There is no debating the fact that 2020 was a tough year for business. Jobs were lost. Businesses were shuttered. Some companies were forced to pivot, then pivot again, and then pivot again. Even with the challenges the COVID-19 pandemic presented, some Arizona-based public companies were still able to have a banner year in 2020. Here are 2020’s 20 most-profitable companies in Arizona, based on corporate financial statements.
READ ALSO: 100 best places to work in Arizona
The 20 most-profitable public companies in Arizona
1. Align Technology
What the company does: Teeth aligners
Headquarters: Tempe
2020 revenue: $2,472,000,000
2020 profit: $1,776,000,000
2. Republic Services
What the company does: Waste collection
Headquarters: Phoenix
2020 revenue: $10,154,000,000
2020 profit: $967,000,000
3. Amerco
What the company does: Rental trucks
Headquarters: Phoenix
2020 revenue: $4,304,000,000
2020 profit: $659,000,000
4. Freeport-McMoRan
What the company does: Copper mining
Headquarters: Phoenix
2020 revenue: $14,198,000,000
2020 profit: $599,000,000
5. NortonLifeLock
What the company does: Cybersecurity
Headquarters: Tempe
2020 revenue: $2,493,000,000
2020 profit: $591,000,000
6. Pinnacle West Capital
What the company does: Electric utility
Headquarters: Phoenix
2020 revenue: $3,587,000,000
2020 profit: $551,000,000
7. Western Alliance Bancorp
What the company does: Banking
Headquarters: Phoenix
2020 revenue: $1,206,000,000
2020 profit: $507,000,000
8. Meritage Homes
What the company does: Homebuilding
Headquarters: Scottsdale
2020 revenue: $4,506,000,000
2020 profit: $423,000,000
9. Knight-Swift Transportation
What the company does: Trucking
Headquarters: Phoenix
2020 revenue: $4,674,000,000
2020 profit: $410,000,000
10. First Solar
What the company does: Solar energy
Headquarters: Tempe
2020 revenue: $2,711,000,000
2020 profit: $398,000,000
11. Magellan Health
What the company does: Health benefits
Headquarters: Phoenix
2020 revenue: $4,578,000,000
2020 profit: $382,000,000
12. Amkor Technology
What the company does: Semiconductors
Headquarters: Tempe
2020 revenue: $5,051,000,000
2020 profit: $338,000,000
13. Microchip Technology
What the company does: Semiconductors
Headquarters: Chandler
2020 revenue: $5,298,000,000
2020 profit: $333,000,000
14. Carlisle
What the company does: Plastics, rubber
Headquarters: Scottsdale
2020 revenue: $4,245,000,000
2020 profit: $320,000,000
15. Cable One
What the company does: Cable TV, Internet
Headquarters: Phoenix
2020 revenue: $1,325,000,000
2020 profit: $304,000,000
16. Sprouts Farmers Market
What the company does: Grocery stores
Headquarters: Phoenix
2020 revenue: $6,469,000,000
2020 profit: $287,000,000
17. Grand Canyon Education
What the company does: Higher education
Headquarters: Phoenix
2020 revenue: $846,000,000
2020 profit: $257,000,000
18. Taylor Morrison Home
What the company does: Homebuilding
Headquarters: Scottsdale
2020 revenue: $6,129,000,000
2020 profit: $243,000,000
19. ON Semiconductor
What the company does: Semiconductors
Headquarters: Phoenix
2020 revenue: $5,255,000,000
2020 profit: $236,000,000
20. STORE Capital
What the company does: Retail REIT
Headquarters: Scottsdale
2020 revenue: $694,000,000
2020 profit: $213,000,000
