Corporations are caught in a deflationary death spiral of their own making:
Companies with year-over-year revenue decline listed below. 20 out of 30 Dow companies have negative revenue growth...
Data from: http://us.spindices.com/indices/equity/sp-500 (Index Earnings~Issues):
| Sales ($MMM) | Prior Year | Difference | % | ||
| Exxon Mobil | $59,866.00 | $96,047.00 | $36,181.00 | -37.67% | Energy |
| Chevron Corp | $30,967.00 | $49,706.00 | $18,739.00 | -37.70% | Energy |
| Phillips 66 | $22,279.00 | $36,636.00 | $14,357.00 | -39.19% | Energy |
| Valero Energy | $22,579.00 | $34,408.00 | $11,829.00 | -34.38% | Energy |
| Marathon Petroleum | $16,728.00 | $23,816.00 | $7,088.00 | -29.76% | Energy |
| ConocoPhillips | $7,262.00 | $12,080.00 | $4,818.00 | -39.88% | Energy |
| Genl Electric | $31,510.00 | $35,916.00 | $4,406.00 | -12.27% | Industrials |
| Procter & Gamble | $16,527.00 | $20,792.00 | $4,265.00 | -20.51% | Consumer Staples |
| Schlumberger Ltd | $8,473.00 | $12,645.00 | $4,172.00 | -32.99% | Energy |
| LyondellBasell Industries | $8,334.00 | $12,066.00 | $3,732.00 | -30.93% | Materials |
| Tesoro Corp | $7,606.00 | $11,003.00 | $3,397.00 | -30.87% | Energy |
| Halliburton Co | $5,582.00 | $8,701.00 | $3,119.00 | -35.85% | Energy |
| Intl Bus. Machines | $19,279.00 | $22,397.00 | $3,118.00 | -13.92% | Information Technology |
| Occidental Petroleum | $3,116.00 | $5,996.00 | $2,880.00 | -48.03% | Energy |
| EOG Resources | $2,159.60 | $5,039.59 | $2,879.99 | -57.15% | Energy |
| Microsoft Corp | $20,379.00 | $23,201.00 | $2,822.00 | -12.16% | Information Technology |
| Amer Intl Group | $12,838.00 | $15,651.00 | $2,813.00 | -17.97% | Financials |
| Chesapeake Energy | $2,893.00 | $5,703.00 | $2,810.00 | -49.27% | Energy |
| Caterpillar Inc | $10,962.00 | $13,549.00 | $2,587.00 | -19.09% | Industrials |
| Baker Hughes Inc | $3,786.00 | $6,250.00 | $2,464.00 | -39.42% | Energy |
| Dow Chemical | $12,036.00 | $14,405.00 | $2,369.00 | -16.45% | Materials |
| Natl Oilwell Varco | $3,306.00 | $5,587.00 | $2,281.00 | -40.83% | Energy |
| Johnson Controls | $8,749.00 | $10,979.00 | $2,230.00 | -20.31% | Consumer Discretionary |
| Freeport-McMoRan Inc | $3,681.00 | $5,696.00 | $2,015.00 | -35.38% | Materials |
| Anadarko Petroleum | $2,230.00 | $4,230.00 | $2,000.00 | -47.28% | Energy |
| Apache Corp | $1,572.00 | $3,468.00 | $1,896.00 | -54.67% | Energy |
| Twenty-First Century Fox | $6,077.00 | $7,887.00 | $1,810.00 | -22.95% | Consumer Discretionary |
| Devon Energy | $3,601.00 | $5,336.00 | $1,735.00 | -32.51% | Energy |
| Baxter Intl | $2,487.00 | $4,197.00 | $1,710.00 | -40.74% | Health Care |
| PPL Corp | $1,878.00 | $3,449.00 | $1,571.00 | -45.55% | Utilities |
| Archer-Daniels-Midland | $16,565.00 | $18,117.00 | $1,552.00 | -8.57% | Consumer Staples |
| Mondelez International'A' | $6,849.00 | $8,337.00 | $1,488.00 | -17.85% | Consumer Staples |
