Special Report

The Largest Company in Every State

bluejayphoto / Getty Images

In the 2018 fiscal year, the 500 largest companies in the United States generated $13.7 trillion in revenue — approximately two-thirds of the U.S. GDP.

While many of the largest U.S. companies are headquartered in America’s major metropolitan areas — about one in five are either in New York, Houston, Atlanta, Chicago, or Dallas — a majority of states are home to at least one Fortune 500 corporation. Factors such as the availability of talented workers, cost of living, and natural resources can affect where a company chooses to locate its headquarters and help explain the geographic distribution of the largest U.S. companies today.

Based on SEC filings and estimates of private company figures, 24/7 Wall St. determined the largest company in every state. This list is based on publicly available information, and not all companies publish revenue figures.

The largest company in a given state is often in an industry important to that state. In Nevada, for example, the largest company is the luxury casino and hotel line Las Vegas Sands Corporation. 

Similarly, Amazon — the most valuable brand in the world today — is the largest company in Washington state, which is home to the headquarters of other major tech companies such as Microsoft. 

In some of the more rural parts of the country, where Fortune 500 companies are less common, the largest companies are in the energy and utilities sectors. In New Mexico, West Virginia, North Dakota, and Hawaii, the largest company is a utility, and in Alaska, Utah, and Wyoming, the largest company is in the energy sector.

In some cases, the revenue figure listed is an estimate. We excluded companies from consideration when figures were not available or an estimation could not be made. 

Many of the states with the most large companies rank among the states with the best economies, and many of the states without a Fortune 500 company rank among the worst states for doing business.

Click here to see the largest company in every state
Click here to see our methodology

Source: jopoe / Flickr

1. Alabama
> Largest company: Alabama Power Company
> Revenue: $6.0 billion
> Headquarters: Birmingham, AL
> Industry: Utilities

Alabama Power provides electricity to approximately 1.4 million residential, commercial, and industrial customers throughout the state.

See all stories featuring: Alabama


Source: reisegraf / Getty Images

2. Alaska
> Largest company: Arctic Slope Regional Corporation
> Revenue: $2.7 billion
> Headquarters: Barrow, AK
> Industry: Energy

One of 13 Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971, Arctic Slope Regional Corporation operates across six major business segments — energy support services, petroleum refining and marketing, government contract services, construction, industrial services, and resource development.

See all stories featuring: Alaska

Source: Wikimedia Commons

3. Arizona
> Largest company: Avnet, Inc.
> Revenue: $19.0 billion
> Headquarters: Phoenix, AZ
> Industry: Electronics

Avnet became the largest publicly-held company in Arizona after it relocated its headquarters from New York to Phoenix in 1998. The company sells electronics and electronic components like batteries, cables, semiconductors, and transistors.

See all stories featuring: Arizona

Source: pandora_6666 / Flickr

4. Arkansas
> Largest company: Walmart Inc.
> Revenue: $514.4 billion
> Headquarters: Bentonville, AK
> Industry: Retail

With over $500 billion in annual revenue, Walmart is the largest company in the world by revenue. Walmart was founded in Rogers, Arkansas, in 1962.

See all stories featuring: Arkansas


Source: Justin Sullivan / Getty Images

5. California
> Largest company: Apple Inc.
> Revenue: $265.6 billion
> Headquarters: Cupertino, CA
> Industry: Consumer electronics

With $265.6 billion in annual revenue, Apple is the largest company in California and one of the five largest companies in the United States. It is one of the most influential companies in Silicon Valley.

See all stories featuring: California

Source: Courtesy of Arrow Electronics

6. Colorado
> Largest company: Arrow Electronics, Inc.
> Revenue: $29.7 billion
> Headquarters: Centennial, CO
> Industry: Electronics

Arrow Electronics distributes and provides services related to electronic components and computer supplies. Arrow relocated its headquarters to Centennial, Colorado, in 2011.

See all stories featuring: Colorado


Source: Sage Ross / Wikimedia Commons

7. Connecticut
> Largest company: Aetna Inc.
> Revenue: $60.5 billion
> Headquarters: Hartford, CT
> Industry: Health care

One of the largest health insurance companies, Aetna serves an estimated 37.9 million people. Aetna is one of 27 Fortune 1000 companies headquartered in Connecticut, the most of any state when adjusted for population.

See all stories featuring: Connecticut

Source: Mark Makela / Getty Images

8. Delaware
> Largest company: DowDuPont Inc.
> Revenue: $18.3 billion
> Headquarters: Wilmington, DE
> Industry: Chemicals

E. I. du Pont de Nemours and Company merged with Michigan-based Dow Chemical Company to form the holding company DowDuPont in 2017.

