25 Biggest Georgia Companies and Stocks
In this article, we will be taking a look at the 25 biggest Georgia companies and stocks. To skip our detailed analysis, you can go directly to see the 5 Biggest Georgia Companies and Stocks.
If all U.S. states were countries, Georgia would be the 27th biggest economy in the world with a GDP of $692 billion in 2021 which makes it bigger than Poland, Sweden, Belgium and Ireland. The 8th most populous state in the country, Georgia is one of only 15 states with a AAA rating. It is home to many major companies some of which are the biggest companies in the world in their own industries. The state is also home to the busiest airport in the world in Atlanta both in terms of aircraft traffic and passenger traffic in the Hartsfield-Jackson Atlanta International Airport while it is also home to one of the biggest seaports in North America.
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Atlanta, the capital of Georgia, is one of the most important global cities in the world not just because of having the biggest airport but being home to many major industries which include finance, insurance, technology, real estate manufacturing, logistics and communications. The biggest producer of pecans in the world, Georgia is home to a major agricultural industry and is among the biggest blueberry producers in the country too.
In the last one year, Georgia has seen its unemployment rate decline by 0.3%, from 3.3% in November 2021 to 3% in November 2022 which is the 14th best rate for any state. However, even this is not as good as the 2.8% that the state reached for three straight months but with a recession imminent, a slight increase shouldn't be seen as something outlier. Before the pandemic struck, Georgia's unemployment rate was at a historic low of 3.1% before climbing to 12.6% in just two months when the effect of the pandemic was fully felt. Clawing this back to 3% shows the progress the state has made in recovering from the pandemic which should help it navigate economic headwinds heading into 2023.
To encourage businesses and their growth in Georgia, which includes various tax credits that allow you to reduce tax credits and is considered to be the first state in the Southeast to use single-factor appointment, which means that the corporate tax rate will be calculated only based on sales made inside Georgia. Some of the tax credits provided by the state, which has definitely helped some of the biggest Georgia companies and stocks, ranges from $1,250 to $4,000 per year for 5 years for every new job that the company creates.
The 25 biggest Georgia companies and stocks have combined revenues of over $530 billion while the total market cap exceeds $1.2 trillion. We extracted the 25 biggest Georgian companies by revenue from Fortune 500 and then confirmed the latest market cap from Yahoo Finance, assigning 60% weightage to revenue and 40% to market cap. For companies which aren't listed, we ranked them based on revenue alone. So, let's take a look at the drivers of the Georgian economy, starting with:
25. BlueLinx Holdings Inc. (NYSE:BXC)
Total revenue (in billions): $4.3
Market cap as at 16th Jan 2023 (in billions): $0.7
BlueLinx Holdings Inc. (NYSE:BXC) is a wholesale distributor of of industrial and building products. A productive year has seen the market value of BlueLinx Holdings Inc. (NYSE:BXC) increasing by 4.9%.
24. Acuity Brands, Inc. (NYSE:AYI)
Total revenue (in billions): $3.5
Market cap as at 16th Jan 2023 (in billions): $5.6
Acuity Brands, Inc. (NYSE:AYI) is a lighting and building management firm which currently has around 13,000 employees. Acuity Brands, Inc. (NYSE:AYI) saw its share price fall heavily by 16.2% in the last one year.
23. Carter's, Inc. (NYSE:CRI)
Total revenue (in billions): $3.5
Market cap as at 16th Jan 2023 (in billions): $3.2
Carter's, Inc. (NYSE:CRI) designs and markets children's apparel and owns its namesake stores and OshKosh B'gosh retail stores. The last one year saw the share price of Carter's, Inc. (NYSE:CRI) fallby 10.2%.
