Texas

Highlights

• #6 of 50: Momentum
• #7 of 50: Scale-ups
• #11 of 50: Venture capital

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 #11 of 50
• Startup formation +0.3 #15 of 50
• Scale-ups +0.8 #7 of 50
• Economic output and wealth +0.5 #13 of 50
• Innovation and patents +0.1 #24 of 50
• Talent +0.3 #20 of 50
• Momentum +0.8 #6 of 50

Top companies

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

1. McKesson Corporation MCK · Healthcare · Irving · Dallas–Fort Worth, TX metro $403B
2. ExxonMobil Corporation XOM · Energy · Spring · Houston, TX metro $332B
3. Chevron Corporation CVX · Energy · Houston, TX $189B
4. Phillips 66 PSX · Energy · Houston, TX $137B
5. AT&T Inc. T · Communication Services · Dallas–Fort Worth, TX $126B

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

Metros in Texas

• Dallas–Fort Worth, TX #20 of 109 metros 60
• Houston, TX #27 of 109 metros 57
• San Antonio, TX #64 of 109 metros 37