| Marathon Oil | $1,384.00 | $2,870.00 | $1,486.00 | -51.78% | Energy |
| Nucor Corp | $4,225.51 | $5,701.87 | $1,476.36 | -25.89% | Materials |
| JPMorgan Chase & Co | $24,595.00 | $26,065.00 | $1,470.00 | -5.64% | Financials |
| Citigroup Inc | $21,633.00 | $23,014.00 | $1,381.00 | -6.00% | Financials |
| Johnson & Johnson | $17,102.00 | $18,467.00 | $1,365.00 | -7.39% | Health Care |
| Prudential Financial | $11,078.00 | $12,380.00 | $1,302.00 | -10.52% | Financials |
| QUALCOMM Inc | $5,456.00 | $6,692.00 | $1,236.00 | -18.47% | Information Technology |
| Goldman Sachs Group | $8,138.00 | $9,365.00 | $1,227.00 | -13.10% | Financials |
| ONEOK Inc | $1,898.95 | $3,120.14 | $1,221.19 | -39.14% | Energy |
| Hess Corp | $1,671.00 | $2,745.00 | $1,074.00 | -39.13% | Energy |
| Fluor Corp | $4,384.61 | $5,440.08 | $1,055.47 | -19.40% | Industrials |
| duPont(E.I.)deNemours | $4,900.00 | $5,939.00 | $1,039.00 | -17.49% | Materials |
| Morgan Stanley | $8,466.00 | $9,492.00 | $1,026.00 | -10.81% | Financials |
| Emerson Electric | $5,814.00 | $6,807.00 | $993.00 | -14.59% | Industrials |
| Philip Morris Intl | $6,927.00 | $7,856.00 | $929.00 | -11.83% | Consumer Staples |
| PepsiCo Inc | $16,331.00 | $17,218.00 | $887.00 | -5.15% | Consumer Staples |
| Seagate Technology Plc | $2,925.00 | $3,785.00 | $860.00 | -22.72% | Information Technology |
| United Technologies | $13,788.00 | $14,613.00 | $825.00 | -5.65% | Industrials |
| MetLife Inc | $18,031.00 | $18,846.00 | $815.00 | -4.32% | Financials |
| Kimberly-Clark | $4,718.00 | $5,442.00 | $724.00 | -13.30% | Consumer Staples |
| AES Corp | $3,721.00 | $4,441.00 | $720.00 | -16.21% | Utilities |
| Murphy Oil | $714.95 | $1,431.01 | $716.06 | -50.04% | Energy |
| AFLAC Inc | $5,040.00 | $5,736.00 | $696.00 | -12.13% | Financials |
| Xerox Corp | $4,449.00 | $5,120.00 | $671.00 | -13.11% | Information Technology |
| Bank of America | $23,178.00 | $23,848.00 | $670.00 | -2.81% | Financials |
| ConAgra Foods | $2,093.80 | $2,763.00 | $669.20 | -24.22% | Consumer Staples |
| Alcoa Inc | $5,573.00 | $6,239.00 | $666.00 | -10.67% | Materials |
| Transocean Ltd | $1,608.00 | $2,270.00 | $662.00 | -29.16% | Energy |
| Micron Technology | $3,600.00 | $4,227.00 | $627.00 | -14.83% | Information Technology |
| Union Pacific | $5,562.00 | $6,182.00 | $620.00 | -10.03% | Industrials |
| Edison Intl | $3,763.00 | $4,355.00 | $592.00 | -13.59% | Utilities |
| Kinder Morgan | $3,707.00 | $4,291.00 | $584.00 | -13.61% | Energy |
| Western Digital | $3,360.00 | $3,943.00 | $583.00 | -14.79% | Information Technology |
| Express Scripts Holding | $25,222.60 | $25,778.50 | $555.90 | -2.16% | Health Care |
| Coca-Cola Co | $11,427.00 | $11,976.00 | $549.00 | -4.58% | Consumer Staples |
| Eaton Corp Plc | $5,203.00 | $5,728.00 | $525.00 | -9.17% | Industrials |
| Honeywell Intl | $9,611.00 | $10,108.00 | $497.00 | -4.92% | Industrials |
