A state economy is nothing without the businesses that call it home. But those businesses are not created equally—bigger businesses naturally have outsized influence, generating more revenue, paying more taxes and employing more people according to the Washington Post.
The map above (larger version) identifies the largest company by revenue in every state, according to a review of data maintained by business research firm Hoover’s conducted by information technology companyBroadview Networks, which provides cloud services. The businesses span quite the range: They rake in anywhere from $1 billion to $476 billion and represent various sectors, including energy, banking and retail. Broadview ignored branches or foreign offices in the review and, for consistency, excluded subsidiaries or government entities.
Databases differ on which business is the largest in each state, however. We reviewed the Fortune 1000, as well as a mixture of sources listed on research source Lexis Nexis, and confirmed many, but not all, of the companies on Broadview’s list. This may be explained by differing methodology used by the various sources in identifying a company’s headquarters or revenue. Still, the data offer insight into key businesses in each state.
Here’s the data Broadview Networks culled from Hoover’s:
State | City | Top company by revenue | Revenue (billions) |
---|---|---|---|
Alabama | Birmingham | Regions Bank | $5.89 |
Alaska | Juneau | Alaska Permanent Fund Corporation | $4.44 |
Arizona | Phoenix | Avnet, Inc. | $25.45 |
Arkansas | Bentonville | Wal-Mart Stores | $476.29 |
California | San Ramon | Chevron Corporation | $228.84 |
Colorado | Englewood | Arrow Electronics, Inc. | $21.35 |
Connecticut | Fairfield | General Electric | $146.04 |
Delaware | Wilmington | E.I. du Pont de Nemours and Company | $36.14 |
Florida | Doral | World Fuel Services Corporation | $41.56 |
Georgia | Atlanta | Home Depot International, Inc. | $85.53 |
Hawaii | Honolulu | Hawaiian Electric Industries, Inc. | $3.23 |
Idaho | Boise | Micron Technology, Inc. | $9.07 |
Illinois | Decatur | Archer Daniels Midland | $89.80 |
Indiana | Indianapolis | WellPoint | $71.02 |
Iowa | Cedar Rapids | Transamerica Life Insurance Company | $19.64 |
Kansas | Overland Park | Sprint Communications, Inc. | $34.56 |
Kentucky | Louisville | Humana, Inc. | $41.31 |
Louisiana | Monroe | CenturyLink, Inc. | $18.09 |
Maine | Scarborough | Hannaford Bros. Co. | $3.98 |
Maryland | Bethesda | Lockheed Martin Corporation | $45.35 |
Massachusetts | Boston | Liberty Mutual Holding Company, Inc. | $38.50 |
Michigan | Detroit | General Motors | $155.42 |
Minnesota | Wayzata | Cargill, Inc. | $136.65 |
Mississippi | Laurel | Sanderson Farms, Inc. | $2.68 |
Missouri | St. Louis | Express Scripts Holding | $104.09 |
Montana | Billings | Stillwater Mining Company | $1.03 |
Nebraska | Omaha | Berkshire Hathaway | $182.15 |
Nevada | Las Vegas | Las Vegas Sands Corp. | $13.76 |
New Hampshire | Portsmouth | Sprague Resources LP | $4.60 |
New Jersey | New Brunswick | Johnson & Johnson | $71.31 |
New Mexico | Albuquerque | Presbyterian Healthcare Services | $2.05 |
New York | New York | Verizon Communications | $120.55 |
North Carolina | Charlotte | Bank of America | $101.69 |
North Dakota | Bismarck | MDU Resources Group, Inc. | $4.46 |
Ohio | Dublin | Cardinal Health | $101.09 |
Oklahoma | Oklahoma City | Love’s Travel Stops & Country Stores, Inc. | $26.09 |
Oregon | Beaverton | Nike, Inc. | $25.31 |
Pennsylvania | Chesterbrook | AmeriSourceBergen | $87.95 |
Rhode Island | Woonsocket | CVS Caremark | $126.76 |
South Carolina | Hartsville | Sonoco Products Company | $4.48 |
South Dakota | Sioux Falls | Sanford Health | $3.10 |
Tennessee | Memphis | FedEx Corporation | $44.28 |
Texas | Irving | Exxon Mobil | $438.25 |
Utah | Salt Lake City | Huntsman Corporation | $11.07 |
Vermont | Waterbury | Keurig Green Mountain, Inc. | $4.35 |
Virginia | McLean | Freddie Mac | $81.22 |
Washington | Issaquah | CostCo Wholesale | $105.15 |
West Virginia | Morgantown | West Virginia University Hospitals, Inc. | $42.73 |
Wisconsin | Milwaukee | Johnson Controls, Inc. | $42.73 |
Wyoming | Gillette | Cloud Peak Energy, Inc. | $1.39 |