Tuesday, June 24, 2014

Interesting!

Seen on Facebook last night:

Map: The largest company by revenue in every state
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.

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 company Broadview 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.
Here's the map, for the TL/DR crowd:


You know what I find fascinating? While some stereotypes are true--the largest business in Texas is oil, frex--others are surprising. Oil is the biggest business in Florida - and California. Insurance companies are represented, as are banks. What's interesting is that retail drives a lot, too - Walmart, Costco, Love's, and Hannaford are all the largest businesses in their respective states.

One thing stands out, though. For the purposes of the exercise, all government influence was taken out of the equation. However, they left in GM in MI. I suppose it's because there's nothing else there any more, but still...

Anyways, I thought it was interesting...

That is all.

15 comments:

newrebeluniv said...

Freddie Mac (Virginia) and Lockheed Martin (Maryland) are both government affiliated.

Chevron is based in California, but I am betting most of their profits are not.

Argonel said...

I would like to see how this map changes if they listed by profit instead of revenue. Churning through lots of money is nice, but putting money in the bank is what really makes me smile.

GuardDuck said...

Add West Virginia University - Gov't

Alaska permanent fund



I find interesting that Hawaii's largest is it's power company. Absolutely no export income.

bluesun said...

I've never even heard of "Arrow"...

Dave H said...

Arrow and Avnet are both electronic component distributors. I'm not too surprised Micron is the leader in Idaho. They're a memory chip manufacturer. Memory is big business.

You know what would be informative? Overlaying each state's contributions to presidential candidates over the last few elections. I'm confident that energy companies contributed to the Bush campaigns, and I wouldn't be a bit surprised if health care and insurance contributed to Obama's.

Bubblehead Les. said...

Glad to see Ohio makes its money off the Old and the Sick.

But since we deliver 20% of the 90+year old Great-Grandmas Driving with their Turn Signals ON while doing 25MPH on the Interstate down to Florida via the Snow Bird Express every year....

Geodkyt said...

newrebeluniv

Lockheed Martin is a private firm. Just one that does a LOT of business with the government.

Freddie Mac is a "private" corporation in the same sense that the US postal Service and Amtrak are technically "private".

Borepatch said...

What Argonel said. Cisco won't introduce a product if it doesn't have 80% gross margin. There's no doubt at all that Cisco's profit is much bigger than Chevron's (just taking California as an example).

Gross sales is a very poor measure of a business' sustainability. Retail margins are paper thin. That's why at Home Depot when you try to sell them something they always ask how many hammers they have to sell to pay for it.

Anonymous said...

Can't help but wonder...what would that map look like if .gov was NOT excluded...

JTC

p.s.

Les, hey thanks a lot for that. Only 20%? Seems like way more.

Old NFO said...

Yep, $$ profits would be interesting...

Anonymous said...

State by state, the biggest revenues are due to presence of the various companies' corporate headquarters. Sprint is based in Kansas, Wal-Mart in Arkansas, Costco in Washington, etc. The corporate headquarters reports the global revenue for the company.

The one I didn't expect was World Fuel. I grew up in Miami and never heard of them. I would have assumed that FL would be Disney, Oranges, Sugar Cane, or retirement healthcare.

Hunter said...

Alaska Permanent Fund is an investment by the state of Alaska using oil tax revenue. The PFD check is from the treasurer of the state.

Ed said...

There are producing oil wells in Florida.

http://aoghs.org/states/first-florida-oil-well/

http://www.naplesnews.com/news/2012/apr/02/sunniland-oil-production-drilling-collier-eastern/

http://www.nbc-2.com/story/22152968/company-requesting-oil-drilling-permit-in-collier-county#.U6pnmPldWYM

http://www.naplesnews.com/news/2014/jun/24/dep-begins-water-testing-collier-hogan-well/

Stretch said...

Freddie Mac's bookkeeping would get any of the other companies arrested.

Jennifer said...

And it's nice seeing the day job logo sitting right there on my state :)