| Merck & Co | $10,073.00 | $10,557.00 | $484.00 | -4.58% | Health Care |
| Goodyear Tire & Rub | $4,184.00 | $4,657.00 | $473.00 | -10.16% | Consumer Discretionary |
| Cameron Intl | $2,208.00 | $2,678.00 | $470.00 | -17.55% | Energy |
| Noble Energy | $765.00 | $1,228.00 | $463.00 | -37.70% | Energy |
| Praxair Inc | $2,686.00 | $3,144.00 | $458.00 | -14.57% | Materials |
| American Airlines Group | $10,706.00 | $11,139.00 | $433.00 | -3.89% | Industrials |
| FMC Technologies | $1,545.00 | $1,976.70 | $431.70 | -21.84% | Energy |
| 3M Co | $7,712.00 | $8,137.00 | $425.00 | -5.22% | Industrials |
| General Motors | $38,843.00 | $39,255.00 | $412.00 | -1.05% | Consumer Discretionary |
| Parker-Hannifin | $2,869.35 | $3,269.93 | $400.58 | -12.25% | Industrials |
| PG&E Corp | $4,550.00 | $4,939.00 | $389.00 | -7.88% | Utilities |
| Colgate-Palmolive | $3,999.00 | $4,379.00 | $380.00 | -8.68% | Consumer Staples |
| Wynn Resorts | $996.28 | $1,370.01 | $373.73 | -27.28% | Consumer Discretionary |
| McDonald's Corp | $6,615.10 | $6,987.10 | $372.00 | -5.32% | Consumer Discretionary |
| Computer Sciences | $2,712.00 | $3,080.00 | $368.00 | -11.95% | Information Technology |
| Intl Paper | $5,691.00 | $6,051.00 | $360.00 | -5.95% | Materials |
| Loews Corp | $3,169.00 | $3,523.00 | $354.00 | -10.05% | Financials |
| ACE Limited | $4,871.00 | $5,219.00 | $348.00 | -6.67% | Financials |
| Illinois Tool Works | $3,354.00 | $3,692.00 | $338.00 | -9.15% | Industrials |
| Sempra Energy | $2,481.00 | $2,815.00 | $334.00 | -11.87% | Utilities |
| Coca-Cola Enterprises | $1,822.00 | $2,136.00 | $314.00 | -14.70% | Consumer Staples |
| Norfolk Southern | $2,713.00 | $3,023.00 | $310.00 | -10.25% | Industrials |
| Kellogg Co | $3,332.00 | $3,639.00 | $307.00 | -8.44% | Consumer Staples |
| NiSource Inc | $817.20 | $1,123.90 | $306.70 | -27.29% | Utilities |
| Genworth Financial'A' | $2,100.00 | $2,405.00 | $305.00 | -12.68% | Financials |
| Dover Corp | $1,787.58 | $2,092.47 | $304.89 | -14.57% | Industrials |
| SanDisk Corp | $1,452.29 | $1,746.49 | $294.20 | -16.85% | Information Technology |
| Cimarex Energy | $356.06 | $649.74 | $293.68 | -45.20% | Energy |
| Pioneer Natural Resources | $883.00 | $1,169.00 | $286.00 | -24.47% | Energy |
| CSX Corp | $2,939.00 | $3,221.00 | $282.00 | -8.76% | Industrials |
| Franklin Resources | $1,873.80 | $2,155.50 | $281.70 | -13.07% | Financials |
| Cummins Inc | $4,624.00 | $4,899.00 | $275.00 | -5.61% | Industrials |
| Monsanto Co | $2,355.00 | $2,630.00 | $275.00 | -10.46% | Materials |
| Pfizer, Inc | $12,087.00 | $12,361.00 | $274.00 | -2.22% | Health Care |
| Williams Cos | $1,799.00 | $2,069.00 | $270.00 | -13.05% | Energy |
| Corning Inc | $2,272.00 | $2,540.00 | $268.00 | -10.55% | Information Technology |
| United Continental Holdin | $10,306.00 | $10,563.00 | $257.00 | -2.43% | Industrials |
| Textron, Inc | $3,180.00 | $3,430.00 | $250.00 | -7.29% | Industrials |
