The Dow 30, Company by Company
Current members with live-computed index weights — because in a price-weighted index, who matters most has nothing to do with who is biggest.
There is no formula for Dow membership. A committee at S&P Dow Jones Indices picks the 30 by judgment, aiming for companies with excellent reputations, sustained growth, and relevance to the U.S. economy — with one hard practical constraint: because the index is weighted by share price, a stock priced in the thousands would swamp it, so a company effectively can't join until its price fits. That single quirk shaped the modern roster more than any economic judgment, as the profiles below keep showing. The newest example arrived on June 29, 2026, when Alphabet replaced Verizon — a swap that only became possible after Alphabet's 2022 twenty-for-one stock split.
All 30 members, ranked by what actually moves the index
| Ticker | Company | Sector | Price | Day | YTD | 52-wk range | Index weight |
|---|---|---|---|---|---|---|---|
| GS | Goldman Sachs | Financials | $1,025.90 | −0.78% | +16.71% | 11.5% | |
| CAT | Caterpillar | Industrials | $797.47 | −0.35% | +39.21% | 8.9% | |
| MSFT | Microsoft | Technology | $507.29 | −1.22% | +4.89% | 5.7% | |
| AMGN | Amgen | Healthcare | $429.88 | −0.59% | +31.34% | 4.8% | |
| UNH | UnitedHealth Group | Healthcare | $389.41 | −0.90% | +17.96% | 4.3% | |
| V | Visa | Financials | $379.37 | −0.58% | +8.17% | 4.2% | |
| TRV | Travelers | Financials | $365.93 | −1.07% | +26.16% | 4.1% | |
| JPM | JPMorgan Chase | Financials | $356.02 | −0.45% | +10.49% | 4.0% | |
| GOOGL | Alphabet | Communication Services | $339.35 | −2.09% | +8.42% | 3.8% | |
| SHW | Sherwin-Williams | Materials | $338.81 | −1.75% | +4.56% | 3.8% | |
| AXP | American Express | Financials | $330.17 | −0.91% | −10.75% | 3.7% | |
| HD | Home Depot | Consumer Discretionary | $327.83 | −0.71% | −4.73% | 3.7% | |
| AAPL | Apple | Technology | $316.85 | −0.89% | +16.55% | 3.5% | |
| JNJ | Johnson & Johnson | Healthcare | $265.85 | −0.82% | +28.46% | 3.0% | |
| MCD | McDonald's | Consumer Discretionary | $263.54 | −0.55% | −13.77% | 2.9% | |
| AMZN | Amazon | Consumer Discretionary | $259.77 | −2.50% | +12.54% | 2.9% | |
| CRM | Salesforce | Technology | $257.54 | +0.60% | −2.78% | 2.9% | |
| IBM | IBM | Technology | $233.87 | −0.73% | −21.05% | 2.6% | |
| NVDA | NVIDIA | Technology | $220.78 | +1.48% | +18.38% | 2.5% | |
| HON | Honeywell | Industrials | $213.53 | −1.79% | +4.36% | 2.4% | |
| BA | Boeing | Industrials | $207.78 | −0.97% | −4.30% | 2.3% | |
| CVX | Chevron | Energy | $206.14 | +2.12% | +35.25% | 2.3% | |
| MMM | 3M | Industrials | $171.83 | −1.44% | +7.33% | 1.9% | |
| MRK | Merck | Healthcare | $147.76 | −0.40% | +40.38% | 1.7% | |
| PG | Procter & Gamble | Consumer Staples | $145.12 | +0.93% | +1.26% | 1.6% | |
| CSCO | Cisco Systems | Technology | $110.49 | +0.51% | +43.44% | 1.2% | |
| DIS | Walt Disney | Communication Services | $107.55 | −0.51% | −5.47% | 1.2% | |
| WMT | Walmart | Consumer Staples | $104.87 | +1.73% | −5.87% | 1.2% | |
| KO | Coca-Cola | Consumer Staples | $88.67 | −1.10% | +26.83% | 1.0% | |
| NKE | Nike | Consumer Discretionary | $39.06 | −1.36% | −38.69% | 0.4% |
Sorted by index weight. Because the Dow is price-weighted, weight = share price ÷ sum of all 30 share prices (8,948.43 as of the August 31, 2026 close). The 52-week range dot shows where the current price sits between the stock's 52-week low and high.
Weight concentration
Because weight follows share price rather than company size, the index is more concentrated than it looks: the five highest-priced stocks — Goldman Sachs (11.5%), Caterpillar (8.9%), Microsoft (5.7%), Amgen (4.8%), UnitedHealth Group (4.3%) — currently control 35.2% of the Dow's daily movement. A big swing in one high-priced share can move the whole index more than a larger company trading at a lower price. This is the quirk explained in detail in how the Dow is calculated.
