Virginia

Highlights

• #3 of 50: Talent
• #10 of 50: Startup formation
• #13 of 50: Economic output and wealth

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 +0.2 #16 of 50
• Startup formation +0.4 #10 of 50
• Scale-ups +0.3 #16 of 50
• Economic output and wealth +0.5 #13 of 50
• Innovation and patents +0.1 #24 of 50
• Talent +1.2 #3 of 50
• Momentum 0.0 #23 of 50

Top companies

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

1. Performance Food Group Company PFGC · Consumer Staples · Richmond, VA $67.8B
2. Ferguson Enterprises Inc. FERG · Industrials · Newport News · Virginia Beach–Norfolk, VA-NC metro $30.8B
3. CarMax Inc KMX · Consumer Discretionary · Richmond, VA $25.9B
4. Altria Group Inc. MO · Consumer Staples · Richmond, VA $23.3B
5. Dollar Tree Inc. DLTR · Consumer Staples · Chesapeake · Virginia Beach–Norfolk, VA-NC metro $19.4B

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

Metros in Virginia

• Washington, DC-VA-MD #6 of 109 metros 72
• Richmond, VA #34 of 109 metros 52
• Virginia Beach–Norfolk, VA-NC #77 of 109 metros 30