US corporate earnings have absolutely crushed the rest of the world—and it's not even close.
Since 1990:
• US companies: +1,300% earnings growth
• Rest of world: +500%
That's 2.6x more growth from American companies. Even wilder? Global ex-US profit growth has been basically flat from 2008 to now.
This isn't just about tech giants or one hot sector. It's structural—better capital allocation, deeper markets, more innovation, stronger shareholder culture.
The gap keeps widening. If you're wondering why US equities trade at a premium, this is why. The earnings power simply isn't matched anywhere else.
Since 1990:
• US companies: +1,300% earnings growth
• Rest of world: +500%
That's 2.6x more growth from American companies. Even wilder? Global ex-US profit growth has been basically flat from 2008 to now.
This isn't just about tech giants or one hot sector. It's structural—better capital allocation, deeper markets, more innovation, stronger shareholder culture.
The gap keeps widening. If you're wondering why US equities trade at a premium, this is why. The earnings power simply isn't matched anywhere else.
