Largest US public companies by revenue
Companies reporting more than $50bn of annual revenue. Banks and brokers report a top line net of interest expense, which is not comparable with an operating company’s revenue; those filers are labelled in the table.
| Company | Revenue | Net income | Gross margin | Free cash flow |
|---|---|---|---|---|
| AMZNAMAZON COM INC | $716.92B | $77.67B | 50.3% | Unavailable |
| WMTWalmart Inc. | $713.16B | $21.89B | 24.9% | $14.92B |
| UNH InsurerUNITEDHEALTH GROUP INC | $447.57B | $12.06B | 88.7% | $16.08B |
| AAPLApple Inc. | $416.16B | $112.01B | 46.9% | $98.77B |
| MCKMCKESSON CORP | $403.43B | $4.76B | 3.6% | $5.72B |
| GOOGLAlphabet Inc. | $402.84B | $132.17B | 59.7% | $73.27B |
| CVSCVS HEALTH Corp | $402.07B | $1.77B | 45.0% | $7.81B |
| BRK.B InsurerBERKSHIRE HATHAWAY INC | $371.44B | $66.97B | Unavailable | $25.04B |
| XOMExxonMobil Holdings Corp | $332.24B | $28.84B | Unavailable | $23.61B |
| MSFTMICROSOFT CORP | $331.84B | $133.75B | 67.9% | $66.99B |
| CORCencora, Inc. | $321.33B | $1.55B | 3.6% | $3.21B |
| COSTCOSTCO WHOLESALE CORP /NEW | $303.15B | $9.23B | 12.8% | $9.38B |
| CI InsurerCigna Group | $274.90B | $5.96B | 21.8% | Unavailable |
| CAHCARDINAL HEALTH INC | $254.25B | $1.71B | 3.8% | $4.52B |
| NVDANVIDIA CORP | $215.94B | $120.07B | 71.1% | Unavailable |
| METAMeta Platforms, Inc. | $200.97B | $60.46B | 82.0% | $46.11B |
| ELV InsurerElevance Health, Inc. | $199.12B | $5.66B | 89.4% | $3.17B |
| CNC InsurerCENTENE CORP | $194.78B | -$6.67B | 7.3% | $4.32B |
| CVXCHEVRON CORP | $189.03B | $12.30B | 42.8% | Unavailable |
| FFORD MOTOR CO | $187.27B | Unavailable | 6.8% | Unavailable |
| GMGeneral Motors Co | $185.02B | $2.70B | Unavailable | $17.56B |
| JPM BankJPMORGAN CHASE & CO | $182.45B | $57.05B | Unavailable | Unavailable |
| HDHOME DEPOT, INC. | $164.68B | $14.16B | 33.3% | Unavailable |
| KRKROGER CO | $147.64B | $1.02B | Unavailable | Unavailable |
| VZVERIZON COMMUNICATIONS INC | $138.19B | $17.17B | Unavailable | Unavailable |
| MUMICRON TECHNOLOGY INC | $133.19B | $84.97B | 80.7% | $58.96B |
| MPCMarathon Petroleum Corp | $132.70B | $4.05B | 10.0% | $4.77B |
| SNEX Broker-dealerStoneX Group Inc. | $132.38B | $305.90M | 3.1% | $4.32B |
| PSXPhillips 66 | $132.38B | $4.40B | 12.3% | Unavailable |
| HUM InsurerHUMANA INC | $129.66B | $1.19B | Unavailable | $375.00M |
| TAT&T INC. | $125.65B | $21.95B | Unavailable | Unavailable |
| CMCSACOMCAST CORP | $123.71B | $20.00B | Unavailable | $21.89B |
| VLOVALERO ENERGY CORP/TX | $122.69B | $2.35B | 4.4% | Unavailable |
| DELLDell Technologies Inc. | $113.54B | $5.94B | 20.0% | $8.55B |
| BAC BankBANK OF AMERICA CORP /DE/ | $113.10B | $30.51B | Unavailable | Unavailable |
