This heatmap shows the number of publicly listed companies headquartered in each U.S. state, based on MarketCapWatch data. Darker blues mark states with higher corporate density, lighter blues indicate fewer listings.
- California dominates with 1,242 listed companies — more than the bottom 25 states combined.
- New York (612) and Texas (498) follow, reflecting their finance and energy hubs.
“Heatmap” bro there’s one color and like 3 shades of that color
I thought I was going colorblind, there’s two and a half different shades of royal blue here.
It’s kind of surprising to see Delaware so low. I thought many companies were headquartered in Delaware for their courts.
I was thinking the same thing. Companies heavily prefer to be incorporated in Delaware. Maybe they all just stay private?
Or, almost intentionally obfuscated…
Was thinking the exact same. It must be that the public company at the top is usually in the local place but the private subsidiaries and other private entities that are in Delaware. The private company map would be much different I guess
Might be a different picture for private companies.
Really thought Delaware would be higher.
I think for publicly traded companies the advantages are less profound, at the size they typically are they have more options for weaseling out of taxes in any state.
It’s also double the per-capita amount of California, 60 per million people as opposed to 30. So it is indeed still very overrepresented.
What is a population density map with extra noise?
Now correct for population density, because right now, all you have is a population “heatmap”.
Gonna be interesting when Cascadia happens…
Is Rhode Island 34 or 14? Ct looks to be the 108, so what’s the extra number there for?
Does this count power companies? Because that’s probably the majority of the Texas number and they’re as private as a public company can be, even going so far as to shift blame from failing to winterize the grid despite being given the time and funds to do so.
I’m more impressed with Massachusetts—for its size, that’s pretty wild.
