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The Largest Company in Every State by Revenue

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The Largest Company in Every State by Revenue

The Largest Company in Every State by Revenue

Pretty much every state has at least one workhorse company that posts a revenue number in the billions.

In a state like California or Texas, these companies tend to be gargantuan in size even from a national or international perspective. Apple ($216 billion) and ExxonMobil ($226 billion) are two prime examples, and they are obviously giant companies by almost any measure.

In other states, the largest company by revenue may fly more under the radar, or be known only on a regional basis. Sometimes these are actually the most interesting types of companies to learn more about.

What’s the largest company in every state?

Today’s infographic comes to us from HowMuch.net and it shows the largest company in every state by revenue, based on 2017 data.

To start, here’s a list of the top 10 companies, and their respective states:

RankCompanyStateRevenue
#1WalmartArkansas$486 billion
#2ExxonMobilTexas$226 billion
#3Berkshire HathawayNebraska$224 billion
#4AppleCalifornia$216 billion
#5UnitedHealth GroupMinnesota$185 billion
#6CVS HealthRhode Island$178 billion
#7GMMichigan$166 billion
#8AmerisourceBergenPennsylvania$147 billion
#9AmazonWashington$136 billion
#10VerizonNew York$126 billion

Walmart, which is also the top private employer in many states, had a whopping $486 billion of revenue. That’s more than double the amount done by each of the next few giant companies, including ExxonMobil, Berkshire Hathaway, and Apple.

While most of the “big” states like California, New York, and Texas are represented in the top 10, it’s worth noting that Arkansas (Walmart), Rhode Island (CVS), Minnesota (UnitedHealth Group), and Nebraska (Berkshire Hathaway) are outliers in that context.

Further, some of the country’s most populous and economically successful states don’t have a company on the top 10 list. Florida’s top company (Publix) brings in $34 billion per year, and the largest company in Illinois (Walgreens Boots Alliance) posted $117 billion – which puts it just off the list.

Ohio and New Jersey are two other big name states that also don’t appear there.

Under the Radar

Well-known companies and states aside, some of the most interesting companies on the list are the ones that are lesser known.

Sanderson Farms, for example, brings in $3 billion of revenue to make it the largest company by revenue in Mississippi. It’s the only Fortune 1000 company in the state, and it’s also the third largest poultry producer in the United States. Each week, Sanderson Farms produces 9.375 million chickens.

In Florida, Publix is a big deal. It’s a supermarket chain with over 1,000 stores (mostly in Florida and Georgia), and it brings in $34 billion of revenue per year. Interestingly, Publix is considered the largest employee-owned company in the world.

Appropriately, Nevada’s largest company by revenue is Las Vegas Sands – the company that owns The Venetian and The Palazzo on the Vegas strip. It also has properties in Macau, China, Singapore, and Pennsylvania.

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Maps

Mapped: Top Countries by Tourist Spending

How much do your vacations contribute to your destination of choice? This visualization shows the countries that receive the most tourist spending.

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Mapped: Top Countries by Tourist Spending

Many people spend their days looking forward to their next getaway. But do you know exactly how much these vacation plans contribute economically to your chosen destination?

Today’s visualization from HowMuch.net highlights the countries in which tourists spend the most money. Locations have been resized based on spending amounts, which come from the latest data from the World Tourism Organization (UNWTO).

Oh, The Places Tourists Will Go

Across the different regions, Europe’s combined tourist spending dominates at $570 billion. Easy access to closely-located countries, both via rail networks and a shared currency, may be a reason why almost 710 million visitors toured the region in 2018.

Asia-Pacific, which includes Australia and numerous smaller islands, saw the greatest growth in tourism expenditures. Total spending reached $435 billion in 2018—a 7% year-over-year increase, from 348 million visitors. Not surprisingly, some areas such as Macao (SAR) tend to rely heavily on tourists as a primary economic driver.

Here’s how other continental regions fared, in terms of tourist spending and visitors:

  • Americas
    Total expenditures: $333 billion
    Total visitors: 216 million
    Expenses per visitor: $1,542
  • Middle East
    Total expenditures: $73 billion
    Total visitors: 60 million
    Expenses per visitor: $1,216
  • Africa
    Total expenditures: $38 billion
    Total visitors: 67 million
    Expenses per visitor: $567

Of course, these numbers only paint a rudimentary picture of global tourism, as they vary greatly even within these regions. Let’s look closer at the individual country data for 2018, compared to previous years.

