When discussing the titans of industry, publicly traded corporations often dominate the conversation. However, private companies, operating away from the public eye, wield enormous influence and contribute significantly to the economy. Here’s a look at the top 10 private companies in the USA, based on their revenue, industry impact, and market presence.
1. Cargill
- Industry: Agriculture, Food Production
- Revenue (2023): $165 billion
Cargill is a global powerhouse in agriculture, food production, and commodity trading. With operations in over 70 countries, the company plays a vital role in ensuring food security and supply chain efficiency worldwide.
2. Koch Industries
- Industry: Diversified Conglomerate
- Revenue (2023): $125 billion
From refining and chemicals to consumer products, Koch Industries’ diverse portfolio makes it one of the largest private companies in the world. The company is also deeply invested in technology and innovation.
3. Publix Super Markets
- Industry: Retail, Grocery
- Revenue (2023): $54 billion
Publix is a beloved grocery chain in the southeastern United States, known for its employee-ownership model and customer-centric approach. Its loyal customer base has fueled its steady growth.
4. Mars, Incorporated
- Industry: Food & Beverage
- Revenue (2023): $45 billion
Famous for its iconic candy brands like M&M’s and Snickers, Mars also has a strong presence in the pet care industry with brands such as Pedigree and Whiskas.
5. H-E-B Grocery
- Industry: Retail, Grocery
- Revenue (2023): $38 billion
H-E-B is a Texas-based grocery retailer renowned for its community involvement and innovation in the food retail sector. Its customer loyalty stems from quality products and exceptional service.
6. Dell Technologies
- Industry: Technology
- Revenue (2023): $30 billion
As a leader in computer hardware and IT solutions, Dell Technologies continues to thrive as a privately held company after going public and then returning to private ownership. Its focus on innovation drives its success.
7. Pilot Company
- Industry: Energy, Retail
- Revenue (2023): $29 billion
Pilot Company operates one of the largest networks of travel centers and truck stops in North America, serving millions of customers annually with fuel, food, and essential services.
8. Bechtel
- Industry: Construction, Engineering
- Revenue (2023): $20 billion
Bechtel is a global leader in engineering, construction, and project management. Its projects range from massive infrastructure undertakings to energy and defense-related initiatives.
9. Love’s Travel Stops & Country Stores
- Industry: Retail, Hospitality
- Revenue (2023): $19 billion
Love’s provides essential services to travelers and professional drivers across the U.S., with a network of over 600 locations offering fuel, food, and convenience items.
10. Ernst & Young (EY)
- Industry: Professional Services
- Revenue (2023): $18 billion
Although EY is part of the global “Big Four” accounting firms, its U.S. operations operate as a private entity. The company delivers audit, consulting, tax, and advisory services to clients worldwide.
These companies demonstrate that private enterprises can compete with and even surpass many publicly traded firms in size and influence. Their diverse industries highlight the dynamic nature of the U.S. economy, where innovation, strategic management, and customer focus continue to drive success.