Top 10 Companies in USA by Revenue: There are several top companies in the United States of America, with Walmart being the biggest. Other notable firms include Amazon.com Inc., Exxon Mobil Corp., Apple, UnitedHealth Group, CVS Health, Berkshire Hathaway, Alphabet, McKesson Corp., and Chevron Corporation.
In this article, we are going to learn about the top 10 Companies in the USA in detail, including their type of industry, headquarters, and revenue.
List of Top 10 Companies in USA by Revenue
Here is the list of the top 10 largest companies in the USA based on revenue and other factors:
|
Rank
|
Name of Companies
|
Industry
|
Headquarters
|
Revenue (USD Billion)
|
|
1.
|
Walmart
|
Retail
|
Bentonville, AR
|
611,289
|
|
2.
|
Amazon.Com Inc.
|
Retail/Tech
|
Seattle, WA
|
513,983
|
|
3.
|
Exxon Mobil Corp.
|
Petroleum
|
Spring, TX
|
413,680
|
|
4.
|
Apple
|
Electronics
|
Cupertino, CA
|
394,328
|
|
5.
|
UnitedHealth Group
|
Healthcare
|
Minnetonka, MN
|
324,162
|
|
6.
|
CVS Health
|
Healthcare
|
Woonsocket, RI
|
322,467
|
|
7.
|
Berkshire Hathaway
|
Conglomerate
|
Omaha, NB
|
302,089
|
|
8.
|
Alphabet
|
Technology and Cloud Computing
|
Mountain View, CA
|
282,836
|
|
9.
|
McKesson Corp.
|
Healthcare
|
Irving, TX
|
276,711
|
|
10.
|
Chevron Corporation
|
Petroleum
|
San Ramon, CA
|
246,252
|
1. Walmart
The largest company in the United States at the moment is Walmart Inc., previously known as WalMart shops Inc.; it runs a chain of supermarkets, grocery shops, and cheap department stores. Sam and James “Bud” Walton, brothers, formed this business in Roger, Arkansas, in 1962. On October 31, 1969, it merged with Delaware General Corporation Law.
It also owns and runs the retail warehouses for Sam’s Club. At present, Walmart operates 380 distribution centres in addition to 10,623 retail locations worldwide. There are around 11,003 Walmart locations worldwide. The company is recognized as Walmart in North America while it is referred to as Flipkart Wholesale in India.
2. Amazon.Com
On the list of the best US companies, Amazon.com comes in second place. On July 5, 1944, Jeff Bezos started this company in Washington. It was first only a book market, but as it grew, it added more product categories, earning it the nickname “The Everything Store.”
The company has a number of subsidiaries, including Kuiper Systems, Amazon Labs, Zoox, and Amazon Web Services. IMDB, Ring, Twitch, and Whole Foods Market are more subsidiaries. It grew to become the biggest online retailer in 2023 by offering live streaming, cloud computing, smart speakers, and internet services.
3. ExxonMobil
The third top company in the United States is ExxonMobil. In 1999, this business was created through the merging of Exxon and Mobil, which gave it its current name. This business was previously a division of Standard Oil Company (New Jersey), which was the producer of all standard oil.
Its reserves were around 20 billion BOE at the end of 2016, and almost 14 years were expected to pass before production returned to 2007 levels.
4. Apple Inc.
In terms of revenue, Apple Inc. ranks as the fourth-largest company in the United States. It designs, develops, and markets consumer electronics, computer software, and internet services. Products from Apple include the iPhone, iPad, Mac, Apple Watch, and Apple TV; iTunes, iCloud, and Apple Music are among the software and services available; iOS and macOS are among the operating systems. Originally established as Apple Computer Company on April 1st, 1976, this business sold Steve Woznaik’s personal computer. Eventually, in 1977, Wozniak and Steve Jobs established this company.
Tim Cook took over as the company’s CEO in 2011 after the death of Steve Jobs. Apple became the first publicly traded firm in the United States with a market value of more than $1 trillion in August 2018, $2 trillion in August 2020, and $3 trillion in January 2022. In June 2023, its market worth was around $3 trillion.
5. UnitedHealth Group
On the list of the top companies in the United States, it comes in at number five. It is a distributor of health care services and insurance products, as well as delivery of these services. The company’s market value was $477.4 billion on August 7, 2023. This corporation is divided into two subsidiaries: UnitedHealthcare and Optum.
