Ranking 130 S&P 500 companies by operational efficiency.
| Rank | Company | Sector | Rev / Employee | Employees | Revenue |
|---|---|---|---|---|---|
| 1 | Devon Energy Corporation DVN | Energy | $7,290,000 | 2,200 | $16.04B |
| 2 | Cencora, Inc. COR | Healthcare | $6,931,442 | 47,000 | $325.78B |
| 3 | EOG Resources, Inc. EOG | Energy | $6,662,941 | 3,400 | $22.65B |
| 4 | Coterra Energy Inc. CTRA | Energy | $6,503,256 | 1,075 | $6.99B |
| 5 | ConocoPhillips COP | Energy | $6,088,788 | 9,900 | $60.28B |
| 6 | Alexandria Real Estate Equities, Inc. ARE | Real Estate | $5,869,504 | 514 | $3.02B |
| 7 | Everest Group, Ltd. EG | Financial Services | $5,724,869 | 3,064 | $17.54B |
| 8 | Exxon Mobil Corporation XOM | Energy | $5,594,214 | 57,900 | $323.9B |
| 9 | EQT Corporation EQT | Energy | $5,371,451 | 1,523 | $8.18B |
| 10 | Apollo Global Management, Inc. APO | Financial Services | $5,178,013 | 6,140 | $31.79B |
| 11 | Cardinal Health, Inc. CAH | Healthcare | $4,609,167 | 53,084 | $244.67B |
| 12 | Chevron Corporation CVX | Energy | $4,290,388 | 43,039 | $184.65B |
| 13 | The Cigna Group CI | Healthcare | $4,186,146 | 65,669 | $274.9B |
| 14 | BXP, Inc. BXP | Real Estate | $3,817,295 | 826 | $3.15B |
| 15 | Altria Group, Inc. MO | Consumer Defensive | $3,413,390 | 5,900 | $20.14B |
| 16 | Centene Corporation CNC | Healthcare | $2,882,995 | 61,100 | $176.15B |
| 17 | Crown Castle Inc. CCI | Real Estate | $2,842,667 | 1,500 | $4.26B |
| 18 | Blackstone Inc. BX | Financial Services | $2,689,276 | 5,285 | $14.21B |
| 19 | CF Industries Holdings, Inc. CF | Basic Materials | $2,442,759 | 2,900 | $7.08B |
| 20 | Block, Inc. XYZ | Technology | $2,370,768 | 10,205 | $24.19B |
| 21 | D.R. Horton, Inc. DHI | Consumer Cyclical | $2,337,654 | 14,341 | $33.52B |
| 22 | American Tower Corporation AMT | Real Estate | $2,187,546 | 4,866 | $10.64B |
| 23 | Elevance Health, Inc. ELV | Healthcare | $2,071,446 | 96,129 | $199.13B |
| 24 | Bunge Global SA BG | Consumer Defensive | $2,068,500 | 34,000 | $70.33B |
| 25 | Archer-Daniels-Midland Company ADM | Consumer Defensive | $1,967,474 | 40,798 | $80.27B |
| 26 | CVS Health Corporation CVS | Healthcare | $1,825,726 | 219,000 | $399.83B |
| 27 | Arista Networks, Inc. ANET | Technology | $1,760,645 | 5,115 | $9.01B |
| 28 | DTE Energy Company DTE | Utilities | $1,638,756 | 9,650 | $15.81B |
| 29 | Bristol-Myers Squibb Company BMY | Healthcare | $1,482,892 | 32,500 | $48.19B |
| 30 | The AES Corporation AES | Utilities | $1,467,490 | 8,336 | $12.23B |
| 31 | Digital Realty Trust, Inc. DLR | Real Estate | $1,420,062 | 4,282 | $6.08B |
| 32 | Ares Management Corporation ARES | Financial Services | $1,412,020 | 3,967 | $5.6B |
| 33 | Edison International EIX | Utilities | $1,407,432 | 13,725 | $19.32B |
| 34 | Ameriprise Financial, Inc. AMP | Financial Services | $1,390,515 | 13,600 | $18.91B |
| 35 | Aflac Incorporated AFL | Financial Services | $1,349,796 | 12,716 | $17.16B |
| 36 | Chubb Limited CB | Financial Services | $1,325,000 | 45,000 | $59.63B |
| 37 | Equity Residential EQR | Real Estate | $1,289,150 | 2,400 | $3.09B |
| 38 | The Allstate Corporation ALL | Financial Services | $1,277,075 | 53,000 | $67.68B |
