| Rank | Company | Sector | Rev / Employee | Employees | Revenue |
|---|---|---|---|---|---|
| 1 | Devon Energy CorporationDVN | Energy | $7,290,000 | 2,200 | $16.04B |
| 2 | Cencora, Inc.COR | Healthcare | $6,931,442 | 47,000 | $325.78B |
| 3 | EOG Resources, Inc.EOG | Energy | $6,662,941 | 3,400 | $22.65B |
| 4 | Coterra Energy Inc.CTRA | Energy | $6,503,256 | 1,075 | $6.99B |
| 5 | ConocoPhillipsCOP | Energy | $6,088,788 | 9,900 | $60.28B |
| 6 | Alexandria Real Estate Equities, Inc.ARE | Real Estate | $5,869,504 | 514 | $3.02B |
| 7 | Everest Group, Ltd.EG | Financial Services | $5,724,869 | 3,064 | $17.54B |
| 8 | Exxon Mobil CorporationXOM | Energy | $5,594,214 | 57,900 | $323.9B |
| 9 | EQT CorporationEQT | Energy | $5,371,451 | 1,523 | $8.18B |
| 10 | Apollo Global Management, Inc.APO | Financial Services | $5,178,013 | 6,140 | $31.79B |
| 11 | Cardinal Health, Inc.CAH | Healthcare | $4,609,167 | 53,084 | $244.67B |
| 12 | Chevron CorporationCVX | Energy | $4,290,388 | 43,039 | $184.65B |
| 13 | The Cigna GroupCI | Healthcare | $4,186,146 | 65,669 | $274.9B |
| 14 | BXP, Inc.BXP | Real Estate | $3,817,295 | 826 | $3.15B |
| 15 | Altria Group, Inc.MO | Consumer Defensive | $3,413,390 | 5,900 | $20.14B |
| 16 | Centene CorporationCNC | Healthcare | $2,882,995 | 61,100 | $176.15B |
| 17 | Crown Castle Inc.CCI | Real Estate | $2,842,667 | 1,500 | $4.26B |
| 18 | Blackstone Inc.BX | Financial Services | $2,689,276 | 5,285 | $14.21B |
| 19 | CF Industries Holdings, Inc.CF | Basic Materials | $2,442,759 | 2,900 | $7.08B |
| 20 | Block, Inc.XYZ | Technology | $2,370,768 | 10,205 | $24.19B |
| 21 | D.R. Horton, Inc.DHI | Consumer Cyclical | $2,337,654 | 14,341 | $33.52B |
| 22 | American Tower CorporationAMT | Real Estate | $2,187,546 | 4,866 | $10.64B |
| 23 | Elevance Health, Inc.ELV | Healthcare | $2,071,446 | 96,129 | $199.13B |
| 24 | Bunge Global SABG | Consumer Defensive | $2,068,500 | 34,000 | $70.33B |
| 25 | Archer-Daniels-Midland CompanyADM | Consumer Defensive | $1,967,474 | 40,798 | $80.27B |
| 26 | CVS Health CorporationCVS | Healthcare | $1,825,726 | 219,000 | $399.83B |
| 27 | Arista Networks, Inc.ANET | Technology | $1,760,645 | 5,115 | $9.01B |
| 28 | DTE Energy CompanyDTE | Utilities | $1,638,756 | 9,650 | $15.81B |
| 29 | Bristol-Myers Squibb CompanyBMY | Healthcare | $1,482,892 | 32,500 | $48.19B |
| 30 | The AES CorporationAES | Utilities | $1,467,490 | 8,336 | $12.23B |
| 31 | Digital Realty Trust, Inc.DLR | Real Estate | $1,420,062 | 4,282 | $6.08B |
| 32 | Ares Management CorporationARES | Financial Services | $1,412,020 | 3,967 | $5.6B |
| 33 | Edison InternationalEIX | Utilities | $1,407,432 | 13,725 | $19.32B |
| 34 | Ameriprise Financial, Inc.AMP | Financial Services | $1,390,515 | 13,600 | $18.91B |
| 35 | Aflac IncorporatedAFL | Financial Services | $1,349,796 | 12,716 | $17.16B |
| 36 | Chubb LimitedCB | Financial Services | $1,325,000 | 45,000 | $59.63B |
| 37 | Equity ResidentialEQR | Real Estate | $1,289,150 | 2,400 | $3.09B |
| 38 | The Allstate CorporationALL | Financial Services | $1,277,075 | 53,000 | $67.68B |
| 39 | Evergy, Inc.EVRG | Utilities | $1,270,859 | 4,691 | $5.96B |
