Markets
America’s Top Companies by Revenue (1994 vs. 2023)
See this visualization first on the Voronoi app.
America’s Top Companies by Revenue (1994 vs. 2023)
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
A lot has changed since the 1990s, especially in the business world.
To highlight these changes, we’ve visualized the top 10 U.S. companies by revenue, in both 1994 and 2023. Figures for 1994 were sourced from the American Business History Center, while 2023 figures come from the latest Fortune 500 ranking.
Note that 1994 figures were not adjusted for inflation, but we’ll get to that further below.
Company (1994) | Revenue ($B) | Company (2023) | Revenue ($B) |
---|---|---|---|
General Motors | 155 | Walmart | 611 |
Ford | 128 | Amazon | 514 |
Exxon | 102 | Exxon Mobil | 414 |
Walmart | 83 | Apple | 394 |
AT&T | 75 | UnitedHealth Group | 324 |
General Electric | 65 | CVS Health | 322 |
IBM | 64 | Berkshire Hathaway | 302 |
Mobil | 60 | Alphabet | 283 |
Sears | 55 | McKesson | 264 |
Philip Morris | 54 | Chevron | 246 |
Total | 841 | Total | 3,674 |
Based on this data, we can see that today’s top 10 list looks very different from what it used to.
Remembering the Nineties
Before Big Tech, the Big Three automakers dominated the American business landscape (Chrysler ranked 11th in 1994, just behind Philip Morris).
Speaking of Philip Morris, the company is now known as Altria following a major 2003 rebranding. The change was made due to the company’s diversification outside of tobacco.
Another big change that has occurred since 1994 is the merger of Exxon and Mobil, currently known as ExxonMobil. It’s interesting to note that ExxonMobil is just one of two companies still in the top 10 today (the other being Walmart).
Inflation-Adjusted Figures
Based on U.S. CPI data, the inflation rate from 1994 to 2023 is approximately 105.6%.
See below for the inflation adjusted revenue figures of 1994’s top 10 companies.
Company (1994) | Revenue ($B) (Inflation adjusted) | Company (2023) | Revenue ($B) |
---|---|---|---|
General Motors | 319 | Walmart | 611 |
Ford | 263 | Amazon | 514 |
Exxon | 210 | Exxon Mobil | 414 |
Walmart | 171 | Apple | 394 |
AT&T | 154 | UnitedHealth Group | 324 |
General Electric | 134 | CVS Health | 322 |
IBM | 132 | Berkshire Hathaway | 302 |
Mobil | 123 | Alphabet | 283 |
Sears | 113 | McKesson | 264 |
Philip Morris | 111 | Chevron | 246 |
Total | 1,618 | Total | 3,674 |
Even after accounting for inflation, the biggest companies of 1994 are still far behind when it comes to revenue.
One interesting takeaway is Walmart’s growth over this roughly three-decade period. Not only is Walmart currently the world’s biggest company by revenue, it’s also America’s biggest employer.
Markets
The Best U.S. Companies to Work for According to LinkedIn
We visualized the results of a LinkedIn study on the best U.S. companies to work for in 2024.
The Best U.S. Companies to Work for According to LinkedIn
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In this graphic, we list the 15 best U.S. companies to work for in 2024, according to LinkedIn data.
LinkedIn ranked companies based on eight pillars: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background, and employee presence in the country.
To be eligible, companies must have had 5,000 or more global employees, with at least 500 in the country as of December 31, 2023.
Data and Highlights
Financial institutions dominate the ranking of the best U.S. companies to work for in 2024, with JP Morgan Chase & Co. ranking first.
Rank | Company | Industry |
---|---|---|
1 | JP Morgan Chase & Co. | Financial Services |
2 | Amazon | E-commerce |
3 | Wells Fargo | Financial Services |
4 | Deloitte | Professional Services |
5 | PwC | Professional Services |
6 | UnitedHealth Group | Healthcare |
7 | AT&T | Telecommunications |
8 | Verizon | Telecommunications |
9 | Moderna | Pharmaceuticals |
10 | Alphabet Inc. | Technology |
11 | General Motors | Automotive |
12 | Bank of America | Financial Services |
13 | Mastercard | Financial Services |
14 | Capital One | Financial Services |
15 | Northrop Grumman | Aerospace & Defense |
J.P. Morgan has a program that offers opportunities for candidates without a university degree. In fact, in 2022, 75% of job descriptions at the bank for experienced hires did not require a college degree.
Meanwhile, Deloitte and Amazon offer a variety of free training courses, including in AI.
Moderna includes in its employee package benefits to help avoid employee burnout — from subsidized commuter expenses and pop-up daycare centers, to wellness coaches.
Mastercard offers flexible work availability, with 11.5% remote and 89% hybrid options.
It’s also interesting to note that only Amazon and Alphabet made the cut from the ‘Magnificent Seven’ companies (Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla).
See more about the best companies to work for in this infographic, which covers a separate ranking from Glassdoor.
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