H-E-B ranks among top five largest private companies in Forbes list

San Antonio grocer ranked at No. 6 last year

H-E-B. (Google Maps)

SAN ANTONIO – Texas grocery giant H-E-B was listed among the biggest companies in the U.S. by Forbes.

The San Antonio-based company, with 145,000 employees and a revenue of about $43.6 billion, landed at No. 5 on the “America’s Largest Private Companies” list, released last week. It’s a step up from H-E-B’s No. 6 rank in 2022.

This comes a month after chairman and former CEO Charles Butt made Forbes’ list of 400 richest people in America. Butt is worth an estimated $7.6 billion.

H-E-B is the only Texas company to make it in the top 10, and one of few to make the top 50.

Forbes created the list by looking at U.S.-based companies with a revenue of $2 billion or more in the most recent fiscal year. There are 258 companies on this year’s list, which includes 11 newcomers.

SpaceX, owned by Elon Musk, was among the businesses that made their debut on the list, landing at No. 145.

The No. 1 spot, however, goes to global food corporation Cargill. The business has 160,000 employees and a revenue of about $177 billion.

See below for the top 10 Texas companies on Forbes’ “America’s Largest Private Companies” list:

5H-E-B$43.6 B145,000
32Republic National Distributing Company$12.8 B14,000
34Calpine$12.5 B2,300
44The Friedkin Group$11.07 B9,280
55SRS Distribution$9.6 B10,850
77Sammons Enterprises$7.43 B6,020
107Consolidated Elec Distributors$5.5 B7,500
119Ben E Keith$5.2 B5,600
120Fertitta Entertainment$5.13 B46,500
123Michaels Companies$5.1 B40,000

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Rebecca Salinas joined KSAT in the fall of 2019. Her skills include content management, engagement and reporting.