Companies led by women CEOs have larger revenues than those led by men
The money.co.uk business loans team has taken a deep dive into Fortune’s 1,000 most successful companies in the world, conducting an analysis into the gender divide and differences to reveal how women-led companies compare to those led by men.
Men vs Women CEOs:
| CEO gender | Male | Female |
| Count | 916 | 84 |
| Count (%) | 92% | 8% |
| Average revenue | $20bn | $26bn |
| Average revenue change | 19% | 13% |
| Average profits | $1.7bn | $1.5bn |
| Average profits change | 33% | -61% |
| Average assets | $55bn | $128bn |
| Average market value* | $41bn | $30bn |
- Regarding gender representation, companies led by men dominate, representing 92% (916 out of 1,000) of the total. Comparatively, companies with women CEOs make up only 8% (84 out of 1,000) of these companies.
- Despite the smaller representation, women-led companies show some interesting performance attributes. Women-led companies, on average, have significantly larger revenues, with average revenue of $26bn, compared to the average revenue of $20bn reported by companies led by men. However, in the last year, companies led by men saw their revenue increase more than women-led ones, at 19%, compared to 13%.
- In terms of profitability, companies led by men have a slight edge, with average profits of $1.7bn compared to $1.5bn for women-led companies. Furthermore, men-led companies showed a substantial average profit change of a third. In comparison, women-led companies demonstrated a considerable decrease in profit change, averaging 61%.
- In terms of assets, women-led companies far outstrip those led by men. On average, women-led companies have assets of $128bn, compared to those led by men, which have average assets of $55bn. Lastly, when looking at market value, companies led by men slightly outperformed women-led companies. The average market value for companies led by men is $41 billion, whereas women-led companies have an average market value of $30bn.
Other findings analyse how many women-led companies receive external investment:
| Rank | Investment type | Total companies invested in | Women-led companies | Women-led companies (%) |
| 1 | No Investment | 5,080,285 | 859,995 | 16.9% |
| 2 | Angel | 1,624,732 | 198,761 | 12.2% |
| 3 | Company | 587,843 | 39,679 | 6.8% |
| 4 | Venture Capital | 9,081 | 556 | 6.1% |
| 5 | Private Equity | 12,423 | 460 | 3.7% |
- 16.9% of companies receiving no external investment are those run by women, higher than any other category. This suggests that a higher proportion of women-led companies may be self-funded or not receive external investments.
- Of those that do receive investment, it’s most likely to be in the form of an angel investor. 12.2% of angel investments came into women-led companies.
- However, women-led companies are much more underrepresented when it comes to those being invested in via company (6.8%), venture capital (6.1%) and private equity (4.7%) investment.
Full research, data, methodology and sources in a copy of the word document. https://www.dropbox.com/t/1juAHo1MUqz9qRhm
