8 Biggest Companies Headquartered in Colorado by Revenue (2022)

Written by Ricky Nave in Money Maps & Rankings

These are the 8 largest companies headquartered in Colorado, as ranked by total revenue for the 4 quarters ended September 30, 2022.

#1 Arrow Electronics ($37 Billion)

Arrow Electronics (NYSE: ARW) supplies electronic components to a diverse customer base of manufacturers of machine tools, factory automation equipment, robotic equipment, aerospace and defense products, alternative energy equipment, vehicles, medical equipment, telecom equipment, and more. Total revenue was $36.8 billion for the 12 months ended September 30, 2022.

The company organizes its business into two segments:

  • Global components business — 76% of sales in 2021
  • Global enterprise computing solutions (ECS) business — 24% of sales in 2021

Within the global components business, 78% of net sales consisted of semiconductor products and related services, 13% consisted of passive, electro-mechanical, and interconnect products (such as capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors), 7% consisted of computing and memory, and 2% consisted of other products and services

Within the global ECS business, 42% of net sales consisted of software, 35% consisted of storage, 11% consisted of industry standard servers, 5% consisted of proprietary servers, and 7% consisted of other products and services.

The company and its affiliates serve over 220,000 industrial and commercial customers ranging from OEMs (original equipment manufacturers) to small engineering firms to value-added resellers (VARs).

Source: 2021 10-K
Official Company NameARROW ELECTRONICS INC
State of IncorporationNew York
Headquarters Address9201 East Dry Creek Road
Centennial, CO 80112
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#2 DISH Network ($17 Billion)

DISH Network Corporation (NASDAQ: DISH) is a holding company for various satellite and streaming TV services, 5G network services, and home installation services for satellite and other entertainment equipment. Total revenue over the last 4 quarters was $17.1 billion.

The company organizes its business into two segments:

  • Pay-TV
  • Wireless

Pay-TV services are offered under two brands: DISH (8.2 million U.S. subscribers) and SLING (2.5 million U.S. subscribers).

The wireless business segment operates in two units: (1) retail wireless (a new business entered in 2020 through acquisitions of Boost Mobile and Ting Mobile) and (2) 5G network deployment.

Official Company NameDISH Network Corporation
State of IncorporationNevada
Headquarters Address9601 South Meridian Boulevard
Englewood, CO 80112
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#3 Ball ($15.5 Billion)

Ball Corporation (NYSE: BALL) provides aluminum packaging for beverages, household products, and personal care products. The company also provides aerospace tech and services to the U.S. government. Net sales over the last 4 quarters was $15.475 billion.

Official Company NameBall Corporation
State of IncorporationIndiana
Headquarters Address9200 West 108th Circle
Westminster, CO 80021
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#4 DCP Midstream ($15.4 Billion)

DCP Midstream, LP (NYSE: DCP) is a natural gas company that owns and operates more than 50 plants and 57,000 miles of pipelines across 9 states. Revenue over the last 4 quarters was $15.44 billion.

Unique Business Entity Structure

DCP Midstream, LP is a master limited partnership (a type of publicly-traded limited partnership with important tax consequences). The company is managed by its general partner company DCP Midstream GP, LP which is itself managed by DCP Midstream GP, LLC which is in turn 100% owned by DCP Midstream, LLC which is a joint venture between Phillips 66 and Enbridge.

Official Company NameDCP MIDSTREAM, LP
State of IncorporationDelaware
Headquarters Address6900 E. Layton Ave, Suite 900
Denver, CO 80237
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#5 Qurate Retail ($12.6 Billion)

Qurate Retail (NASDAQ: QRTEA, QRTEB, QRTEP) is a TV shopping and online commerce holding company that owns QVC, HSN, Zulily, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road. Total revenue for the last 4 quarters was $12.64 billion.

QVC’s global sales mix is broken down by category in the table below.

Official Company NameQURATE RETAIL, INC.
State of IncorporationDelaware
Headquarters Address12300 Liberty Boulevard
Englewood, CO 80112
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#6 Liberty Media ($12.2 Billion)

Liberty Media was actually a wholly-owned subsidiary of Qurate Retail until it was spun off in 2011. Liberty Media itself is a holding company for media and entertainment businesses in North America and the UK. The company’s main subsidiaries and equity affiliates are:

  • Sirius XM Holdings
  • Formula 1
  • Brave Holdings
  • Live Nation Entertainment

The company’s securities are complex, and I highly suggest you read item 1 of their 10-K before you buy any of their stock. The company uses multiple different tracking stocks for different parts of their business (e.g. Sirius XM, Formula 1, and Brave Holdings). These tracking stocks are not actually interests in the underlying subsidiaries but rather have financial results “attributed” to them by Liberty Media.

Revenue for Liberty Media as a whole for the last 4 quarters was $12.244 billion.

Official Company NameLIBERTY MEDIA CORPORATION
State of IncorporationDelaware
Headquarters Address12300 Liberty Boulevard
Englewood, CO 80112
2021 Annual Report10-K

Annual Proxy
Investor Relations WebsiteInvestor Relations

#7 Newmont ($12.1 Billion)

Newmont (NYSE: NEM) is primarily a gold mining company with assets and/or operations in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. Total revenue over the last 4 quarters was $12.105 billion.

Official Company NameNEWMONT CORPORATION
State of IncorporationDelaware
Headquarters Address6900 E Layton Ave
Denver, CO 80237
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

#8 V. F. Corporation ($11.8 Billion)

V. F. Corporation (NYSE: VFC) was founded in 1899 and is one of the world’s largest apparel, footware, and accessories companies. The company’s largest brands include Vans, The North Face, Timberland, and Dickies. Total revenue over the last 4 quarters was $11.792 billion.

Official Company NameV. F. Corporation
State of IncorporationPennsylvania
Headquarters Address1551 Wewatta Street
Denver, CO 80202
2021 Annual Report10-K
Investor Relations WebsiteInvestor Relations

Ricky Nave

In college, Ricky studied physics & math, won a prestigious research competition hosted by Oak Ridge National Laboratory, started several small businesses including an energy chewing gum business and a computer repair business, and graduated with a thesis in algebraic topology. After graduating, Ricky attended grad school at Duke University in the mathematics PhD program where he worked on quantum algorithms & non-Euclidean geometry models for flexible proteins. He also worked in cybersecurity at Los Alamos during this time before eventually dropping out of grad school to join a startup working on formal semantic modeling for legal documents. Finally, he left that startup to start his own in the finance & crypto space. Now, he helps entrepreneurs pay less capital gains tax.

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