See all stories featuring: Delaware

Source: Courtesy of World Fuel Services

9. Florida
> Largest company: World Fuel Services
> Revenue: $39.8 billion
> Headquarters: Miami, FL
> Industry: Energy

World Fuel Services sells fuel and related products to the aviation, marine, and land transportation industries through a network of dozens of international offices and more than 5,000 employees worldwide.

See all stories featuring: Florida


Source: Jessica McGowan / Getty Images

10. Georgia
> Largest company: The Home Depot, Inc.
> Revenue: $108.2 billion
> Headquarters: Atlanta, GA
> Industry: Retail

The first Home Depot opened in Atlanta in 1979. With 2,287 stores throughout North America today, the company reported $108.2 billion in annual sales.

See all stories featuring: Georgia

Source: Xklaim / Wikimedia Commons

11. Hawaii
> Largest company: Hawaiian Electric Industries, Inc.
> Revenue: $2.9 billion
> Headquarters: Honolulu, HI
> Industry: Utilities

Through its subsidiaries, Hawaiian Electric Company provides electricity to approximately 95% of Hawaii’s population.

See all stories featuring: Hawaii


Source: Caldorwards4 at English Wikipedia / Wikimedia Commons

12. Idaho
> Largest company: Albertsons Companies, Inc.
> Revenue: $60.5 billion
> Headquarters: Boise, ID
> Industry: Grocery

Albertsons Companies operates 2,269 grocery stores under a range of brand names including Albersons, Safeway, and Acme with approximately 267,000 employees across 34 states and the District of Columbia.

See all stories featuring: Idaho

Source: Justin Sullivan / Getty Images

13. Illinois
> Largest company: Walgreens Boots Alliance, Inc.
> Revenue: $131.5 billion
> Headquarters: Deerfield, IL
> Industry: Retail pharmacy

In 2014, Walgreens merged with pharmacy and beauty group Alliance Boots. The combined company, which now operates 18,500 stores across 11 countries, reported $131.5 billion in revenue in fiscal 2018.

See all stories featuring: Illinois

Source: A.J. Mast / Getty Images

14. Indiana
> Largest company: Anthem, Inc.
> Revenue: $91.3 billion
> Headquarters: Indianapolis, IN
> Industry: Health care

The health insurance provider that is now Anthem grew out of two mutual insurance companies formed in Indiana in the 1940s.

See all stories featuring: Indiana


Source: Courtesy of Berkshire Hathaway Energy Company

15. Iowa
> Largest company: Berkshire Hathaway Energy Company
> Revenue: $19.8 billion
> Headquarters: Des Moines, IA
> Industry: Energy

A consolidated subsidiary of Berkshire Hathaway, Berkshire Hathaway Energy is a conglomeration of utilities and energy companies that collectively employ 23,000 workers and serve 8.8 million electric and natural gas customers.

See all stories featuring: Iowa

Source: Chip Somodevilla / Getty Images

16. Kansas
> Largest company: Koch Industries, Inc.
> Revenue: $110.0 billion
> Headquarters: Wichita, KS
> Industry: Conglomerate

Koch Industries is a private company that, through a diverse portfolio of companies operating in refining, fertilizer, electronics, commodities, ranching, and other industries, employs nearly 130,000 workers worldwide and generates an estimated $110.0 billion in annual revenue.

See all stories featuring: Kansas


Source: Thomas_Kelley / iStock

17. Kentucky
> Largest company: Humana Inc.
> Revenue: $56.9 billion
> Headquarters: Louisville, KY
> Industry: Health care

Health insurance provider Humana was founded as a nursing home company in 1961. Serving approximately 16.6 million customers throughout the United States today, the company reported $56.9 billion in revenue in 2018.

See all stories featuring: Kentucky

Source: jetcityimage / iStock

18. Louisiana
> Largest company: CenturyLink, Inc.
> Revenue: $23.4 billion
> Headquarters: Monroe, LA
> Industry: Telecommunications

One of the largest providers of communications services in the world, CenturyLink operates 450,000 miles of fiber optic cable around the world and employs approximately 45,000 workers.

See all stories featuring: Louisiana

Source: Anthony92931 / Wikimedia Commons

19. Maine
> Largest company: Hannaford Bros. Co, LLC
> Revenue: $3.9 billion
> Headquarters: Scarborough, ME
> Industry: Grocery

A subsidiary of Dutch grocery conglomerate Ahold Delhaize, Hannaford generated an estimated $3.9 billion in revenue across its 181 stores in 2018.

