In this article, we will be taking a look at the 25 biggest Colorado companies and stocks. To skip our detailed analysis, you can go directly to see the 5 Biggest Colorado Companies and Stocks.
If all U.S. states were countries, Colorado would be the 46th largest country in the world with a GDP of $436 billion in 2021, larger than the UAE, Bangladesh and South Africa. Currently, Colorado’s economy has been outpacing the growth demonstrated by the U.S. overall, signaling its strong recovery from the Covid-19 pandemic. However, there are significant challenges being faced by the state as well including high inflation, rising interest rates and continuing supply chain shortages.
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Currently, Colorado’s unemployment rate stands at 3.5% and while not among the states with the lowest unemployment rates, it still had the 10th best comeback in terms of jobs after Covid-19. This has been led by sharp increases in various states including professional and business services, and leisure and hospitality. In fact, it is now one of only 15 states which has reached pre-pandemic levels though some important sectors are still behind their peak employment levels before the pandemic struck, which demonstrates that the recovery isn’t exactly even. While 2022 is expected to show positive national GDP growth, the state’s GDP did contract for the second consecutive quarter.
Colorado’s diversified economy means it is home to a host of major industries which include the aerospace industry, and ranks number 1 in the nation in terms of private aerospace employment. In terms of concentration of STEM workers, Colorado ranks 4th in the country while according to the Milken Institute, the state ranked second for technology and science, all of which bode really well for the biggest Colorado companies and stocks.
But perhaps the most important ranking is being the best state to start a business in and in this metric, Colorado ranks an incredible second in the U.S. according to FitSmallBusiness.com as well as third in startup early job creation according to the Kauffman Foundation. Incentives and tax credits are offered to companies and businesses, especially those creating growth and jobs which includes better access to capital for early-stage advanced industries businesses by reducing investor risk. Other programs provide support and relief to new businesses which are located in distressed areas of rural Colorado.
To determine the biggest Colorado companies and stocks, we obtained all companies which are part of Fortune 500. Since Fortune 500 didn’t have 25 companies headquartered in the state, we then searched for other major companies in the state. In fact, the biggest company in Colorado doesn’t appear in Fortune 500 as it is a subsidiary of an international company. We obtained revenue from Fortune 500 or the annual reports of each company while the market cap was determined from Yahoo Finance. Where the company wasn’t listed, its ranking was based on revenue alone. We then assigned 60% weightage to revenue and 40% to market cap. Thanks to a poor year for stocks, the average returns for these companies over the past year -11.8%. So, let’s now take a look at the most important companies to Colorado’s economy, starting with:
25. RE/MAX Holdings, Inc. (NYSE:RMAX)
Total revenue (in billions): $0.3
Market cap as at 16th Jan 2023 (in billions): $0.7
RE/MAX Holdings, Inc. (NYSE:RMAX) is a real estate company and among the biggest Colorado companies and stocks. In the last year, RE/MAX Holdings, Inc. (NYSE:RMAX) saw its share price fall by 32%.
24. TTEC Holdings, Inc. (NASDAQ:TTEC)
Total revenue (in billions): $2.3
Market cap as at 16th Jan 2023 (in billions): $2.3
TTEC Holdings, Inc. (NASDAQ:TTEC) is a consumer services company specializing in technology. Currently, TTEC Holdings, Inc. (NASDAQ:TTEC) has 62,000 employees. In the previous one year, TTEC Holdings, Inc. (NASDAQ:TTEC) plummeted by 38.5%.
23. MYR Group Inc. (NASDAQ:MYRG)
Total revenue (in billions): $2.5
Market cap as at 16th Jan 2023 (in billions): $1.7
MYR Group Inc. (NASDAQ:MYRG) provides electrical construction services and owns 12 such subsidiaries. Currently, MYR Group Inc. (NASDAQ:MYRG) has over 7,500 employees and in the latest quarter, registered a 31% increase in year on year revenue, even though its net profit margin fell by 39.4%.
22. Woodward, Inc. (NASDAQ:WWD)
Total revenue (in billions): $2.2
Market cap as at 16th Jan 2023 (in billions): $6.4
Woodward, Inc. (NASDAQ:WWD) provides control systems and their components for aircraft engines and other uses. In just one year, Woodward, Inc.’s (NASDAQ:WWD) share price fell by 8.6%.
21. Summit Materials, Inc. (NYSE:SUM)
Total revenue (in billions): $2.4
Market cap as at 16th Jan 2023 (in billions): $3.8
Summit Materials, Inc. (NYSE:SUM) is a materials based company which provides cement, asphalt and ready-mix concrete. In the last 6 months, Summit Materials, Inc. (NYSE:SUM) recovered by more than 33.8% in its stock value, but is still down by 13.6% in the last one year.
20. Liberty Energy Inc. (NYSE:LBRT)
Total revenue (in billions): $2.5
Market cap as at 16th Jan 2023 (in billions): $3.0
Liberty Energy Inc. (NYSE:LBRT) is an oilfield services firm which provides tech and services to onshore oil and natural gas exploration companies. In the past one year, Liberty Energy Inc. (NYSE:LBRT) saw its share price improve by 25.2%.
19. SCL Health
Total revenue (in billions): $2.9
Market cap as at 16th Jan 2023 (in billions): $N/A
SCL Health is a healthcare company which has 8 hospitals and over a hundred clinics located in Colorado and Montana. We determined its revenue from SCL’s annual report.
