List of largest German companies

This article lists the largest companies in Germany in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes, as well as the German newspaper Die Welt.

2024 Die Welt list

The following list ranks the 100 largest companies in Germany in 2024 based on their 2023 revenue. The data was compiled based on the “Top 500” ranking, which is published annually by the daily newspaper Die Welt.[1]

Rank Company Industry Revenue
(billion €)		 Employees Headquarters
1. Volkswagen AG Automotive 322.2 614,082 Wolfsburg
2. Schwarz Beteiligungs GmbH Grocery retail 167.2[2] 575,000[2] Neckarsulm
3. BMW AG Automotive 155.5 116,324 Munich
4. Mercedes-Benz Group AG Automotive 153.2 279,972 Stuttgart
5. Lidl Stiftung & Co. KG (part of Schwarz Beteiligungs GmbH) Grocery retail 125.5 360,000[3] Neckarsulm
6. Deutsche Telekom AG Telecommunications 112.0 199,652 Bonn
7. Uniper SE Power generation and energy trading 107.9 6,863 Düsseldorf
8. E.ON SE Energy 93.686 74,618 Essen
9. Rewe Group Retail, tourism 92.310 389,270 Cologne
10. Robert Bosch GmbH Conglomerate 91.596 429,416 Stuttgart
11. Aldi Süd Retail 83.000 – Mülheim an der Ruhr
12. DHL Group Postal services, logistics 81.758 594,396 Bonn
13. Siemens AG Conglomerate 77.769 320,000 Berlin / Munich
14. Edeka Zentrale AG & Co. KG Retail 70.700 410,700 Hamburg
15. Audi AG (part of Volkswagen AG) Automotive 69.865 87,736 Ingolstadt
16. BASF SE Chemicals 68.902 111,991 Ludwigshafen
17. Daimler Truck Automotive 55.890 100,000 Stuttgart
18. Bayer AG Pharmaceuticals, chemicals 47.637 99,723 Leverkusen
19. Phoenix Pharmahandel GmbH & Co. KG Pharmaceutical wholesale 47.065 48,478 Mannheim
20. Traton SE Commercial vehicles 46.872 103,621 Munich
21. ZF Friedrichshafen AG Automotive supplier 46.627 168,738 Friedrichshafen
22. BP Europa SE Petroleum, energy 46.584 9,218 Hamburg
23. Deutsche Bahn AG Transport 45.191 292,423 Berlin
24. EnBW Energie Baden-Württemberg AG Utilities 44.431 28,630 Karlsruhe
25. Continental AG Automotive supplier 41.421 202,763 Hannover
26. Dr. Ing. h.c. F. Porsche AG (part of Volkswagen AG) Automotive 40.530 42,140 Stuttgart
27. ThyssenKrupp AG Conglomerate 37.536 99,981 Essen
28. Deutsche Lufthansa AG Air transport 35.422 96,677 Cologne
29. Kaufland Stiftung & Co. KG (part of Schwarz Beteiligungs GmbH) Grocery retail 34.200 148,000[4] Neckarsulm
30. SAP Software 31.207 107,602 Walldorf
31. Siemens Energy Energy 31.119 94,000 Munich
32. Metro AG Retail 30.551 91,201 Düsseldorf
33. Shell Deutschland Oil GmbH Petroleum, natural gas, chemicals 29.500 2,801 Hamburg
34. Aldi Nord Retail 29.000 – Essen
35. RWE AG Energy 28.566 20,135 Essen
36. Hochtief AG Baudienstleistung 27.756 41,575 Essen
37. Mercedes-Benz Mobility AG (part of Mercedes-Benz Group AG) Financial services 26.700 – Stuttgart
38. Boehringer Ingelheim Pharma GmbH & Co. KG Pharmaceuticals 25.611 53,565 Ingelheim am Rhein
39. Heraeus Holding GmbH Conglomerate 25.600 16,388 Hanau
40. Telekom Deutschland GmbH (part of Deutsche Telekom AG) Telecommunications 25.200 59,709 Bonn
41. BayWa AG Retail 23.948 23,144 Munich
42. VNG AG Utilities 23.200 1,688 Leipzig
43. Fresenius SE & Co. KGaA Pharmaceuticals 22.299 193,865 Bad Homburg
44. Ceconomy (part of Metro AG) Retail 22.200 47,530 Ingolstadt
45. Henkel AG & Co. KGaA Consumer goods 21.514 47,750 Düsseldorf
46. Adidas AG Sporting goods 21.427 59,030 Herzogenaurach
47. Heidelberg Materials AG Building materials 21.178 50,997 Heidelberg
48. Merck KGaA Chemicals, pharmaceuticals 20.993 62,908 Darmstadt
