltham          165            72
Eaton Vance Boston          164          143
Waters Corp Milford          145          172
Skyworks Solutions Woburn, MA / Irvine, CA          144          162
BJ's Wholesale Club Westborough          143            72
Hanover Insurance Group Worchester          143          110
LPL Financial Holdings Boston/ San Diego          137          195
Aspen Technology Bedford          121          117
MKS Instruments Andover            92            52
Charles River Labs Wilmington            84            59
Entegris Billerica            82          167
Boston Beer Boston            79            38
iRobot Corp Bedford            70              7
Abiomed Danvers            61          103
Safety Insurance Group Boston            53            33
IPG Photonics Oxford            50            96
Dunkin Brands Group Canton            49            80
PTC Inc Boston            45            (0)
Clean Harbors Norwell            41            52
Independent Bank Corp Rockland            33            41
Bruker Billerica            31            48
LogMein Boston            31            (6)
Altra Industrial Motion Braintree            31            38
Watts Water Technologies North Andover            28            51
Mercury Systems Andover            27            13
UniFirst Wilmington            27            62
Ironwood Pharmaceuticals Boston            25            12
Progress Software Bedford            22            12
Dynatrace Diamond Therapeutics Waltham            20          (52)
Stag Industrial Boston            19            14
Brooks Automation Chelmsford            19              8
Insulet Acton            17              2
Repligen Waltham            16            10
Acacia Communications Maynard            16            (5)
Kadant Westford            16            20
Industrial Logistics Properties Trust Newton            15            13
Novanta Bedford            12            13
CarGurus Cambridge              9              4
Ameresco Framingham              9              9
Haemonetics Boston              8          (18)
Mimecast Ltd Lexington              4            (4)
Iron Mountain Boston              3          103
Acushnet Holdings Fairhaven              3            55
GCP Applied Technologies Cambridge              3              9
Vicor Andover              2              3
Office Properties Income Trust Newton              2          (65)
Nuance Communications Burlington              0            10
Bright Horizons Family Solutions Watertown            (1)            63
Cognex Natick            (2)            57
EverQuote Cambridge            (3)            (2)
Cabot Boston          (11)            69
Black Diamond Therapeutics Cambridge          (15)          (12)
Karuna Therapeutics Boston          (17)          (15)
Acceleron Pharma Cambridge          (18)          (18)
Service Properties Trust Newton          (18)              8
Generation Bio Cambridge          (18)          (15)
Net Scout Systems Westford          (19)          (29)
Mersana Therapeutics Cambridge          (20)          (17)
Everbridge Burlington          (21)          (12)
bluebird bio Cambridge          (21)        (196)
Rapid7 Boston          (21)          (14)
Enanta Pharmaceuticals Watertown          (21)              6
MACOM Technology Solutions Lowell          (23)        (326)
Editas Medicine Cambridge          (24)          (34)
Alkermes Waltham          (26)          (40)
Hub Spot Cambridge          (28)          (17)
Forma Therapeutics Holdings Watertown          (29)          (16)
Constellation Pharmaceuticals Cambridge          (30)          (21)
Cerence Burlington          (31)              3
Dicerna Pharmaceuticals Lexington          (32)          (24)
Intellia Therapeutics Cambridge          (32)          (26)
Pegasystems Cambridge          (33)          (50)
Beam Therapeutics Cambridge          (34)          (18)
Translate Bio Lexington          (36)          (28)
Cimpress NV Waltham          (37)            43
Sensata Technologies plc Attleboro          (41)          104
Karyopharm Therapeutics Newton          (46)          (43)
Akcea Therapeutics Boston          (50)          (37)
Momenta Pharmaceutics Cambridge          (57)        (114)
Epizyme Cambridge          (58)          (48)
Deciphera Pharmaceuticals Waltham          (67)          (21)
CRISPR Therapeutics AG Cambridge          (79)          (54)
Agios Pharmaceuticals Cambridge          (90)        (110)
TJX Cos Framingham          (92)       1,021
Moderna Cambridge        (117)        (135)
Apellis Pharmaceuticals Waltham        (119)          (71)
Blueprint Medicines Cambridge        (123)        (100)
Sage Therapeutics Cambridge        (136)        (168)
Sarepta Therapeutics Cambridge        (151)        (276)
DraftKings Boston        (161)          (28)
Akebia Therapeurics Cambridge        (176)          (59)
Alnylam Pharmaceuticals Cambridge        (178)        (219)
TripAdvisor Needham        (179)            68
Boston Scientific Marlborough        (181)          145
Beigene Ltd Cambridge        (338)          (84)
Alexion Pharmaceuticals Boston     (1,352)          500
General Electric Boston     (2,339)        (296)
Raytheon Technologies Waltham     (3,858)       1,234
Total of all 111 Massachusetts Companies        (666)       8,589
… % Change From Prior Year Quarter -108%