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With a budget of R$110,7 billion in 2024, São Paulo would be among the giants of the Stock Exchange, surpassed in revenue only by a few corporations!
With a budget of $ 110,7 billion by 2024, São Paulo would be among the 13 largest companies in the Stock exchange, according to a study by Elos Ayta. The capital of São Paulo is behind only giants such as Petrobras, JBS and big banks in the revenue ranking, according to the website infomoney.
If the city of São Paulo were a publicly traded company, it would be at the top of the market, rivaling the biggest companies in the B3. The metropolis' budget is a real powerhouse: $ 110,7 billion. This sum places São Paulo among the 13 largest companies on the Brazilian stock exchange, losing only to 12 companies, which had higher revenues in the 12 months to June 2024. And we are talking about big names, such as Petrobras and Itau!
Now, if you think the comparison between a city and publicly traded companies is unusual, wait until you see the list of “giants”. São Paulo is one of the largest economies in the country, and this comparison only reinforces the importance that the city has on the national scene.
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Petrobras and JBS lead the revenue ranking
The first position in the ranking is no surprise to anyone. The Petrobras (PETR3; PETR4) continues to be the largest company in Brazil in terms of revenue, with impressive $ 499,1 billion in 12 months. Second place goes to the meat giant, JBS (JBSS3), which achieved a turnover of $ 377,5 billion in the same period.
The curious thing is that these companies, which lead the Stock Exchange, operate in strategic sectors: oil and food, both essential for Brazil. The Petrobras, being the country's energy pillar, and JBS, supplying both the domestic and foreign markets with meat and derivatives.
Banks are also present among the giants
When we talk about revenues, banks are not left out. And, of course, four of the largest financial institutions appear in the ranking, showing that the sector remains strong in Brazil. Itaú (ITUB4) is the highlight, occupying the third position with $ 299 billion of revenue, followed by the Bank of Brazil (BBAS3), which presented $ 285,8 billion.
This group of banks not only dominates the Stock Exchange, but also has considerable influence on the national economy. The financial operations they conduct involve millions of people and companies, which justifies these impressive numbers.
Vale, Ambev and more: who is on the list of the biggest in São Pauloo
In addition to the energy and financial sectors, other companies stand out. Voucher (VALLEY3), a mining giant, reported revenues of $ 210,1 billion, proving the strength of the mining sector in Brazil. Other brands, such as Ambev (ABEV3) e Bradesco (BBDC3), also appear on the list of the largest companies, all exceeding the budget of the city of São Paulo.
And now, the big question: with a budget of over R$110 billion, would São Paulo have the structure to operate as a publicly traded company? What is known is that the capital of São Paulo continues to be the economic engine of Brazil, whether in the public or private sector. And with that, we can only imagine the impact that would have on our financial market!
Full list of companies that exceed the budget in São Paulo:
1 º Petrobras (PETR3; PETR4): BRL 499,1 billion
2 º JBS (JBSS3): BRL 377,5 billion
3 º Itaú (ITUB4): BRL 299 billion
4 º Bank of Brazil (BBAS3): BRL 285,8 billion
5 º Bradesco (BBDC3): BRL 241 billion
6 º Voucher (VALLEY3): BRL 210,1 billion
7 º Ambev (ABEV3): BRL 195 billion
8 º Magazine Luiza (MGLU3): BRL 180 billion
9 º BRF (BRFS3): BRL 155,7 billion
10 º B3 (B3SA3): BRL 145,8 billion
11 º Telefonica Brazil (VIVT3): BRL 135,4 billion
12 º Gerdau (GGBR4): BRL 121,1 billion
Do you think São Paulo should follow the example of these companies and make its symbolic “IPO” on the Stock Exchange? Leave your opinion in the comments!
