The top 500 companies in Australia revealed

richest australians

Gina Rinehart is seen on Melbourne Cup Day at Flemington Racecourse in Melbourne on Tuesday, November 1, 2016. Source: AAP Image/Julian Smith.

High performing industries, rather than strong revenue growth, was the factor determining which businesses ranked highly on IBISWorld’s 2019 private company rankings.

The Australian Financial Review published the full list of 500 top-performing companies this morning, showing familiar faces leading the pack by a large mile.

Anthony Pratt’s recycling company Visy tops the list for the 10th year running with 3% growth overall. Gina Rinehart’s Hancock Prospecting follows close behind, growing by 21.1%, thanks to rising iron ore prices.

Although it grew by 9.4%, Cotton On Group relinquished its top-10 spot from last year, falling six places. Similarly, Metricon Homes Group saw 10.1% growth, but fell four places, ranking 26th this year.

Notably, construction and infrastructure companies climbed rankings on both the newcomer’s top-10 list and the overall top-10 list.

Meriton and Hutchies both advanced one spot within the top 10, to fourth and sixth respectively. Transport giant Linfox grew by 3.6% and made a massive jump to seventh overall from 17th last year.

BMD Group and McMahon Services also made the top-10 newcomers list, but both performances paled compared to their electricity distributor competition.

Ausgrid Group debuted at number 10 overall with revenue of $2.6 billion, while TransGrid’s year-on-year revenue saw 13.8% growth.

Food companies also moved up the list, with Teys Australia retaining its top-10 spot at number eight and Thomas Foods International growing22% to jump five places.

Baiada Poultry also joined the top 500 list for the first time at number 22.

IBISWorld’s top 20 largest Australian private companies, and their revenue

  1. Visy — $6.9 billion, up 3%
  2. Hancock Prospecting — $6.08 billion, up 21.1%
  3. CBH Group — $3.96 billion, up 6.6%
  4. Meriton — $2.92 billion, up 5%
  5. HCF — $2.86 billion, up 6.7%
  6. Hutchies — $2.82 billion, up 5.3%
  7. Linfox — $2.82 billion, up 3.6%
  8. Teys Australia — $2.7 billion, up 3.9%
  9. PwC Australia — $2.6 billion, up 10.6%
  10. Ausgrid Group — $2.86 billion, down 0.7%
  11. Peregrine Corporation — $2.3 billion, up 7.2%
  12. Deloitte Touche Tohmatsu — $2.86 billion, up 14.3%
  13. St Vincent’s Health Australia — $2.26 billion, up 6.4%
  14. BGC — $2.22 billion, up 3.2%
  15. GHD Group — $2.17 billion, up 14%
  16. Cotton On Group — $2.08 billion, up 9.4%
  17. PFD Food Services — $2.01 billion, up 2.5%
  18. EY — $1.89 billion, up 5.7%
  19. St John of God Health Care — $1.8 billion, up 5.6%
  20. KPMG — $1.78 billion, up 8.5%

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