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The Biggest Public Company in Every U.S. State

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The Biggest Public Company in Every U.S. State

The Biggest Public Company in Every U.S. State

The range in magnitude between public companies is always humbling. Investors trade billions of dollars in the shares of behemoths like Apple and General Electric in a day. Meanwhile, the majority of companies couldn’t be valued at a billion dollars even in the wildest dreams of their management teams.

When looking at the largest public company in each state, one would think that it would be a collection of roughly 50 behemoths. Surprisingly, this is not the case at all.

Our friends at Blender Media pulled up the market capitalization of the largest pubcos in each state, and they are now beautifully arranged in today’s infographic. The data for all of the companies is below, and it is somewhat staggering.

Yes, Apple is huge as it tries to continue its journey to $1 trillion in value. There are some other big companies as well: Microsoft, Berkshire Hathaway, and ExxonMobil are all worth over $300 billion. However, the list also really starts to drop off halfway through.

Regions Financial Corp. is the biggest pubco in Alabama ($14 billion), Extra Space Storage is crushing it in Utah ($9.7 billion), IDEXX Laboratories is big in Maine ($7.4 billion), but then things get even more obscure.

Alaska’s largest public company, General Communication, trades at a market capitalization of only $700 million. Meanwhile, Wyoming’s biggest company is technically a smallcap: Cloud Peak Energy is worth only $166 million in value.

StateCompany NameMarket Cap (Billions)Stock Symbol
CaliforniaApple Inc.668.7AAPL
WashingtonMicrosoft Corporation378.62MSFT
NebraskaBerkshire Hathaway Inc.349.11BRK-A
TexasExxon Mobil Corporation323.84XOM
New JerseyJohnson & Johnson275.08JNJ
ConnecticutGeneral Electric263.1GE
New YorkJPMorgan Chase & Co.251.77JPM
ArkansasWalmart224.28WMT
OhioProcter & Gamble Company203.74PG
North CarolinaBank of America Corporation184.76BAC
GeorgiaCoca-Cola Company180.02KO
PennsylvaniaComcast Corporation150.02CMCSK
Rhode IslandCVS Health Corporation121.12CVS
MinnesotaUnitedHealth Group Inc.119.77UNH
IllinoisAbbVie Inc.113.97ABBV
VirginiaAltria Group108.54MO
DelawareWalgreens Boots Alliance, Inc.100.45WBA
OregonNike, Inc.98.04NIKE
IndianaEli Lilly and Company88.28LLY
MassachusettsBiogen Inc.73.29BIIB
MarylandLockheed Martin Corporation66.13LMT
District of ColumbiaDanaher Corporation62.65DHR
MissouriExpress Scripts Holding Company61.13ESRX
MichiganFord Motor Company59.69F
FloridaNextEra Energy, Inc.49.41NEE
TennesseeFedEx Corporation46.96FDX
NevadaLas Vegas Sands Corp.41.31LVS
OklahomaWilliams Companies, Inc.40.34WMB
KentuckyYum! Brands, Inc.36.24YUM
WisconsinJohnson Controls, Inc.29.68JCI
ColoradoChipotle Mexican Grill Inc.23.28CMG
ArizonaSouthern Copper Corporation21.5SCCO
KansasSprint Corporation18.61S
IdahoMicron Technology, Inc.17.68MU
IowaPrincipal Financial Group Inc.16.97PFG
LouisianaCenturyLink, Inc.15.88CTL
AlabamaRegions Financial Corporation13.95RF
UtahExtra Space Storage Inc.9.65EXR
South CarolinaScana Corporation8.14SCG
VermontKeurig Green Mountain, Inc.7.79GMCR
MaineIDEXX Laboratories, Inc.7.35IDXX
New HampshireWhite Mountains Insurance Group, Ltd.4.35WTM
North DakotaMDU Resources Group, Inc.3.63MDU
HawaiiHawaiian Electric Industries Inc.3.29HE
West VirginiaUnited Bankshares, Inc.2.76USBI
South DakotaNorthWestern Corporation2.62NW E
MississippiCal-Maine Foods, Inc.2.52CALM
New MexicoPNM Resources, Inc.2.2PNM
MontanaGlacier Bancorp, Inc.2.12CBCI
AlaskaGeneral Communication, Inc.0.697GNCMA
WyomingCloud Peak Energy Inc.0.166CLD

Original graphic by: Blender Media

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Misc

Ranked: Biggest Fast Food Chains in America

Every year, fast food chains rake in north of $200 billion in revenue per year. Here are the biggest chains, ranked by revenue and number of locations.

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revenue fast food chains

Ranked: The Biggest Fast Food Chains in America

Fast food is a supersized business in America.

The average American spends as much as $1,200 every year on fast food — and roughly a quarter of the U.S. population eats three or more fast food meals per week.

Today’s unique infographic, via TitleMax, shows just how dominant the quick serve food industry is, and which brands are leading the pack in terms of revenue and store locations.

Billions Served

All of the biggest fast food chains now top $1 billion in sales annually. McDonald’s leads the pack with almost triple the sales of the number two chain, Starbucks.

