Do you know what the largest company in your state is? 24/7 Wall Street looked at SEC filings and private company estimates to calculate a full list.
Billionaire investor Warren Buffett owns the largest company in both the state of Nebraska and the state of Iowa: Berkshire Hathaway (BRK-A, BRK-B) and Berkshire Hathaway Energy. BHE saw an operating revenue of $19.78 billion in 2018, while its parent company, Berkshire Hathaway’s, was a whopping $247.84 billion.
And it’s no surprise that the biggest company in California is Apple (AAPL) — the Cupertino-based company had 132,000 full-time employees and an operating revenue of $265.6 billion in 2018. That’s the most out of any company in the 50 states.
Largest companies in each state include a few surprises
Other big names like Ford (F), General Electric (GE), Nike (NKE), DowDuPont (DWDP), Walmart (WMT), and Home Depot (HD) came are the largest companies in their respective states. Combined, these companies earned $1.26 trillion last year in operating revenue with over 3.8 million employees.
Many might not have heard of Arctic Slope Regional Corporation, but it’s the largest company in the state of Alaska. In 2017, it generated $2.7 billion in revenue and employs approximately 12,000 people.
Several health care companies were tops in their states, including CVS (CVS), AmerisourceBergen Corporation (ABC), Cardinal Health (CAH), Johnson & Johnson (JNJ), Anthem (ANTM), and Aetna. That’s over 520,700 employees spread across the country.
The largest company in North Carolina, an important hub for banking giants including Wells Fargo (WFC), is none other than Bank of America Corporation (BAC). Other financial companies on the list include Glacier Bancorp (GBCI) in Montana and NLV Financial Corporation in Vermont.
Telecommunications giant Verizon Communications (VZ), the parent company of Yahoo Finance, is the biggest company in the state of New York with over 144,000 employees. Koch Industries, an energy conglomerate run by Charles Koch, is the largest company in Kansas.
And while you might think of Microsoft (MSFT) as being the largest company in the state of Washington, that title actually goes to another tech giant: Amazon (AMZN).
Adriana is an associate editor for Yahoo Finance. Follow her on Twitter @adrianambells.
Source: Finance Yahoo