Forbes list names H-E-B as the 6th-largest private company in the U.S. (2024)

H-E-B is among the top 10 largest private companies in the United States, according to a new list from Forbes that includes a total of 20 Texas businesses.

The San Antonio-based grocery chain was Texas’ sole top-10 entry on Forbes’ Largest Private Companies List for 2022, ranking at No. 6 with $38.9 billion in revenue for the fiscal year.

H-E-B is also the third-largest employer on the list, with 145,000 employees. Based in San Antonio, the supermarket chain opened two new North Texas locations this year — one in Frisco and one in Plano.

The chain dropped one spot from the 2021 list, which ranked the company at No. 5.

Eleven of the top companies are in the Dallas-Fort Worth Metroplex. Grand Prairie’s Republic National Distributing Company follows H-E-B at No. 34 with $12.1 billion in revenue. Other notable entries include the parent company of Michaels — headquartered in Irving — at 93, and Dallas-based Neiman Marcus Group at 107.

Outside of North Texas, The Friedkin Group, based in Houston, came it at No. 42 with $10.7 billion.

This is the largest Forbes Private Companies list since 2008, according to the company, with 246 entries. Since then, Forbes has raised the minimum revenue requirement to $2 billion.

Forbes list names H-E-B as the 6th-largest private company in the U.S. (2024)

FAQs

Forbes list names H-E-B as the 6th-largest private company in the U.S.? ›

The San Antonio-based grocery chain was Texas' sole top-10 entry on Forbes' Largest Private Companies List for 2022, ranking at No. 6 with $38.9 billion in revenue for the fiscal year. H-E-B is also the third-largest employer on the list, with 145,000 employees.

Is H-E-B on the Forbes list? ›

H-E-B has been landing on a lot of Forbes lists this year, including one that we've seen the family behind the grocery stores fall on before. The Butt family, which is credited with founding Texas' grocery store giant, was ranked No. 20 on Forbes list of richest families in America for 2024.

What is the 6th largest privately owned organization in the United States? ›

Forbes list names H-E-B as the 6th-largest private company in the U.S.

What is the H-E-B ranking among US private companies? ›

Forbes ranked H-E-B fifth on its America's Largest Private Companies list with the grocery market chain having a revenue of $43.6 billion for the previous fiscal year. H-E-B was the No. 1-ranked company from Texas and the second-highest ranked "Food Market" company after Publix Super Markets.

Is H-E-B the largest private company? ›

The company also operates Central Market, an upscale organic and fine foods retailer. As of 2022, the company had a total revenue of US$38.9 billion. H-E-B ranked number 6 on Forbes' 2022 list of "America's Largest Private Companies".

Where does H-E-B rank in the US? ›

H-E-B was named the top U.S. grocery retailer in an influential grocery industry ranking released Thursday. The San Antonio-based supermarket retailer with annual sales of $43 billion became the first grocer to be recognized three times as No. 1 in the nationwide Dunnhumby retailer preference index.

Is H-E-B bigger than Walmart? ›

Texans are voting with their dollars, too: In 2022, Walmart was easily the nation's most popular grocer, commanding a 25.2 percent market share, compared with H-E-B's 2.3 percent. But in the state, H-E-B has shown it can keep Walmart — the world's largest company by revenue and its largest food retailer — at bay.

What is the 6th largest company in the world? ›

  • #1 Walmart Inc. ( WMT)
  • #2 Amazon.com Inc. ( AMZN)
  • #2 China Petroleum & Chemical Corp. ( SNP)
  • #4 PetroChina Co. Ltd. ( PCCYF)
  • #5 Apple Inc. ( AAPL)
  • #6 Exxon Mobil Corp. ( XOM)
  • #7 Shell PLC (SHEL)
  • #8 CVS Health Corp. ( CVS)

What are the top 5 largest private companies? ›

10 America's Largest Private Companies 2024
RankNameIndustry
1CargillFood, Soft Beverages, Alcohol & Tobacco
2Koch IndustriesMulti-company
3Publix Super MarketsFood Markets
4MarsFood & Drink
6 more rows
Jan 29, 2024

Who is the largest privately owned company in the US? ›

Cargill kept its number one spot for the third consecutive year. Koch Industries, Publix Supermarket and Mars take the 2nd, 3rd and 4th spots respectively, the same ranks as last year. Texas-based supermarket chain H-E-B moved back into the top five after dropping to No. 6 in 2022.

Who is H-E-B's biggest competitor? ›

H-E-B main competitors are Hannaford Supermarkets, The Fresh Market, and Safeway. Competitor Summary. See how H-E-B compares to its main competitors: Jewel-Osco has the most employees (265,000).

Is H-E-B the best in the US? ›

The Texas-based grocery chain tied for best supermarket in the country. TEXAS, USA — For most Texans, there's no grocery store quite like H-E-B. Based on a recent survey conducted by the American Customer Satisfaction Index (ACSI), H-E-B tied for best in the country this year against 19 total companies.

Is H-E-B the best grocery store in the US? ›

H-E-B named America's top grocer in annual report

The seventh annual Dunhumby Retailer Preference Index placed H-E-B at the top spot for having the strongest customer value proposition in the long term. It's the grocer's third time at No. 1, beating out Amazon and Trader Joe's which both received the top place twice.

Is the owner of H-E-B a billionaire? ›

As of March 26, 2024, H-E-B's Charles Butt and his family rank No. 159 on the Bloomberg Billionaires Index. H-E-B CEO Charles Butt and family have made the cut to join the richest 200 parties in the world on the Bloomberg Billionaires Index. The family behind the San Antonio-based grocery giant sat at No.

Who is H-E-B owned by? ›

The Butt family owns an estimated 90% Texas-based grocery chain H-E-B. The company has over 400 locations in Texas and Mexico and reported $43.6 billion of revenue for fiscal 2023. Florence Butt founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work.

Is H-E-B still privately owned? ›

H-E-B Digital sits in a truly unique space in the market - we're a technology organization within a century-old, cash-positive, privately-held company - the 12th largest privately-held company in the country.

Is H-E-B voted the best place to work? ›

By Melissa Manno, Staff writerUpdated Sep 4, 2023 4:06 p.m. San Antonio-based H-E-B was ranked the second-best employer in Texas by Forbes magazine. San Antonio-based H-E-B is the second best place to work in the Lone Star State, according to new rankings released by Forbes.

Is H-E-B a billion dollar company? ›

H-E-B is back in the top five in the latest Forbes ranking of America's largest privately owned companies — and still the biggest among the 20 Texas-based companies on the 2023 list. The San Antonio grocer's revenue rose to $43.6 billion, the magazine said — up from $38.9 billion a year ago, when it slipped to No.

What is the financial performance of H-E-B? ›

The San Antonio-based grocery chain was Texas' sole top-10 entry on Forbes' Largest Private Companies List for 2022, ranking at No. 6 with $38.9 billion in revenue for the fiscal year. H-E-B is also the third-largest employer on the list, with 145,000 employees.

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