Texas is the new capital of the Fortune 500—taking California’s crown

Everything’s bigger in Texas—including the companies. The Lone Star State is now home to the most Fortune 500 companies, dethroning California as the capital of the Fortune 500. 

The state’s 57 Fortune 500 companies ranked roughly $2.8 trillion in renevue last year, compared to California’s 56 businesses and roughly $2.7 trillion revenue. New York comes in third with 53 companies and $2.2 trillion. 

In recent years, Texas’ anti-regulation and low tax policies have attracted companies including Tesla, McKesson, and Oracle to move their home bases to the state. Still, Texas remains second to the Golden State when it comes to profits and market value. 

The state has long been home to Fortune 500 staples such as Dell Technologies, Exxon, and AT&T, and the companies span across the state. Houston is home to 25 Fortune companies such as Chevron, Sysco, and Phillips 66. Dallas is home to 11 companies, including AT&T and CBRE Group. The capital, Austin, which has emerged as a major tech and finanicial hub is home to just two Fortune 500 companies: Tesla and Oracle. 

This year, the state added three Fortune 500 companies, bringing it to the 57 total, the highest total since 2010. Texas is one of the fastest-growing states in terms of population and added 391,243 residents in 2025, the highest number out of all 50 states, according to the Census Bureau. 

Check out how Texas-based businesses ranked this year. 

This story was originally featured on Fortune.com