Companies in Denver: 91,522 businesses, the city's biggest employers and the headquarters behind them

Denver is a professional-services town more than a big-company town. One in six of the metro's 91,522 workplaces is a professional-services firm, from law and accounting to engineering, IT and consulting, and the city's largest private employer isn't headquartered here at all: it's United Airlines.

Market report6 min readPublished

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

MeasureDenver-Aurora-Centennial metro, 2023
Establishments with paid employees91,522
Employees1,419,833
Annual payroll$109,086,172,000
Average annual pay$76,830
Average employees per establishment15.5
Share of US establishments1.09%
Employees at the establishmentEstablishments
1 to 454,229
5 to 913,996
10 to 1910,479
20 to 497,857
50 to 992,713
100 to 2491,620
250 to 499405
500 to 999139
1,000 or more84

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

CountyEstablishmentsEmployeesEmployees per establishment
Denver27,422489,56317.9
Arapahoe20,137321,81016.0
Jefferson17,999210,70111.7
Adams11,319207,22718.3
Douglas10,563132,49912.5
Broomfield2,33745,13619.3
Elbert7223,4744.8
Park5391,8663.5

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)EstablishmentsEmployeesAverage pay
Professional, scientific and technical services (54)15,561145,828$112,699
Health care and social assistance (62)10,010192,464$68,744
Construction (23)9,143102,402$82,318
Retail trade (44 to 45)8,583149,427$42,229
Accommodation and food services (72)7,349152,196$32,703
Finance and insurance (52)5,88080,270$116,194
Information (51)2,05066,048$155,348
Corporate and regional managing offices (551114)56454,050$120,602
Oil and gas extraction (211)1663,347$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:

RankEmployerEmployees in Denver, 2025Employees, 2016
1City and County of Denver13,68110,781
2Denver Public Schools13,36712,924
3State of Colorado11,5289,588
4United Airlines11,0075,777
5Denver Health and Hospital Authority8,3346,541
6HCA HealthONE4,7454,196
7Southwest Airlines4,569not in top 10
8USDA National Finance Center4,4163,852
9University of Denver4,2053,866
10ADP TotalSource2,365not 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

CompanyHeadquartersRevenue, latest 10-K
Arrow ElectronicsCentennial$30.85 billion (2025)
NewmontDenver$22.67 billion (2025)
EchoStarEnglewood$15.00 billion (2025)
DaVitaDenver$13.64 billion (2025)
Ball CorporationWestminster$13.16 billion (2025)
Molson Coors BeverageGolden$11.14 billion net sales (2025)
VF CorporationDenver$9.61 billion (year to March 2026)
OvintivDenver$8.91 billion (2025)
Antero ResourcesDenver$5.28 billion (2025)
Liberty MediaEnglewood$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

SourceWhat it's good for
Colorado Secretary of State business databaseSearch by name, trade name or ID for an entity's status, registered agent and filings
Denver Business LicensingThe city's license directory, application status and a check of whether an address holds a license
Denver Metro Chamber of CommerceMember businesses and regional events
Metro Denver Economic Development CorporationIndustry cluster studies and economic indicators for the region
Denver South major employersThe large private employers in the southern suburbs, by industry
SEC EDGAR, Colorado filers10-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.

  1. 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.
  2. Total: 419 firms, before Douglas and Adams counties.
  3. It assumes a third renew within any six-month window: about 140 live renewals to work each half year.
  4. 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.

Email to a principal at a Denver architecture or engineering firm
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

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.

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