In 2023, Menards revenues were estimated to reach 13.4 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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Leading privately owned retailing companies in the United States in 2023, by revenue
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
Menards
13.4
Petsmart
9.7
WinCo Foods
9.5
Discount Tire
8.93
84 Lumber
8.75
Great American Outdoors Group
8.1
Staples
8
Hobby Lobby Stores
7.9
Harbor Freight Tools
6.5
Fanatics
6
Stater Bros
5.5
New Balance
5.3
Michaels Companies
5.1
Created with Highcharts 7.2.2Revenue in billion U.S. dollars13.413.49.79.79.59.58.938.938.758.758.18.1887.97.96.56.5665.55.55.35.35.15.14.54.5443.13.12.92.92.82.82.552.552.52.5MenardsPetsmartWinCo FoodsDiscount Tire84 LumberGreat American Outdoors GroupStaplesHobby Lobby StoresHarbor Freight ToolsFanaticsStater BrosNew BalanceMichaels CompaniesNeiman Marcus GroupRooms To GoBelk99 Cents Only StoresFollettJ. CrewMicro Electronics
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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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Forbes. (November 14, 2023). Leading privately owned retailing companies in the United States in 2023, by revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 17, 2025, from https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/
Forbes. "Leading privately owned retailing companies in the United States in 2023, by revenue (in billion U.S. dollars)." Chart. November 14, 2023. Statista. Accessed July 17, 2025. https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/
Forbes. (2023). Leading privately owned retailing companies in the United States in 2023, by revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 17, 2025. https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/
Forbes. "Leading Privately Owned Retailing Companies in The United States in 2023, by Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Nov 2023, https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/
Forbes, Leading privately owned retailing companies in the United States in 2023, by revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/ (last visited July 17, 2025)
Leading privately owned retailing companies in the United States in 2023, by revenue (in billion U.S. dollars) [Graph], Forbes, November 14, 2023. [Online]. Available: https://www.statista.com/statistics/1087068/largest-private-us-companies-retailing/
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