The 5 Largest US Companies by Revenue 5-27-26

Summary

---

Becker Private Equity & Business Podcast

Host: Scott Becker
Episode: The 5 Largest US Companies by Revenue 5-27-26
Date: May 27, 2026

---

Brief Overview

In this concise episode, Scott Becker discusses the five largest U.S. companies by revenue as of May 2026. He reflects on their growth trajectories, what unites these corporate giants, and the shifting landscape in both revenue and market capitalization, highlighting industry trends and remarkable company performance.

---

Key Discussion Points & Insights

1. The Top 5 U.S. Companies by Revenue

Timestamp: 00:56–01:20

• List of Companies:
  • Amazon
  • Walmart
  • Apple
  • UnitedHealth Group
  • Alphabet

2. Performance and Growth Dynamics

Timestamp: 01:20–01:54

• Walmart: Once an outperformer, its growth is moderating this year (“only up 8%”).
  • "Walmart was outperforming for so long this year it's only up 8%." — Scott Becker (01:23)
• Amazon: Continues robust growth, “up 15%” this year.
• UnitedHealth Group: Not always in the public eye, but “so huge, so many dollars flow through one way or another.”
  • "UnitedHealthcare People should remember is so huge, so many dollars flow through one way or another." — Scott Becker (01:33)
• CVS Aetna (not in the top five) is acknowledged as a significant but slightly trailing player, currently ranked sixth.

3. Alphabet's Exceptional Growth

Timestamp: 01:54–02:15

• Alphabet (Google): Notable for its rapid increase in both revenue and market capitalization.
  • Now the second-largest in market cap behind Nvidia (“about $4.7 trillion” vs. Nvidia’s “$5.22 trillion”).
  • "Google which is now second in market cap to Nvidia just again cranking away, growing like crazy. I think it's market caps up to about 4.7 trillion, excuse me, behind Nvidia, 5.22 trillion or so." — Scott Becker (01:51)
• Points out the rarity of a company being in both the top revenue and top market cap lists.

4. Common Threads Among the Giants

Timestamp: 02:15–02:33

• E-commerce's Pervasive Influence: Many transactions, even those not yielding large profits, generate significant cumulative revenue.
  • "Apple's a great example of so much e-commerce one way or another flows through these companies and they're not always making a lot of money in every single transaction, but they're making a lot of little money on seemingly everything." — Scott Becker (02:20)
• Observes how these companies thrive by participating in massive transaction volumes, benefiting from their central role in the digital and healthcare economies.

---

Notable Quotes & Moments

• On Walmart’s Slower Growth:
  "Walmart was outperforming for so long this year it's only up 8%."
  — Scott Becker (01:23)

• On UnitedHealth Group’s Size:
  "UnitedHealthcare People should remember is so huge, so many dollars flow through one way or another."
  — Scott Becker (01:33)

• On Alphabet and Nvidia:
  "Google which is now second in market cap to Nvidia...growing like crazy. I think it's market caps up to about 4.7 trillion, excuse me, behind Nvidia, 5.22 trillion or so."
  — Scott Becker (01:51)

• On Business Model Commonality:
  "Apple's a great example of so much e-commerce one way or another flows through these companies and they're not always making a lot of money in every single transaction, but they're making a lot of little money on seemingly everything."
  — Scott Becker (02:20)

---

Important Segments & Timestamps

| Segment | Timestamp | |------------------------------------------------------|---------------| | Introduction & Topic Overview | 00:56–01:20 | | Company Performance Breakdown | 01:20–01:54 | | Alphabet’s Market Cap Growth | 01:54–02:15 | | The E-commerce Thread Across Giants | 02:15–02:33 |

---

This episode offers a snapshot into the evolving pecking order of America’s largest companies by revenue, with insightful commentary on recent market shifts, the primacy of e-commerce, and the growing dominance of both technology and healthcare conglomerates.

Transcript

[A]

If you work in university maintenance, Grainger considers you an MVP because your playbook ensures your arena is always ready for tip off. And Grainger is your trusted partner offering the products you need all in one place from H Vac and plumbing supplies to lighting and more. And all delivered with plenty of time left on the clock. So your team always gets the win. Call 1-800-GRAINGER visit grainger.com or just stop by Grainger for the ones who get it done.

[B]

Great companies aren't built on average talent. In private equity backed high growth businesses, the right operator changes everything. Onward. Headhunting partners with founders, operators and investors to build elite finance strategy and operations teams. From early hires to exit ready leadership, we deliver the talent that drives outcomes. If you are scaling or transacting, go onward. Visit onwardheadhunting.com or find us on LinkedIn to learn more.

[C]

This is Scott Becker with the Becker Business, the Becker Private Equity Podcast Today's discussions the five largest US companies buy revenue. So here's the five Amazon, Walmart, Apple, UnitedHealth Group and Alphabet. So not great surprises here but I do think is fascinating is what's going on with some of these companies. Walmart was outperforming for so long this year it's only up 8%. Amazon's up 15%. UnitedHealthcare People should remember is so huge, so many dollars flow through one way or another. UnitedHealthcare so it remains one of the largest companies in the country. It's fourth as of currently. CVS Aetna which is not on this list is sixth sort of the big growth company here is probably Alphabet. Google which is now second in market cap to Nvidia just again cranking away, growing like crazy. I think it's market caps up to about 4.7 billion. 4.7 trillion, excuse me behind Nvidia, 5.22 trillion or so. But, but I think what's fascinating is you know, it's grown into not just one of the biggest market cap companies, but one of the biggest revenue companies as well. I mean what what a lot of these companies have in common. Apple's a great example of so much E commerce one way or another flows through these companies and they're not always making a lot of money in every single transaction, but they're making a lot of little money on seemingly everything. And it's really an incredible thing to watch. But again the top five companies by revenue, Amazon, Walmart, Apple, UnitedHealthcare and Alphabet. But thank you for listening to the Becker Business the Becker Private Equity Podcast

[D]

when you manage procurement for multiple facilities, every order matters, but when it's for a hospital system, they matter even more. Grainger gets it and knows there's no time for managing multiple suppliers and no room for shipping delays. That's why Grainger offers millions of products in fast, dependable delivery so you can keep your facility stocked, safe and running smoothly. Call 1-800-GRAINGER Click grainger.com or just stop by Grainger for the ones who get it done.