| 40 | Eversource EnergyES | Utilities | $1,262,440 | 10,731 | $13.55B |
| 41 | American International Group, Inc.AIG | Financial Services | $1,204,118 | 22,100 | $26.61B |
| 42 | Duke Energy CorporationDUK | Utilities | $1,202,299 | 26,441 | $31.79B |
| 43 | Dow Inc.DOW | Basic Materials | $1,155,144 | 34,600 | $39.97B |
| 44 | Essex Property Trust, Inc.ESS | Real Estate | $1,147,950 | 1,686 | $1.94B |
| 45 | Church & Dwight Co., Inc.CHD | Consumer Defensive | $1,117,694 | 5,550 | $6.2B |
| 46 | Consolidated Edison, Inc.ED | Utilities | $1,098,072 | 15,407 | $16.92B |
| 47 | Dominion Energy, Inc.D | Utilities | $1,085,921 | 15,200 | $16.51B |
| 48 | AbbVie Inc.ABBV | Healthcare | $1,072,982 | 57,000 | $61.16B |
| 49 | CenterPoint Energy, Inc.CNP | Utilities | $1,064,021 | 8,794 | $9.36B |
| 50 | Entergy CorporationETR | Utilities | $1,058,341 | 12,233 | $12.95B |
| 51 | CMS Energy CorporationCMS | Utilities | $1,022,635 | 8,350 | $8.54B |
| 52 | AvalonBay Communities, Inc.AVB | Real Estate | $1,010,026 | 3,011 | $3.04B |
| 53 | Deckers Outdoor CorporationDECK | Consumer Cyclical | $977,219 | 5,500 | $5.37B |
| 54 | BlackRock, Inc.BLK | Financial Services | $972,530 | 24,900 | $24.22B |
| 55 | Camden Property TrustCPT | Real Estate | $967,541 | 1,640 | $1.59B |
| 56 | Ameren CorporationAEE | Utilities | $950,297 | 8,913 | $8.47B |
| 57 | AT&T Inc.T | Communication Services | $944,509 | 133,030 | $125.65B |
| 58 | The Clorox CompanyCLX | Consumer Defensive | $889,211 | 7,600 | $6.76B |
| 59 | Atmos Energy CorporationATO | Utilities | $887,432 | 5,487 | $4.87B |
| 60 | Constellation Brands, Inc.STZ | Consumer Defensive | $885,189 | 10,600 | $9.38B |
| 61 | Carvana Co.CVNA | Consumer Cyclical | $879,740 | 23,100 | $20.32B |
| 62 | American Express CompanyAXP | Financial Services | $872,044 | 76,800 | $66.97B |
| 63 | Assurant, Inc.AIZ | Financial Services | $865,831 | 14,800 | $12.81B |
| 64 | Ball CorporationBALL | Consumer Cyclical | $822,563 | 16,000 | $13.16B |
| 65 | Corteva, Inc.CTVA | Basic Materials | $809,349 | 21,500 | $17.4B |
| 66 | Domino's Pizza, Inc.DPZ | Consumer Cyclical | $796,773 | 6,200 | $4.94B |
| 67 | The Campbell's CompanyCPB | Consumer Defensive | $741,460 | 13,700 | $10.16B |
| 68 | American Water Works Company, Inc.AWK | Utilities | $734,286 | 7,000 | $5.14B |
| 69 | The Coca-Cola CompanyKO | Consumer Defensive | $727,481 | 65,900 | $47.94B |
| 70 | The Charles Schwab CorporationSCHW | Financial Services | $724,879 | 33,000 | $23.92B |
| 71 | Albemarle CorporationALB | Basic Materials | $659,325 | 7,800 | $5.14B |
| 72 | Deere & CompanyDE | Industrials | $639,275 | 73,100 | $46.73B |
| 73 | Delta Air Lines, Inc.DAL | Industrials | $615,184 | 103,000 | $63.36B |
| 74 | Conagra Brands, Inc.CAG | Consumer Defensive | $613,907 | 18,300 | $11.23B |
| 75 | Colgate-Palmolive CompanyCL | Consumer Defensive | $606,607 | 33,600 | $20.38B |
| 76 | Air Products and Chemicals, Inc.APD | Basic Materials | $578,949 | 21,087 | $12.21B |
| 77 | Ciena CorporationCIEN | Technology | $575,892 | 8,898 | $5.12B |
| 78 | Caterpillar Inc.CAT | Industrials | $572,788 | 118,000 | $67.59B |
| 79 | Builders FirstSource, Inc.BLDR | Industrials | $542,523 | 28,000 | $15.19B |
