America’s Top Companies by Revenue (1994 vs. 2023)


This post is by Marcus Lu from Visual Capitalist


See this visualization first on the Voronoi app.

Graphic comparing America's top companies by revenue, in 1994 and 2023.

America’s Top Companies by Revenue (1994 vs. 2023)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. A lot has changed since the 1990s, especially in the business world. To highlight these changes, we’ve visualized the top 10 U.S. companies by revenue, in both 1994 and 2023. Figures for 1994 were sourced from the American Business History Center, while 2023 figures come from the latest Fortune 500 ranking. Note that 1994 figures were not adjusted for inflation, but we’ll get to that further below.
Company (1994)Revenue ($B)Company (2023)Revenue ($B)
General Motors155Walmart611
Ford128Amazon514
Exxon102Exxon Mobil414
Walmart83Apple394
AT&T75UnitedHealth
Group
324
General Electric65CVS Health322
IBM64Berkshire
Hathaway
302
Mobil60Alphabet283
Sears55McKesson264
Philip Morris54Chevron246
Total841Total3,674
Based on this data, we can see that today’s top 10 list looks very different from what it used to.

Remembering the Nineties

Before Big Tech, the Big Three automakers dominated the American business landscape (Chrysler ranked 11th in 1994, just behind Philip Morris). Speaking of Philip Morris, the company is now known as Altria following a major 2003 rebranding. The change was made due to the company’s diversification outside of tobacco. Another big change that (Read more…)