Biggest manufacturing companies in the US: the 30 largest by revenue

The biggest US manufacturers by revenue are a phone maker, oil refiners and chip designers, and several of them build little in their own factories. If you sell into manufacturing, the size of the company matters less than how many plants it runs and who manages them.

Company list7 min readPublished

The biggest US manufacturing companies by latest annual revenue are Apple ($416.2 billion, year to September 2025), Exxon Mobil ($332.2 billion, 2025), NVIDIA ($215.9 billion, year to January 2026), Chevron ($189.0 billion) and Ford ($187.3 billion), according to their 10-K filings. The list covers US-headquartered public companies whose SEC industry code is in manufacturing (SIC 2000 to 3999), ranked by total revenue as reported.

  • Nine of the 30 make computers, chips or networking gear; together they reported $1.18 trillion of revenue.
  • Micron jumped into the top ten with $133.2 billion for its year to September 2026.
  • Five oil refiners reported $909 billion between them, about a quarter of the top 30's revenue.
  • 153 manufacturers with 20,000 or more employees run 5,595 US plants and employ 16.3% of manufacturing workers (Census, 2022).
  • 40.9% of manufacturing employment is at firms with fewer than 500 employees.
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This list is for anyone who sells to manufacturers (equipment, automation, MRO supplies, software, logistics, staffing, engineering services) and for analysts who need the largest manufacturers with a source for each figure. It ranks US-headquartered public companies whose SEC industry code (SIC) is in the manufacturing range, 2000 to 3999, by total revenue for their latest fiscal year as reported in their 10-K. Headquarters and headcount come from the same filing. For a shorter overview with a guide to building a list of smaller manufacturers, see top manufacturing companies.

The 30 biggest US manufacturing companies

RankCompanyHeadquartersRevenue, latest fiscal yearWhat it makesEmployees
1AppleCupertino, CA$416.16 billion (year to Sep 27, 2025)Phones, computersabout 166,000 full-time equivalents
2Exxon MobilSpring, TX$332.24 billion (2025)Oil, fuels, chemicals57,900 regular employees
3NVIDIASanta Clara, CA$215.94 billion (year to Jan 25, 2026)Chips, computing systemsabout 42,000
4ChevronHouston, TX$189.03 billion (2025)Oil, fuels, chemicals43,039
5Ford MotorDearborn, MI$187.27 billion (2025)Vehiclesabout 169,000
6General MotorsDetroit, MI$185.02 billion (2025)Vehiclesabout 156,000
7Micron TechnologyBoise, ID$133.19 billion (year to Sep 3, 2026)Memory chipsabout 61,000
8Marathon PetroleumFindlay, OH$132.70 billion (2025)Refined fuelsabout 18,500
9Phillips 66Houston, TX$132.38 billion (2025)Refined fuels, chemicalsabout 12,600
10Valero EnergySan Antonio, TX$122.69 billion (2025)Refined fuels9,811
11Dell TechnologiesRound Rock, TX$113.54 billion (year to Jan 30, 2026)Computers, serversabout 97,000
12TeslaAustin, TX$94.83 billion (2025)Electric vehicles, batteries134,785
13Johnson & JohnsonNew Brunswick, NJ$94.19 billion (year to Dec 28, 2025)Medicines, medical devicesabout 140,800
14PepsiCoPurchase, NY$93.93 billion (year to Dec 27, 2025)Snacks, beveragesabout 306,000
15BoeingArlington, VA$89.46 billion (2025)Aircraft, defense systemsabout 182,000
16RTXArlington, VA$88.60 billion (2025)Aircraft engines, defense systemsabout 180,000
17Procter & GambleCincinnati, OH$87.03 billion (year to Jun 30, 2026)Household and personal care productsabout 104,000
18Archer-Daniels-MidlandChicago, IL$80.27 billion (2025)Food ingredients, oils41,496
19Lockheed MartinBethesda, MD$75.05 billion (2025)Aircraft, missiles, space systemsabout 123,000
20CaterpillarIrving, TX$67.59 billion (2025)Construction and mining machinery, enginesabout 118,000 full-time
21IBMArmonk, NY$67.54 billion (2025)Software, consulting, mainframesnot stated
22Eli LillyIndianapolis, IN$65.18 billion (2025)Medicinesabout 50,000
23MerckRahway, NJ$65.01 billion (2025)Medicines, vaccinesabout 75,000
24BroadcomPalo Alto, CA$63.89 billion (year to Nov 2, 2025)Chips, softwareabout 33,000
25Cisco SystemsSan Jose, CA$63.33 billion (year to Jul 25, 2026)Networking equipment, softwareabout 82,400
26PfizerNew York, NY$62.58 billion (2025)Medicines, vaccinesabout 75,000
27AbbVieNorth Chicago, IL$61.16 billion (2025)Medicinesabout 57,000
28HP IncPalo Alto, CA$55.30 billion (year to Oct 31, 2025)PCs, printersabout 55,000
29Tyson FoodsSpringdale, AR$54.44 billion (year to Sep 27, 2025)Meat and prepared foodsabout 133,000
30IntelSanta Clara, CA$52.85 billion (year to Dec 27, 2025)Chips85,100