| 39 | Evergy, Inc. EVRG | Utilities | $1,270,859 | 4,691 | $5.96B |
| 40 | Eversource Energy ES | Utilities | $1,262,440 | 10,731 | $13.55B |
| 41 | American International Group, Inc. AIG | Financial Services | $1,204,118 | 22,100 | $26.61B |
| 42 | Duke Energy Corporation DUK | Utilities | $1,202,299 | 26,441 | $31.79B |
| 43 | Dow Inc. DOW | Basic Materials | $1,155,144 | 34,600 | $39.97B |
| 44 | Essex Property Trust, Inc. ESS | Real Estate | $1,147,950 | 1,686 | $1.94B |
| 45 | Church & Dwight Co., Inc. CHD | Consumer Defensive | $1,117,694 | 5,550 | $6.2B |
| 46 | Consolidated Edison, Inc. ED | Utilities | $1,098,072 | 15,407 | $16.92B |
| 47 | Dominion Energy, Inc. D | Utilities | $1,085,921 | 15,200 | $16.51B |
| 48 | AbbVie Inc. ABBV | Healthcare | $1,072,982 | 57,000 | $61.16B |
| 49 | CenterPoint Energy, Inc. CNP | Utilities | $1,064,021 | 8,794 | $9.36B |
| 50 | Entergy Corporation ETR | Utilities | $1,058,341 | 12,233 | $12.95B |
| 51 | CMS Energy Corporation CMS | Utilities | $1,022,635 | 8,350 | $8.54B |
| 52 | AvalonBay Communities, Inc. AVB | Real Estate | $1,010,026 | 3,011 | $3.04B |
| 53 | Deckers Outdoor Corporation DECK | Consumer Cyclical | $977,219 | 5,500 | $5.37B |
| 54 | BlackRock, Inc. BLK | Financial Services | $972,530 | 24,900 | $24.22B |
| 55 | Camden Property Trust CPT | Real Estate | $967,541 | 1,640 | $1.59B |
| 56 | Ameren Corporation AEE | Utilities | $950,297 | 8,913 | $8.47B |
| 57 | AT&T Inc. T | Communication Services | $944,509 | 133,030 | $125.65B |
| 58 | The Clorox Company CLX | Consumer Defensive | $889,211 | 7,600 | $6.76B |
| 59 | Atmos Energy Corporation ATO | Utilities | $887,432 | 5,487 | $4.87B |
| 60 | Constellation Brands, Inc. STZ | Consumer Defensive | $885,189 | 10,600 | $9.38B |
| 61 | Carvana Co. CVNA | Consumer Cyclical | $879,740 | 23,100 | $20.32B |
| 62 | American Express Company AXP | Financial Services | $872,044 | 76,800 | $66.97B |
| 63 | Assurant, Inc. AIZ | Financial Services | $865,831 | 14,800 | $12.81B |
| 64 | Ball Corporation BALL | Consumer Cyclical | $822,563 | 16,000 | $13.16B |
| 65 | Corteva, Inc. CTVA | Basic Materials | $809,349 | 21,500 | $17.4B |
| 66 | Domino's Pizza, Inc. DPZ | Consumer Cyclical | $796,773 | 6,200 | $4.94B |
| 67 | The Campbell's Company CPB | Consumer Defensive | $741,460 | 13,700 | $10.16B |
| 68 | American Water Works Company, Inc. AWK | Utilities | $734,286 | 7,000 | $5.14B |
| 69 | The Coca-Cola Company KO | Consumer Defensive | $727,481 | 65,900 | $47.94B |
| 70 | The Charles Schwab Corporation SCHW | Financial Services | $724,879 | 33,000 | $23.92B |
| 71 | Albemarle Corporation ALB | Basic Materials | $659,325 | 7,800 | $5.14B |
| 72 | Deere & Company DE | Industrials | $639,275 | 73,100 | $46.73B |
| 73 | Delta Air Lines, Inc. DAL | Industrials | $615,184 | 103,000 | $63.36B |
| 74 | Conagra Brands, Inc. CAG | Consumer Defensive | $613,907 | 18,300 | $11.23B |
| 75 | Colgate-Palmolive Company CL | Consumer Defensive | $606,607 | 33,600 | $20.38B |
| 76 | Air Products and Chemicals, Inc. APD | Basic Materials | $578,949 | 21,087 | $12.21B |
| 77 | Ciena Corporation CIEN | Technology | $575,892 | 8,898 | $5.12B |