18. Century Communities, Inc. (NYSE:CCS)
Total revenue (in billions): $4.2
Market cap as at 16th Jan 2023 (in billions): $1.8
Century Communities, Inc. (NYSE:CCS) offers various single-family homes, townhouses and condos with operations in 18 states. While its share price increased by 18.4% in the last six months, there is still a long way to go as Century Communities, Inc. (NYSE:CCS) has still lost 15.2% in the last year.
17. Crocs, Inc. (NASDAQ:CROX)
Total revenue (in billions): $2.3
Market cap as at 16th Jan 2023 (in billions): $7.7
Crocs, Inc. (NASDAQ:CROX) is a footwear company. Once derided by many for its products, Crocs, Inc. (NASDAQ:CROX) experienced a high surge in sales from 2020 to 2022 after the pandemic resulted in most people preferring practical, comforting footwear. To date, Crocs, Inc. (NASDAQ:CROX) has sold well over 300 million pair of shoes. This is why it comes as no surprise that in the last one year, Crocs, Inc. (NASDAQ:CROX) saw its market cap increase by 9.7%.
16. SM Energy Company (NYSE:SM)
Total revenue (in billions): $2.6
Market cap as at 16th Jan 2023 (in billions): $4.1
SM Energy Company (NYSE:SM) is a hydrocarbon exploration company and whose assets are located in the Permian Basin and Eagle Ford Group. In the last one year, SM Energy Company (NYSE:SM) saw its share price fall by 2.4% in the previous year.
15. Centura Health
Total revenue (in billions): $5.0
Market cap as at 16th Jan 2023 (in billions): N/A
Centura Health operates in Colorado and Kansas and connects patients with over 6,000 physicians and 21,000 caregivers.
14. M.D.C. Holdings, Inc. (NYSE:MDC)
Total revenue (in billions): $5.3
Market cap as at 16th Jan 2023 (in billions): $2.5
M.D.C. Holdings, Inc. (NYSE:MDC) is the biggest home construction company in Colorado. With over 2,000 employees, M.D.C. Holdings, Inc. (NYSE:MDC) was ranked 12 on Builder Magazine’s Annual Builder List in 2021. In the last one year, M.D.C. Holdings, Inc. (NYSE:MDC) saw its market value decline by 29.7%.
13. The Western Union Company (NYSE:WU)
Total revenue (in billions): $5.1
Market cap as at 16th Jan 2023 (in billions): $5.5
One of the largest money transfer and exchange companies in the world, The Western Union Company (NYSE:WU). In the previous one year, The Western Union Company’s (NYSE:WU) market value eroded by 22.6%.
12. Antero Resources Corporation (NYSE:AR)
Total revenue (in billions): $4.6
Market cap as at 16th Jan 2023 (in billions): $8.9
Antero Resources Corporation (NYSE:AR) is among multiple hydrocarbon companies among the biggest Colorado companies and stocks. The reserves extracted by Antero Resources Corporation (NYSE:AR) are located completely in Appalachian Basin. A brilliant 2022 has resulted in Antero Resources Corporation’s (NYSE:AR) market cap jumping by 55.3%.
11. Qurate Retail, Inc. (NASDAQ:QRTEA)
Total revenue (in billions): $14.0
Market cap as at 16th Jan 2023 (in billions): $0.8
Qurate Retail, Inc. (NASDAQ:QRTEA) is a media giant and the largest such company in the state of Colorado. The last year has been absolutely disastrous for Qurate Retail, Inc. (NASDAQ:QRTEA) which is basically on life support after losing more than 75% in share price in the last year and 93% in the last 5 years.
10. VF Corp. (VFC)
Total revenue (in billions): $9.2
Market cap as at 16th Jan 2023 (in billions): $N/A
VF Corp is a footwear and apparel company which owns major brands such as The North Face, Timberland and Vans, making it one of the biggest Colorado companies and stocks.
9. Ovintiv Inc. (NYSE:OVV)
Total revenue (in billions): $8.7
Market cap as at 16th Jan 2023 (in billions): $12.5
Ovintiv Inc. (NYSE:OVV) is a hydrocarbon exploration and production company, with over 1,700 employees currently. A strong 2022 has seen Ovintiv Inc.’s (NYSE:OVV) share price sky rocket by over 28% in just one year.
8. DaVita Inc. (NYSE:DVA)
Total revenue (in billions): $11.6
Market cap as at 16th Jan 2023 (in billions): $7.1
DaVita Inc. (NYSE:DVA) is a healthcare company which is engaged in providing dialysis services in addition to other healthcare services. In the previous year, DaVita Inc. (NYSE:DVA) saw its market value decrease by 27.5%.
7. DCP Midstream, LP (NYSE:DCP)
Total revenue (in billions): $10.7
Market cap as at 16th Jan 2023 (in billions): $8.8
DCP Midstream, LP (NYSE:DCP) is the biggest natural gas company in Colorado. As energy prices have sky rocketed post Russia’s invasion of Ukraine, DCP Midstream, LP (NYSE:DCP) has enjoyed a stellar 2022 where the share price increased by 48.5% in the previous one year.
6. Formula One Group (NASDAQ:FWONK)
Total revenue (in billions): $11.4
Market cap as at 16th Jan 2023 (in billions): $15.5
Liberty Media Group has three divisions including Formula One Group (NASDAQ:FWONK), The Liberty Braves Group (NASDAQ:BATRA) and The Liberty SiriusXM Group (NASDAQ:LSXMA), making it among the biggest Colorado companies and stocks. As F1 continues to gain in popularity, Formula One Group (NASDAQ:FWONK) saw its stock price jump by 6.2% in the last one year.
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Disclosure: None. 25 Biggest Colorado Companies and Stocks is originally published at Insider Monkey.