Sector mix, by index weight
| Sector | Companies | Share of index weight |
|---|---|---|
| Financials | 5 | 27.5% |
| Technology | 6 | 18.4% |
| Industrials | 4 | 15.5% |
| Healthcare | 4 | 13.8% |
| Consumer Discretionary | 4 | 9.9% |
| Communication Services | 2 | 5.0% |
| Materials | 1 | 3.8% |
| Consumer Staples | 3 | 3.8% |
| Energy | 1 | 2.3% |
Sector shares are computed from price weights, so they shift a little every trading day — and they can differ wildly from the same sectors' shares of the S&P 500, where weight follows company size.
The 30 companies and how they got here
Short profiles, alphabetical by ticker, focused on what most company descriptions skip: each member's relationship with the index itself — when it joined, what it replaced, and what its tenure says about how the Dow evolves.
Apple (AAPL)
The world's most familiar company was kept out of the Dow for years by its own share price; only after a 7-for-1 split in 2014 did membership become practical. Its 4-for-1 split in 2020 then slashed its index weight overnight — the event that triggered the Salesforce–Amgen–Honeywell shake-up, a perfect illustration of how mechanical the "average" really is.
Amgen (AMGN)
The pioneering biotech entered in the August 2020 reshuffle, swapping in for Pfizer months before Pfizer's COVID vaccine made global headlines. A consistently high share price has given Amgen an index influence well beyond its market value — the price-weighting quirk working in a company's favor.
Amazon (AMZN)
Amazon's February 2024 addition swapped a struggling drugstore chain for the dominant force in e-commerce and cloud computing — about as clean a symbol of economic turnover as index history offers. Like Apple and Alphabet, it could only join after a mega-split (20-for-1 in 2022) brought its share price down to Dow-compatible size.
American Express (AXP)
One of the longer-tenured members, added back when the Dow was refreshing itself away from smokestack industry. Its closed-loop payments network — it issues the cards and runs the rails — gives the index exposure to consumer spending quality that the banks don't duplicate.
Boeing (BA)
For years the highest-priced stock in the average and therefore its heaviest hand; the 737 MAX groundings and subsequent quality crises cut its price — and with it, mechanically, its index influence — by more than half. Boeing's fall from Dow heavyweight to mid-pack member happened without the committee lifting a finger.
Caterpillar (CAT)
The classic global-cycle bellwether: when the world digs, builds and mines, Caterpillar sells. Three decades of share-price appreciation have quietly made it one of the largest weights in the entire index — proof that in the Dow, long compounding beats sheer corporate size.
Salesforce (CRM)
No swap in modern Dow history said more: cloud software in, the index's oldest energy giant out. ExxonMobil had been a member (as Standard Oil of New Jersey, then Exxon) since 1928; its replacement by a subscription-software company marked the index's decisive turn away from the oil age.
Cisco Systems (CSCO)
Cisco entered in June 2009 as General Motors exited through bankruptcy — the networking plumbing of the internet replacing the definitive twentieth-century industrial. A comparatively low share price has kept this trillion-dollar-class franchise near the bottom of the index's weight table ever since.
Chevron (CVX)
Removed in 1999 during dot-com-era enthusiasm, re-added in 2008 as oil prices spiked — index committees are human. Since ExxonMobil's 2020 removal, Chevron has been the Dow's only energy company, meaning the index's entire exposure to the sector rides on one ticker.
Walt Disney (DIS)
The index's stake in entertainment, parks and streaming. Disney's three-plus decades in the average have spanned the broadcast, cable and streaming eras — a reminder that the committee prizes franchises durable enough to survive their own industry being reinvented twice.
Alphabet (GOOGL)
The newest member. Alphabet's addition finally put Google search, YouTube and its AI operations inside the industrial average, and it followed the now-standard playbook: a 20-for-1 split (2022) to make the share price compatible, then the call-up. Verizon's exit leaves the index's telecom exposure at exactly zero.
Goldman Sachs (GS)
The investment bank entered alongside Visa and Nike in 2013's three-way shuffle. Thanks to a share price in the four figures' neighborhood, Goldman has spent recent years as the single most influential stock in the Dow — a bank with a fraction of Apple's value, out-punching it several times over in index terms.
Home Depot (HD)
A poetic substitution: the big-box home-improvement upstart directly replaced Sears, Roebuck — the very company that had defined American retail for a century. A persistently high share price keeps Home Depot in the index's upper weight tier, making U.S. housing activity one of the Dow's quiet drivers.
Honeywell (HON)
Returned in the 2020 reshuffle after a twelve-year absence — its predecessor AlliedSignal had been a member back to 1925 under various names. The diversified aerospace-to-automation conglomerate is the committee's idea of a modern "industrial," the word the I in DJIA still stands for.
IBM (IBM)
The Dow's great cautionary tale about timing: IBM was removed in 1939 and readmitted in 1979 — and the index famously missed the greatest stretch of its growth in between. Now well past its century mark, IBM anchors the index's enterprise-computing old guard through the AI era.
