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Top DAX Companies by Market Cap and Stocks in 2025

This is the list of the largest public listed companies in the DAX index ranked by market capitalization, together with links to their reference stock, sector and industry.

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Top DAX Companies Ranking by Market Cap as of Jan. 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
1 SAP SE SAP wb_incandescent $309.57 B Germany German Technology German Software—Application
2 Siemens AG SIE wb_incandescent $159.05 B Germany German Industrials German Specialty Industrial Machinery
3 Deutsche Telekom AG DTE wb_incandescent $156.57 B Germany German Communication Services German Telecom Services
4 Airbus SE AIR wb_incandescent $130.33 B Netherlands Dutch Industrials Dutch Aerospace & Defense
5 Allianz SE ALV wb_incandescent $121.71 B Germany German Financials German Insurance—Diversified
6 Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München MUV2 wb_incandescent $69.48 B Germany German Financials German Insurance—Reinsurance
7 MERCK Kommanditgesellschaft auf Aktien MRK wb_incandescent $65.17 B Germany German Healthcare German Drug Manufacturers—Specialty & Generic
8 Mercedes-Benz Group AG MBG wb_incandescent $62.65 B Germany German Consumer Discretionary German Auto Manufacturers
9 Siemens Healthineers AG SHL wb_incandescent $59.19 B Germany German Healthcare German Diagnostics & Research
10 Dr. Ing. h.c. F. Porsche AG P911 wb_incandescent $55.93 B Germany German Consumer Discretionary German Auto Manufacturers
11 Bayerische Motoren Werke AG BMW wb_incandescent $49.28 B Germany German Consumer Discretionary German Auto Manufacturers
12 Volkswagen AG VOW wb_incandescent $48.44 B Germany German Consumer Discretionary German Auto Manufacturers
13 adidas AG ADS wb_incandescent $45.97 B Germany German Consumer Discretionary German Footwear & Accessories
14 Infineon Technologies AG IFX wb_incandescent $45.31 B Germany German Technology German Semiconductors
15 Deutsche Börse AG DB1 wb_incandescent $43.81 B Germany German Financials German Financial Data & Stock Exchanges
16 Deutsche Post AG DHL wb_incandescent $43.36 B Germany German Industrials German Integrated Freight & Logistics
17 BASF SE BAS wb_incandescent $42.22 B Germany German Basic Materials German Chemicals
18 Siemens Energy AG ENR wb_incandescent $41.36 B Germany German Utilities German Utilities—Independent Power Producers
19 Deutsche Bank AG DBK wb_incandescent $38.45 B Germany German Financials German Banks—Regional
20 Henkel AG & Co KGaA HEN wb_incandescent $34.96 B Germany German Consumer Staples German Household & Personal Products
21 Rheinmetall AG RHM wb_incandescent $32.95 B Germany German Industrials German Industrial Distribution
22 Hannover Rück SE HNRB wb_incandescent $32.38 B Germany German Financials German Insurance—Reinsurance
23 Daimler Truck Holding AG DTG wb_incandescent $30.98 B Germany German Industrials German Farm & Heavy Construction Machinery
24 E.ON SE EOAN wb_incandescent $29.35 B Germany German Utilities German Utilities—Diversified
25 Beiersdorf AG BEI wb_incandescent $28.99 B Germany German Consumer Staples German Household & Personal Products
26 Heidelberg Materials AG HEI wb_incandescent $25.18 B Germany German Basic Materials German Building Materials
27 Vonovia SE VNA wb_incandescent $24.19 B Germany German Real Estate German Real Estate Services
28 Commerzbank AG CBK wb_incandescent $22.46 B Germany German Financials German Banks—Regional
29 RWE AG RWE wb_incandescent $22.45 B Germany German Utilities German Utilities—Diversified
30 Bayer AG BAYN wb_incandescent $21.26 B Germany German Healthcare German Drug Manufacturers—General

Top DAX Companies Ranking by Market Cap as of Jan. 1, 2025

1. SAP

Company Profile: SAP SE
Market Cap (USD): $309.57 B
Stock: SAP wb_incandescent
Country: Germany
Sector: German Technology
Industry: German Software—Application

2. Siemens

Company Profile: Siemens AG
Market Cap (USD): $159.05 B
Stock: SIE wb_incandescent
Country: Germany
Sector: German Industrials
Industry: German Specialty Industrial Machinery

3. Deutsche Telekom

Company Profile: Deutsche Telekom AG
Market Cap (USD): $156.57 B
Stock: DTE wb_incandescent
Country: Germany
Sector: German Communication Services
Industry: German Telecom Services

4. Airbus

Company Profile: Airbus SE
Market Cap (USD): $130.33 B
Stock: AIR wb_incandescent
Country: Netherlands
Sector: Dutch Industrials
Industry: Dutch Aerospace & Defense

5. Allianz SE

Company Profile: Allianz SE
Market Cap (USD): $121.71 B
Stock: ALV wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Insurance—Diversified

6. Munich Re

Company Profile: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Market Cap (USD): $69.48 B
Stock: MUV2 wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Insurance—Reinsurance

7. MERCK Kommanditgesellschaft auf Aktien

Company Profile: MERCK Kommanditgesellschaft auf Aktien
Market Cap (USD): $65.17 B
Stock: MRK wb_incandescent
Country: Germany
Sector: German Healthcare
Industry: German Drug Manufacturers—Specialty & Generic

