Top 10 America’s Largest Private Companies 2024

The Top 10 Largest Private Companies of 2024 in America features leading entities like Cargill, Koch, Publix Super Markets, and Mars. Discover the entire list of companies that are dominating the global market scenario with their innovative and lucrative business models and a fulfilling understanding of consumer needs, making them rightful owners of the profits they make. 

Apr 29, 2025, 18:54 IST
List of Top 10 Largest Private Companies in US 2024
List of Top 10 Largest Private Companies in US 2024

 

The United States is a global powerhouse for some of the most influential private companies in the world that control a large part of business activities throughout the globe. Their expertise often overlaps across industries, leading to an increase in their relevance across different categories. 

Whether you’re a business enthusiast, investor, or just curious about the backbone of American enterprise, this list offers fascinating insights into these corporate titans.

In the United States, a notable cohort of 258 companies has reported revenues exceeding $2 billion in the latest fiscal year. This encompasses 85% of the listed entities, with their reported revenues spanning the calendar year 2022. Meanwhile, others have concluded their fiscal years as recently as October 2023.

Within this elite group, Cargill claims the top spot, boasting record-breaking revenues of $177 billion in its most recent fiscal year ending May 2023. This marks a significant 7% increase compared to the previous year.

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10 America’s Largest Private Companies 2024

Securing its position at No. 2, Koch Industries maintains its stronghold with a revenue figure of $125 billion. Despite this financial prowess, the family-owned company experienced a stagnant year-over-year sales performance.

In the ranking, Publix Supermarkets and H-E-B emerge as formidable players, claiming the No. 3 and No. 5 spots, respectively, among the giants in the grocery store industry.

Rank

Name

State

Industry

Revenue

Employees

1

Cargill

Minnesota

Food, Soft Beverages, Alcohol & Tobacco

$177 B

160,000

2

Koch Industries

Kansas

Multi-company

$125 B

120,000

3

Publix Super Markets

Florida

Food Markets

$54.5 B

250,000

4

Mars

Virginia

Food & Drink

$47 B

140,000

5

H-E-B Grocery Company

Texas

Food Markets

$43.6 B

145,000

6

Reyes Holdings

Illinois

Food, Drink & Tobacco

$40 B

36,000

7

Enterprise Mobility

Missouri

Travel & Leisure

$35 B

90,000

8

C&S Wholesale Grocers

New Hampshire

Food, Drink & Tobacco

$34.65 B

15,000

9

Love's Travel Stops & Country Stores

Oklahoma

Convenience Stores & Gas Stations

$26.5 B

40,000

10

Southern Glazer's Wine & Spirits

Florida

Food, Drink & Tobacco

$26 B

24,000

Claiming the No. 3 and No. 5 positions on the list of America's Largest Private Companies are the grocery store juggernauts Publix Supermarkets and H-E-B, respectively. Securing the No. 4 spot is Mars, a prominent player in the candy, food, and pet care industry.

It's crucial to note that the list meticulously excludes entities falling outside certain parameters. These exclusions pertain to companies based outside the United States, those exempt from income tax (e.g., Mohegan Tribal Gaming Authority), mutual ownership structures (e.g., State Farm Insurance), cooperatives (e.g., Land O'Lakes), companies with fewer than 100 employees, and those entities surpassing the 50% ownership threshold by another public, private, or non-U.S. company.

This list draws from Forbes' 'America's Largest Private Companies,' with the data presented reflecting information as recent as October 2023.

Hello, my name is Mohammad Jazib Ul Quanain. I was born and raised in the beautiful valley of Kashmir. During the initial years of my life, I chose engineering as my career. It didn't work out as I wanted it, so I pursued Journalism and haven't regretted it since. I completed my master's from Chandigarh University in Journalism and Mass Communication. Also, I have almost 2 years of experience in content writing and Journalism. If I'm not writing articles, you may find me riding my motorcycle to a remote location or relaxing on the couch watching anime.
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