LARGEST COMPANIES IN USA 2022

LARGEST COMPANIES IN USA 2022
LARGEST COMPANIES IN USA 2022

This article includes a list of largest public companies and tax inversion companies in USA.  There are also corporations based in the United States, such as corporate headquarters, operating headquarters, and independent subsidiaries. 

The list does not include large private companies such as Cargill and Koch Industries, whose financial data is not necessarily available to the public.  However, this list includes several government-sponsored enterprises that were created by acts of Congress and later became publicly traded.

What Are The Largest Companies In USA?

Walmart is the largest company in the United States and the largest in the world.  Wal-Mart is a retail company with branches all over the world. 

Amazon is the second largest company with total revenue of $386 billion.  This is the largest online store in the world.  Companies are ranked by total revenue, including their international business.

Each of America’s 10 largest employers employs more than 300,000 people.  Some companies, such as Walmart and McDonald’s, offer mostly low-wage jobs. 

Others, such as IBM and General Electric, are leading technological innovators and their workforces are more skilled and better paid.  24/7 Wall St looked at 10 American companies that collectively employed more than 5.6 million workers.

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Who Are The Largest Employers In USA?

Several of the nation’s largest employers are retailers.  Most famously, Wal-Mart Stores, which owns Walmart and Sam’s Club, employs approximately 2.2 million people worldwide and is the largest private employer in the United States. 

Target and Kroger are also among America’s largest employers and can still grow their workforces.  Target recently began expanding into Canada, while Kroger recently acquired rival Harris Teeter.

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List Of Largest Companies In USA 2022

Walmart

At the end of the 2013 fiscal year, Wal-Mart Stores Inc employed nearly 2.2 million employees worldwide.  Of those, more than 1.3 million worked in the United States, meaning the retail giant has a larger U.S. workforce than any other American business. 

Walmart de México y Centroamérica, which is Mexico’s largest private employer, had nearly a quarter of a million workers in Central America as of April. 

The Washington, D.C. City Council recently passed a bill requiring major retailers to pay their workers at least $12.50 an hour (well above the city’s minimum wage).  This has reignited the debate over whether Walmart is paying its workers adequately.

Yum! Brands

Yum! Brands— the owner of KFC, Taco Bell and Pizza Hut — had more than half a million employees at the end of 2012.  The vast majority of its workforce was hourly workers. 

Although the company does not break down the number of its employees by country, many of its employees work abroad.  At the end of last year, less than half of Yum!  Branded stores, franchised or company owned, were located in the United States. 

In addition, 4,547 of the 7,578 company-owned establishments were in China, where KFC is the largest fast-food chain.  The company’s success in the US is still a major driver of job growth.  Taco Bell added 15,000 jobs thanks to the success of Doritos Locos tacos.

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McDonald’s

As of the end of 2012, McDonald’s Corp had a total of 440,000 employees.  In recent decades, true or not, McDonald’s has come to be associated with low-quality jobs known as “McJobs.”

McDonald’s recently made headlines for offering a budget calculator that employees can use to balance their income and expenses. 

The company provided a sample monthly budget that makes unrealistic assumptions, such as those employees work two jobs, pay only $600 a month in rent, and somehow find health insurance that costs only $20 a month.  In 2011, McDonald’s campaign led to the creation of 62,000 new jobs.

IBM

As of the end of 2012, International Business Machines Corp (IBM) had more than 434,000 employees.  The company has one of the most qualified employees in the country. 

For 20 consecutive years, the company has received more patents from the US Patent Office than any other company, with nearly 6,500 patents issued in 2012 alone.  In addition, five IBM employees received the Nobel Prize. 

But despite the company’s research achievements, IBM is still sensitive to the results.  The company cut more than 3,300 jobs in the United States earlier this year and Canada. 

In August, due to falling demand for new servers, the company announced it would have to lay off most of its US hardware team for a week to cut costs.

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United Parcel Service

United Parcel Service Inc (UPS) had about 323,000 employees in the United States alone at the end of 2012, excluding seasonal workers.  Most of these workers were hired under contracts the company negotiated with the Teamsters and other unions. 

The company agreed to a new five-year national master agreement with the Teamsters, effective Aug 1.  The new contract guarantees wage increases throughout the duration of the agreement, as well as the addition of new full-time jobs. 

However, much of the company’s workforce still works part-time.  At the end of last year, 46% of the company’s 328,000 hourly employees, along with 36% of management staff, were part-time.

Target

As of February 2013, Target Corp (TGT) employed 361,000 full-time, part-time and seasonal workers.  However, like many retailers, Target’s workforce increases during the holiday season. 

Between Thanksgiving and the end of the year, Target employed approximately 409,000 workers.  Most, if not nearly all, of these workers likely worked in the United States. 

Target does not have a presence outside of the US and Canada, and it only started operating in Canada in March 2013.  Target has been criticized in recent years for anti-union. 

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Kroger

As of February, Kroger Co (KR) employed approximately 343,000 full-time and part-time employees.  Most Kroger workers are “covered by collective bargaining agreements with local unions that belong to one of several different international unions,” according to the company. 

The company’s experience with labor unions has earned it awards over the years.  In 2011, it acquired several Schnucks grocery stores in the Memphis area.

In July, Kroger announced it was buying supermarket chain Harris Teeter, although its new acquisition is expected to remain union-free.

Home Depot

As of February, Home Depot Inc (HD) employed approximately 340,000 people.  However, of these, only 21,000 were paid, with the vast majority working hourly or only temporarily. 

