New Mexico

Highlights

• #8 of 50: Momentum
• #35 of 50: Innovation and patents
• #35 of 50: Talent

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 -0.5 #36 of 50
• Startup formation -0.9 #47 of 50
• Scale-ups -0.5 #36 of 50
• Economic output and wealth -1.2 #45 of 50
• Innovation and patents -0.3 #35 of 50
• Talent -0.5 #35 of 50
• Momentum +0.7 #8 of 50

Top companies

The largest companies headquartered in New Mexico, by latest annual revenue.

1. TXNM Energy Inc. TXNM · Utilities · Albuquerque, NM $2.2B
2. Array Technologies Inc. ARRY · Technology · Albuquerque, NM $1.3B

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

Metros in New Mexico

• Albuquerque, NM #65 of 109 metros 37