| 78 | Caterpillar Inc. CAT | Industrials | $572,788 | 118,000 | $67.59B |
| 79 | Builders FirstSource, Inc. BLDR | Industrials | $542,523 | 28,000 | $15.19B |
| 80 | Best Buy Co., Inc. BBY | Consumer Cyclical | $521,138 | 80,000 | $41.69B |
| 81 | Bank of America Corporation BAC | Financial Services | $504,329 | 213,000 | $107.42B |
| 82 | Cummins Inc. CMI | Industrials | $499,555 | 67,400 | $33.67B |
| 83 | The Boeing Company BA | Industrials | $491,555 | 182,000 | $89.46B |
| 84 | Broadridge Financial Solutions, Inc. BR | Technology | $478,687 | 15,000 | $7.18B |
| 85 | Carrier Global Corporation CARR | Industrials | $462,702 | 47,000 | $21.75B |
| 86 | DuPont de Nemours, Inc. DD | Basic Materials | $456,600 | 15,000 | $6.85B |
| 87 | CRH plc CRH | Basic Materials | $450,995 | 83,032 | $37.45B |
| 88 | Citizens Financial Group, Inc. CFG | Financial Services | $439,073 | 17,398 | $7.64B |
| 89 | Capital One Financial Corporation COF | Financial Services | $429,607 | 76,300 | $32.78B |
| 90 | Danaher Corporation DHR | Healthcare | $423,586 | 58,000 | $24.57B |
| 91 | The Bank of New York Mellon Corporation BK | Financial Services | $415,884 | 48,100 | $20B |
| 92 | 3M Company MMM | Industrials | $412,364 | 60,500 | $24.95B |
| 93 | Extra Space Storage Inc. EXR | Real Estate | $410,623 | 8,393 | $3.45B |
| 94 | Equifax Inc. EFX | Industrials | $404,967 | 15,000 | $6.07B |
| 95 | Comfort Systems USA, Inc. FIX | Industrials | $400,953 | 22,700 | $9.1B |
| 96 | Agilent Technologies, Inc. A | Healthcare | $392,500 | 18,000 | $7.06B |
| 97 | EMCOR Group, Inc. EME | Industrials | $386,055 | 44,000 | $16.99B |
| 98 | Abbott Laboratories ABT | Healthcare | $385,461 | 115,000 | $44.33B |
| 99 | Corpay, Inc. CPAY | Technology | $383,763 | 11,800 | $4.53B |
| 100 | Edwards Lifesciences Corporation EW | Healthcare | $379,225 | 16,000 | $6.07B |
| 101 | The Estée Lauder Companies Inc. EL | Consumer Defensive | $362,515 | 40,470 | $14.67B |
| 102 | Boston Scientific Corporation BSX | Healthcare | $340,237 | 59,000 | $20.07B |
| 103 | Dover Corporation DOV | Industrials | $337,190 | 24,000 | $8.09B |
| 104 | Citigroup Inc. C | Financial Services | $335,027 | 226,000 | $75.72B |
| 105 | Ecolab Inc. ECL | Basic Materials | $335,025 | 48,000 | $16.08B |
| 106 | A. O. Smith Corporation AOS | Industrials | $333,061 | 11,500 | $3.83B |
| 107 | AMETEK, Inc. AME | Industrials | $328,939 | 22,500 | $7.4B |
| 108 | Becton, Dickinson and Company BDX | Healthcare | $313,200 | 70,000 | $21.92B |
| 109 | Allegion plc ALLE | Industrials | $305,812 | 13,300 | $4.07B |
| 110 | Baxter International Inc. BAX | Healthcare | $299,840 | 37,500 | $11.24B |
| 111 | Aon plc AON | Financial Services | $286,350 | 60,000 | $17.18B |
| 112 | Eaton Corporation plc ETN | Industrials | $282,088 | 97,303 | $27.45B |
| 113 | CBRE Group, Inc. CBRE | Real Estate | $261,613 | 155,000 | $40.55B |
| 114 | Emerson Electric Co. EMR | Industrials | $256,155 | 71,000 | $18.19B |
| 115 | Amcor plc AMCR | Consumer Cyclical | $254,662 | 77,000 | $19.61B |
| 116 | Avery Dennison Corporation AVY | Consumer Cyclical | $253,014 | 35,000 | $8.86B |
| 117 | Brown & Brown, Inc. BRO | Financial Services | $251,791 | 22,888 | $5.76B |
