Markets

Ranked: The Largest U.S. Companies by Revenue in 2025

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3 weeks ago

June 30, 2025

Dorothy Neufeld

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Ranked: The Largest U.S. Companies by Revenue in 2025

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Key Takeaways

Walmart generated $681 billion in revenue, leading the rankings for the 13th year in a row.
Ranking in second is Amazon, with $637 billion in revenue—but nearly three times the profits as Walmart.
Overall, Cigna Group (#13) saw the biggest jump in annual revenues across the top 25, at 26.6%, followed by Meta Platforms (#21) at 21.9%.

America’s top 25 firms by revenue generate more than $7 trillion in sales annually, often standing as the largest employers across states.

Overall, retail heavyweights Walmart and Amazon lead the pack, while five health care firms rank in the top 10. Although the rankings saw minimal change from 2024, Trump tariffs stand to shake up corporate America, with firms such as Apple and Ford revising profit forecasts looking ahead.

This graphic shows the largest U.S. companies by revenue, based on data from Fortune via 50Pros.

The U.S. Corporate Giants Dominating Revenues

Below, we show America’s leading companies by revenue based on their latest fiscal reports:

Rank	Name	Revenue (B)	Annual Change	Sector
1	Walmart	$681	5.1%	Retail
2	Amazon	$638	11.0%	Retail
3	UnitedHealth Group	$400	7.7%	Health Care
4	Apple	$391	2.0%	Technology
5	CVS Health	$373	4.2%	Health Care
6	Berkshire Hathaway	$371	1.9%	Financials
7	Alphabet	$350	13.9%	Technology
8	Exxon Mobil	$350	1.5%	Energy
9	McKesson	$309	11.7%	Health Care
10	Cencora	$294	12.1%	Health Care
11	JPMorgan Chase	$279	16.5%	Financials
12	Costco Wholesale	$254	5.0%	Retail
13	Cigna Group	$247	26.6%	Health Care
14	Microsoft	$245	15.7%	Technology
15	Cardinal Health	$227	10.6%	Health Care
16	Chevron	$203	0.9%	Energy
17	Bank of America	$192	11.9%	Financials
18	General Motors	$187	9.1%	Automotive
19	Ford Motor	$185	5.0%	Automotive
20	Elevance Health	$177	3.3%	Health Care
21	Citigroup	$171	8.9%	Financials
22	Meta Platforms	$165	21.9%	Technology
23	Centene	$163	5.9%	Health Care
24	Home Depot	$160	4.5%	Retail
25	Fannie Mae	$153	8.1%	Financials

With $681 billion in revenues, Walmart tops the rankings by a sizable margin.

Recently, its e-commerce business surpassed $100 billion in sales with approximately 12% of Americans saying thy have a Walmart+ subscription. In 2024, the value of this segment was roughly 20% of Amazon’s—up from about 10% in 2017.

While Amazon stands in second in the rankings, it boasts three times the profits of Walmart largely thanks to its cloud services division, Amazon Web Services (AWS). Despite generating just 16.9% of total revenues, AWS drives about 50% of the firms profits. Since 2023, the firm’s operating margin has expanded by 72%.

With $400 billion in revenues, UnitedHealth Group falls in third—exceeding giants like Apple and ExxonMobil. However, the company is facing multiple headwinds in 2025, including the resignation of its CEO and a criminal probe from the Justice Department into its Medicaid practices.

Given increased scrutiny, the company downgraded its 2025 earnings forecast as its share performance sharply underperforms its peers.