Arizona’s largest publicly traded companies raked in noticeably more cash in 2025, with combined revenue climbing roughly 12 percent over the prior year. The twist is that a small cluster of huge Phoenix area headquarters still dominates the corporate landscape and heavily skews the statewide totals.
According to Phoenix Business Journal, the annual ranking, drawn from SEC filings, shows that aggregate revenue for 55 Arizona based, publicly held firms rose about 12 percent in 2025. The list also underscores how a handful of very large players account for most of the dollars.
Which Firms Moved the Needle
Mining powerhouse Freeport‑McMoRan helped do the heavy lifting, reporting roughly $25.9 billion in revenue for fiscal 2025, per its annual 10 K filing, which leaves it among the biggest corporate contributors in the state. Freeport’s 2025 10 K also shows the company poured significant money into major projects during the year.
Republic Services, the Phoenix based waste hauler, added another sizable chunk. The company posted about $16.59 billion in revenue for 2025, according to its full year earnings release, underscoring how a few big service outfits help lift the overall total. Republic Services’ release also lays out its financial guidance for 2026.
Tech and Distribution Were Mixed
Not every sector was in full sprint. Semiconductor maker onsemi reported roughly $6.0 billion in revenue for fiscal 2025 in its proxy materials, a comedown from peak years that illustrates how choppy chip demand can be. onsemi’s proxy statement details the 2025 results…