Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
US Public Company Revenue of $22 Tn Unplugged
Healthcare and consumer cyclical are the largest sectors in the US with LTM revenue share of 16.1% and 14.7%, respectively. From an industry group perspective, retail (13.5%), oil & gas (9.0%), healthcare plans (6.2%) and insurance (5.4%) are the largest, and with total revenues of $7.6 Tn, the top 75 companies account for a 48% share of overall public company revenues. For private companies, Forbes provides a dataset of 258 companies with annual revenues surpassing $2 Bn, adding up to another $2.2 Tn in total revenues.
$22 Trillion Revenue Breakdown
| LTM Sales in $B: Share by Sector | The Largest 75 companies = $10.53B in LTM Sales | |||||||||||||||
| Sector | # | ltm sales | % share | Company | Sector | Industry | hq | ltm sales | ||||||||
| Healthcare | 395 | 3575.31 | 16.09% | Walmart Inc | Consumer Defensive | Retail: Discount Stores | US | 638.79 | ||||||||
| Consumer Cyclical | 419 | 3269.51 | 14.71% | Amazon.com Inc | Consumer Cyclical | Retail: Internet | US | 574.79 | ||||||||
| Financial Services | 582 | 2711.03 | 12.20% | Berkshire Hathaway Inc | Financial Services | Insurance: Diversified | US | 401.75 | ||||||||
| Industrials | 466 | 2626.29 | 11.82% | Apple Inc | Technology | Consumer Electronics | US | 385.71 | ||||||||
| Consumer Defensive | 150 | 2526.10 | 11.37% | UnitedHealth Group Inc | Healthcare | Healthcare Plans | US | 371.62 | ||||||||
| Technology | 507 | 2499.13 | 11.24% | CVS Health Corp | Healthcare | Healthcare Plans | US | 347.81 | ||||||||
| Energy | 176 | 2017.99 | 9.08% | Exxon Mobil Corp | Energy | Oil & Gas Integrated | US | 346.17 | ||||||||
| Communication Services | 151 | 1474.53 | 6.63% | Alphabet Inc | Communication Services | Internet Content & Information | US | 307.39 | ||||||||
| Basic Materials | 123 | 673.31 | 3.03% | McKesson Corp | Healthcare | Medical Distribution | US | 291.10 | ||||||||
| Utilities | 74 | 537.35 | 2.42% | Cencora Inc | Healthcare | Medical Distribution | US | 271.58 | ||||||||
| Real Estate | 202 | 314.00 | 1.41% | Costco Wholesale Corp | Consumer Defensive | Retail: Discount Stores | US | 245.65 | ||||||||
| 3,245 | 22,224.56 | 100.00% | Microsoft Corp | Technology | Software: Infrastructure | US | 227.58 | |||||||||
| Cardinal Health Inc | Healthcare | Medical Distribution | US | 216.15 | ||||||||||||
| LTM Sales in $ Bn: Share by Industry Group | Chevron Corp | Energy | Oil & Gas Integrated | US | 202.50 | |||||||||||
| The Cigna Group | Healthcare | Healthcare Plans | US | 189.82 | ||||||||||||
| Industry group | # | ltm sales | % share | Ford Motor Co | Consumer Cyclical | Auto Manufacturers | US | 174.23 | ||||||||
| Oil & Gas | 168 | 2,005.97 | 9.03% | General Motors Co | Consumer Cyclical | Auto Manufacturers | US | 171.84 | ||||||||
| Retail: Defensive | 32 | 1,578.97 | 7.10% | Elevance Health Inc | Healthcare | Healthcare Plans | US | 171.34 | ||||||||
| Retail: Cyclical | 118 | 1,431.33 | 6.44% | JPMorgan Chase & Co | Financial Services | Banks | US | 155.27 | ||||||||
| Healthcare Plans | 10 | 1,379.92 | 6.21% | The Home Depot Inc | Consumer Cyclical | Retail: Home Improvement | US | 153.71 | ||||||||
| Insurance | 103 | 1,203.32 | 5.41% | Centene Corp | Healthcare | Healthcare Plans | US | 150.10 | ||||||||
| Hardware | 119 | 1,042.82 | 4.69% | Marathon Petroleum Corp | Energy | Oil & Gas Refining & Marketing | US | 148.38 | ||||||||
| Software | 301 | 1,037.67 | 4.67% | The Kroger Co | Consumer Defensive | Retail: Grocery Stores | US | 147.80 | ||||||||