22. SiteOne Landscape Supply, Inc. (NYSE:SITE)
Total revenue (in billions): $3.5
Market cap as at 16th Jan 2023 (in billions): $6.0
SiteOne Landscape Supply, Inc. (NYSE:SITE) provides landscape supplies, irrigation tools and agronomic maintenance. SiteOne Landscape Supply, Inc.'s (NYSE:SITE) stock suffered greatly in 2022, resulting in its value falling by 32.2% in the previous year.
21. Veritiv Corporation (NYSE:VRTV)
Total revenue (in billions): $6.9
Market cap as at 16th Jan 2023 (in billions): $1.7
Veritiv Corporation (NYSE:VRTV) provides hygiene products in addition to publishing and packaging companies. In one year, Veritiv Corporation (NYSE:VRTV) grew its EPS from $3.5 to $13.4, resulting in its stock soaring by 30% in the last year.
20. Flowers Foods, Inc. (NYSE:FLO)
Total revenue (in billions): $4.3
Market cap as at 16th Jan 2023 (in billions): $5.9
Flowers Foods, Inc. (NYSE:FLO) produces and markets packed bakery goods and operates nearly 50 bakeries. One of the largest baking companies in the U.S., Flowers Foods, Inc. (NYSE:FLO) has seen its market price fall by 3.5% in the previous one year.
19. NCR Corporation (NYSE:NCR)
Total revenue (in billions): $7.2
Market cap as at 16th Jan 2023 (in billions): $3.5
NCR Corporation (NYSE:NCR) provides various professional services and products but is perhaps most well-known for its point-of-sale terminals, ATMs, check processing machines and barcode scanners in addition to self-service kiosks. A disappointing 2022 has seen NCR Corporation's (NYSE:NCR) market cap plummet by 38.2%.
18. Asbury Automotive Group, Inc. (NYSE:ABG)
Total revenue (in billions): $9.8
Market cap as at 16th Jan 2023 (in billions): $4.2
Asbury Automotive Group, Inc. (NYSE:ABG) operates nearly 350 dealerships and franchises and is among the biggest automotive retailers in the country, as well as among the biggest Georgia companies and stocks. Asbury Automotive Group, Inc. (NYSE:ABG) saw its stock price jump by 12.3% in the previous year.
17. Graphic Packaging Holding Company (NYSE:GPK)
Total revenue (in billions): $7.2
Market cap as at 16th Jan 2023 (in billions): $6.9
Graphic Packaging Holding Company (NYSE:GPK) provides paper-based packaging solutions which can include cups, foodservice packaging, cips and folding cartons. In the previous year, the market cap of Graphic Packaging Holding Company (NYSE:GPK) has jumped by 18.7%.
16. Equifax Inc. (NYSE:EFX)
Total revenue (in billions): $4.9
Market cap as at 16th Jan 2023 (in billions): $26.6
Equifax Inc. (NYSE:EFX) is a credit reporting agency which earned the ire of millions of consumers which suffered one of the worst data breaches in history, exposing credit records of over 140 million Americans. The last year has seen the market cap of Equifax Inc. (NYSE:EFX) decrease by 9.8%.
15. Newell Brands Inc. (NASDAQ:NWL)
Total revenue (in billions): $10.6
Market cap as at 16th Jan 2023 (in billions): $6.4
Newell Brands Inc. (NASDAQ:NWL) provides various products with more than 100 brands including Sharpie markets and pens, food and beverage solutions, baby products and many more. A decline of 34.9% in share price in the previous year though there isn't an apparent reason for the decline which means that there is a chance that Newell Brands Inc. (NASDAQ:NWL) might be undervalued.
14. Global Payments Inc. (NYSE:GPN)
Total revenue (in billions): $8.5
Market cap as at 16th Jan 2023 (in billions): $29.1
Global Payments Inc. (NYSE:GPN) is a fintech company which provides payment technology and services to various merchants, consumers and issuers. Currently, Global Payments Inc. (NYSE:GPN) has more than 25,000 employees. In the last year, the stock value of Global Payments Inc. (NYSE:GPN) has plummeted by 26.9%.
