IBISWorld has compiled a list of the top 1000 companies in Australia and New Zealand, providing in-depth insights across over 300 industries, which have collectively generated $2.9 trillion in revenue.
IBISWorld’s Top 1,000 Companies List provides a comprehensive ranking of the leading companies across the region by revenue. The rankings leverage the latest company data and research to provide you with valuable insights into the current state of the economy and its largest players.
This year’s rankings reflect a shifting landscape. Rio Tinto (1st) overtook BHP Group (2nd) with an impressive $91.9 billion in revenue, while Commonwealth Bank of Australia jumped to 4th place after achieving 33.7% revenue growth. Although foreign-owned companies featured more on this year’s list, it was the Australian-owned companies that remained on top, accounting for 65.6% of the total revenue.
IBISWorld reports that the supermarkets and grocery stores industry have benefited amid a cost-of-living crisis as consumers have cut back on discretionary spending in order to afford the essential household goods they sell.
“The top Australian supermarkets, Woolworths Group (3rd) and Coles Group (9th), have experienced 5.7% and 7.6% growth, respectively, amid inflationary pressures that saw consumers allocating more of their spending to necessities like groceries,” said the report.
“Campaigns like “Great Value, Hands Down” and “Dine In” have assisted the supermarket giants in stimulating demand from budget-conscious customers through providing affordable ready-made meals and an expanded product range. Increased volume turnover has contributed to Coles and Woolworths both seeing profit margins edge up over the year.”
While cost-of-living pressures are set to ease and further cash rate cuts are forecast for 2025, increased consumer spending is projected to drive supermarkets and grocery stores’ continual success in the year ahead. However, recent ACCC recommendations would allow for greater competition in the industry if implemented.
View IBISWorld’s 2025 Top 1,000 AU & NZ Companies List here.