49. TUI AG Tourism 20.665 65,413 Hannover
50. Würth-Gruppe Retail 20.396 87,047 Künzelsau
51. Bertelsmann SE Medien 20.169 80,418 Gütersloh
52. Fresenius Medical Care AG & Co. KGaA Medical technology 19.454 123,120 Bad Homburg
53. Schenker AG (part of Deutsche Bahn AG) Transport 19.127 – Essen
54. Wintershall Dea AG (part of BASF SE) Petroleum, natural gas 18.866 – Celle/Kassel
55. Hapag-Lloyd AG Shipping 17.930 16,530 Hamburg
56. Ford-Werke GmbH Automotive 17.600 – Cologne
57. Penny-Markt GmbH (part of Rewe Group) Grocery retail 17.171 58,526 Cologne
58. Netto Marken-Discount AG & Co. KG (part of Edeka Zentrale AG & Co. KG) Retail 17.100 87,300 Maxhütte-Haidhof
59. Aurubis AG Copper producer 17.064 7,230 Hamburg
60. Brenntag AG Chemical distribution 16.815 17,700 Essen
61. Schaeffler AG Metalworking industry 16.313 83,362 Herzogenaurach
62. Infineon Technologies AG Semiconductors 16.309 58,590 Neubiberg
63. dm-drogerie markt GmbH & Co. KG Retail 15.900 79,745 Karlsruhe
64. Adam Opel AG Automotive 15.851 – Rüsselsheim
65. Knauf Gruppe Building materials, building systems 15.600 42,500 Iphofen
66. Evonik Industries AG Specialty chemicals 15.267 33,409 Essen
67. Lekkerland AG & Co. KG Conglomerate 15.100 5,700 Frechen
68. Otto (GmbH & Co KG) E-commerce 14.995 38,456 Hamburg
69. BSH Hausgeräte GmbH (part of Robert Bosch GmbH) Electrical engineering, home appliances 14.800 60,000 Munich
70. MAN Truck & Bus SE (part of Traton) Commercial vehicle manufacturing 14.800 36,000 Munich
71. TotalEnergies Holding Deutschland GmbH Petroleum, energy 14.700 1,800 Berlin
72. Marquard & Bahls AG Petroleum/energy 14.484 – Hamburg
73. Covestro AG Advanced materials, chemicals 14.377 14,100 Leverkusen
74. Lufthansa Air Plus Servicekarten GmbH (part of Lufthansa AG) Financial services 14.200 – Neu-Isenburg
75. Mahle GmbH Automotive supplier 12.818 72,373 Stuttgart
76. Droege International Group AG Industrial holding company 12.400 10,000 Düsseldorf
77. Remondis SE & Co. KG Water and recycling management 12.100 43,000 Lünen
78. Maxingvest GmbH & Co. KGaA Holding company 12.044 – Hamburg
79. Edeka Minden eG Retail 12.001 25,685 Minden
80. Freudenberg Sealing Technologies Industry 11.903 52,241 Weinheim
81. Dirk Rossmann GmbH Drugstores 11.796 62,100 Burgwedel
82. KION GROUP AG Mechanical engineering 11.434 42,325 Wiesbaden
83. Exxon Mobil Central Europe Holding GmbH Petroleum 11.037 – Hamburg
84. Stadtwerke Köln GmbH Utilities 11.022 – Cologne
85. Airbus Operations GmbH Civil aviation 10.796 – Hamburg
86. Salzgitter AG Steel production 10.790 25,183 Salzgitter
87. Südzucker AG Food 10.289 20,114 Mannheim
88. Zalando SE E-commerce 10.143 15,793 Berlin
89. Carl Zeiss AG Optics 10.108 42,992 Oberkochen
90. Alliance Healthcare Deutschland GmbH Pharmaceutical wholesale 10.029 – Frankfurt
91. EWE AG Utilities 10.005 10,845 Oldenburg
92. Delivery Hero SE Delivery service 9.942 44,612 Berlin
93. Globus Holding GmbH & Co. KG Retail 9.820 44,790 St. Wendel
94. DB Regio AG (part of Deutsche Bahn AG) Transport, public local transport 9.706 – Frankfurt
95. Thüga Holding GmbH & Co. KGaA Utilities 9.703 – Munich
96. Stadtwerke München GmbH Utilities 9.672 – Munich
97. MHK Group AG Home and living 9.661 616 Dreieich
98. Esso Deutschland GmbH Energy 9.558 – Munich
99. Jet Tankstellen Deutschland GmbH Petroleum 9.541 – Hamburg
100. Noweda eG Pharmaceutical wholesale 9.472 3,399 Essen

2024 Fortune list

This list displays all 29 German companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023.[5] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.

