Alabama

Highlights

• #17 of 50: Momentum
• #29 of 50: Talent
• #33 of 50: Scale-ups

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital -0.6 #38 of 50
• Startup formation -0.8 #43 of 50
• Scale-ups -0.4 #33 of 50
• Economic output and wealth -1.2 #45 of 50
• Innovation and patents -0.6 #37 of 50
• Talent -0.2 #29 of 50
• Momentum +0.2 #17 of 50

Top companies

The largest companies headquartered in Alabama, by latest annual revenue.

1. Vulcan Materials Company VMC · Materials · Birmingham, AL $7.9B
2. Regions Financial Corporation RF · Financials · Birmingham, AL $7.5B
3. Brasfield & Gorrie Private · Construction · Birmingham, AL $6.4B
4. Encompass Health Corporation EHC · Healthcare · Birmingham, AL $5.9B
5. Coca-Cola Bottling Co United Private · Food, Drink & Tobacco · Birmingham, AL $4.2B

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in Alabama

• Birmingham, AL #46 of 109 metros 47
• Huntsville, AL #49 of 109 metros 46