| 118 | AutoZone, Inc. AZO | Consumer Cyclical | $251,408 | 78,000 | $19.61B |
| 119 | Corning Incorporated GLW | Technology | $232,574 | 67,200 | $15.63B |
| 120 | Charles River Laboratories International, Inc. CRL | Healthcare | $219,420 | 18,300 | $4.02B |
| 121 | Dollar General Corporation DG | Consumer Defensive | $216,878 | 194,200 | $42.12B |
| 122 | Arthur J. Gallagher & Co. AJG | Financial Services | $180,681 | 72,000 | $13.01B |
| 123 | DaVita Inc. DVA | Healthcare | $174,911 | 78,000 | $13.64B |
| 124 | Carnival Corporation & plc CCL | Consumer Cyclical | $166,387 | 160,000 | $26.62B |
| 125 | Aptiv PLC APTV | Consumer Cyclical | $145,700 | 140,000 | $20.4B |
| 126 | Amphenol Corporation APH | Technology | $135,851 | 170,000 | $23.09B |
| 127 | Chipotle Mexican Grill, Inc. CMG | Consumer Cyclical | $91,523 | 130,301 | $11.93B |
| 128 | Accenture plc ACN | Technology | $90,211 | 784,000 | $70.73B |
| 129 | EPAM Systems, Inc. EPAM | Technology | $86,827 | 62,850 | $5.46B |
| 130 | Darden Restaurants, Inc. DRI | Consumer Cyclical | $63,542 | 197,924 | $12.58B |
Based on our 2026 dataset, Devon Energy Corporation (DVN) leads with an impressive $7.29 million in revenue per employee. This metric often highlights companies with highly scalable business models or significant automation.
A "good" ratio varies dramatically by sector. Retail and hospitality typically see $50,000 to $100,000 per employee due to high headcount requirements. In contrast, technology, financial, and energy sectors often target $500,000 to over $1,000,000 per employee. Investors should compare companies against their direct peers rather than the broader market.
Energy companies operate asset-heavy business models where revenue is primarily driven by commodity extraction, processing, and market prices rather than human capital. A small team operating a major refinery or pipeline can generate billions in revenue, mathematically inflating the per-employee metric.
Sectors with high operating leverage (Energy, Real Estate, Technology) typically show the highest figures. Labor-intensive sectors (Consumer Discretionary, Industrials) generally rank lower. This discrepancy reflects different fundamental business models—capital-intensive vs. labor-intensive—rather than absolute management quality.
It is an excellent supplementary metric for evaluating operational efficiency and scalability, particularly when comparing companies within the same sub-industry. However, it should not be used in isolation, as it doesn't account for profit margins, capital expenditures, or the use of external contractors.
Data was collected and analyzed in 2026. Companies with missing or unreliable employee counts were excluded from the dataset. We filtered for companies generating between $10,000 and $50,000,000 per employee to remove extreme outliers caused by holding companies or recent restructurings.
This study provides data and analysis for informational purposes only. Metrics like revenue per employee do not guarantee future performance and do not represent a complete fundamental analysis. Nothing here constitutes investment advice. Always conduct your own research.