| 80 | Best Buy Co., Inc.BBY | Consumer Cyclical | $521,138 | 80,000 | $41.69B |
| 81 | Bank of America CorporationBAC | Financial Services | $504,329 | 213,000 | $107.42B |
| 82 | Cummins Inc.CMI | Industrials | $499,555 | 67,400 | $33.67B |
| 83 | The Boeing CompanyBA | Industrials | $491,555 | 182,000 | $89.46B |
| 84 | Broadridge Financial Solutions, Inc.BR | Technology | $478,687 | 15,000 | $7.18B |
| 85 | Carrier Global CorporationCARR | Industrials | $462,702 | 47,000 | $21.75B |
| 86 | DuPont de Nemours, Inc.DD | Basic Materials | $456,600 | 15,000 | $6.85B |
| 87 | CRH plcCRH | Basic Materials | $450,995 | 83,032 | $37.45B |
| 88 | Citizens Financial Group, Inc.CFG | Financial Services | $439,073 | 17,398 | $7.64B |
| 89 | Capital One Financial CorporationCOF | Financial Services | $429,607 | 76,300 | $32.78B |
| 90 | Danaher CorporationDHR | Healthcare | $423,586 | 58,000 | $24.57B |
| 91 | The Bank of New York Mellon CorporationBK | Financial Services | $415,884 | 48,100 | $20B |
| 92 | 3M CompanyMMM | Industrials | $412,364 | 60,500 | $24.95B |
| 93 | Extra Space Storage Inc.EXR | Real Estate | $410,623 | 8,393 | $3.45B |
| 94 | Equifax Inc.EFX | Industrials | $404,967 | 15,000 | $6.07B |
| 95 | Comfort Systems USA, Inc.FIX | Industrials | $400,953 | 22,700 | $9.1B |
| 96 | Agilent Technologies, Inc.A | Healthcare | $392,500 | 18,000 | $7.06B |
| 97 | EMCOR Group, Inc.EME | Industrials | $386,055 | 44,000 | $16.99B |
| 98 | Abbott LaboratoriesABT | Healthcare | $385,461 | 115,000 | $44.33B |
| 99 | Corpay, Inc.CPAY | Technology | $383,763 | 11,800 | $4.53B |
| 100 | Edwards Lifesciences CorporationEW | Healthcare | $379,225 | 16,000 | $6.07B |
| 101 | The Estée Lauder Companies Inc.EL | Consumer Defensive | $362,515 | 40,470 | $14.67B |
| 102 | Boston Scientific CorporationBSX | Healthcare | $340,237 | 59,000 | $20.07B |
| 103 | Dover CorporationDOV | Industrials | $337,190 | 24,000 | $8.09B |
| 104 | Citigroup Inc.C | Financial Services | $335,027 | 226,000 | $75.72B |
| 105 | Ecolab Inc.ECL | Basic Materials | $335,025 | 48,000 | $16.08B |
| 106 | A. O. Smith CorporationAOS | Industrials | $333,061 | 11,500 | $3.83B |
| 107 | AMETEK, Inc.AME | Industrials | $328,939 | 22,500 | $7.4B |
| 108 | Becton, Dickinson and CompanyBDX | Healthcare | $313,200 | 70,000 | $21.92B |
| 109 | Allegion plcALLE | Industrials | $305,812 | 13,300 | $4.07B |
| 110 | Baxter International Inc.BAX | Healthcare | $299,840 | 37,500 | $11.24B |
| 111 | Aon plcAON | Financial Services | $286,350 | 60,000 | $17.18B |
| 112 | Eaton Corporation plcETN | Industrials | $282,088 | 97,303 | $27.45B |
| 113 | CBRE Group, Inc.CBRE | Real Estate | $261,613 | 155,000 | $40.55B |
| 114 | Emerson Electric Co.EMR | Industrials | $256,155 | 71,000 | $18.19B |
| 115 | Amcor plcAMCR | Consumer Cyclical | $254,662 | 77,000 | $19.61B |
| 116 | Avery Dennison CorporationAVY | Consumer Cyclical | $253,014 | 35,000 | $8.86B |
| 117 | Brown & Brown, Inc.BRO | Financial Services | $251,791 | 22,888 | $5.76B |
| 118 | AutoZone, Inc.AZO | Consumer Cyclical | $251,408 | 78,000 | $19.61B |
| 119 | Corning IncorporatedGLW | Technology | $232,574 | 67,200 | $15.63B |