The Top Tourist Hotspots, By Country

It seems that many tourists are gravitating towards the same destinations, as evidenced by both the number of arrivals and overall expenditures for 2017 and 2018 alike.

Country2018 Spending2018 Arrivals Country2017 Spending2017 Arrivals
1. U.S. 🇺🇸$214.5B79.6M1. U.S. 🇺🇸$210.7B74.8M
2. Spain 🇪🇸$73.8B82.8M2. Spain 🇪🇸$68B81.8M
2. France 🇫🇷$67.4B89.4M3. France 🇫🇷$60.7B86.9M
4. Thailand 🇹🇭$63B38.3M4. Thailand 🇹🇭$57.5B35.4M
5. UK 🇬🇧$51.9B36.3M5. UK 🇬🇧51.2B37.7M
6. Italy 🇮🇹$49.3B62.1M6. Italy 🇮🇹$44.2B58.3M
7. Australia 🇦🇺$45B9.2M7. Australia 🇦🇺$41.7B8.8M
8. Germany 🇩🇪$43B38.9M8. Germany 🇩🇪$39.8B37.5M
9. Japan 🇯🇵$41.1B31.2M9. Macao (SAR) 🇲🇴$35.6B17M
10. China 🇨🇳$40.4B62.9M10. Japan 🇯🇵$34.1B28.6M

Source: World Tourism Organization (UNWTO).
Note that data is for international tourism only and does not include domestic tourism.

The top contenders have remained fairly consistent, as each country brings something unique to the table—from natural wonders to historic and man-made structures.

Where Highest-Spending Tourists Come From

The nationality of tourists also seems to be a factor in these total expenditures. Chinese tourists spent $277 billion internationally in 2018, likely thanks to the increasing consumption of an emerging, affluent middle class.

Interestingly, this amount is almost twice the combined $144 billion that American tourists spent overseas in the same year.

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Demographics

Mapped: The Dramatic Global Rise of Urbanization (1950–2020)

Few global trends have matched the profound impact of urbanization. Today’s map looks back at 70 years of movement in over 1,800 cities.

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The Dramatic Global Rise of Urbanization (1950–2020)

In the 21st century, few trends have matched the economic, environmental, and societal impact of rapid urbanization.

A steady stream of human migration out of the countryside, and into swelling metropolitan centers, has shaken up the world’s power dynamic in just decades.

Today’s eye-catching map via Cristina Poiata from Z Creative Labs looks at 70 years of movement and urban population growth in over 1,800 cities worldwide. Where is the action?

Out of the Farms and Into the Cities

The United Nations cites two intertwined reasons for urbanization: an overall population increase that’s unevenly distributed by region, and an upward trend in people flocking to cities.

Since 1950, the world’s urban population has risen almost six-fold, from 751 million to 4.2 billion in 2018. In North America alone, significant urban growth can be observed in the video for Mexico and the East Coast of the United States as this shift takes place.

Global Urban Population vs. Rural

Over the next few decades, the rural population is expected to plateau and eventually decline, while urban growth will continue to shoot up to six billion people and beyond.

The Biggest Urban Hot-Spots

Urban growth is going to happen all across the board.

Rapidly rising populations in megacities and major cities will be significant contributors, but it’s also worth noting that the number of regional to mid-sized cities (500k to 5 million inhabitants) will swell drastically by 2030, becoming more influential economic hubs in the process.

global cities by size 1990 to 2030

Interestingly, it’s mainly cities across Asia and Africa — some of which Westerners are largely unfamiliar with — that may soon wield enormous influence on the global stage.

It’s expected that over a third of the projected urban growth between now and 2050 will occur in just three countries: India, China, and Nigeria. By 2050, it is projected that India could add 416 million urban dwellers, China 255 million, and Nigeria 189 million.

Urbanization and its Complications

Rapid urbanization isn’t only linked to an inevitable rise in city populations.

Some megacities are actually experiencing population contractions, in part due to the effects of low fertility rates in Asia and Europe. For example, while the Greater Tokyo area contains almost 38 million people today, it’s expected to shrink starting in 2020.

As rapid urbanization continues to shape the global economy, finding ways to provide the right infrastructure and services in cities will be a crucial problem to solve for communities and organizations around the world. How we deal with these issues — or how we don’t — will set the stage for the next act in the modern economic era.

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