See all stories featuring: Maine


Source: Kevin Moloney / Getty Images

20. Maryland
> Largest company: Lockheed Martin Corporation
> Revenue: $53.8 billion
> Headquarters: Bethesda, MD
> Industry: Defense

Defense contractor Lockheed Martin reported $53.8 billion in revenue in fiscal 2018, the most of any company in Maryland. Some 70% of the company’s revenue came from contracts with the federal government.

See all stories featuring: Maryland

Source: josefkubes / iStock

21. Massachusetts
> Largest company: General Electric Company
> Revenue: $121.6 billion
> Headquarters: Boston, MA
> Industry: Conglomerate

Though General Electric started as an incandescent bulbs manufacturer, today lighting accounts for just 1.4% of its $121.6 billion in annual revenue..

See all stories featuring: Massachusetts


Source: jeepersmedia / Flickr

22. Michigan
> Largest company: Ford (NYSE: F)
> Revenue: $160.3 billion
> Headquarters: Dearborn, MI
> Industry: Auto manufacturing

One of several large automobile manufacturers in the Detroit metro area, Ford reported revenue of over $160 billion, surpassing GM’s $147 billion.

See all stories featuring: Michigan

Source: Courtesy of UnitedHealth Group

23. Minnesota
> Largest company: UnitedHealth Group Incorporated
> Revenue: $226.2 billion
> Headquarters: Minnetonka, MN
> Industry: Health care

The company that would become UnitedHealth Group — the largest health insurance provider by revenue in the world today — was formed in 1974 in Minnetonka, Minnesota, where it remains headquartered today.

See all stories featuring: Minnesota

Source: Billy Hathorn / Wikimedia Commons

24. Mississippi
> Largest company: Sanderson Farms, Inc.
> Revenue: $3.2 billion
> Headquarters: Laurel, MS
> Industry: Poultry farms

The sole Fortune 1000 company headquartered in Mississippi, poultry producer Sanderson Farms began as a farm supply business in Laurel, Mississippi, in 1947, and today it has the capacity to process more than 13 million chickens per week.

See all stories featuring: Mississippi


Source: Courtesy of Express Scripts Holding Company

25. Missouri
> Largest company: Express Scripts Holding Company
> Revenue: $100.1 billion
> Headquarters: St. Louis, MO
> Industry: Health care

The largest pharmacy benefit management company in the United States, Express Scripts works with clients such as hospitals and health insurance companies.

See all stories featuring: Missouri

Source: Courtesy of Glacier Bancorp, Inc.

26. Montana
> Largest company: Glacier Bancorp, Inc.
> Revenue: $587.8 million
> Headquarters: Kalispell, MT
> Industry: Banking

Glacier Bancorp is a regional bank with 169 locations throughout Montana, Idaho, Colorado, Utah, Washington, Wyoming, and Arizona.

See all stories featuring: Montana


Source: Eric Francis / Getty Images

27. Nebraska
> Largest company: Berkshire Hathaway Inc.
> Revenue: $247.8 billion
> Headquarters: Omaha, NE
> Industry: Conglomerate

The third largest company in the United States by revenue, Berkshire Hathaway is a conglomerate with interests in insurance, railroad, energy, manufacturing, retail, and financial services, among other industries. It has been under the leadership of CEO Warren Buffett since 1965.

See all stories featuring: Nebraska

Source: tobiasjo / Getty Images

28. Nevada
> Largest company: Las Vegas Sands Corp.
> Revenue: $13.7 billion
> Headquarters: Las Vegas, NV
> Industry: Casinos and resorts

Las Vegas Sands Corporation began with the purchase of the Sands Hotel in Las Vegas in 1989. It has since expanded to nine luxury properties throughout Las Vegas, Macao, and Singapore.

See all stories featuring: Nevada

Source: C&S Wholesale Grocers

29. New Hampshire
> Largest company: C&S Wholesale Grocers, Inc.
> Revenue: $27.0 billion
> Headquarters: Keene, NH
> Industry: Grocery

C&S Wholesale Grocers is a private company that supplies grocery products to approximately 7,700 stores throughout the United States.

