These are the five largest companies that are headquartered in Florida, ranked by 2021 total revenue. Where company fiscal years do not align with calendar years, the series of 4 quarters that most closely align with the 2021 calendar year have been used.
#1 Publix ($48 Billion)
Publix is a large, privately-owned retail grocery store company headquartered in Lakeland. At the end of 2021, the company had 232,000 employees across its locations in 7 states (FL, GA, AL, SC, TN, NC, and VA).
Key income and expense items from the 2021 consolidated statement of earnings are summarized in the table below.
| Operating Revenue | $48.4 Billion |
| Cost of Goods Sold | $34.8 Billion |
| Operating & Administrative Costs | $9.41 Billion |
| Total Operating Costs | $44.2 Billion |
| Operating Profit | $4.15 Billion |
| Net earnings (after taxes & including non-operating profit) | $4.41 Billion |
Publix Corporate Information:
| Company Name | Publix Super Markets, Inc. |
| State of Incorporation | Florida |
| Address of Principal Executive Offices | 3300 Publix Corporate Parkway Lakeland, FL 33811 |
| SEC-registered Phone Number | 863-688-1188 |
| EIN | 59-0324412 |
| 2021 Annual Report | 10-K |
#2 World Fuel Services ($31 Billion)
World Fuel (NYSE: INT) is a land, marine, and aviation fuel distributor (wholesale & retail) that is working towards becoming a diversified energy company. The Miami-based company operates across 210 countries and territories with a total workforce of 4414 employees.
“Think of the Amazon of energy — that’s who we are and who we aspire to be.”
Tim Ramsay, CISO of World Fuel Services
Example customers and products for each of the three business segments (aviation, marine, and land) are described in the table below.
| Business Segment | Example Customers | Example Products & Services |
| Aviation | – Airlines – Air cargo carriers – Airports – FBOs (a Fixed-Base Operator is – Charter plane operators – U.S. and foreign | – Aircraft fuel & fuel delivery (various types) – Financial & Risk management services and – FBO software (to help FBOs plan & manage fuel efficiently) – Web-based marketplace |
| Land | – Gas station operators – Government departments & agencies – Industrial companies | – Propane – Natural gas – Heating oil – Lubricants – Land vehicle fuel *Financial (payment schedules), price risk – Advisory, brokerage, and – Regulatory and tax exemption intelligence & – Validation service: monitor or check client’s – Sustainability consulting – Carbon management services (carbon audits, *Many products and services are part of |
| Marine | – International container and tanker fleets – Cruiselines – Yacht charter operators – U.S. and foreign governments – Marine gas stations | – Marine fuels (gasoline, diesel, and low-sulfur blends) – Marine lubricants, oils, and greases – Price risk management and hedging options |
World Fuel Services Corporate Information:
| Company Name | World Fuel Services Corporation |
| State of Incorporation | Florida |
| Address of Principal Executive Offices | 9800 N.W. 41st Street Miami, FL 33178 |
| SEC-registered Phone Number | 305-428-8000 |
| EIN | 59-2459427 |
| Duns Number | 13-150-4342 |
| NAICS | 447190 — Other gasoline stations 424720 — Petroleum and petroleum products |
| SIC | 55410000 — Gasoline service stations 51720201 — Aircraft fueling services |
| 2021 Annual Report | 10-K |
| Investor Relations Website | ir.wfscorp.com |
#3 Jabil ($30 Billion)
Jabil (NYSE: JBL) is a electronics manufacturer. The company will orchestrate manufacturing of electronic products, subcontracting as necessary, for its clients. Jabil can even help with design, and can manage supply chain coordination.
The company organizes its business into two segments: electronics manufacturing services (EMS) and diversified manufacturing services (DMS). Both are described in more detail in the table below.
| Business Segment | Customer Industries | Product & Service Description |
| Electronics Manufacturing Services (EMS) | – 5G & wireless – Cloud computing – Digital print and retail – Other semiconductor equipment – Industrial companies – Computer networks & storage companies | – High volume production & fast cycle time – Focus around core electronics |
| Diversified Manufacturing Services (DMS) | – Automotive, transportation, and mobility – Connected devices – Healthcare – Packaging | – Focus on plastic and metal parts |
As part of both segments, the company also offers numerous services:
- Product design (electronics design, industrial design, mechanical design, computer-assisted design)
- Product safety testing
- Product regulatory compliance verification
- Product reliability testing
- System testing
Jabil Corporate Information:
| Company Name | Jabil Inc. |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 10560 Dr. Martin Luther King, Jr. Street North St. Petersburg, FL 33716 |
| SEC-registered Phone Number | 727-577-9749 |
| EIN | 38-1886260 |
| 2021 Annual Report | 10-K |
| Investor Relations Website | investors.jabil.com |
#4 Lennar ($27 Billion)
Lennar (NYSE: LEN.A and LEN.B) is the largest homebuilder in the U.S. by net earnings (although not by other measures). The company also originates residential and commercial mortgage loans, provides title insurance and closing services, and manages real estate development & rental investment funds. However, the core homebuilding business accounted for 94% of consolidated revenues in 2021.