| Vehicles & Parts | 71 | 872.15 | 3.92% | Phillips 66 | Energy | Oil & Gas Refining & Marketing | US | 147.40 | ||||||||
| Medical Distribution | 7 | 808.48 | 3.64% | Valero Energy Corp | Energy | Oil & Gas Refining & Marketing | US | 144.77 | ||||||||
| Banks | 326 | 733.62 | 3.30% | Walgreens Boots Alliance Inc | Healthcare | Retail: Pharma | US | 142.41 | ||||||||
| Consumer Packaged Goods | 77 | 670.94 | 3.02% | Verizon Communications Inc | Communication Services | Telecom Services | US | 133.97 | ||||||||
| Transportation | 68 | 610.32 | 2.75% | Meta Platforms Inc | Communication Services | Internet Content & Information | US | 126.96 | ||||||||
| Pharma & Biotech | 151 | 569.31 | 2.56% | AT&T Inc | Communication Services | Telecom Services | US | 122.43 | ||||||||
| Telecommunication Services | 31 | 573.40 | 2.58% | Comcast Corp | Communication Services | Telecom Services | US | 121.57 | ||||||||
| Utilities | 74 | 537.35 | 2.42% | Target Corp | Consumer Defensive | Retail: Discount Stores | US | 106.89 | ||||||||
| Media: Interactive | 40 | 511.81 | 2.30% | Humana Inc | Healthcare | Healthcare Plans | US | 106.37 | ||||||||
| Industrial Products | 121 | 438.41 | 1.97% | Bank of America Corp | Financial Services | Banks | US | 98.58 | ||||||||
| Semiconductors | 87 | 418.64 | 1.88% | Archer-Daniels Midland Co | Consumer Defensive | Farm Products | US | 96.90 | ||||||||
| Healthcare Providers & Services | 82 | 399.37 | 1.80% | Tesla Inc | Consumer Cyclical | Auto Manufacturers | US | 96.77 | ||||||||
| Aerospace & Defense | 45 | 396.51 | 1.78% | Johnson & Johnson | Healthcare | Pharmaceuticals | US | 93.02 | ||||||||
| Media: Diversified | 80 | 389.33 | 1.75% | PepsiCo Inc | Consumer Defensive | Beverages: Non-Alcoholic | US | 91.62 | ||||||||
| Chemicals | 61 | 357.45 | 1.61% | Dell Technologies Inc | Technology | Computer Hardware | US | 91.15 | ||||||||
| Construction | 69 | 310.64 | 1.40% | United Parcel Service Inc | Industrials | Integrated Freight & Logistics | US | 90.96 | ||||||||
| Capital Markets | 50 | 304.39 | 1.37% | Lowe's Companies Inc | Consumer Cyclical | Retail: Home Improvement | US | 90.22 | ||||||||
| Business Services | 95 | 301.35 | 1.36% | The Walt Disney Co | Communication Services | Entertainment | US | 88.90 | ||||||||
| Travel & Leisure | 73 | 269.67 | 1.21% | FedEx Corp | Industrials | Integrated Freight & Logistics | US | 87.95 | ||||||||
| Credit Services | 37 | 259.64 | 1.17% | Procter & Gamble Co | Consumer Defensive | Household & Personal Products | US | 83.93 | ||||||||
| Medical Devices & Instruments | 106 | 254.08 | 1.14% | Wells Fargo & Co | Financial Services | Banks | US | 82.60 | ||||||||
| Farm & Heavy Construction Machinery | 23 | 236.35 | 1.06% | Albertsons Companies Inc | Consumer Defensive | Retail: Grocery Stores | US | 79.16 | ||||||||
| REITs | 175 | 207.06 | 0.93% | T-Mobile US Inc | Communication Services | Telecom Services | US | 78.56 | ||||||||
| Metals & Mining | 30 | 204.24 | 0.92% | Energy Transfer LP | Energy | Oil & Gas Midstream | US | 78.56 | ||||||||
| Asset Management | 63 | 200.69 | 0.90% | Citigroup Inc | Financial Services | Banks | US | 78.09 | ||||||||
| Beverages | 18 | 197.92 | 0.89% | Boeing Co | Industrials | Aerospace & Defense | US | 77.79 | ||||||||
| Medical Diagnostics & Research | 39 | 164.14 | 0.74% | Sysco Corp | Consumer Defensive | Food Distribution | US | 77.51 | ||||||||
| Packaging & Containers | 23 | 165.57 | 0.75% | RTX Corp | Industrials | Aerospace & Defense | US | 68.92 | ||||||||