See all stories featuring: New Hampshire


Source: Chris Hondros / Getty Images

30. New Jersey
> Largest company: Johnson & Johnson
> Revenue: $81.6 billion
> Headquarters: New Brunswick, NJ
> Industry: Consumer products

Founded in 1886 in New Brunswick, New Jersey, J&J today owns over 90 brands, including Band-Aid, Listerine, and Tylenol, as well as its namesake brand Johnson’s.

See all stories featuring: New Jersey

Source: Camerafiend / Wikimedia Commons

31. New Mexico
> Largest company: PNM Resources, Inc.
> Revenue: $1.4 billion
> Headquarters: Albuquerque, NM
> Industry: Utilities

PNM Resources is a holding company that, through its two subsidiaries PNM and TNMP, provides electricity and electric services to more than 781,000 homes and businesses throughout New Mexico and Texas.

See all stories featuring: New Mexico


Source: Spencer Platt / Getty Images

32. New York
> Largest company: Verizon Communications Inc.
> Revenue: $130.9 billion
> Headquarters: New York, NY
> Industry: Telecommunications

Verizon was created in 2000 as the result of a merger between telecommunications giants Bell Atlantic and GTE. Today, it is the largest wireless carrier by subscribers in the United States.

See all stories featuring: New York

Source: Davis Turner / Getty Images

33. North Carolina
> Largest company: Bank of America Corporation
> Revenue: $91.2 billion
> Headquarters: Charlotte, NC
> Industry: Banking

Bank of America relocated its corporate headquarters to Charlotte, North Carolina, after it merged with Charlotte-based NationsBank in 1998.

See all stories featuring: North Carolina

Source: dave_mcmt / Flickr

34. North Dakota
> Largest company: MDU Resources Group, Inc.
> Revenue: $4.5 billion
> Headquarters: Bismarck, ND
> Industry: Utilities, energy, construction

The sole Fortune 1000 company in North Dakota, MDU Resources provides electric and natural gas utilities, natural gas pipeline services, construction materials, and construction services through several subsidiaries throughout the United States.

See all stories featuring: North Dakota


Source: Courtesy of Cardinal Health

35. Ohio
> Largest company: Cardinal Health, Inc.
> Revenue: $136.8 billion
> Headquarters: Dublin, OH
> Industry: Health care

The company that would become Cardinal Health was founded as a food wholesaler in 1971. Today, Cardinal Health is one of the largest distributors of pharmaceutical and medical products in the world, serving nearly 85% of U.S. hospitals, according to the company.

See all stories featuring: Ohio

Source: Courtesy of NGL Energy Partners

36. Oklahoma
> Largest company: NGL Energy Partners LP
> Revenue: $24.0 billion
> Headquarters: Tulsa, OK
> Industry: Energy

NGL Energy Partners is a transporter of crude oil, wastewater, natural gas liquids, and refined petroleum products. Oil and gas extraction companies together account for 13.7% of Oklahoma’s GDP, the third largest share of any state.

See all stories featuring: Oklahoma


Source: Natalie Behring / Getty Images

37. Oregon
> Largest company: Nike, Inc.
> Revenue: $36.4 billion
> Headquarters: Beaverton, OR
> Industry: Apparel

Founded in 1964 by University of Oregon track-and-field coach Bill Bowerman and his former student Phil Knight, Nike today is one of the most valuable brands in the world, due in no small part to its high-profile athlete endorsements and iconic “swoosh” logo.

See all stories featuring: Oregon

Source: Wikimedia Commons

38. Pennsylvania
> Largest company: AmerisourceBergen Corporation
> Revenue: $167.9 billion
> Headquarters: Chesterbrook, PA
> Industry: Pharmaceuticals

AmerisourceBergen is one of the world’s largest pharmaceutical distributors, with more than 20,000 employees, $167.9 billion in annual revenue, and over 3 million products shipped each day.

See all stories featuring: Pennsylvania

Source: jjbers / Flickr

39. Rhode Island
> Largest company: CVS Health Corporation
> Revenue: $194.6 billion
> Headquarters: Woonsocket, RI
> Industry: Retail pharmacy

Founded as a single store in 1963, CVS today is the largest pharmacy retailer in the United States, with $194.6 billion in annual revenue and more than 9,900 retail locations.

See all stories featuring: Rhode Island


Source: Sjo / Getty Images

40. South Carolina
> Largest company: Michelin North America
> Revenue: $10.8 billion
> Headquarters: Greenville, SC
> Industry: Manufacturing

Michelin North America, the U.S. operation of the French tire manufacturer Michelin Group, operates 19 plants in North America and employs approximately 22,000 workers.