Revenue is total revenue or net sales as reported in each company's latest 10-K. Headquarters are each company's business address on its SEC filings. Employees are from the same filing; General Motors' figure is our sum of about 88,000 hourly and 68,000 salaried employees, and J&J's is employees (its full-time-equivalent count is 138,200). IBM's 2025 annual report doesn't state a total headcount.

General Dynamics ($52.55 billion) is 31st. ConocoPhillips is registered with the SEC under petroleum refining and reported $58.94 billion, but its 10-K describes it as an independent exploration and production company, so we leave it out. Companies headquartered abroad that file with the SEC, such as Medtronic, Linde and Eaton, are also excluded.

The list by sector

SectorCompanies in the top 30Revenue (our sum)
Computers, chips and networkingApple, NVIDIA, Micron, Dell, IBM, Broadcom, Cisco, HP, Intel$1,181.7 billion
Oil refiningExxon Mobil, Chevron, Marathon Petroleum, Phillips 66, Valero$909.0 billion
VehiclesFord, General Motors, Tesla$467.1 billion
PharmaceuticalsJohnson & Johnson, Eli Lilly, Merck, Pfizer, AbbVie$348.1 billion
Food, beverages and household productsPepsiCo, Procter & Gamble, ADM, Tyson$315.7 billion
Aerospace and defenseBoeing, RTX, Lockheed Martin$253.1 billion
MachineryCaterpillar$67.6 billion

Revenue isn't the same as production. Refiners' revenue moves with fuel prices, and much of what Apple and NVIDIA sell is built by contract manufacturers, which is why IndustryWeek, for one, leaves companies that outsource production out of its manufacturer rankings. If you sell plant equipment or services, the employee column and the company's list of plants in its 10-K (Item 2, "Properties") tell you more than revenue does.

How big manufacturers are, by the numbers

The Census Bureau's Statistics of US Businesses counts manufacturing firms by their total US employment, with their plants (establishments) and workers in manufacturing:

US employees per firmFirmsManufacturing establishmentsEmployeesShare of manufacturing employment
20,000 or more1535,5951,987,80016.3%
10,000 to 19,9991813,756923,4507.6%
1,000 to 9,9992,02819,6273,353,55027.5%
500 to 9991,8156,389938,8607.7%
Fewer than 500235,088250,1334,984,67040.9%
All manufacturing239,265285,50012,188,330100%

Statistics of US Businesses 2022 (released April 2025). The 1,000 to 9,999 and 500 to 999 rows are our sums of the Census size classes in those ranges. Counts cover establishments with paid employees.

The 153 largest manufacturers average about 37 US plants each, with about 355 workers per plant. The middle of the market is bigger than it looks: 2,028 firms with 1,000 to 9,999 employees run 19,627 plants and employ more people than the 334 largest firms combined.

How this list is built

  • What's counted: total revenue or net sales for each company's latest fiscal year, as reported in its 10-K, including services and software it sells alongside products.
  • Who's counted: US-headquartered, SEC-registered companies whose SIC code, assigned by the SEC from their main business, is between 2000 and 3999. That is why Apple and NVIDIA count and Amazon doesn't. We exclude ConocoPhillips for the reason above.
  • What's left out: privately held manufacturers, which don't publish results, and foreign-headquartered companies such as Toyota or Siemens, even where they run US plants. Fortune, Forbes and IndustryWeek publish other rankings; we didn't use them.

