THE WORLD'S MOST ADMIRED COMPANIES

THE BIGGEST TECH COMPANIES may be facing relatively tough times, but the 25th edition of the Fortune World's Most Admired Companies All-Stars list suggests that the giants' peers respect them as much as ever.

- Matt Heimer and Scott DeCarlo

For the 16th consecutive year, Apple finishes first in our annual ranking of corporate reputation, based on a poll of some 3,700 corporate executives, directors, and analysts. Amazon and Microsoft tied for second. Financial companies earned recognition for navigating an inflation-addled economy: JPMorgan Chase (No. 5) reached its highest rank ever, while Morgan Stanley made its debut in our top 50. Elsewhere, Costco Wholesale (No. 7) rose above its industry's supply-chain woes to notch its best-ever ranking, while Netflix fell from No. 9 to 29 as fierce competition dented its historic dominance in streaming. (FOR MORE DETAILED RANKINGS, VISIT FORTUNE.COM.)

INDUSTRY STANDOUTS AS RANKED BY THEIR PEERS

PUBLIC ADMIRATION, PRIVATE RESPECT

AS WE'VE LEARNED over a quarter-century of publishing the Fortune World's Most Admired Companies list, a corporate reputation is a multifaceted concept. It includes the impression you make on casual observers by producing strong results. Then there's the more intimate esteem you earn from customers, employees, and collaborators. Sweetest of all, there's the respect you command from competitors when they have no choice but to acknowledge that you're great at what you do.

Our list aims to capture all of these elements (see our methodology on the right). Our All-Stars list ranks companies by the acclaim they win from the wider business community, including those they do business with. Meanwhile, our individual industry rankings, available online, capture that third category, the standing each company holds among rivals in its own industry.