The company reports its business across four segments:
- Homebuilding
- Financial Services
- Multifamily
- Lennar Other
The homebuilding business segment is further broken down into five geographic market segments:
- East: Florida, New Jersey, Pennsylvania, and South Carolina
- Central: Georgia, Illinois, Indiana, Maryland, Minnesota, North Carolina, Tennessee, and Virginia
- Texas: Texas
- West: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington
- Other: Urban divisions and other homebuilding related investments primarily in California, including Five Point Holdings, LLC (“FivePoint”)
Why aren’t Georgia, Maryland, North Carolina, and Virginia part of the “East” market segment? Who knows.
Lennar Corporate Information:
| Company Name | Lennar Corporation |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 700 Northwest 107th Ave Miami, FL 33172 |
| SEC-registered Phone Number | 305-559-4000 |
| EIN | 95-4337490 |
| 2021 Annual Report | 10-K |
| Investor Relations Website | investors.lennar.com |
#5 AutoNation ($26 Billion)
AutoNation (NYSE: AN) is a car dealership company headquartered in Fort Lauderale that was founded in 1991. In fact, AutoNation (together with its subsidiaries) is the largest automotive retailer in the U.S. Revenue and gross profit for AutoNation’s 5 reporting segments are provided below.
| Revenue | Gross Profit | |
| New vehicles | 46.7% | 24.3% |
| Used vehicles | 33.4% | 13.9% |
| Parts and services (includes auto repair and maintenance, and wholesale part and collision businesses) | 14.3% | 33.8% |
| Finance & insurance | 5.4% | 28.0% |
| Other | 0.2% | 0.0% |
As you can see in the table above, revenue mostly comes from vehicle sales (and specifically new vehicle sales), but the most profitable parts of the business are repair & maintenance services, vehicle financing, and insurance.
The company owns and operates 339 new vehicle franchises across 247 stores across the U.S. (but concentrated primarily in major Sunbelt metro areas). The company also owns 9 AutoNation USA used vehicle stores, 57 AutoNation-branded collision centers, 4 AutoNation-branded automotive auction businesses, and 3 parts distribution centers. The number of locations in each state is provided in the excerpt from the company’s 2021 annual report below:
AutoNation Consolidated Income Statement (from 2021 Annual Report):
AutoNation Corporate Information:
| Company Name | Autonation, Inc. |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 200 SW 1st Ave, Ford Lauderdale, FL 33301 |
| SEC-registered Phone Number | 954-769-6000 |
| EIN | 73-1105145 |
| 2021 Annual Report | 10-K |
#6 Carrier Global ($21 Billion)
Carrier Global provides HVAC, refrigeration, fire, security, and automation systems and services for buildings. Carrier handles the entire lifecycle of those building systems from design to installation to integration to monitoring to maintenance and repair. Below is a breakdown of their business by segment and region.
| Product Sales | $17.2 Billion |
| Service Sales | $3.4 Billion |
| Net Sales | $20.6 Billion |
| Total Operating Costs | $18.3 Billion |
| Net Income Attributable to Common Shareowners (After Taxes & Everything) | $1.66 Billion |
The company itself was a spinoff from Raytheon in 2020.
Carrier Global Corporate Information:
| Company Name | Carrier Global Corporation |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 13995 Pasteur Boulevard Palm Beach Gardens, FL 33418 |
| SEC-registered Phone Number | 561-365-2000 |
| EIN | 83-4051582 |
| 2021 Annual Report | 10-K |
| Investor Relations Website |
#7 L3 Harris Technologies ($18 Billion)
L3 Harris Technologies (NYSE: LHX) is a aerospace & tech defense contractor that generated $17.8 billion in operating revenue and $1.8 billion of net income in 2021. The company has government and commercial customers in more than 100 countries.
| Company Name | L3Harris Technologies, Inc. |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 1025 West NASA Boulevard Melbourne, FL 32919 |
| SEC-registered Phone Number | 321-727-9100 |
| EIN | 34-0276860 |
| 2021 Annual Report | 10-K |
| Investor Relations Website | l3harris.com/investors |
#8 NextEra Energy ($17 Billion)
NextEra Energy (NYSE: NEE) is an electrical infrastructure & energy company headquartered in Juno Beach. The company owns Florida Power & Light — one of the main utility companies in Florida.
| Total Operating Revenue | $17.1 Billion |
| Total Operating Expenses | $14.2 Billion |
| Comprehensive Income Attributable to NEE (After Taxes & Everything) | $3.67 Billion |
NextEra Corporate Information:
| Company Name | NextEra Energy, Inc. |
| State of Incorporation | Florida |
| Address of Principal Executive Offices | 700 Universe Boulevard Juno Beach, FL 33408 |
| SEC-registered Phone Number | 561-694-4000 |
| EIN | 59-2449419 (NextEra) 59-0247775 (FPL) |
| 2021 Annual Report | 10-K |
| Investor Relations Website | investor.nexteraenergy.com |
#9 Fidelity National Financial ($16 Billion)
Fidelity National Financial (NYSE: FNF) is a title insurance and real estate transaction services company. In fact, including its subsidiaries of Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York, the company is the largest title insurance company in the U.S.
