We have completed our database updates for Q3 2024, completing 1400 updates and here’s a snapshot of what we are seeing at the mid-year point:
- During Q3 2024, 33 new companies were added to the Global 5000
- Currently, the Global 5000 companies report revenue exceeding $76.8 trillion.
- They employ over 171 million people.
- The average revenue per employee for these companies is $448,000.
- There are 1,150 private companies in the Global 5000.
During Q2, 33 companies were added – here are the 5 largest additions:
- Sungrow Power Supply a $10 bln Chinese electrical equipment company
- IRPC PCL, the Thailand based chemical company
- Wiwynn Corp – a Taiwan cloud server business
- Adaro Energy Indonesia TBK PT – an Indonesian oil & gas company
- Titan Company Ltd, the luxury goods company from India
And the big players removed from the Global 5000 during the quarter include:
- WestRock merged with Smurfit Kappa
- Massmart Holdings Ltd – Walmart acquired remaining shares
- Firmenich SA – merged with DSM
- Autogrill SpA – acquired by Dufry
- Sul America SA s subsidiary of Sulasapar Participacoes S.A.
Always a lot of change.
Key Takeaways —
- Oil was the main factor behind a slow 2023 revenue picture. Oil company total revenue came in at -16% last year compared to 2022 and that helped take down the total Global 5000 revenue. Non-oil industry revenue grew by 3%.
- Companies in Asia Pac countries not named China or Japan are growing faster than most other regions and we see more of these companies each year — and expect that to continue when 2024 revenues get reported.
- M&A is another key factor feeding into market shifts. The healthy number of announcements this year will become completions next year and likely have a significant effect on various market totals.
Also —
In addition to the weekly news headlines, we post the top stories on our home page and post to our LinkedIn page. A recent addition is the availability of the Top 100 lists – check it out.
As always, we thank you for your support for the Global 5000 database and encourage you to reach out with any questions.