Rank Fortune 500
rank		 Name Industry Revenue
(USD millions)		 Profits
(USD millions)		 Employees Headquarters
1 11 Volkswagen Automotive 348,409 17,945 684,025 Wolfsburg
2 41 BMW Automotive 168,103 12,205 154,950 Munich
3 42 Mercedes-Benz Group Automotive 165,638 15,417 166,056 Stuttgart
4 77 Deutsche Telekom Telecommunications 121,046 19,239 199,652 Bonn
5 79 Uniper Electric utility 116,663 6,819 6,863 Düsseldorf
6 82 Allianz Insurance 113,518 9,233 157,883 Munich
7 101 E.ON Electric utility 101,280 559 72,242 Essen
8 105 Robert Bosch GmbH Automotive parts 99,021 2,271 429,416 Stuttgart
9 103 DHL Group Transportation 88,386 3,975 551,233 Bonn
10 145 Siemens Conglomerate 82,932 8,477 320,000 Munich / Berlin
11 172 BASF Chemicals 74,487 243 111,991 Ludwigshafen
12 205 Deutsche Bank Banking 65,978 6,645 90,130 Frankfurt
13 215 Munich Re Insurance 63,353 4,979 42,812 Munich
14 227 Daimler Truck Automotive 60,420 4,081 102,946 Leinfelden-Echterdingen
15 257 Edeka Zentrale Retail 54,455 462 410,700 Hamburg
16 274 Deutsche Bahn Transportation 53,198 −2,566 326,781 Berlin
17 286 Bayer Pharmaceuticals 51,498 −3,179 99,723 Leverkusen
18 290 Phoenix Pharmahandel Retail 50,935 234 41,276 Mannheim
19 295 ZF Friedrichshafen Automotive parts 50,407 −34 165,938 Friedrichshafen
20 312 Landesbank Baden-Württemberg Banking 48,567 1,080 10,434 Stuttgart
21 316 EnBW Electric utility 48,032 1,662 26,943 Karlsruhe
22 327 Talanx Insurance 46,156 1,709 27,863 Hanover
23 344 Continental AG Automotive parts 44,778 1,250 202,763 Hanover
24 374 Lufthansa Airline 40,455 1,807 79,759 Cologne
25 377 ThyssenKrupp Conglomerate 40,028 −2,210 99,981 Essen
26 404 DZ Bank Banking 37,221 2,303 29,901 Bad Homburg
27 450 SAP SE Technology 34,542 6,637 107,602 Walldorf
28 478 Siemens Energy Energy technology 33,184 −4,833 94,000 Munich
29 494 Metro AG Retail 32,579 468 81,834 Düsseldorf

2024 Forbes list

This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars and are for the year 2024. All 49 companies in the Forbes 2000 from Germany are listed.[6]

