Becker Private Equity & Business Podcast
5 Largest U.S. Companies by Revenue 5-20-25
Tue, 20 May 2025
In this episode, Scott Becker breaks down the five largest U.S. companies by revenue—Walmart, Amazon, UnitedHealthcare, Apple, and CVS.
Chapter 1: What are the five largest U.S. companies by revenue?
This is Scott Becker with the Becker Private Equity and Business Podcast. These are the five largest companies in the U.S. by revenue. And I find this fascinating because these companies are also in the news so much. Number one and still king is Walmart. We'll come back to Walmart in a second. Number two is Amazon. Number three is UnitedHealthcare. Number four is Apple. And number five is CVS.
Chapter 2: How has Walmart performed in the market recently?
Chapter 3: What challenges is Walmart facing with tariffs?
So just a few quick notes about a couple of these. Walmart's up 9% year-to-date. It has shown tremendous strength over a very long period of time. It has got itself in a tricky situation now as it tries to describe the impact on tariffs to the markets by taking flak from President Trump as it does so.
Chapter 4: What is the significance of Apple's market cap decline?
It's complicated more by the fact that many of its stores are in red states where President Trump is widely popular, wildly popular. So saying anything that irritates the president can cause you business backlash. So that's fascinating to watch. A note on Apple. Apple has fallen this year to third in market cap.
Number one is Microsoft, and number two is NVIDIA, which has really been surging lately. So you got those two in front of it. And then third is Apple, back above $3.1 trillion or so, $3.2 trillion, right around there in market cap. Just remember, just a year ago, not very long ago, it was flirting with $4 trillion in market cap.
So a significant change from a year ago, and it was number one in market cap. Now it's number three. The third company we're talking about for a moment is United Healthcare. United Healthcare is down 42% this year. It seems like it's had nothing but bad news. Its most recent CEO, Andrew Witte, just decided to leave the company, to resign. It stopped giving guidance for the year.
It's got a Medicare Advantage fraud investigation going. It's had a tough, tough year. Those are the five largest companies by revenues. Thank you for listening to the Becker Private Equity and Business Podcast. Again, you got Walmart. Amazon, United, Apple, and CVS Health. Thank you for listening to the Becker Private Equity Business Podcast.