McKesson emerges as D-FW’s largest public company

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The D-FW Top 150 Companies looks at the health the region’s biggest publicly traded firms, from high-profile companies such as AT&T and American Airlines to...

McKesson's campus in Irving has a museum-like display with models of a doctor's office, pharmacy counter and hospital room to demonstrate how the company helps keep pharmaceuticals and supplies in stock.There’s a new king among the largest publicly traded companies in the Dallas-Fort Worth area after energy giant Exxon Mobil moved its corporate headquarters to the Houston area last year.

Taking in $276.7 billion in revenue in 2023 and first place in the D-FW’s 2024 Top 150 Companies list is, which saw sales increase 5% from 2022 to 2023. McKesson, which has about 51,000 employees with a median salary of $64,000, gets the vast majority of its sales from selling pharmaceuticals to hospitals, pharmacy benefits managers and other medical providers, according to regulatory filings.

“Nobody drives a truck for free, folks,” Thurgood said. “There’s no free gasoline out here. There’s no free warehousing.” McKesson was just one example of the highs and lows that the 2023 economy brought to North Texas, a year when companies both emerged from the pressures of the COVID-19 pandemic and struggled with rising wages and inflation.For example, the vast majority of the 23 energy, oil and gas companies in the D-FW Top 150 took a hit to revenue as the price of oil and natural gas dipped last year.

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