Jun 01, 2020

Australia's top 10 companies by revenue for 2015

BHP Billiton
Woolworths
Telstra
Coles
Bizclik Editor
2 min
Australia's top 10 companies by revenue for 2015

Behind a bustling grocery and hardware sector, Wesfarmers grew its total revenue by 3.9 per cent to $62.78 billion en route to eclipsing Woolworths’ total revenue of $61.15 billion in 2015.

Australian research company IBISWorld attributes the change to Coles gaining market share in the supermarkets and grocery stores industry.

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Wesfarmers and Woolworths both surpassed mining giant BHP Billiton, which held the top spot as Australia’s top company by revenue since 2010. BHP dropped in 2015 partially due to the South 32 demerger, which dragged its overall revenue down by more than 20 per cent.

IBISWorld senior industry analyst Brooke Tonkin said Woolworths’ supermarkets business was tipped to grow 1.1 per cent this year — much slower than Aldi or Coles.

“Coles and Aldi are both offering lower prices, so Woolworths has quite a bit of work to do,” she said. “Costco and Aldi are both growing really strongly thanks to new store openings.”

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The big four banks remain the largest four companies in the country by assets, holding $3.5 trillion between them, despite the low interest rate environment putting pressure on growth. NAB was the only one of the big four to see a fall in revenue, dropping 2.8 per cent.

Below are Australia’s top 10 companies by revenue:

10. Caltex — $24.240 billion (-2.0 per cent)

9. Telstra — $26.764 billion (+1.2 per cent)

8. ANZ — $36.356 billion (+3.1 per cent)

7. Westpac — $39.670 billion (+2.7 per cent)

6. NAB — $43.650 billion (-2.8 per cent)

5. Commonwealth Bank — $45.310 billion (+2.3 per cent)

4. BHP Billiton — $59.342 billion (-21.3 per cent)

3. Rio Tinto — $60.277 billion (-6.9 per cent)

2. Woolworths — $61.149 billion (-0.1 per cent)

1. Wesfarmers — $62.777 billion (+3.9 per cent)

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