In this article we are going to list the 10 biggest Ohio companies and stocks. For a detailed coverage of this topic and a more comprehensive list please take a look at the 20 Biggest Ohio Companies and Stocks.
5. The Kroger Co. (NYSE:KR)
Total revenue (in millions): $137,888
Total market cap as at 2nd Jan 2023 (in millions): $31,911
The Kroger Co. (NYSE:KR) is one of the oldest companies in Ohio, having been founded in 1883 and currently operates over 2,800 stores. In addition, The Kroger Co. (NYSE:KR) is also the biggest employer in the state, with more than 465,000 employees. The largest supermarket chain in the world, The Kroger Co.’s (NYSE:KR) share price has stayed almost the same across 2022.
4. The Progressive Corporation (NYSE:PGR)
Total revenue (in millions): $47,702
Total market cap as at 2nd Jan 2023 (in millions): $75,880
One of the biggest insurance companies in the country, The Progressive Corporation (NYSE:PGR) is easily among the biggest Ohio companies and stocks. The Progressive Corporation (NYSE:PGR) is mainly focused on auto insurance but also provides home and life insurance among other products. In 2022, The Progressive Corporation (NYSE:PGR) saw its share price rise by over 27%.
3. Cardinal Health, Inc. (NYSE:CAH)
Total revenue (in millions): $162,467
Total market cap as at 2nd Jan 2023 (in millions): $20,150
In terms of revenue, Cardinal Health, Inc. (NYSE:CAH) is the biggest company in terms of revenue headquartered in Ohio. Currently, Cardinal Health, Inc. (NYSE:CAH) has close to 50,000 employees. While Cardinal Health, Inc. (NYSE:CAH) has outperformed the S&P 500 by a large margin in 2022, over a longer term (from late 2017 onwards), the company has actually underperformed the S&P 500.
2. The Procter & Gamble Company (NYSE:PG)
Total revenue (in millions): $76,118
Total market cap as at 2nd Jan 2023 (in millions): $359,152
One of the largest FMCG companies in the world, The Procter & Gamble Company (NYSE:PG) is also one of the largest employers in Ohio. In 2022, The Procter & Gamble Company (NYSE:PG) saw its share price fall to its lowest level in October before increasing in the last quarter to close the year at a loss of 7%. While most companies have stopped operations in Russia after its invasion of Ukraine, The Procter & Gamble Company (NYSE:PG) has continued operating two major factories in the country.
1. Marathon Petroleum Corporation (NYSE:MPC)
Total revenue (in millions): $141,032
Total market cap as at 2nd Jan 2023 (in millions): $54,547
Topping the list of the 20 biggest Ohio companies and stocks is Marathon Petroleum Corporation (NYSE:MPC), one of the largest oil companies in the world. Marathon Petroleum Corporation (NYSE:MPC) has been one of the outstanding performers of 2022, with its share price increasing by more than 77%. Recently, Marathon Petroleum Corporation (NYSE:MPC) set a refining industry record when six of its refineries earned efficiency certifications from the EPA.
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