Gelonghui, May 20 | Since the 1990s, the business world has undergone tremendous changes.
According to Fortune 2023 data. The chart below shows the 10 U.S. companies with the highest revenue in 1994 and 2023.
It\’s important to note that the 1994 data are not adjusted for inflation.
Before the big tech companies, three major automakers dominated the U.S. business landscape.
In 1994, General Motors and Ford ranked first and second with annual revenues of US$155 billion and US$128 billion respectively.
The annual revenues of Exxon and Mobil before the merger were US$102 billion and US$60 billion respectively. They ranked third and eighth respectively.
The TOP10 also includes Walmart ($83 billion), AT&T ($75 billion), General Electric ($65 billion), IBM ($64 billion), bankrupt veteran retailer Sears ($55 billion) and the largest tobacco company in the United States, Philip Morris ($54 billion).
By 2023, Walmart will become the company with the highest annual revenue in the United States, reaching US$611 billion.
Among large technology companies, Amazon (USD 514 billion), Apple (USD 394 billion), and Google parent company Alphabet (USD 283 billion) ranked second, fourth, and eighth respectively.
The TOP10 also includes the merged Exxon Mobil ($414 billion), UnitedHealth ($324 billion), CVS Health ($322 billion), Berkshire Hathaway ($302 billion), and the largest pharmaceutical distributor in the United States. McKesson ($264 billion) and Chevron ($246 billion).
The 10 highest-grossing companies have combined revenue of $3.7 trillion.
Graphic | 1994 vs. 10 U.S. companies with the highest revenue in 2023
Gelonghui May 20 | Since the 1990s, the business field has undergone tremendous changes
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