13. AGCO Corporation (NYSE:AGCO)
Total revenue (in billions): $11.1
Market cap as at 16th Jan 2023 (in billions): $10.5
AGCO Corporation (NYSE:AGCO) is engaged in the manufacture of agricultural machinery and currently has over 23,000 employees. In the last one year, AGCO Corporation (NYSE:AGCO) saw an improvement in its market cap by 11.6%.
12. Mohawk Industries, Inc. (NYSE:MHK)
Total revenue (in billions): $11.2
Market cap as at 16th Jan 2023 (in billions): $7.5
Mohawk Industries, Inc. (NYSE:MHK) sounds more like a rock band name but it is actually a flooring manufacturer among the biggest of its kind in the country. While Mohawk Industries, Inc. (NYSE:MHK) was founded in New York, but is now headquartered in Georgia. In the last one year, Mohawk Industries, Inc. (NYSE:MHK) saw its market value tumble by 28.6%.
11. Intercontinental Exchange, Inc. (NYSE:ICE)
Total revenue (in billions): $9.2
Market cap as at 16th Jan 2023 (in billions): $60.1
Intercontinental Exchange, Inc. (NYSE:ICE) operates global financial exchanges and clearing houses which includes future exchanges in various countries. Currently, Intercontinental Exchange, Inc. (NYSE:ICE) has around 9,000 employees and nearly $200 billion in total assets. In the last one year, the share price of Intercontinental Exchange, Inc. (NYSE:ICE) has fallen by 15.8%.
10. WestRock Company (NYSE:WRK)
Total revenue (in billions): $18.7
Market cap as at 16th Jan 2023 (in billions): $9.6
WestRock Company (NYSE:WRK) is the biggest corrugated company in the state of Georgia and among the biggest Georgia companies and stocks. Currently, WestRock Company (NYSE:WRK) has been embroiled in a dispute with labor as the labor union has rejected a new contract. A poor 2022 has seen WestRock Company's (NYSE:WRK) share price fall by 17.9%.
9. PulteGroup, Inc. (NYSE:PHM)
Total revenue (in billions): $13.9
Market cap as at 16th Jan 2023 (in billions): $11.6
PulteGroup, Inc. (NYSE:PHM) is the biggest home construction company in Georgia and is said to be the third biggest home construction company in the entire country. While its built close to 800,000 homes, in the previous year, PulteGroup, Inc. (NYSE:PHM) saw its stock value fall by 6.9%.
8. Norfolk Southern Corporation (NYSE:NSC)
Total revenue (in billions): $11.1
Market cap as at 16th Jan 2023 (in billions): $59.1
Norfolk Southern Corporation (NYSE:NSC) claims to be among the premier transportation companies in the world. Currently, Norfolk Southern Corporation (NYSE:NSC) operates more than 19,500 route miles. In the last one year, Norfolk Southern Corporation (NYSE:NSC) has seen its share price fall by 7.5%.
7. Genuine Parts Company (NYSE:GPC)
Total revenue (in billions): $18.9
Market cap as at 16th Jan 2023 (in billions): $23.9
Genuine Parts Company (NYSE:GPC) provides automotive replacement parts, industrial replacement parts and various office products. While Genuine Parts Company (NYSE:GPC) has seen its share price rise by almost 24%, it may not be the best buy for the future as potential growth should already be reflected in the one year upside.
6. Aflac Incorporated (NYSE:AFL)
Total revenue (in billions): $22.1
Market cap as at 16th Jan 2023 (in billions): $45.3
Aflac Incorporated (NYSE:AFL) is the biggest insurance company in the country and the biggest provider of supplemental insurance in the U.S. In the last year, Aflac Incorporated (NYSE:AFL) has seen its market value jump by 14.4%.
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Disclosure: None. 25 Biggest Georgia Companies and Stocks is originally published at Insider Monkey.