| 120 | Charles River Laboratories International, Inc.CRL | Healthcare | $219,420 | 18,300 | $4.02B |
| 121 | Dollar General CorporationDG | Consumer Defensive | $216,878 | 194,200 | $42.12B |
| 122 | Arthur J. Gallagher & Co.AJG | Financial Services | $180,681 | 72,000 | $13.01B |
| 123 | DaVita Inc.DVA | Healthcare | $174,911 | 78,000 | $13.64B |
| 124 | Carnival Corporation & plcCCL | Consumer Cyclical | $166,387 | 160,000 | $26.62B |
| 125 | Aptiv PLCAPTV | Consumer Cyclical | $145,700 | 140,000 | $20.4B |
| 126 | Amphenol CorporationAPH | Technology | $135,851 | 170,000 | $23.09B |
| 127 | Chipotle Mexican Grill, Inc.CMG | Consumer Cyclical | $91,523 | 130,301 | $11.93B |
| 128 | Accenture plcACN | Technology | $90,211 | 784,000 | $70.73B |
| 129 | EPAM Systems, Inc.EPAM | Technology | $86,827 | 62,850 | $5.46B |
| 130 | Darden Restaurants, Inc.DRI | Consumer Cyclical | $63,542 | 197,924 | $12.58B |
Based on our 2026 dataset, Devon Energy Corporation (DVN) leads with an impressive $7.29 million in revenue per employee. This metric often highlights companies with highly scalable business models or significant automation.
A "good" ratio varies dramatically by sector. Retail and hospitality typically see $50,000 to $100,000 per employee due to high headcount requirements. In contrast, technology, financial, and energy sectors often target $500,000 to over $1,000,000 per employee. Investors should compare companies against their direct peers rather than the broader market.
Energy companies operate asset-heavy business models where revenue is primarily driven by commodity extraction, processing, and market prices rather than human capital. A small team operating a major refinery or pipeline can generate billions in revenue, mathematically inflating the per-employee metric.
Sectors with high operating leverage (Energy, Real Estate, Technology) typically show the highest figures. Labor-intensive sectors (Consumer Discretionary, Industrials) generally rank lower. This discrepancy reflects different fundamental business models—capital-intensive vs. labor-intensive—rather than absolute management quality.
It is an excellent supplementary metric for evaluating operational efficiency and scalability, particularly when comparing companies within the same sub-industry. However, it should not be used in isolation, as it doesn't account for profit margins, capital expenditures, or the use of external contractors.
Data was collected and analyzed in 2026. Companies with missing or unreliable employee counts were excluded from the dataset. We filtered for companies generating between $10,000 and $50,000,000 per employee to remove extreme outliers caused by holding companies or recent restructurings.
This study provides data and analysis for informational purposes only. Metrics like revenue per employee do not guarantee future performance and do not represent a complete fundamental analysis. Nothing here constitutes investment advice. Always conduct your own research.
Westmount Fundamentals. "Revenue Per Employee: The Most Efficient Companies in the...." westmountfundamentals.com/revenue-per-employee, 2026.