| Homebuilding & Construction | 23 | 163.53 | 0.74% | General Electric Co | Industrials | Specialty Industrial Machinery | US | 67.95 | ||||||||
| Conglomerates | 17 | 158.28 | 0.71% | Lockheed Martin Corp | Industrials | Aerospace & Defense | US | 67.57 | ||||||||
| Restaurants | 43 | 142.36 | 0.64% | Caterpillar Inc | Industrials | Farm & Heavy Construction Machinery | US | 66.59 | ||||||||
| Manufacturing: Apparel & Accessories | 32 | 139.21 | 0.63% | MetLife Inc | Financial Services | Insurance: Life | US | 66.52 | ||||||||
| Industrial Distribution | 18 | 127.38 | 0.57% | HCA Healthcare Inc | Healthcare | Medical Care Facilities | US | 64.97 | ||||||||
| Real Estate | 27 | 106.94 | 0.48% | Accenture PLC | Technology | Information Technology Services | IE | 64.59 | ||||||||
| Furnishings, Fixtures & Appliances | 26 | 67.45 | 0.30% | Progressive Corp | Financial Services | Insurance: Property & Casualty | US | 62.08 | ||||||||
| Tobacco Products | 9 | 61.75 | 0.28% | International Business Machines Corp | Technology | Information Technology Services | US | 61.86 | ||||||||
| Agriculture | 9 | 50.50 | 0.23% | Bunge Global SA | Consumer Defensive | Farm Products | US | 61.26 | ||||||||
| Waste Management | 10 | 47.07 | 0.21% | StoneX Group Inc | Financial Services | Capital Markets | US | 60.86 | ||||||||
| Building Materials | 10 | 29.89 | 0.13% | American Express Co | Financial Services | Credit Services | US | 60.37 | ||||||||
| Energy Sources | 13 | 22.94 | 0.10% | Deere & Co | Industrials | Farm & Heavy Construction Machinery | US | 60.25 | ||||||||
| Forest Products | 8 | 20.32 | 0.09% | Merck & Co Inc | Healthcare | Pharmaceuticals | US | 60.11 | ||||||||
| Personal Services | 10 | 18.25 | 0.08% | ConocoPhillips | Energy | Oil & Gas E&P | US | 59.97 | ||||||||
| Education | 14 | 16.52 | 0.07% | Pfizer Inc | Healthcare | Pharmaceuticals | US | 58.50 | ||||||||
| Diversified Financial Services | 3 | 9.37 | 0.04% | Delta Air Lines Inc | Industrials | Airlines | US | 58.05 | ||||||||
| 3,245 | 22,224.56 | 100.00% | Cisco Systems Inc | Technology | Communication Equipment | US | 58.03 | |||||||||
| TD Synnex Corp | Technology | Electronics & Computer Distribution | US | 57.56 | ||||||||||||
| LTM Sales in $ Bn: By Revenue Range | Performance Food Group Co | Consumer Defensive | Food Distribution | US | 57.47 | |||||||||||
| Brookfield Business Partners LP | Industrials | Conglomerates | BM | 56.46 | ||||||||||||
| Revenue range | # | ltm sales | % share | Allstate Corp | Financial Services | Insurance: Property & Casualty | US | 55.91 | ||||||||
| Greater than $100 Bn | 32 | 7,443.84 | 33.49% | Prudential Financial Inc | Financial Services | Insurance: Life | US | 55.18 | ||||||||
| $50-100 Bn | 53 | 3,607.55 | 16.23% | AbbVie Inc | Healthcare | Pharmaceuticals | US | 55.14 | ||||||||
| $25-50 Bn | 79 | 2,702.00 | 12.16% | Charter Communications Inc | Communication Services | Telecom Services | US | 54.57 | ||||||||
| $10-25 Bn | 233 | 3,675.23 | 16.54% | 10,526.84 | ||||||||||||
| $1-10 Bn | 1,227 | 4,219.03 | 18.98% | |||||||||||||
| $0.75-1.0 Bn | 176 | 153.26 | 0.69% | |||||||||||||
| $0.50-0.75 Bn | 293 | 182.86 | 0.82% | |||||||||||||
| $0.20-0.50 Bn | 510 | 170.16 | 0.77% | Notes: | ||||||||||||
| $50-200 Mn | 642 | 70.64 | 0.32% | Only companies with revenues greater than $50 Mn and financial results reported for the quarter ending Aug / Sep 2023 (or later) have been considered | ||||||||||||
| 3245 | 22,224.56 | 100.00% | The dataset contains 125 non-US headquarted conpanies (e.g. Accenture) who generate a meaningful proportion of their revenues from US | |||||||||||||