Tesla's profit growth is impressive among the S&P 500. But it's not alone in being on pace to put up some big numbers two years back to back.
Fifteen S&P 500 companies, including materials firm CF Industries, energy firm Baker Hughes and consumer discretionary Hilton Worldwide are all expected to pull off "Tesla-like" profit gains (or better) this year, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. And that's no small feat. All these companies, like Tesla, are seen boosting adjusted profit per share this calendar year by 50% or more. And that's after posting 200%, or higher, profit growth in 2021.
And profits are top of mind for investors. Rising inflation plus a rocky stock market are making it all the more important to find companies still able to grow. Profit reporting season heats up this week. And now, analysts are only calling for 10% earnings growth for the S&P 500. That's what makes Tesla's expected 55% growth this year so impressive.
But it's not alone.
Where Else To Find "Tesla-Like" Profit Growth In The S&P 500
There aren't many S&P 500 companies that could call Tesla a slowpoke. But hydrogen and nitrogen seller CF is one of them.
Analysts think the company will grow its profit by nearly 137% this year. That's more than double the profit growth Tesla is expected to post. Don't think it's just a lucky year, either. CF last year bumped up profit by 294.8%, which was nearly 10% better than expected. Shares of CF are up more than 50% just this year.
The whole S&P 500 materials sector is hot. Mosaic, a provider of fertilizer materials is expected to boost profit this year by more than 125%. And that's following a 492% jump in the bottom line in 2021. No wonder shares are up nearly 94% this year.
Energy, Ironically, Laps Tesla Profit
Tesla in many ways is the anti-energy firm. Its electric cars shun oil to power them. And that's why it's an interesting twist to see energy firms like Baker Hughes putting up such big profit growth, outstripping even Tesla.
The Houston-based energy equipment provider is expected to earn nearly 106% more in 2022 than it did in 2021. And in 2021, the company's profit already jumped 2,000%. Again, such strong fundamentals are driving an energy stock rally. Shares of Baker Hughes are up more than 55% this year.
Don't make the mistake, though, to think the only way to grow profit like Tesla is to dig commodities out of the ground. Well-managed hotel chain, Hilton Worldwide, is expected to grow profit by nearly 98% this year. With worries of Covid-19 fading in North America, people are traveling again for work and leisure. The chain already enjoyed a huge 1,980% jump in profit in 2021.
That's not to belittle Tesla's two-year profit track record in the S&P 500. But it's not only only car in the profit race.
Tesla-Like Profit Growers In The S&P 500
All are see boosting profit 50% or more in 2022, following 200% or higher jumps in 2021
| Company | Ticker | Stock YTD % ch. | 2021 profit growth % | Estimated 2022 profit % ch. | Sector |
|---|---|---|---|---|---|
| CF Industries | 53.2% | 294.8% | 136.6% | Materials | |
| Mosaic | 93.6% | 492.9% | 125.8% | Materials | |
| Baker Hughes | 55.0% | 2,000.0% | 105.7% | Energy | |
| Pioneer Natural Resources | 40.1% | 540.6% | 98.8% | Energy | |
| Hilton Worldwide | -0.3% | 1,980.0% | 97.9% | Consumer Discretionary | |
| Booking Holdings | -7.2% | 871.8% | 94.2% | Consumer Discretionary | |
| Diamondback Energy | 28.4% | 270.7% | 84.9% | Energy | |
| Marriott International | 9.2% | 1,672.2% | 72.3% | Consumer Discretionary | |
| EOG Resources | 38.4% | 489.7% | 60.2% | Energy | |
| Sysco | 9.8% | 247.8% | 58.8% | Consumer Staples | |
| Walt Disney | -15.8% | 279.0% | 58.5% | Communication Services | |
| SBA Communications | -8.6% | 502.3% | 57.3% | Real Estate | |
| Tesla | -6.8% | 202.7% | 57.0% | Consumer Discretionary | |
| General Electric | -3.9% | 2550.0% | 54.5% | Industrials | |
| Coterra Energy | 54.8% | 316.7% | 51.6% | Energy |
