With a market cap of greater than $3 trillion, Apple (AAPL) is essentially the most invaluable firm within the state of California and all the United States.
The iPhone maker as soon as once more surpassed that $3 trillion mark in early December. Tech titan Microsoft (MSFT), primarily based out of Washington, isn’t too far behind at $2.79 trillion.
Yahoo Finance compiled a listing of the largest publicly traded corporations in every state and Washington, D.C., primarily based on market cap and the placement of corporations’ headquarters as of 2023.
Healthcare giants on the high
Healthcare is the dominant sector among the many largest corporations within the US, together with medical health insurance giants Humana (HUM) in Kentucky at $56.1 billion and UnitedHealth (UNH) out of Minnesota at $485.49 billion.
The Northeast is residence to a number of of these corporations, together with different huge healthcare names like CVS Well being (CVS) primarily based out of 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.
Different biotech corporations on the checklist embody Indiana’s Eli Lilly (LLY), valued at $552.87 billion, and Illinois’ AbbVie Inc. (ABBV), valued at $273.09 billion.
A number of monetary corporations are additionally among the many largest of their residence states. In New York Metropolis, banking large JP Morgan Chase (JPM) is value $492.34 billion whereas billionaire Warren Buffett’s Nebraska-based conglomerate Berkshire Hathaway (BRK-A) is valued at a whopping $776.04 billion. Charlotte, North Carolina, a sizzling spot within the monetary companies trade, is residence to the headquarters of Financial institution of America (BAC), which is essentially the most profitable firm within the state at $268.12 billion.
The tech sector noticed important illustration among the many largest publicly traded corporations with eight standing out as essentially the most invaluable of their states together with semiconductor large Micron (MU), primarily based out of Idaho, and Marvell Expertise (MRVL), primarily based out of Delaware.
Tesla (TSLA), which left California for the extra tax-friendly Texas again in 2021, is the Lone Star State’s most useful firm with a worth of $804.84 billion.
Retail giants Walmart (WMT) and House Depot (HD) are the largest in Arkansas and Georgia, respectively. Procter & Gamble (PG), headquartered in Cincinnati, is Ohio’s most useful firm at $343.47 billion.
Aerospace and protection firm Lockheed Martin (LMT) is Maryland’s largest firm whereas neighboring state Virginia is represented by plane maker Boeing (BA).
Philadelphia’s Comcast Company (CMCSA) is essentially the most invaluable firm in Pennsylvania at $177.59 billion and footwear large Nike (NKE) continues to be the dominant enterprise within the state of Oregon at $165.61 billion.
Adriana Belmonte is a reporter and editor protecting politics and healthcare coverage for Yahoo Finance. You possibly can comply with her on Twitter @adrianambells and attain her at adriana@yahoofinance.com.
Click on right here for the newest financial information and indicators to assist inform your investing selections.
Learn the newest monetary and enterprise information from Yahoo Finance