Businesses in Tennessee: 150,129 workplaces and the 25 biggest public headquarters, from Memphis to Kingsport

Tennessee's workplaces average 19.8 employees, more than Missouri's 17.4 or Oklahoma's 14.9, because the state runs on hospitals, distribution centers and factories. Its 25 largest public headquarters split two ways: Memphis ships and sells, while the Nashville suburbs of Brentwood and Franklin run hospital and care companies.

Market report8 min readPublished

Tennessee had 150,129 business establishments with paid employees in 2023, employing 2,971,417 people, according to the Census Bureau. The largest public companies headquartered in the state, by revenue in their latest 10-Ks, are FedEx of Memphis ($94.72 billion for the year to May 2026), HCA Healthcare of Nashville ($75.60 billion), Dollar General of Goodlettsville ($42.72 billion), International Paper of Memphis ($23.63 billion) and AutoZone of Memphis ($20.34 billion).

  • The 25 largest Tennessee headquarters reported $377.15 billion; FedEx, HCA and Dollar General are 56.5% of it.
  • Nashville-area companies reported $203.47 billion and Memphis-area companies $151.85 billion.
  • Williamson County is home to nine of the 25, six of them in Brentwood.
  • Admin and staffing services run 34 of the state's 212 workplaces with 1,000 or more employees, as many as manufacturing.
  • Shelby County has 177 of Tennessee's 605 warehouses and 19,200 warehouse jobs.
On this page

This page is for anyone who needs to find or size businesses in Tennessee: suppliers and partners, job seekers, researchers and B2B sellers working out how to cover a state with four distinct metros. It covers the Census count of businesses by county and sector, the 25 biggest public headquarters, the largest employers in the Nashville area, the state's business records, and a worked example for selling to Memphis-area distribution centers.

How many businesses are in Tennessee

The Census Bureau's County Business Patterns (CBP) counts locations with paid employees. For Tennessee in 2023:

MeasureTennessee, 2023
Establishments150,129
Employees2,971,417
Annual payroll$175,817,792,000
Average employees per establishment19.8
Average annual pay$59,170
Share of US establishments1.80% (of 8,361,342)
Rank among states by establishments20
Employees at the establishmentEstablishments
1 to 472,504
5 to 929,750
10 to 1921,441
20 to 4916,499
50 to 995,341
100 to 2493,195
250 to 499868
500 to 999319
1,000 or more212

In bands: 123,695 establishments (82.4%) have 1 to 19 employees, 21,840 have 20 to 99 and 4,594 have 100 or more.

CountyMain cityEstablishmentsEmployeesAverage pay1,000 or more employees
DavidsonNashville22,122526,927$73,37037
ShelbyMemphis19,359446,048$64,54833
KnoxKnoxville12,519242,117$56,28613
HamiltonChattanooga9,883205,761$56,81914
WilliamsonFranklin, Brentwood8,707149,544$78,30815
RutherfordMurfreesboro6,285128,935$53,64310

Davidson and Shelby counties hold 27.6% of establishments and 33 to 37 large workplaces each. Williamson County, south of Nashville, has the highest average pay of the six. Average pay is our calculation from CBP payroll. CBP counts locations rather than companies and leaves out the self-employed and government, and it measures employment in the pay period including March 12, 2023.

The 25 biggest companies headquartered in Tennessee

Ranked by revenue in each company's latest annual report on Form 10-K, with the head office from its cover page:

RankCompanyHeadquartersRevenueYear endedEmployees
1FedExMemphis$94.72 billionMay 2026about 452,000 at Federal Express
2HCA HealthcareNashville$75.60 billionDec 2025about 320,000
3Dollar GeneralGoodlettsville$42.72 billionJan 2026about 194,000
4International PaperMemphis$23.63 billionDec 2025about 62,602
5AutoZoneMemphis$20.34 billionAug 2026about 132,000
6Tractor SupplyBrentwood$15.52 billionDec 2025about 52,000
7LKQAntioch (Nashville)$13.65 billionDec 2025about 44,000
8Unum GroupChattanooga$13.08 billionDec 202510,910
9Community Health SystemsFranklin$12.49 billionDec 2025about 57,000
10Delek US HoldingsBrentwood$10.72 billionDec 20251,902 full-time
11Eastman ChemicalKingsport$8.75 billionDec 2025about 13,000
12Ardent HealthBrentwood$6.32 billionDec 2025about 25,200
13Mueller IndustriesCollierville$4.18 billionDec 2025about 4,832
14First HorizonMemphis$3.42 billionDec 20257,404
15Kaiser AluminumFranklin$3.37 billionDec 20253,840
16SylvamoMemphis$3.35 billionDec 2025over 6,500
17Cracker Barrel Old Country StoreLebanon$3.32 billionJul 2026about 74,500
18Acadia HealthcareFranklin$3.31 billionDec 2025about 25,000
19Surgery PartnersBrentwood$3.31 billionDec 2025about 16,000
20Brookdale Senior LivingBrentwood$3.19 billionDec 2025about 33,000
21Louisiana-PacificNashville$2.71 billionDec 2025about 4,300
22Ryman Hospitality PropertiesNashville$2.58 billionDec 20251,819 (entertainment and corporate)
23GenescoNashville$2.44 billionJan 2026about 16,000
24CoreCivicBrentwood$2.21 billionDec 202513,651
25Mid-America Apartment CommunitiesGermantown$2.21 billionDec 20252,507

First Horizon's revenue is net interest income plus noninterest income. FedEx's 10-K gives headcounts by operating company; Federal Express alone had about 233,000 full-time and 219,000 part-time employees in May 2026. Dollar General's figure is as of February 27, 2026. Tractor Supply's figure is about 26,000 full-time and 26,000 part-time team members. FedEx Freight Holding, also in Memphis, reported $8.80 billion for the same year to May 2026, but it earned that as part of FedEx before FedEx completed the spin-off on 1 June 2026, so it isn't ranked separately here.

MetroHeadquarters in the top 25Combined revenue
Nashville16$203.47 billion
Memphis7$151.85 billion
Chattanooga1 (Unum)$13.08 billion
Kingsport1 (Eastman)$8.75 billion

Six of the Nashville 16 run hospitals, behavioral health, surgery centers or senior living (HCA, Community Health, Ardent, Acadia, Surgery Partners and Brookdale), with $104.23 billion of revenue between them. Memphis's seven lean toward logistics, paper and retail. For each metro in detail, see companies in Nashville, companies in Memphis and companies in Chattanooga.

Who employs the most people in the Nashville area

The Metropolitan Government of Nashville and Davidson County publishes the area's principal employers in its financial report for the year ended June 30, 2025, using Nashville Area Chamber of Commerce and Nashville Business Journal figures for the metro:

RankEmployerEmployees, 2025Employees, 2016
1Vanderbilt University41,28424,719
2State of Tennessee28,18517,219
3HCA Healthcare27,7007,000
4Metro Nashville-Davidson County Government and Public Schools22,32218,820
5U.S. Government14,67812,225
6Amazon13,200not in top ten
7Ascension Saint Thomas10,0697,100
8Kroger8,100not in top ten
9Nissan North America7,25010,900
10Western Express5,148not in top ten

The ten employ 177,936 people, 15.73% of the metro's employment. HCA's local headcount nearly quadrupled on this measure, while Nissan's fell by 3,650. Community Health Systems, Asurion and Randstad have dropped out of the top ten since 2016.

What Tennessee businesses do

Sector (NAICS)EstablishmentsEmployeesAverage pay
Retail trade (44 to 45)23,463349,855$36,427
Health care and social assistance (62)17,524455,877$67,563
Accommodation and food services (72)15,443321,203$24,644
Construction (23)12,692145,006$71,077
Professional, scientific and technical services (54)12,568141,886$92,105
Finance and insurance (52)9,913137,754$96,419
Administrative and support services (56)8,258292,794$43,410
Manufacturing (31 to 33)5,787357,878$66,056
Transportation and warehousing (48 to 49)5,285188,529$56,846
Management of companies (55)1,311118,357$106,248

Big workplaces define the state. Health care has 46 of the 212 private establishments with 1,000 or more employees, manufacturing 34 and administrative and support services another 34, most of them employment services (149,084 employees at 1,266 establishments) that staff warehouses and plants. The 1,311 corporate and regional head offices in management of companies employ 118,357 people at average pay of $106,248, 20 of them with 1,000 or more staff. Warehousing and storage (NAICS 4931) has 605 establishments and 52,817 employees, a figure the Census Bureau flags as moderately affected by its confidentiality noise. For the sectors in detail, see manufacturing companies in Tennessee and trucking companies in Tennessee.