Johnson & Johnson (JNJ)
The pharmaceutical-and-medtech giant is one of only two U.S. companies with a AAA credit rating, and it behaves accordingly inside the index: a low-volatility ballast that damps the Dow on wild days. Its 2023 spin-off of consumer brands (Band-Aid, Tylenol) into Kenvue focused the remaining company on drugs and devices.
JPMorgan Chase (JPM)
The largest U.S. bank and the index's chief conduit to the credit cycle. JPMorgan is a case study in the Dow's understatement problem: by assets and profits it dwarfs several members combined, but a moderate share price has historically kept its official index weight unremarkable.
Coca-Cola (KO)
Buffett's favorite has been in the index continuously since 1987 (and briefly in the 1930s). Its low, split-managed share price makes it one of the smallest weights in the average — the index barely feels the world's most valuable beverage franchise.
McDonald's (MCD)
Four decades a member, and structurally more a real-estate-and-royalties business than a burger chain — most restaurants are franchised. A share price in the hundreds gives McDonald's serious index weight, so global fast-food demand moves the Dow more than most people would guess.
3M (MMM)
The diversified maker of everything from Post-its to industrial adhesives spent decades as a Dow stalwart before litigation over earplugs and "forever chemicals" and the 2024 spin-off of its healthcare arm (Solventum) reshaped the company. Its half-century tenure is the committee's patience personified.
Merck (MRK)
Nearly a half-century in the average, currently powered by Keytruda, the cancer immunotherapy that became one of the best-selling drugs in history — and facing the classic pharma cliff as its patent horizon approaches. One of three healthcare members that together give the index its defensive tilt.
Microsoft (MSFT)
Added at the dot-com peak alongside Intel — the first two Nasdaq-listed stocks ever admitted. A quarter-century later Microsoft has outlasted its classmate (Intel was dropped in 2024) and sits among the index's heavyweights on the strength of its cloud-and-AI era share price.
Nike (NKE)
Swapping aluminum smelting for sneakers in 2013 traded a literal industrial for a brand empire — the Dow's definition of "industrial" has been honorary for decades. Nike gives the index its purest read on global consumer discretionary demand and brand power.
NVIDIA (NVDA)
The defining stock of the AI boom replaced the fallen chip king in November 2024, weeks after a 10-for-1 split made its price admissible. Here is the price-weighting absurdity in one line: the most valuable company on Earth entered the Dow as one of its lightest weights. Watch the index shrug on days NVIDIA soars.
Procter & Gamble (PG)
The dean of the Dow: continuously a member since 1932, the longest unbroken tenure on the current roster. Tide, Pampers and Gillette have carried it through every crash, war and regime the modern index has seen — the committee's ideal of a company that never needs replacing.
Sherwin-Williams (SHW)
Yes: Dow Inc was removed from the Dow — the index shares a name, not an affiliation, with the chemical company. The paint maker that replaced it brought a much higher share price, which was the practical point: the committee explicitly wanted the materials seat to actually matter in a price-weighted average.
Travelers (TRV)
Swapped in for a crisis-crippled Citigroup in June 2009, at the market's post-crash nadir. Regularly the smallest Dow company by market value, yet its solid share price gives it real index weight — the mirror image of the NVIDIA problem, and Exhibit B in any case against price weighting.
UnitedHealth Group (UNH)
For years the heaviest weight in the entire index, UnitedHealth demonstrated the flip side of that status in 2025, when a brutal year for the health insurer dragged on the Dow far harder than a size-weighted index would have felt it. Its swings remain among the index's biggest single-stock stories.
Visa (V)
The world's payment rails, added in the 2013 refresh. Visa earns a toll on a huge share of global card transactions, making it the index's cleanest single read on the volume — not the health, just the volume — of consumer spending everywhere.
Walmart (WMT)
The largest company on Earth by revenue is, thanks to a 1999 split history and a low nominal share price, one of the Dow's smaller weights. Its grocery dominance makes it the index's best recession thermometer: when consumers trade down, Walmart's aisles — and its stock — usually say so first.
Recent membership changes
- June 29, 2026 — Alphabet (GOOGL) replaced Verizon (VZ).
- November 8, 2024 — NVIDIA (NVDA) replaced Intel (INTC); Sherwin-Williams (SHW) replaced Dow Inc (DOW).
- February 26, 2024 — Amazon (AMZN) replaced Walgreens Boots Alliance (WBA).
- August 31, 2020 — Salesforce, Amgen and Honeywell replaced ExxonMobil, Pfizer and Raytheon Technologies.
Turnover runs in bursts: long stretches of stability punctuated by clustered swaps, often triggered mechanically — a member's stock split shrinking a sector's weight, or a company being acquired — rather than by a considered verdict on the business. For what a change does to the index's arithmetic on swap day (short answer: nothing, thanks to the divisor), see how the Dow is calculated.