Rank Forbes
2000 rank		 Name Headquarters Revenue
(billions
US$)		 Profit
(billions
US$)		 Assets
(billions
US$)		 Value
(billions
US$)		 Industry
1 31 Allianz Munich 148.2 9.7 1,056.8 113.8 Insurance
2 43 Volkswagen Wolfsburg 348.6 16.3 672.0 65.6 Automotive
3 52 Mercedes-Benz Stuttgart 164.3 14.4 288.5 77.1 Automotive
4 61 BMW Munich 168.3 11.6 274.7 65.8 Automotive
5 62 Deutsche Telekom Bonn 121.5 4.8 318.8 119.1 Telecommunications
6 68 Siemens Munich / Berlin 84.4 8.0 156.3 148.2 Conglomerate
7 96 Munich Re Munich 70.0 5.0 298.9 65.1 Insurance
8 146 Deutsche Bank Frankfurt 68.0 4.9 1,437.3 33.6 Banking
9 202 Deutsche Post Bonn 87.9 3.8 74.2 51.3 Transportation
10 230 SAP SE Walldorf 34.5 2.1 78.8 244.7 Technology
11 238 Daimler Truck Leinfelden-Echterdingen 60.7 4.2 79.5 34.4 Automotive
12 279 E.ON Essen 89.8 1.3 123.1 36.1 Electric utility
13 310 Merck Group Darmstadt 22.6 3.0 53.5 79.1 Pharmaceuticals
14 311 Commerzbank Frankfurt 25.7 2.6 596.1 19.9 Banking
15 318 Talanx Hanover 54.0 1.9 179.7 20.1 Insurance
16 337 RWE Essen 28.0 1.9 111.5 28.1 Electric utility
17 448 Infineon Technologies Munich 16.9 2.8 31.4 52.2 Technology
18 500 Henkel Düsseldorf 23.3 1.4 35.0 38.3 Consumer goods
19 535 HeidelbergCement Heidelberg 22.9 2.1 40.2 19.0 Building material
20 550 BASF Ludwigshafen 72.1 0.0 88.3 47.5 Chemicals
21 558 Deutsche Börse Frankfurt 6.6 1.9 262.9 37.2 Finance
22 583 Bayer Leverkusen 51.9 −3.4 129.5 30.5 Pharmaceuticals
23 665 Lufthansa Cologne 38.8 1.5 51.1 8.7 Airline
24 681 Continental AG Hanover 44.3 0.8 40.8 13.6 Automotive parts
25 714 EnBW Karlsruhe 41.9 0.0 7.6 19.7 Electric utilities
26 723 Porsche SE Stuttgart 5.7 5.5 68.9 16.5 Automotive
27 744 Siemens Energy Munich 34.6 −2.4 54.2 21.5 Energy
28 829 Fresenius Bad Homburg 29.6 −0.7 47.8 17.1 Healthcare
29 829 Adidas Herzogenaurach 23.4 0.1 19.9 44.5 Apparel
30 1031 Beiersdorf Hamburg 10.2 0.9 14.1 35.2 Consumer goods
31 1077 Vonovia Bochum 5.3 −4.3 101.6 26.3 Real estate
32 1177 ThyssenKrupp Essen 38.7 −2.5 33.3 3.4 Conglomerate
33 1225 Brenntag Essen 17.7 0.7 11.5 10.9 Chemicals
34 1328 Rheinmetall Düsseldorf 8.0 0.6 12.5 24.2 Aerospace and defense
35 1331 Evonik Industries Essen 16.3 −0.4 22.1 10.2 Chemicals
36 1343 TUI AG Hanover 23.5 0.6 17.5 3.6 Hospitality
37 1498 Knorr-Bremse Munich 8.7 0.7 9.5 13.0 Technology
38 1502 Schaeffler Group Herzogenaurach 17.6 0.5 18.7 4.6 Automotive parts
39 1595 Covestro Leverkusen 15.3 −0.2 14.8 9.9 Chemicals
40 1671 BayWa Munich 24.8 −0.1 14.3 0.9 Retail
41 1690 Wüstenrot & Württembergische Stuttgart 5.8 0.3 73.8 1.3 Finances
42 1695 Ceconomy Düsseldorf 24.2 0.1 10.8 1.5 Retail
43 1708 KION Group Frankfurt 12.5 0.4 20.6 6.4 Technology
44 1790 Südzucker Mannheim 11.1 0.6 11.4 3.1 Food processing
45 1813 Deutsche Pfandbriefbank Unterschleißheim 3,1 0.1 56.2 0.8 Banking
46 1831 Diebold Nixdorf Hudson, Ohio 3.8 1.5 3.9 3.6 Financial services
47 1856 Aurubis Hamburg 17.9 0.1 8,3 3.7 Mining
48 1873 Aareal Bank Wiesbaden 3.1 0.0 51.7 2.2 Banking
49 1986 Delivery Hero Berlin 10.7 −2.5 11.9 9.8 Food delivery

References

  1. ↑ WELT, Michael Gneuss. "Wirtschafts-Ranking: WELT Top 500 – das sind Deutschlands größte Unternehmen - WELT". DIE WELT (in German). Retrieved 2026-06-01.
  2. 1 2 "Schwarz-Gruppe: Der Discounter erzielt 344 Millionen Euro Umsatz pro Tag" (in German). 2024-05-24. Retrieved 2024-05-27.
  3. ↑ "Internationale Karriere bei Lidl". Retrieved 2023-05-25.
  4. ↑ "Was uns als Arbeitgeber ausmacht" (in German). Retrieved 2023-05-25.
  5. ↑ "Global 500". Fortune. Retrieved 2019-07-25.
  6. ↑ "The World's Largest Public Companies". Forbes. Retrieved 2019-07-25.

See also

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