8. Mercedes-Benz Group AG

Company Profile: Mercedes-Benz Group AG
Market Cap (USD): $62.65 B
Stock: MBG wb_incandescent
Country: Germany
Sector: German Consumer Discretionary
Industry: German Auto Manufacturers

9. Siemens Healthineers AG

Company Profile: Siemens Healthineers AG
Market Cap (USD): $59.19 B
Stock: SHL wb_incandescent
Country: Germany
Sector: German Healthcare
Industry: German Diagnostics & Research

10. Porsche

Company Profile: Dr. Ing. h.c. F. Porsche AG
Market Cap (USD): $55.93 B
Stock: P911 wb_incandescent
Country: Germany
Sector: German Consumer Discretionary
Industry: German Auto Manufacturers

11. Bayerische Motoren Werke AG

Company Profile: Bayerische Motoren Werke AG
Market Cap (USD): $49.28 B
Stock: BMW wb_incandescent
Country: Germany
Sector: German Consumer Discretionary
Industry: German Auto Manufacturers

12. Volkswagen

Company Profile: Volkswagen AG
Market Cap (USD): $48.44 B
Stock: VOW wb_incandescent
Country: Germany
Sector: German Consumer Discretionary
Industry: German Auto Manufacturers

13. adidas AG

Company Profile: adidas AG
Market Cap (USD): $45.97 B
Stock: ADS wb_incandescent
Country: Germany
Sector: German Consumer Discretionary
Industry: German Footwear & Accessories

14. Infineon Technologies AG

Company Profile: Infineon Technologies AG
Market Cap (USD): $45.31 B
Stock: IFX wb_incandescent
Country: Germany
Sector: German Technology
Industry: German Semiconductors

15. Deutsche Börse AG

Company Profile: Deutsche Börse AG
Market Cap (USD): $43.81 B
Stock: DB1 wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Financial Data & Stock Exchanges

16. DHL Group

Company Profile: Deutsche Post AG
Market Cap (USD): $43.36 B
Stock: DHL wb_incandescent
Country: Germany
Sector: German Industrials
Industry: German Integrated Freight & Logistics

17. BASF SE

Company Profile: BASF SE
Market Cap (USD): $42.22 B
Stock: BAS wb_incandescent
Country: Germany
Sector: German Basic Materials
Industry: German Chemicals

18. Siemens Energy

Company Profile: Siemens Energy AG
Market Cap (USD): $41.36 B
Stock: ENR wb_incandescent
Country: Germany
Sector: German Utilities
Industry: German Utilities—Independent Power Producers

19. Deutsche Bank AG

Company Profile: Deutsche Bank AG
Market Cap (USD): $38.45 B
Stock: DBK wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Banks—Regional

20. Henkel AG & Co KGaA

Company Profile: Henkel AG & Co KGaA
Market Cap (USD): $34.96 B
Stock: HEN wb_incandescent
Country: Germany
Sector: German Consumer Staples
Industry: German Household & Personal Products

21. Rheinmetall AG

Company Profile: Rheinmetall AG
Market Cap (USD): $32.95 B
Stock: RHM wb_incandescent
Country: Germany
Sector: German Industrials
Industry: German Industrial Distribution

22. Hannover Rück SE

Company Profile: Hannover Rück SE
Market Cap (USD): $32.38 B
Stock: HNRB wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Insurance—Reinsurance

23. Daimler Truck

Company Profile: Daimler Truck Holding AG
Market Cap (USD): $30.98 B
Stock: DTG wb_incandescent
Country: Germany
Sector: German Industrials
Industry: German Farm & Heavy Construction Machinery

24. E.ON SE

Company Profile: E.ON SE
Market Cap (USD): $29.35 B
Stock: EOAN wb_incandescent
Country: Germany
Sector: German Utilities
Industry: German Utilities—Diversified

25. Beiersdorf AG

Company Profile: Beiersdorf AG
Market Cap (USD): $28.99 B
Stock: BEI wb_incandescent
Country: Germany
Sector: German Consumer Staples
Industry: German Household & Personal Products

26. Heidelberg Materials AG

Company Profile: Heidelberg Materials AG
Market Cap (USD): $25.18 B
Stock: HEI wb_incandescent
Country: Germany
Sector: German Basic Materials
Industry: German Building Materials

27. Vonovia SE

Company Profile: Vonovia SE
Market Cap (USD): $24.19 B
Stock: VNA wb_incandescent
Country: Germany
Sector: German Real Estate
Industry: German Real Estate Services

28. Commerzbank AG

Company Profile: Commerzbank AG
Market Cap (USD): $22.46 B
Stock: CBK wb_incandescent
Country: Germany
Sector: German Financials
Industry: German Banks—Regional

29. RWE AG

Company Profile: RWE AG
Market Cap (USD): $22.45 B
Stock: RWE wb_incandescent
Country: Germany
Sector: German Utilities
Industry: German Utilities—Diversified

30. Bayer AG

Company Profile: Bayer AG
Market Cap (USD): $21.26 B
Stock: BAYN wb_incandescent
Country: Germany
Sector: German Healthcare
Industry: German Drug Manufacturers—General

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