Short answer
The Denver-Aurora-Centennial metro had 91,522 business establishments with paid employees in 2023, employing 1,419,833 people at an average of $76,830 a year, according to the Census Bureau; Denver County alone had 27,422. The city's largest private employers, in its 2025 financial report, are United Airlines (11,007), Denver Health and HCA HealthONE. The top companies headquartered in the metro by revenue are Arrow Electronics, Newmont, EchoStar, DaVita and Ball.
- Professional, scientific and technical services make up 17.0% of Denver-area establishments, the largest share of any sector.
- Denver and Arapahoe counties hold 52.0% of the metro's establishments and 57.1% of its jobs.
- United Airlines employs 11,007 people in the city of Denver, nearly twice its 2016 count.
- Oil and gas extraction offices pay $285,041 a year on average, because Denver holds headquarters, not wells.
- 59.3% of the metro's establishments have fewer than five employees.
On this page
This page is for anyone trying to find or understand Denver companies: people hiring a local firm, job seekers, analysts and B2B sellers working the Front Range. It covers the Census count by county and industry, the employers the City and County of Denver lists as its largest, the biggest headquarters, the state and city records for checking a business, and a worked example in the metro's largest sector.
How many businesses are in the Denver area
| Measure | Denver-Aurora-Centennial metro, 2023 |
|---|---|
| Establishments with paid employees | 91,522 |
| Employees | 1,419,833 |
| Annual payroll | $109,086,172,000 |
| Average annual pay | $76,830 |
| Average employees per establishment | 15.5 |
| Share of US establishments | 1.09% |
| Employees at the establishment | Establishments |
|---|---|
| 1 to 4 | 54,229 |
| 5 to 9 | 13,996 |
| 10 to 19 | 10,479 |
| 20 to 49 | 7,857 |
| 50 to 99 | 2,713 |
| 100 to 249 | 1,620 |
| 250 to 499 | 405 |
| 500 to 999 | 139 |
| 1,000 or more | 84 |
That is 78,704 establishments with 1 to 19 employees, 10,570 with 20 to 99 and 2,248 with 100 or more. These are County Business Patterns figures for all sectors: they count each location with a payroll, so one company with ten offices counts ten times, and they leave out the self-employed. The figures are for 2023, with employment in mid-March.
Where the businesses are
| County | Establishments | Employees | Employees per establishment |
|---|---|---|---|
| Denver | 27,422 | 489,563 | 17.9 |
| Arapahoe | 20,137 | 321,810 | 16.0 |
| Jefferson | 17,999 | 210,701 | 11.7 |
| Adams | 11,319 | 207,227 | 18.3 |
| Douglas | 10,563 | 132,499 | 12.5 |
| Broomfield | 2,337 | 45,136 | 19.3 |
| Elbert | 722 | 3,474 | 4.8 |
| Park | 539 | 1,866 | 3.5 |
Denver County has 30.0% of the metro's establishments and 34.5% of its jobs; Arapahoe, home to Centennial and much of the Denver Tech Center, has another 22.0%. Jefferson County has many establishments but small ones, 11.7 employees each, while Adams (18.3) and Broomfield (19.3) have the biggest workplaces on average.
What Denver-area businesses do
| Industry (NAICS) | Establishments | Employees | Average pay |
|---|---|---|---|
| Professional, scientific and technical services (54) | 15,561 | 145,828 | $112,699 |
| Health care and social assistance (62) | 10,010 | 192,464 | $68,744 |
| Construction (23) | 9,143 | 102,402 | $82,318 |
| Retail trade (44 to 45) | 8,583 | 149,427 | $42,229 |
| Accommodation and food services (72) | 7,349 | 152,196 | $32,703 |
| Finance and insurance (52) | 5,880 | 80,270 | $116,194 |
| Information (51) | 2,050 | 66,048 | $155,348 |
| Corporate and regional managing offices (551114) | 564 | 54,050 | $120,602 |
| Oil and gas extraction (211) | 166 | 3,347 | $285,041 |
Average pay is our calculation from payroll. In Massachusetts and Oregon, retail or health care has the most establishments; in the Denver metro it's professional services. Software publishers are fewer (348 establishments) but pay $224,520 on average. The oil and gas line shows what Denver is in that industry: 166 offices with 3,347 people, most of them running wells in other states.