The company operates throughout North America, but is primarily located in the United States.  The home goods retailer had just under 2,000 stores in the U.S., 180 in Canada and 100 in Mexico. 

Following his appointment in 2007, current CEO Frank Blake lifted previous pay caps to allow the company to hire experienced professionals.  It also improved employee benefits as part of its efforts to provide better customer service.

Hewlett-Packard

Hewlett-Packard Co (HPQ) has 331,800 employees worldwide.  However, the company is experiencing massive job cuts. 

In May 2012, HP announced that it would cut 29,000 employees by fiscal year 2014 through both voluntary retirements and job cuts. 

As of March, the company had 15,000 more jobs to cut to meet those goals.  In late 2012, the company also wrote down the cost of its acquisition of Autonomy by $8.8 billion after it was found that Autonomy had lied about its finances.

General Electric

General Electric Co.  (GE) is one of the few public companies in the United States with more than 300,000 full-time and part-time employees.  Of those employees, the company said, approximately 134,000 worked in the United States. 

If not for NBC Universal’s cancellation, those numbers would have been higher.  The former GE subsidiary, now owned by Comcast, had 14,000 employees as of 2010. 

GE has long been a major source of technological innovation, from light bulbs to refrigerators to jet engines.  The company is actively developing software and plans to hire thousands of engineers to improve the software capabilities of its hardware.

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Largest Private Companies In The USA

Cargill

Cargill is a Minnesota company founded by William Wallace Cargill at the end of the American Civil War.  It is a privately held corporation in the US regarding profits.  Cargill reported revenue of $120.4 billion in fiscal 2016. 

The company has evolved from a grain warehouse into a multinational trading, procurement, trading and distribution of agricultural commodities such as sugar, oil, turkey and chocolate. 

It also provides services such as financial management, transportation and manufacturing of food ingredients.  Cargill is a family business, 90% of the company is owned by the descendants of founder William Cargill and his son-in-law John McMillan.

Koch Industries

Koch Industries is a multinational corporation that specializes in a variety of industries, including oil refining, chemicals, biofuels, and ingredients such as forests and consumer products. 

The company is based in Wichita, Kansas, and its subsidiaries are engaged in trading, investment, chemical process equipment and manufacturing.  Koch Industries is one of the private companies of the United States according to the list of Forbes 2016.

The revenue of the company was 100 billion dollars.  The company was founded in 1940 by Fred Koch.  Currently, Koch Industries is owned by brothers Charles and David Koch, each of whom owns 42% of the company.

Albertsons

Albertsons is a grocery store chain headquartered in Boise, Idaho.  The company is owned and managed by Cerberus Capital Management.  Albertsons is one of the largest supermarket chains in North America, with more than 2,000 stores and more than 250,000 employees. 

Its divisions and subsidiaries operate stores under the Albertsons, Bristol Farms, Max Food, Star Market and Grocery Warehouse brands.  Albertsons was founded in 1939 by Joe Albertson and became a public company in 1959. 

The company was called Albertson’s until 2002, when the apostrophe was removed.  The company filed for an IPO in July 2015 and recorded revenue of $58.7 billion in fiscal 2016.

Dell

Dell was founded in 1984 by Michael Dell in a Texas dorm room.  The company started as a computer sales company under the name PC’s Limited. 

Today, Dell offers a wide range of technology products, including personal computers, servers, software, network switches and cameras for consumers, the public sector and enterprises. 

Dell is one of the largest companies in Texas with revenues of $54.9 billion in 2016.  It is also the third largest PC Company in the world after Lenovo and HP and the number one supplier of PC monitors.  Dell has more than 100,000 employees worldwide.

PricewaterhouseCoopers

PricewaterhouseCoopers is a professional services network that provides audit, tax and consulting services in more than 158 countries.  PwC dates back to 1849, when Samuel Price founded the accounting firm. 

In 1854, William Cooper also opened his accounting firm.  PricewaterhouseCoopers was created in 1998 as a result of the merger of Price Waterhouse, Cooper and Lybrand with the trade name PwC adopted in 2010. 

PwC is the most prestigious accounting firm in the world since 2010 and one of the largest private companies in the United States recording revenue of $35.4 billion in fiscal 2016.

CONCLUSION

The largest companies in USA by market capitalization operate in a number of different market sectors, including technology, communications, energy, consumer discretionary and financial services. 

A company’s market capitalization is calculated by multiplying the total number of its shares in circulation by the current market price of one share.  Most of the top 10 companies generate hundreds of billions of dollars in annual revenue. 

However, there are several companies that generate less than $100 billion in annual revenue, which suggests that investors are more optimistic about the potential growth of these companies compared to others on the list.

Largest Companies In USA 2022 FAQs

What Is The Reason For The U.S. Dominance In Market Values?

The main reason for the dominance of the USA in market values ​​is the change of important industries and investors.  Of the world’s top 100 companies, 52% were founded in either technology or consumer discretionary, and the current biggest players like Apple, Alphabet, Tesla and Walmart are all based in America.

What Is Market Cap?

Market cap (that is, market capitalization) is the total market value of a company’s shares in circulation.  To calculate a company’s market capitalization, you simply take the current share price and multiply it by the total number of shares outstanding. 

What Is The Largest Sector In USA?

Over the five years presented, the technology sector was the leading sector in terms of market capitalization, increasing by $7,085 billion since 2018.  The gap between technology and other sectors widened every year.

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