Below are the top 30 fast food chains in the United States by revenue:

RankChainSales (U.S., 2017)# of Locations (U.S.)
1McDonald's$37.5B14,036
2Starbucks$13.2B13,930
3Subway$10.8B25,908
4Burger King$9.8B7,226
5Taco Bell$9.3B6,446
6Wendy's$9.3B5,769
7Dunkin' Donuts$5.9B12,538
8Chick-fil-A$9.0B2,225
9Domino's$5.9B5,587
10Pizza Hut$5.5B7,522
11Panera Bread$4.5B2,043
12Chipotle$4.5B2,371
13KFC$4.4B4,019
14Sonic Drive-In$4.4B3,593
15Dairy Queen$3.6B4,455
16Arby's$3.6B3,415
17Little Caesars$3.5B4,332
18Jack in the Box$3.5B2,251
19Popeye's$3.2B2,231
20Papa John's$3.1B3,314
21Panda Express$2.3B2,011
22Whataburger$2.3B821
23Hardee's$2.2B1,864
24Jimmy John's$2.1B2,755
25Zaxby's$2.1B890
26Carl's Jr.$1.5B1,156
27Five Guys$1.4B1,321
28Culver's$1.4B643
29Bojangles'$1.3B764
30Wingstop$1.1B1,027

In 2017, the top 30 fast food chains rang up $172 billion in sales at over 140,000 locations across the United States. When smaller chains are also included, annual industry revenue tops a whopping $200 billion.

Location, Location

Fast food can be a profitable business, but certain chains are runaway successes when sales-per-unit are considered. Chick-fil-A’s sales average out to $4.3 million per location — 53% higher than McDonald’s, which brings in $2.8 million of sales per location.

Subway, which is known for having a low franchise fee and no exclusive territory rights, has the lowest sales-per-unit in the top 30 ($419,792).

That said, no one can compare to Subway in terms of sheer volume. The chain has over 25,000 locations, making it not only the biggest fast food chain in the country, but the most common retailer overall (even beating out dollar stores). It’s possible that America has seen peak Subway though — the number of locations has been steadily dropping since 2011.

On the opposite end of the spectrum is Starbucks. The Seattle-based coffee chain has been relentlessly expanding over the past decade.

Regional Preferences

Of course, not all fast food chains have the ubiquity of Subway and McDonald’s. Many of these brands have achieved impressive sales numbers in specific regions. Whether you’re loyal to Dunkin’ Donuts, Chick-fil-A, or In-N-Out may depend heavily on where you live.

dunkin donuts vs starbucks

Source

Will America’s next big fast food powerhouse come from an already-strong regional chain, or will it be the result of a new phenomenon, completely?

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Maps

Wired World: 35 Years of Submarine Cables in One Map

Watch the explosive growth of the global submarine cable network, and learn who’s funding the next generation of cables.

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submarine cable network

You could be reading this article from nearly anywhere in the world and there’s a good chance it loaded in mere seconds.

Long gone are the days when images would load pixel row by pixel row. Now, even high-quality video is instantly accessible from almost everywhere. How did the internet get so fast? Because it’s moving at the speed of light.

The Information Superhighway

The miracle of modern fiber optics can be traced to a single man, Narinder Singh Kapany. The young physicist was skeptical when his professors asserted that light ‘always travels in a straight line’. His explorations into the behavior of light eventually led to the creation of fiber optics—essentially, beaming light through a thin glass tube.

The next step to using fiber optics as a means of communication was lowering the cable’s attenuation rate. Throughout the 1960-70s, companies made gains in manufacturing, reducing the number of impurities and allowing light to cross great distances without a dramatic decrease in signal intensity.

By the mid-1980s, long distance fiber optic cables had finally reached the feasibility stage.

Crossing the Pond

The first intercontinental fiber optic cable was strung across the floor of the Atlantic Ocean in 1988. The cable—known as TAT-8*—was spearheaded by three companies; AT&T, France Télécom, and British Telecom. The cable was able to carry the equivalent of 40,000 telephone channels, a ten-fold increase over its galvanic predecessor, TAT-7.

Once the kinks of the new cable were worked out, the floodgates were open. During the course of the 1990s, many more cables hit the ocean floor. By the dawn of the new millennium, every populated continent on Earth was connected by fiber optic cables. The physical network of the internet was beginning to take shape.

As today’s video from ESRI shows, the early 2000s saw a boom in undersea cable development, reflecting the uptick in internet usage around globe. In 2001 alone, eight new cables connected North America and Europe.

From 2016-2020, over 100 new cables were laid with an estimated value of $14 billion. Now, even the most remote Polynesian islands have access to high-speed internet thanks to undersea cables.

*TAT-8 does not appear in the video above as it was retired in 2002.

The Shifting Nature of Cable Construction

Even though nearly every corner of the globe is now physically connected, the rate of cable construction is not slowing down.

This is due to the increasing capacity of new cables and our appetite for high-quality video content. New cables are so efficient that the majority of potential capacity along major cable routes will come from cables that are less than five years old.

Traditionally, a consortium of telecom companies or governments would fund cable construction, but tech companies are increasingly funding their own submarine cable networks.

tech company submarine cables

Source

Amazon, Microsoft and Google own close to 65% market share in cloud data storage, so it’s understandable that they’d want to control the physical means of transporting that data as well.

These three companies now own 63,605 miles of submarine cable. While laying cable is a costly endeavor, it’s necessary to meet surging demand—content providers’ share of data transmission skyrocketed from around 8% to nearly 40% over the past decade.

A Bright Future for Dark Fiber

At the same time, more aging cables will be taken offline. Even though signals are no longer traveling through this network of “dark fiber”, it’s still being put to productive use. It turns out that undersea telecom cables make a very effective seismic network, helping researchers study offshore earthquakes and the geologic structures on the ocean floor.

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