| ENSCO Plc Cl'A' | $1,012.20 | $1,261.20 | $249.00 | -19.74% | Energy |
| Ecolab Inc | $3,446.40 | $3,694.90 | $248.50 | -6.73% | Materials |
| Waste Management | $3,360.00 | $3,602.00 | $242.00 | -6.72% | Industrials |
| Precision Castparts | $2,287.00 | $2,522.00 | $235.00 | -9.32% | Industrials |
| Newfield Exploration | $377.00 | $610.00 | $233.00 | -38.20% | Energy |
| Quanta Services | $1,939.44 | $2,171.14 | $231.70 | -10.67% | Industrials |
| Mattel, Inc | $1,791.97 | $2,021.42 | $229.45 | -11.35% | Consumer Discretionary |
| Sealed Air | $1,746.20 | $1,975.50 | $229.30 | -11.61% | Materials |
| Air Products & Chem | $2,449.40 | $2,677.00 | $227.60 | -8.50% | Materials |
| Ameriprise Financial | $2,893.00 | $3,118.00 | $225.00 | -7.22% | Financials |
| Cabot Oil & Gas | $305.30 | $512.02 | $206.72 | -40.37% | Energy |
| Pentair plc | $1,552.10 | $1,758.40 | $206.30 | -11.73% | Industrials |
| Owens-Illinois | $1,566.00 | $1,745.00 | $179.00 | -10.26% | Materials |
| Southwestern Energy | $749.00 | $928.00 | $179.00 | -19.29% | Energy |
| CenterPoint Energy | $1,630.00 | $1,807.00 | $177.00 | -9.80% | Utilities |
| Electronic Arts | $815.00 | $990.00 | $175.00 | -17.68% | Information Technology |
| Assurant Inc | $2,530.91 | $2,698.84 | $167.93 | -6.22% | Financials |
| Molson Coors Brewing'B' | $1,017.40 | $1,168.00 | $150.60 | -12.89% | Consumer Staples |
| Borg Warner | $1,884.00 | $2,032.10 | $148.10 | -7.29% | Consumer Discretionary |
| Oracle Corp | $8,448.00 | $8,596.00 | $148.00 | -1.72% | Information Technology |
| Mosaic Co | $2,105.50 | $2,250.70 | $145.20 | -6.45% | Materials |
| Ball Corp | $2,097.00 | $2,238.90 | $141.90 | -6.34% | Materials |
| Aon PLC | $2,742.00 | $2,880.00 | $138.00 | -4.79% | Financials |
| NRG Energy | $4,431.00 | $4,569.00 | $138.00 | -3.02% | Utilities |
| Range Resources | $479.21 | $616.24 | $137.03 | -22.24% | Energy |
| News Corp Cl A | $2,014.00 | $2,150.00 | $136.00 | -6.33% | Consumer Discretionary |
| Amer Express | $8,592.00 | $8,723.00 | $131.00 | -1.50% | Financials |
| Delphi Automotive PLC | $3,631.00 | $3,762.00 | $131.00 | -3.48% | Consumer Discretionary |
| Hartford Finl Svcs Gp | $4,540.00 | $4,669.00 | $129.00 | -2.76% | Financials |
| Diamond Offshore Drilling | $609.74 | $737.68 | $127.94 | -17.34% | Energy |
| L-3 Communications Hldgs | $2,817.00 | $2,940.00 | $123.00 | -4.18% | Industrials |
| Symantec Corp | $1,498.00 | $1,617.00 | $119.00 | -7.36% | Information Technology |
| Mead Johnson Nutrition | $977.50 | $1,090.70 | $113.20 | -10.38% | Consumer Staples |
| CBS Corp 'B' | $3,257.00 | $3,367.00 | $110.00 | -3.27% | Consumer Discretionary |
| Flowserve Corp | $1,096.47 | $1,204.01 | $107.54 | -8.93% | Industrials |
| Spectra Energy | $1,103.00 | $1,207.00 | $104.00 | -8.62% | Energy |
| CONSOL Energy | $733.61 | $836.30 | $102.69 | -12.28% | Energy |
| Altera Corp | $399.57 | $499.61 | $100.04 | -20.02% | Information Technology |
