The biggest companies in Minnesota: 25 headquarters by revenue, with their Minnesota headcount

This ranking is for readers who need Minnesota's big headquarters in order: job seekers, suppliers selling to corporate buyers, investors and B2B sellers planning enterprise accounts. For the state's whole business market and how to check a company, see companies in Minnesota.

The 25 biggest companies headquartered in Minnesota

Revenue and company-wide headcount come from each company's latest 10-K, and the headquarters city from its cover page. The Minnesota headcount is from the Minnesota Department of Employment and Economic Development's (DEED) list of the state's largest employers, which draws on the Minneapolis/St. Paul Business Journal's October 2025 survey; a dash means the company isn't among the 60 on that list.

U.S. Bancorp's revenue is total net revenue. CHS's fiscal year ended August 31, 2025. Target's company-wide figure comes from its 10-K's statement that it has over 400,000 team members; Life Time's includes over 33,000 part-time employees. Northern Oil and Gas is a non-operator that participates in wells run by third parties, which is how $2.5 billion of revenue needs only 64 full-time employees.

Who's missing, and why

If you define a Minnesota company by where it runs its business rather than its legal headquarters, Travelers and Medtronic belong near the top. DEED's list counts 10,259 Medtronic employees and 2,278 Travelers employees in Minnesota.

Fortune 500 companies in Minnesota

DEED's top-companies file lists 17 Minnesota companies on the 2025 Fortune 500: 3M, Ameriprise Financial, Best Buy, C.H. Robinson, CHS, Ecolab, Fastenal, General Mills, Hormel Foods, Land O'Lakes, Securian Financial Group, Solventum, Target, Thrivent Financial for Lutherans, U.S. Bancorp, UnitedHealth Group and Xcel Energy. Land O'Lakes, Securian and Thrivent aren't SEC-listed companies, so they don't appear in the table above. The same file lists seven Minnesota companies from Forbes' 2025 list of the largest private companies, among them Cargill, Mortenson, Andersen Corporation, DigiKey and Ryan Companies. Use Fortune's and Forbes' sites for their ranks.

Where Minnesota's headquarters are

Twelve of the 25 are in Minneapolis or St. Paul. Eleven are in Twin Cities suburbs: three in Eden Prairie (UnitedHealth Group, C.H. Robinson and Winnebago) and one each in Richfield, Inver Grove Heights, Maplewood, New Brighton, Bloomington, Medina, Chanhassen and Minnetonka. Two are outside the metro altogether: Hormel in Austin and Fastenal in Winona. For sellers, that means a car is as useful as a downtown office: the corporate campuses that buy the most are spread across the suburbs.

Selling to Minnesota's biggest companies

These companies run mature procurement: supplier registration, security and insurance reviews, and payment terms set by the buyer. Two things in the 10-K help you plan. The fiscal year sets the budget calendar (Target's and Best Buy's end in January, General Mills' in May, Donaldson's in July, CHS's in August), and the segments tell you which business units hold separate budgets. The Minnesota headcount column tells you where a company's local footprint is large enough to justify local services.

Illustrative example. The seller, rates and results are fictional; the company figures are from the table.

Lakeside Offsites (lakesideoffsites.example) runs one- and two-day leadership offsites at venues west of Minneapolis and wants headquarters with large Minnesota workforces.

• From the table it picks the 12 ranked companies with 2,900 or more Minnesota employees, from Target (35,000) down to Ecolab (2,900).
• Together they employ about 110,700 Minnesotans.
• It assumes one offsite a year per 1,000 local employees, so about 110 events a year across the 12; winning 10% would mean roughly 11 events.
• It targets chiefs of staff and heads of leadership development, who book offsites, rather than procurement.

Bebop can find those people at each of the 12 and draft outreach that references each company's own priorities from its 10-K.

Subject: [Company]'s next leadership offsite

Hi [first name],

Planning an offsite for [team] usually means three venues, two caterers and a facilitator, all booked separately. We do all of it at one lakeside venue 30 minutes from [Eden Prairie / downtown].

We've run leadership offsites for Twin Cities teams of 20 to 120 people. Could I send two dates and a sample agenda for your next one?

[Your name], Lakeside Offsites

Next step: prepare for accounts like these with enterprise account research.