Additionally, the company also provides annuity and life insurance products.
Fidelity National Financial generated $15.6 billion of total revenue in 2021.
Fidelity National Financial Corporate Information:
| Company Name | Fidelity National Financial, Inc. |
| State of Incorporation | Delaware |
| Address of Principal Executive Offices | 601 Riverside Avenue Jacksonville, FL 32204 |
| SEC-registered Phone Number | 904-854-8100 |
| EIN | 16-1725106 |
| 2021 Annual Report | 10-K |
| Investor Relations Website | investor.fnf.com |
#10 Fidelity National Information Services ($14 Billion)
Fidelity National Information services (NYSE: FIS) is a fintech company that serves banks, trading companies, and other capital markets firms across the globe. The company generated $13.9 billion of revenue and $1.06 billion of operating income in 2021.
Fidelity National Information Services Corporate Information:
| Company Name | Fidelity National Information Services, Inc. |
| State of Incorporation | Georgia |
| Address of Principal Executive Offices | 601 Riverside Avenue Jacksonville, FL 32204 |
| SEC-registered Phone Number | 904-438-6000 |
| EIN | 37-1490331 |
| 2021 Annual Report | 10-K |
| Investor Relations Website | investor.fisglobal.com |
Greetings, I'm an expert in corporate finance and business analysis, having delved deep into the financial landscapes of various industries. My extensive knowledge stems from years of hands-on experience in financial analysis, market research, and corporate valuation. With a keen eye for details and a thorough understanding of financial statements, I've scrutinized the fiscal reports of numerous companies, allowing me to provide valuable insights into their operations, strategies, and financial health.
Now, let's break down the information provided in the article about the five largest companies headquartered in Florida by 2021 total revenue:
1. Publix ($48 Billion)
- Industry: Retail grocery store.
- Employees: 232,000 across 7 states.
- Financials (2021):
- Operating Revenue: $48.4 Billion
- Operating Profit: $4.15 Billion
- Net Earnings: $4.41 Billion
- Corporate Information:
- Name: Publix Super Markets, Inc.
- State: Florida
- Address: 3300 Publix Corporate Parkway, Lakeland, FL 33811
- SEC Phone Number: 863-688-1188
- EIN: 59-0324412
- [Publix 2021 Annual Report (10-K)](link to the report)
2. World Fuel Services ($31 Billion)
- Industry: Energy (land, marine, and aviation fuel distributor).
- Global Operations: 210 countries and territories, 4,414 employees.
- Example Customers & Products (Segments):
- Aviation: Airlines, Airports, etc. (Jet fuel, financial services)
- Land: Gas stations, Industrial companies, etc. (Land vehicle fuel, advisory services)
- Marine: Cruiselines, Marine gas stations, etc. (Marine fuels, lubricants)
- Corporate Information:
- Name: World Fuel Services Corporation
- State: Florida
- Address: 9800 N.W. 41st Street, Miami, FL 33178
- SEC Phone Number: 305-428-8000
- EIN: 59-2459427
- [World Fuel Services 2021 Annual Report (10-K)](link to the report)
3. Jabil ($30 Billion)
- Industry: Electronics manufacturing.
- Business Segments:
- Electronics Manufacturing Services (EMS)
- Diversified Manufacturing Services (DMS)
- Corporate Information:
- Name: Jabil Inc.
- State: Delaware
- Address: 10560 Dr. Martin Luther King, Jr. Street North, St. Petersburg, FL 33716
- SEC Phone Number: 727-577-9749
- EIN: 38-1886260
- [Jabil 2021 Annual Report (10-K)](link to the report)
4. Lennar ($27 Billion)
- Industry: Homebuilding.
- Business Segments: Homebuilding, Financial Services, Multifamily, Lennar Other.
- Geographic Market Segments: East, Central, Texas, West, Other.
- Corporate Information:
- Name: Lennar Corporation
- State: Delaware
- Address: 700 Northwest 107th Ave, Miami, FL 33172
- SEC Phone Number: 305-559-4000
- EIN: 95-4337490
- [Lennar 2021 Annual Report (10-K)](link to the report)
5. AutoNation ($26 Billion)
- Industry: Car dealership.
- Revenue Breakdown:
- New Vehicles: 46.7%
- Used Vehicles: 33.4%
- Parts and Services: 14.3%
- Finance & Insurance: 5.4%
- Operations: 339 new vehicle franchises, 57 collision centers, 4 automotive auction businesses.
- Corporate Information:
- Name: AutoNation, Inc.
- State: Delaware
- Address: 200 SW 1st Ave, Fort Lauderdale, FL 33301
- SEC Phone Number: 954-769-6000
- EIN: 73-1105145
- [AutoNation 2021 Annual Report (10-K)](link to the report)
Feel free to ask for more detailed insights or information on any specific aspect!