| Weyerhaeuser Co | $1,820.00 | $1,915.00 | $95.00 | -4.96% | Financials |
| Travelers Cos | $6,794.00 | $6,886.00 | $92.00 | -1.34% | Financials |
| Avery Dennison Corp | $1,468.10 | $1,559.60 | $91.50 | -5.87% | Materials |
| Intel Corp | $14,465.00 | $14,554.00 | $89.00 | -0.61% | Information Technology |
| TE Connectivity | $2,984.00 | $3,072.00 | $88.00 | -2.86% | Information Technology |
| PulteGroup Inc | $1,506.75 | $1,594.72 | $87.97 | -5.52% | Consumer Discretionary |
| Entergy Corp | $3,371.41 | $3,458.11 | $86.70 | -2.51% | Utilities |
| PACCAR Inc | $4,847.20 | $4,928.40 | $81.20 | -1.65% | Industrials |
| Dominion Resources | $2,971.00 | $3,050.00 | $79.00 | -2.59% | Utilities |
| Xilinx Inc | $527.57 | $604.26 | $76.69 | -12.69% | Information Technology |
| Navient Corp | $1,238.00 | $1,314.00 | $76.00 | -5.78% | Financials |
| CA Inc | $1,005.00 | $1,079.00 | $74.00 | -6.86% | Information Technology |
| Broadcom Corp'A' | $2,187.00 | $2,260.00 | $73.00 | -3.23% | Information Technology |
| Stanley Black & Decker | $2,829.50 | $2,902.20 | $72.70 | -2.50% | Industrials |
| Pitney Bowes | $869.54 | $941.64 | $72.10 | -7.66% | Industrials |
| Texas Instruments | $3,429.00 | $3,501.00 | $72.00 | -2.06% | Information Technology |
| Delta Air Lines | $11,107.00 | $11,178.00 | $71.00 | -0.64% | Industrials |
| AvalonBay Communities | $495.92 | $561.12 | $65.20 | -11.62% | Financials |
| Genuine Parts | $3,921.80 | $3,985.91 | $64.11 | -1.61% | Consumer Discretionary |
| Carnival Corp | $4,883.00 | $4,947.00 | $64.00 | -1.29% | Consumer Discretionary |
| PPG Indus | $3,872.00 | $3,935.00 | $63.00 | -1.60% | Materials |
| Teradata Corp | $606.00 | $667.00 | $61.00 | -9.15% | Information Technology |
| Xylem Inc | $902.00 | $963.00 | $61.00 | -6.33% | Industrials |
| Genl Mills | $4,207.90 | $4,268.40 | $60.50 | -1.42% | Consumer Staples |
| DENTSPLY Intl | $648.90 | $708.24 | $59.34 | -8.38% | Health Care |
| Starwood Hotels&Res World | $1,434.00 | $1,493.00 | $59.00 | -3.95% | Consumer Discretionary |
| Expeditors Intl,Wash | $1,651.33 | $1,705.11 | $53.78 | -3.15% | Industrials |
| SCANA Corp | $1,067.00 | $1,120.00 | $53.00 | -4.73% | Utilities |
| United Parcel'B' | $14,237.00 | $14,290.00 | $53.00 | -0.37% | Industrials |
| eBay Inc | $2,099.00 | $2,150.00 | $51.00 | -2.37% | Information Technology |
| Thermo Fisher Scientific | $4,123.20 | $4,171.40 | $48.20 | -1.16% | Health Care |
| C.H. Robinson Worldwide | $3,419.25 | $3,467.36 | $48.11 | -1.39% | Industrials |
| State Street Corp | $2,637.00 | $2,683.00 | $46.00 | -1.71% | Financials |
| Kansas City Southern | $631.90 | $677.50 | $45.60 | -6.73% | Industrials |
| Vornado Realty Trust | $632.10 | $677.01 | $44.91 | -6.63% | Financials |
| Omnicom Group | $3,706.60 | $3,749.70 | $43.10 | -1.15% | Consumer Discretionary |
| Western Union | $1,399.20 | $1,440.90 | $41.70 | -2.89% | Information Technology |