See all stories featuring: South Carolina

Source: Jim Hammer / Flickr

41. South Dakota
> Largest company: Tyson Fresh Meats
> Revenue: $20.0 billion
> Headquarters: Dakota Dunes, SD
> Industry: Food processing

Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, Inc., is responsible for approximately half of its parent company’s annual revenue.

See all stories featuring: South Dakota


Source: Thomas R Machnitzki / Wikimedia Commons

42. Tennessee
> Largest company: FedEx Corporation
> Revenue: $65.5 billion
> Headquarters: Memphis, TN
> Industry: Shipping

Boasting a fleet of 682 aircraft and 180,000 land vehicles, FedEx ships an average of 15 million packages across 220 countries and territories every day.

See all stories featuring: Tennessee

Source: diversey / Flickr

43. Texas
> Largest company: Exxon Mobil Corporation
> Revenue: $290.2 billion
> Headquarters: Irving, TX
> Industry: Energy

Exxon Mobil produces an average of 3.8 million barrels of oil and gas every day. With $290.2 billion in annual revenue in fiscal 2018, it is the second largest company nationwide. The extraction industry accounts for 8.3% of Texas GDP, more than five times the national share.

See all stories featuring: Texas

Source: dok1 / Flickr

44. Utah
> Largest company: Sinclair Oil Corporation
> Revenue: $5.1 billion
> Headquarters: Salt Lake City, UT
> Industry: Energy

Founded in 1916, Sinclair is a private, family-owned oil and gas extraction and distribution company that operates over 1,400 branded stations across 29 states.

See all stories featuring: Utah


Source: Courtesy of National Life Group

45. Vermont
> Largest company: NLV Financial Corporation
> Revenue: $1.9 billion
> Headquarters: Montpelier, VT
> Industry: Life insurance

The sole Fortune 1000 company in Vermont, NLV Financial Corporation is the parent company of National Life Holding Company, a mutual insurance holding company originally chartered by the Vermont Legislature in 1848.

See all stories featuring: Vermont

Source: Ethan Miller / Getty Images

46. Virginia
> Largest company: General Dynamics Corporation
> Revenue: $36.2 billion
> Headquarters: Falls Church, VA
> Industry: Defense

General Dynamics is one of several major defense contractors based in the Washington, D.C. metro area. In 2018, the U.S. Department of Defense accounted for 65% of General Dynamics’ revenue.

See all stories featuring: Virginia


Source: David Ryder / Getty Images

47. Washington
> Largest company: Amazon.com, Inc.
> Revenue: $232.9 billion
> Headquarters: Seattle, WA
> Industry: E-commerce

Amazon is one of several major tech companies headquartered in Washington, where the information sector accounts for 13.3% of GDP — the largest share of any state.

See all stories featuring: Washington

Source: Courtesy of Monongahela Power Company

48. West Virginia
> Largest company: Monongahela Power Company
> Revenue: $1.7 billion
> Headquarters: Fairmont, WV
> Industry: Utilities

A subsidiary of Ohio-based utilities company FirstEnergy, Mon Power provides electricity to residential, commercial, and industrial customers throughout central West Virginia.

See all stories featuring: West Virginia

Source: Photo by Alexander Koerner / Getty Images

49. Wisconsin
> Largest company: Johnson Controls International plc
> Revenue: $31.4 billion
> Headquarters: Milwaukee, WI
> Industry: Manufacturing

While Johnson Controls International — the result of a 2016 merger between Johnson Controls Inc. and Tyco International — is headquartered in Ireland for tax reasons, the automotive and building equipment manufacturer maintains a North American headquarters in Milwaukee.

See all stories featuring: Wisconsin


Source: Mr. Satterly / Wikimedia Commons

50. Wyoming
> Largest company: Cloud Peak Energy Inc.
> Revenue: $832.4 million
> Headquarters: Gillette, WY
> Industry: Energy

Cloud Peak Energy is a coal mining company that controls approximately 977.3 million tons of proven and probable reserves. Oil and gas extraction accounts for 20.1% of Wyoming’s total GDP, the largest share of any state.

See all stories featuring: Wyoming


To determine the largest company in every state, 24/7 Wall St. analyzed the SEC filings of public companies and estimates or annual reports of private companies in the Fortune 1000 and S&P Capital IQ database. Nonprofit hospital systems and government-owned enterprises were not considered. Subsidiaries were considered as long as they were determined to operate independently. In some cases, the revenue figure listed is an estimate. We excluded companies from consideration when figures were not available or an estimation could not be made.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.