Where the buying happens at a large manufacturer

General guidance, informed by the filings.

  • Plants. Plant managers, maintenance and reliability leaders, and plant engineering buy equipment, spare parts, maintenance services and automation, often from an approved supplier list. With 37 US plants on average, the largest manufacturers buy plant by plant even when a contract is signed centrally.
  • Corporate procurement and sourcing. Direct materials and components are bought by category managers on multi-year contracts, with supplier qualification, quality audits and long payment terms.
  • Engineering and R&D. Product engineering buys design software, testing, prototyping and contract engineering. Eli Lilly, for example, says about 12,000 of its roughly 50,000 employees work in research and development.
  • Operations technology and IT. Plant networks, industrial cybersecurity and manufacturing software are often owned jointly by IT and operations, so expect two sponsors.

Worked example: an industrial cybersecurity vendor sizes the market

Illustrative example. The vendor and its pricing are fictional; the firm and plant counts come from Statistics of US Businesses 2022.

The seller: Faultline (faultline.example) sells plant-network security monitoring at an illustrative $24,000 per plant per year.

The arithmetic. The 153 largest manufacturers run 5,595 US plants. If every plant bought, that would be $134.3 million a year (5,595 × $24,000). The next tier, 2,028 firms with 1,000 to 9,999 employees, runs 19,627 plants, worth $471.0 million at the same price (19,627 × $24,000). The mid-size tier is the larger market and usually has shorter sales cycles.

The plan.

  1. Pick one sector, such as pharmaceuticals, where plant security is regulated and the five largest companies are in the table above.
  2. Find the plants. Most 10-Ks describe principal manufacturing sites under Item 2, Properties. Start with the largest US sites.
  3. Find two sponsors per company: the head of operations technology or manufacturing IT, and a plant leader willing to run a pilot.
  4. Then move to the mid-size tier in the same sector, where one plant leader often owns the decision.

Mapping the plants, the operations technology leads and what's changed at each is the slow part. Bebop researches each account in a list like this and writes a playbook for each.

Next step: to find mid-size manufacturers by industry code and state, start with the list of manufacturing companies guide and the NAICS codes for your sector.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

What is the largest manufacturing company in the US?

By revenue, Apple, with $416.2 billion for its fiscal year ended September 27, 2025, which the SEC classifies as electronic computers manufacturing. Most of its products are built by contract manufacturers. Among companies that run their own large production operations, Exxon Mobil ($332.2 billion in 2025) and Ford ($187.3 billion, about 169,000 employees) are the largest, according to their 10-K filings.

Which US manufacturer has the most employees?

Among the 30 largest by revenue, PepsiCo reports the most, about 306,000 people worldwide (125,000 in the US), followed by Boeing (about 182,000), RTX (about 180,000), Ford (about 169,000), Apple (about 166,000 full-time equivalents) and General Motors (about 156,000), per their latest 10-Ks. Tyson Foods, with about 133,000, has 116,000 in the US, mostly at plants and other production sites.

How many manufacturing companies are there in the US?

The Census Bureau's Statistics of US Businesses counted 239,265 manufacturing firms with paid employees in 2022, running 285,500 establishments and employing 12,188,330 people. 235,088 of those firms had fewer than 500 employees and employed 40.9% of manufacturing workers. Only 153 firms had 20,000 or more employees; they ran 5,595 US plants.

Is Apple a manufacturing company?

For the SEC, yes: Apple's industry code is 3571, electronic computers, which is in the manufacturing range. In practice, most of its hardware is assembled by contract manufacturers, so some rankings, such as IndustryWeek's, leave it out. NVIDIA (SIC 3674, semiconductors) is a similar case. If you sell plant equipment or services, count companies that run their own plants, which their 10-K lists under properties.

What are the biggest manufacturing industries in the US?

By the revenue of the 30 largest companies, computers, chips and networking ($1.18 trillion across nine companies) and oil refining ($909 billion across five) lead, followed by vehicles ($467 billion across Ford, GM and Tesla). By employment, food manufacturing is the largest subsector: County Business Patterns counted 1.71 million food manufacturing employees in 2023, just ahead of transportation equipment (1.68 million) and fabricated metal products (1.44 million).

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