| TGTTARGET CORP | $104.78B | $3.70B | 27.9% | $2.84B |
| TSLATesla, Inc. | $94.83B | $3.79B | 18.0% | $6.22B |
| FDXFEDEX CORP | $94.72B | $4.43B | Unavailable | Unavailable |
| DISWalt Disney Co | $94.42B | $12.40B | Unavailable | $10.08B |
| JNJJOHNSON & JOHNSON | $94.19B | $26.80B | 67.9% | $19.70B |
| PEPPEPSICO INC | $93.92B | $8.24B | 54.1% | Unavailable |
| BABOEING CO | $89.46B | $2.24B | 4.8% | -$1.88B |
| UPSUNITED PARCEL SERVICE INC | $88.66B | $5.57B | Unavailable | $4.76B |
| RTXRTX Corp | $88.60B | $6.73B | Unavailable | $7.94B |
| TMUST-Mobile US, Inc. | $88.31B | $10.99B | Unavailable | $18.00B |
| PGR InsurerPROGRESSIVE CORP/OH/ | $87.67B | $11.31B | Unavailable | $17.20B |
| PGPROCTER & GAMBLE Co | $87.03B | $16.05B | 50.2% | $15.15B |
| LOWLOWES COMPANIES INC | $86.29B | $6.65B | 33.5% | $7.65B |
| ETEnergy Transfer LP | $85.54B | $4.43B | 25.8% | Unavailable |
| C BankCITIGROUP INC | $85.22B | $14.31B | Unavailable | -$74.15B |
| SYYSYSCO CORP | $84.55B | $1.76B | 18.5% | Unavailable |
| WFC BankWELLS FARGO & COMPANY/MN | $83.70B | $21.34B | Unavailable | Unavailable |
| ACIAlbertsons Companies, Inc. | $83.17B | $217.40M | 27.2% | Unavailable |
| ADMArcher-Daniels-Midland Co | $80.27B | $1.08B | 6.3% | $4.20B |
| MET InsurerMETLIFE INC | $77.08B | $3.38B | Unavailable | Unavailable |
| HCAHCA Healthcare, Inc. | $75.60B | $6.78B | Unavailable | $7.69B |
| LMTLOCKHEED MARTIN CORP | $75.05B | $5.02B | 10.2% | Unavailable |
| ACNAccenture plc | $74.18B | $8.37B | 32.0% | $11.62B |
| AXP BankAMERICAN EXPRESS CO | $72.23B | $10.83B | Unavailable | $16.00B |
| MS Broker-dealerMORGAN STANLEY | $70.64B | $16.86B | Unavailable | Unavailable |
How common this has been
1.5% of companies met this in 2016 and 1.9% in 2025; the share has roughly held.
| Year | Share | Companies | |
|---|---|---|---|
| 2016 | 1.5% | 36 of 2,421 | |
| 2017 | 1.7% | 51 of 3,029 | |
| 2018 | 1.7% | 54 of 3,238 | |
| 2019 | 1.6% | 58 of 3,534 | |
| 2020 | 1.5% | 57 of 3,849 | |
| 2021 | 1.7% | 69 of 4,065 | |
| 2022 | 2.0% | 85 of 4,332 | |
| 2023 | 1.8% | 81 of 4,573 | |
| 2024 | 1.8% | 88 of 4,764 | |
| 2025 | 1.9% | 91 of 4,909 |
Each year is the screen re-run against the figures each company had reported by that December, so it is what the answer would have been at the time rather than today’s companies with old numbers. The denominator is companies with usable figures that year, which grows as coverage does.
Fiscal year ends differ between companies; each row shows that company’s own latest annual period. Figures are the filers’ own, normalized from their SEC filings.
This screen runs as revenue > 50b. Open it in the screener to change the conditions, or read the methodology for how each figure is chosen.