How to look up a Tennessee business

SourceWhat it's good for
Tennessee Secretary of State business entity searchWhether a corporation or LLC is registered and active, its registered agent and annual reports
Board for Licensing ContractorsContractor licenses and the rules for commercial and residential work
Jobs4TNThe state's job and labor market information portal
Tennessee Department of Economic and Community DevelopmentIndustry profiles, site data and recent business recruitments
Nashville Area Chamber of CommerceMember businesses and the regional research center
SEC EDGAR, Tennessee 10-K filersAnnual reports for the public companies above

Tennessee cities and counties issue their own business licenses, so a supplier should hold one where it operates as well as a state registration.

Prospecting Memphis-area distribution centers

Memphis is where Tennessee's warehouses cluster: Shelby County has 177 of the state's 605 warehousing establishments and 19,200 of their employees, and 4 of its warehouses have 1,000 or more staff. Operators buy maintenance, equipment and labor services site by site, usually through a general manager and a facilities or maintenance manager.

Illustrative example. The company, rates and results are fictional, to show the method.

Bluff City Dock Service (bluffcitydock.example) maintains dock doors, levelers and restraints and wants Tennessee warehouses with 100 or more employees.

  • Warehousing and storage establishments with 100 to 249 employees: 63; 250 to 499: 28; 500 to 999: 14; 1,000 or more: 10. That's 115 buildings statewide.
  • It starts in Shelby County, which has 29.3% of the state's warehouses, and plans on about 35 buildings within an hour of its shop.
  • Eight annual maintenance contracts at $36,000 each would be $288,000.

It targets the facilities or maintenance manager first and the general manager second, and times outreach to peak-season planning in late summer, when operators want doors fixed before volume rises. Finding which operator runs each building, and who owns maintenance there, is the research Bebop does for each account.

Email to a maintenance manager at a Memphis distribution center
Subject: Dock doors at [Site] before peak

Hi [first name],

A dock door or leveler that fails in November costs a building trucks and overtime when it can least afford it.

We maintain doors, levelers and restraints for distribution centers across Shelby and DeSoto counties on a fixed monthly schedule, with same-day repairs. Could we walk your docks for an hour and give you a list of what needs work before peak?

[Your name], Bluff City Dock Service

Next step: turn a market like this into a working list with how to build a prospect list.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

How many businesses are in Tennessee?

The Census Bureau counted 150,129 business establishments with paid employees in Tennessee in 2023, 20th among states, employing 2,971,417 people. Davidson County had 22,122 of them and Shelby County 19,359. The count covers locations rather than companies and leaves out the self-employed and government.

What are the biggest companies in Tennessee?

By revenue in their latest 10-Ks, the largest public companies headquartered in Tennessee are FedEx of Memphis ($94.72 billion for the year to May 2026), HCA Healthcare of Nashville ($75.60 billion), Dollar General of Goodlettsville ($42.72 billion), International Paper of Memphis ($23.63 billion) and AutoZone of Memphis ($20.34 billion). Tractor Supply, LKQ, Unum, Community Health Systems and Delek complete the top ten.

Who is the largest employer in Nashville?

Vanderbilt University, with 41,284 employees in the metro on the Nashville and Davidson County government's 2025 principal employers list, which uses Nashville Area Chamber and Nashville Business Journal figures. The State of Tennessee (28,185) and HCA Healthcare (27,700) are second and third, followed by Metro government and public schools (22,322).

Why are so many healthcare companies in Nashville?

The filings show the cluster rather than the cause. Six of Tennessee's 25 largest public companies run hospitals, behavioral health centers, surgery centers or senior living, and all six are in Nashville, Franklin or Brentwood: HCA, Community Health Systems, Ardent Health, Acadia Healthcare, Surgery Partners and Brookdale. Together they reported $104.23 billion of revenue.

How do I look up a business in Tennessee?

Use the Tennessee Secretary of State's business entity search to confirm a company is registered and active and to see its registered agent and annual reports. Contractors are licensed by the state Board for Licensing Contractors, and cities and counties issue local business licenses. Public companies' annual reports are on SEC EDGAR.

Find the Tennessee businesses that buy what you sell

Describe the companies you want, from Shelby County warehouses to Brentwood head offices. Bebop finds them and the people to contact.

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