Connect with us

Markets

The Largest Company Headquartered in Each State, by Number of Employees

Published

on

The Largest Company Headquartered in Each State, by Number of Employees

The Largest Company Headquartered in Each State

Today’s infographic comes to us from Business Insider, and it shows the largest company headquartered in each state, based on headcount data from CapRelo.

Employees Versus Revenue

In order to be considered one of the largest corporations in America, a company needs to have thousands of employees and billions in revenue. Yet, while it may be intuitive to expect the top companies to be leaders in terms of both revenue and headcount, it’s actually much less common than one would think.

Compare the above list based on number of employees to our previous post on the largest company in each state by revenue to see the very limited overlap.

Nike (Oregon), GE (Connecticut), GM (Michigan), and Berkshire Hathaway (Nebraska) are some of the rare examples of companies being #1 in both categories. However, the list of counterexamples is even longer.

Here are some of the more interesting ones:

  • Starbucks, based in Washington State, has the most employees, but Costco reigns supreme in terms of revenue.
  • In New York, IBM has the biggest headcount, but Verizon tops Big Blue with about $40 billion more revenue each year.
  • HP is California’s leader by total employees, but Chevron takes top spot for revenue.
  • Lowe’s beats Bank of America in North Carolina in terms of the number of employees, but not revenue.
  • Exxon Mobil (Texas) is one of the world’s largest corporations in terms of revenue and market capitalization. Dallas-based AT&T has more employees, though.
  • In New Jersey, Cognizant Technology Solutions is the biggest company by employees – but it can’t compete with Johnson & Johnson for revenue.

It’s tempting to generalize that more retail and service-focused brands like Starbucks and Lowe’s will always have a higher ratio of employees-to-revenue than companies in energy, technology, or financial sectors. It appears that is not necessarily true, though.

Consider IBM and Verizon, which are both based in New York, as an example. Verizon is the bigger company in terms of revenues and market capitalization, but it has less than half the amount of employees of IBM. This is even despite 2,330 retail locations for Verizon Wireless, and owning labor-intensive mass media businesses through its AOL and Yahoo subsidiaries.

Click for Comments

AI

Ranked: The 20 Biggest Tech Companies by Market Cap

In total, the 20 biggest tech companies are worth over $20 trillion—nearly 18% of the stock market value globally.

Published

on

A portion of the top 20 biggest tech companies visualized as bubbles sized by market cap with Apple as the biggest.

Ranked: The 20 Biggest Tech Companies by Market Cap

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.

The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap
1AppleU.S.$3.3T
2MicrosoftU.S.$3.3T
3NvidiaU.S.$3.2T
4AlphabetU.S.$2.2T
5AmazonU.S.$1.9T
6MetaU.S.$1.3T
7TSMCTaiwan$897B
8BroadcomU.S.$778B
9TeslaU.S.$582B
10TencentChina$453B
11ASMLNetherlands$415B
12OracleU.S.$384B
13SamsungSouth Korea$379B
14NetflixU.S.$281B
15AMDU.S.$258B
16QualcommU.S.$243B
17SAPGermany$225B
18SalesforceU.S.$222B
19PDD Holdings (owns Pinduoduo)China$212B
20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

 

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced a higher dividend, and reported that its next-generation GPU chip will start generating revenue later this year.

AI a Driver of the Biggest Tech Companies

It’s clear from the biggest tech companies that involvement in AI can contribute to investor confidence.

Among S&P 500 companies, AI has certainly become a focus topic. In fact, 199 companies cited the term “AI” during their first quarter earnings calls, the highest on record. The companies who mentioned AI the most were Meta (95 times), Nvidia (86 times), and Microsoft (74 times).

Continue Reading
Appian-Capital

Subscribe

Popular