Denver's largest employers
The City and County of Denver ranks employers in its 2025 Annual Comprehensive Financial Report by the Occupational Privilege Tax they remit, a tax on people working in the city, so the counts are employees in Denver itself:
| Rank | Employer | Employees in Denver, 2025 | Employees, 2016 |
|---|---|---|---|
| 1 | City and County of Denver | 13,681 | 10,781 |
| 2 | Denver Public Schools | 13,367 | 12,924 |
| 3 | State of Colorado | 11,528 | 9,588 |
| 4 | United Airlines | 11,007 | 5,777 |
| 5 | Denver Health and Hospital Authority | 8,334 | 6,541 |
| 6 | HCA HealthONE | 4,745 | 4,196 |
| 7 | Southwest Airlines | 4,569 | not in top 10 |
| 8 | USDA National Finance Center | 4,416 | 3,852 |
| 9 | University of Denver | 4,205 | 3,866 |
| 10 | ADP TotalSource | 2,365 | not in top 10 |
The ten employ 78,217 people, 12.0% of employment in the city. Two airlines are on the list because Denver International Airport is in the city: United's hub has nearly doubled its Denver workforce since 2016. None of the ten is a company headquartered in Denver; ADP TotalSource is a professional employer organization, which employs staff on behalf of client businesses.
The biggest companies headquartered around Denver
| Company | Headquarters | Revenue, latest 10-K |
|---|---|---|
| Arrow Electronics | Centennial | $30.85 billion (2025) |
| Newmont | Denver | $22.67 billion (2025) |
| EchoStar | Englewood | $15.00 billion (2025) |
| DaVita | Denver | $13.64 billion (2025) |
| Ball Corporation | Westminster | $13.16 billion (2025) |
| Molson Coors Beverage | Golden | $11.14 billion net sales (2025) |
| VF Corporation | Denver | $9.61 billion (year to March 2026) |
| Ovintiv | Denver | $8.91 billion (2025) |
| Antero Resources | Denver | $5.28 billion (2025) |
| Liberty Media | Englewood | $4.48 billion (2025) |
The Census data shows how rare these are: 84 establishments in the metro have 1,000 or more employees. Palantir, often listed as a Denver company, gives Aventura, Florida as its headquarters in its 2025 10-K. For the full ranking of 25, with headcounts and who's left out, see the largest companies in Denver.
Finding and checking a Denver company
| Source | What it's good for |
|---|---|
| Colorado Secretary of State business database | Search by name, trade name or ID for an entity's status, registered agent and filings |
| Denver Business Licensing | The city's license directory, application status and a check of whether an address holds a license |
| Denver Metro Chamber of Commerce | Member businesses and regional events |
| Metro Denver Economic Development Corporation | Industry cluster studies and economic indicators for the region |
| Denver South major employers | The large private employers in the southern suburbs, by industry |
| SEC EDGAR, Colorado filers | 10-Ks for the state's public companies |
To vet a local firm, confirm the entity is in good standing with the Secretary of State, check that it holds any license Denver requires for its trade at its address, and for regulated professions check the state licensing board too.
Prospecting Denver companies
Denver's largest sector is a seller's natural target: thousands of professional firms, most with 10 to 99 people, concentrated in two counties.
Illustrative example. The company, rates and results are fictional; the counts are from County Business Patterns.
Front Range Design Risk (frdesignrisk.example) brokers professional liability insurance for architecture and engineering firms.
- Architecture, engineering and related services establishments (NAICS 5413) with 10 to 99 employees: Denver County 84 + 68 + 43 = 195; Arapahoe 44 + 43 + 13 = 100; Jefferson 64 + 45 + 15 = 124.
- Total: 419 firms, before Douglas and Adams counties.
- It assumes a third renew within any six-month window: about 140 live renewals to work each half year.
- Winning one in ten of those is 14 new clients a half year, at an average premium it can quote.
