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These are the largest publicly-traded companies in each US state

These are the largest publicly-traded companies in each US state


With a market capitalization of over $3 trillion, Apple (AAPL) is the most valuable company in the state of California and the entire United States.

The iPhone maker again exceeds this mark of 3,000 billion dollars at the beginning of December. Tech titan Microsoft (MSFT), based in Washington, is not far behind with $2.79 trillion.

Yahoo Finance has compiled a list of the largest publicly traded companies in each state and Washington, D.C., based on market capitalization and the location of the companies’ headquarters in 2023.

Healthcare giants at the top

Healthcare is the dominant sector among the largest companies in the United States, including health insurance giant Humana (HUM) in Kentucky for $56.1 billion and UnitedHealth (A H) of Minnesota for $485.49 billion.

The Northeast is home to many of these companies, as well as other big names in the healthcare industry like CVS Health (CVS) based in Rhode Island and valued at $101.61 billion, Johnson & Johnson (JNJ) in New Jersey and valued at $376.93 billion, and Thermo Fisher Scientific (TMO) in Massachusetts and valued at $205.91 billion.

Other biotech companies on the list include Indiana’s Eli Lilly (THERE IS), valued at $552.87 billion, and AbbVie Inc. of Illinois (ABBB), valued at $273.09 billion.

Several financial companies are also among the largest in their home countries. In New York, the banking giant JP Morgan Chase (JPM) is worth $492.34 billion while billionaire Warren Buffett’s Nebraska-based conglomerate Berkshire Hathaway (BRK-A) is valued at $776.04 billion. Charlotte, North Carolina, a hotspot for the financial services industry, is home to the headquarters of Bank of America (BAC), which is the state’s most lucrative business at $268.12 billion.

These are the largest publicly-traded companies in each US state

The JP Morgan logo at the entrance to a glass office building in Midtown Manhattan, New York, USA on January 23, 2020. (Photo by Nicolas Economou/NurPhoto via Getty Images) (NurPhoto via Getty Images)

The technology sector was heavily represented among the largest publicly traded companies, with eight standing out as the most valuable in their state, including semiconductor giant Micron (IN), based in Idaho, and Marvell Technology (MURLY), based in Delaware.

You’re here (TSLA), which moved from California to more tax-friendly Texas in 2021, is the Lone Star State’s most valuable company with a value of $804.84 billion.

Retail giants Walmart (WMT) and Home Depot (HD) are the largest in Arkansas and Georgia, respectively. Procter & Gamble (PG), headquartered in Cincinnati, is Ohio’s most valuable company at $343.47 billion.

Aerospace and defense company Lockheed Martin (LMT) is Maryland’s largest company while neighboring Virginia is represented by aircraft manufacturer Boeing (B.A.).

Comcast Corporation of Philadelphia (CMCSA) is Pennsylvania’s most valuable company at $177.59 billion and shoe giant Nike (OF) remains the dominant business in the state of Oregon, with $165.61 billion.

Adriana Belmonte is a reporter and editor covering politics and health policy for Yahoo Finance. You can follow her on Twitter @adrianambells and contact her at adriana@yahoofinance.com.

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