includes only firms with revenue greater than $2 billion in the most recent fiscal year
Supplementary notes
The source includes the following note:
The list excludes companies based outside the U.S., companies that don’t pay income tax, mutually owned companies, cooperatives, companies with fewer than 100 employees, and companies that are more than 50% owned by another public, private or non-U.S. company.
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United States: largest private retail companies in 2025, by revenue
In 2025, Menards revenues were estimated to reach 13.1 billion U.S. dollars, making it the largest privately owned company in the United States retail sector. Menards is a chain of home improvement stores located in the Midwestern United States.
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Forbes. (December 17, 2025). Leading privately owned retailing companies in the United States in 2025, by revenue (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 23, 2026, from /statistics/1087068/largest-private-us-companies-retailing/
Forbes. "Leading privately owned retailing companies in the United States in 2025, by revenue (in billion U.S. dollars)." Chart. December 17, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 23, 2026. /statistics/1087068/largest-private-us-companies-retailing/
Forbes. (2025). Leading privately owned retailing companies in the United States in 2025, by revenue (in billion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 23, 2026. /statistics/1087068/largest-private-us-companies-retailing/
Forbes. "Leading Privately Owned Retailing Companies in The United States in 2025, by Revenue (in Billion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 17 Dec 2025, /statistics/1087068/largest-private-us-companies-retailing/
Forbes, Leading privately owned retailing companies in the United States in 2025, by revenue (in billion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1087068/largest-private-us-companies-retailing/ (last visited July 23, 2026)
Leading privately owned retailing companies in the United States in 2025, by revenue (in billion U.S. dollars) [Graph], Forbes, December 17, 2025. [Online]. Available: /statistics/1087068/largest-private-us-companies-retailing/