It targets principals and chief operating officers, who sign off on coverage, and times outreach 90 to 120 days before policy renewal dates. Working out which of 419 firms are independent, which are branch offices of national firms that buy coverage at headquarters, and who the principal is, is the research Bebop does for each account.
Subject: [Firm]'s professional liability renewal Hi [first name], Design firms in Denver your size are seeing professional liability quotes move faster than revenue, especially on public and multifamily work. We place coverage only for architects and engineers, and we start 120 days before renewal so you see options before the deadline. Could I send a short benchmark of what firms of [number] people are paying? [Your name], Front Range Design Risk
Next step: see the statewide picture in businesses in Colorado.
Sources
- County Business Patterns 2023, US Census Bureau, accessed 30 October 2026
- City and County of Denver 2025 Annual Comprehensive Financial Report (Principal Employers), City and County of Denver, 26 June 2026
- Business Database Search, Colorado Secretary of State, accessed 30 October 2026
- Business Licensing, City and County of Denver, accessed 30 October 2026
- Major Employers in Denver South, Denver South, accessed 30 October 2026
- Arrow Electronics annual report on Form 10-K, fiscal year ended 31 December 2025, Arrow Electronics (SEC EDGAR), 11 February 2026
- Newmont annual report on Form 10-K, fiscal year ended 31 December 2025, Newmont (SEC EDGAR), 19 February 2026
- EchoStar annual report on Form 10-K, fiscal year ended 31 December 2025, EchoStar (SEC EDGAR), 2 March 2026
- DaVita annual report on Form 10-K, fiscal year ended 31 December 2025, DaVita (SEC EDGAR), 11 February 2026
- Ball Corporation annual report on Form 10-K, fiscal year ended 31 December 2025, Ball Corporation (SEC EDGAR), 19 February 2026
- Molson Coors Beverage Company annual report on Form 10-K, fiscal year ended 31 December 2025, Molson Coors Beverage Company (SEC EDGAR), 18 February 2026
- VF Corporation annual report on Form 10-K, fiscal year ended 28 March 2026, VF Corporation (SEC EDGAR), 20 May 2026
- Ovintiv annual report on Form 10-K, fiscal year ended 31 December 2025, Ovintiv (SEC EDGAR), 23 February 2026
- Antero Resources annual report on Form 10-K, fiscal year ended 31 December 2025, Antero Resources (SEC EDGAR), 11 February 2026
- Liberty Media annual report on Form 10-K, fiscal year ended 31 December 2025, Liberty Media (SEC EDGAR), 26 February 2026
- Palantir Technologies annual report on Form 10-K, fiscal year ended 31 December 2025, Palantir Technologies (SEC EDGAR), 17 February 2026
Written by the Bebop team at Blackpearl Group. Published .
Questions people ask
How many businesses are in Denver?
The Census Bureau counted 91,522 business establishments with paid employees in the Denver-Aurora-Centennial metro in 2023, employing 1,419,833 people. Denver County, which is the same as the city, had 27,422 establishments and 489,563 employees. Most are small: 54,229 had fewer than five employees, and 84 had 1,000 or more.
Who are the largest employers in Denver?
In the City and County of Denver's 2025 financial report, based on Occupational Privilege Tax filings, the largest employers in the city are the City and County of Denver (13,681), Denver Public Schools (13,367), the State of Colorado (11,528), United Airlines (11,007) and Denver Health (8,334). HCA HealthONE, Southwest Airlines, the USDA National Finance Center, the University of Denver and ADP TotalSource complete the top ten.
What big companies are headquartered in Denver?
In the city of Denver, the largest headquarters by revenue in their latest 10-Ks are Newmont ($22.67 billion), DaVita ($13.64 billion), VF Corporation ($9.61 billion), Ovintiv ($8.91 billion) and Antero Resources ($5.28 billion). In the suburbs, Arrow Electronics (Centennial), EchoStar (Englewood), Ball (Westminster) and Molson Coors (Golden) are larger still or close behind.
How do I look up a business in Denver?
Search the Colorado Secretary of State's business database by name, trade name or ID to see whether the entity is in good standing and who its registered agent is. Then use Denver Business Licensing's directory and address check to confirm it holds any city license its trade requires. Public companies' annual reports are on SEC EDGAR.