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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 R$ 110.7 billion for 2024, São Paulo would be among the 13 largest companies on the Stock Exchange, according to a study by Elos Ayta. The capital is only behind giants such as Petrobras, JBS, and major 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 largest companies on the B3. The city’s budget is a true powerhouse: R$ 110.7 billion. This sum places São Paulo among the 13 largest on the Brazilian stock exchange, falling short only to 12 companies that posted higher revenues in the 12-month period ending June 2024. And we are talking about heavyweight names, such as Petrobras and Itaú!
Now, if you think that comparing a city to publicly traded companies is unusual, wait until you see the list of the “giants.” São Paulo is one of the largest economies in the country, and this comparison only reinforces the significance the city holds on the national stage.
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Petrobras and JBS Lead the Revenue Ranking
The top position in the ranking is no surprise to anyone. Petrobras (PETR3; PETR4) remains the largest company in Brazil in terms of revenue, with an impressive R$ 499.1 billion in 12 months. Second place goes to the meat giant, JBS (JBSS3), which reached a revenue of R$ 377.5 billion in the same period.
What’s interesting is that these companies, which lead the Stock Exchange, operate in strategic sectors: oil and food, both essential for Brazil. Petrobras, being the country’s energy pillar, and JBS, supplying both the domestic and international markets with meat and by-products.
The Banks Also Make Their Mark Among the Giants
When we talk about revenue, 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) stands out, occupying the third position with R$ 299 billion in revenue, followed by Banco do Brasil (BBAS3), which reported R$ 285.8 billion.
This group of banks not only dominates the Stock Exchange but also has a considerable influence on the national economy. The financial operations they conduct impact millions of people and companies, which justifies these impressive numbers.
Vale, Ambev, and More: Who Is on the List of the Largest Surpassing São Paulo
Besides the energy and financial sectors, other companies stand out. Vale (VALE3), a giant in mining, reported a revenue of R$ 210.1 billion, proving the strength of the mining sector in Brazil. Other brands, such as Ambev (ABEV3) and Bradesco (BBDC3), also appear on the list of the largest companies, all surpassing 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 continues to be the economic engine of Brazil, whether in the public or private sector. And with that, we can only imagine the impact it would have on our financial market!
Complete List of Companies That Surpass the Budget of São Paulo:
1st Petrobras (PETR3; PETR4): R$ 499.1 billion
2nd JBS (JBSS3): R$ 377.5 billion
3rd Itaú (ITUB4): R$ 299 billion
4th Banco do Brasil (BBAS3): R$ 285.8 billion
5th Bradesco (BBDC3): R$ 241 billion
6th Vale (VALE3): R$ 210.1 billion
7th Ambev (ABEV3): R$ 195 billion
8th Magazine Luiza (MGLU3): R$ 180 billion
9th BRF (BRFS3): R$ 155.7 billion
10th B3 (B3SA3): R$ 145.8 billion
11th Telefônica Brasil (VIVT3): R$ 135.4 billion
12th Gerdau (GGBR4): R$ 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!
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