| Nielsen Holdings plc | $1,531.00 | $1,572.00 | $41.00 | -2.61% | Industrials |
| INVESCO Ltd | $1,273.50 | $1,311.00 | $37.50 | -2.86% | Financials |
| Iron Mountain | $746.53 | $782.70 | $36.17 | -4.62% | Financials |
| AMETEK, Inc | $998.53 | $1,031.81 | $33.28 | -3.23% | Industrials |
| St. Jude Medical | $1,339.00 | $1,372.00 | $33.00 | -2.41% | Health Care |
| Genl Growth Properties | $615.14 | $647.73 | $32.59 | -5.03% | Financials |
| Legg Mason Inc | $673.09 | $703.89 | $30.80 | -4.38% | Financials |
| Grainger (W.W.) | $2,532.90 | $2,562.26 | $29.36 | -1.15% | Industrials |
| Linear Technology Corp | $341.92 | $371.06 | $29.14 | -7.85% | Information Technology |
| Garmin Ltd | $679.69 | $706.28 | $26.59 | -3.76% | Consumer Discretionary |
| Fidelity Natl Info Svcs | $1,578.80 | $1,605.30 | $26.50 | -1.65% | Information Technology |
| Marsh & McLennan | $3,115.00 | $3,141.00 | $26.00 | -0.83% | Financials |
| Quest Diagnostics | $1,880.00 | $1,904.00 | $24.00 | -1.26% | Health Care |
| Ralph Lauren Corp'A' | $1,970.00 | $1,994.00 | $24.00 | -1.20% | Consumer Discretionary |
| Endo International plc | $745.73 | $763.94 | $18.21 | -2.38% | Health Care |
| Ryder System | $1,669.07 | $1,687.15 | $18.08 | -1.07% | Industrials |
| Rockwell Collins | $1,384.00 | $1,402.00 | $18.00 | -1.28% | Industrials |
| Hunt(J.B.)Transport | $1,586.49 | $1,601.16 | $14.67 | -0.92% | Industrials |
| Motorola Solutions | $1,422.00 | $1,436.00 | $14.00 | -0.97% | Information Technology |
| E Trade Financial | $477.00 | $490.00 | $13.00 | -2.65% | Financials |
| Crown Castle Intl | $918.11 | $929.54 | $11.43 | -1.23% | Financials |
| Discovery Communications' | $1,557.00 | $1,568.00 | $11.00 | -0.70% | Consumer Discretionary |
| PNC Financial Services Gr | $4,054.00 | $4,065.00 | $11.00 | -0.27% | Financials |
| Cablevision Sys'A' | $1,615.90 | $1,626.19 | $10.29 | -0.63% | Consumer Discretionary |
| Coach Inc | $1,030.30 | $1,038.80 | $8.50 | -0.82% | Consumer Discretionary |
| Northrop Grumman | $5,979.00 | $5,984.00 | $5.00 | -0.08% | Industrials |
| Microchip Technology | $541.39 | $546.24 | $4.85 | -0.89% | Information Technology |
| Chubb Corp | $3,558.00 | $3,562.00 | $4.00 | -0.11% | Financials |
| Kimco Realty | $316.73 | $320.56 | $3.83 | -1.19% | Financials |
| Zoetis Inc'A' | $1,214.00 | $1,217.00 | $3.00 | -0.25% | Health Care |
| Dun & Bradstreet | $414.20 | $417.10 | $2.90 | -0.70% | Industrials |
| Allegion Plc | $544.50 | $546.70 | $2.20 | -0.40% | Industrials |
| Cincinnati Financial | $1,278.00 | $1,280.00 | $2.00 | -0.16% | Financials |
| EQT Corp | $577.01 | $578.72 | $1.71 | -0.30% | Energy |
| Hershey Co | $1,960.78 | $1,961.58 | $0.80 | -0.04% | Consumer Staples |
| Apartment Investment & Mg | $248.12 | $248.63 | $0.51 | -0.21% | Financials |
| KLA-Tencor Corp | $642.64 | $642.90 | $0.26 | -0.04% | Information Technology |
