We have completed our database updates for Q4 2024 with 390 updates and here’s a snapshot of what we are seeing at the end of the year:
- During Q4 2024, 63 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 1,147 private companies in the Global 5000.
During Q4, 63 companies were added – here are the 5 largest additions:
- Metallurgical Corp. of China Ltd.
- Guangzhou Industrial Investment Holdings
- GE Vemova, Inc. (spun off as part of the GE breakup)
- Yunnan Copper Co. Ltd.
- International Holding Co. of Dubai
And the big players removed from the Global 5000 during the quarter include:
- Fonciere Euris SA which is owned by Finatis
- Vitesco Technologies which merged with Schaeffler AG
- Marathon Oil Corp was acquired by ConocoPhillips
- Boral Limited sold its US Operations and resulting annual revenue is now too small for the Global 5000
- Chico’s FAS is now part of KnitWell along with other named brands
Always a lot of change. With all these changes we updated our 2023 rankings for all the Global 5000 companies
Other update info —
In Q4 we start the posting of 2024 revenue. The bulk or the 2024 revenue will begin being reported by corporations toward the end of Q1 and beginning of Q2. Companies with a Fiscal Year ending in June and going forward are reported in our system as 2024 revenue
When 2024 is finally tallied it will be interesting to see where the revenue growth lands for Global 5000 companies. Here’s the trend line for revenue growth over the past 3 years – of course, greatly skewed by 2021 as we came out of the global COVID pandemic
- 2021 = 19%
- 2022 = 7%
- 2023 = 1%
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.