For the fiscal year 2022, UnitedHealth Group reported earnings of US$20.64 billion on US$324.16 billion in revenue. In 2023, UnitedHealth Group’s sales increased by $47.5 billion, or 14.6%, to $371.6 billion on an annual basis. Operating income reached $32.4 billion in 2023, a 13.8% rise. The amount of operating cash flows was $29.1 billion.
6. CVS Health
In addition to being a pharmacy benefits manager, retail pharmacy chain, and health insurance provider, CVS Health is the sixth-largest company. It is the largest healthcare company. In 1963, Stanely Goldstein, Sidney Goldstein, and Ralph Hoagland established CVS in Lowell, Massachusetts. This company has emerged from a parent company, Mark Steven Inc.
After working for two years, it opened 17 years across the world. At the moment, it handles around 10,000 stores across 49 states, the District of Columbia, and Puerto Rico. By the end of 2018, CVS had grown into a healthcare-focused organisation after changing its name to CVS Healthcare in 2014.
7. Berkshire Hathaway
Founded in 1839, Berkshire Hathaway is a textile manufacturing company and the seventh largest in the USA by revenue. Then, in 1969, Vice Chairman Charlie Munger and Chairman and CEO Warren Buffet developed the business into a conglomerate. Insurance is the company’s primary source of funding.
Its non-insurance subsidiaries could be in the confectionery, railroad, retail, jewelry, clothes, home furnishings, manufacturing, or other industries. Among the top ten firms that comprise the S&P 500 index is Berkshire. Buffett chose not to split the stock, therefore as of March 2022, the price per share of its class A shares – which reached $500,000 – is the highest of any publicly traded company worldwide.
8. Alphabet
Alphabet Inc. is the eighth largest company in the list of top companies in the USA, which emerged from Google on 2nd October, 2015. Alphabet Inc. was founded with the intention of making Google’s core business “cleaner and more accountable” while giving group companies more freedom.
In the calendar and fiscal year 2021, Alphabet’s net income was $76.033 billion. With $257.6 billion in sales for the year, it was 41% more than the previous fiscal year. Alphabet had its worst quarterly growth in October 2022, with lower sales than it had in over ten years. Alphabet came in at number seven on the Global 2000 list of the World’s Largest Public Companies in 2023.
9. McKesson Corporation
McKesson Corporation is the ninth largest corporate giant, which provides medical supplies, care management tools, and health information technology. Besides offering the healthcare sector a vast network foundation, McKesson was a leader in the use of technology such as RFID tags, robotic pharmacy services, and bar-code scanning for distribution.
In the fiscal year, ending 31 March 2021, the company had revenue of $238.2 Billion. With an annual revenue of US$208.357 billion, McKesson recorded earnings of US$67 million for the 2018 fiscal year, a 5.0% rise over the previous fiscal cycle. In October 2018, McKesson’s market capitalization reached US$24.3 billion, with company shares trading at over $142 per share.
10. Chevron Corporation
Chevron Corporation is in tenth position in the list of top companies of the USA, which primarily works in the oil and gas industry. It was earlier known as Standard Oil Company of California. Along with oil and gas production, this company also produces hydrocarbon refining, exploration, production, marketing, and transportation.
The company recorded sales of USD 51,922 million for the third quarter of 2023, a decrease from USD 63,508 million during the same period in the previous year. In comparison to USD 66,644 million a year before, revenue was USD 54,080 million.
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Conclusion – Top 10 Companies in USA by Revenue
Top Companies like Walmart, Amazon, and ExxonMobil are common on the list of the largest firms in the United States based on revenue. The success of these companies shapes the nation’s economic direction and global competitiveness. It is a proof to a variety of corporate strategy, creative techniques, and flexibility in a constantly changing commercial market.
FAQs on Top 10 Companies in USA by Revenue
What is the Richest Company in US?
Apple Inc. was the richest company in the United States by market capitalization.
What is the Largest Company in the US by Revenue?
Walmart was the largest company in the US by revenue.
How often is the list of Largest Companies in USA by Revenue updated?
These companies are ranked on the basis of their annual revenue, which is the total income generated by them in a fiscal year.
How do Largest Companies in USA contribute to the economy?
These companies provide employment opportunities, contribute to GDP, and generate tax revenue.
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