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Home » Global CEO Forum » Brazil’s Largest Companies by market capitalization, 2024
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Brazil’s Largest Companies by market capitalization, 2024

ICICI Lombard _ Stocks

As of February 17, 2025, PETROBRAS is the most valuable company in Brazil, with a market cap of $88.79 billion. Following it are ITAÚ UNIBANCO HOLDING ($56.27 billion) and VALE S.A. ($41.55 billion).

Which one is the most valuable in Brazil by market cap?
This list comprises the biggest companies currently in Brazil by market cap in 2024:

Brazil’s Largest Companies by market capitalization, 2024

RankCompanyMarket Cap (US$)
1PETROBRAS$88.79 billion
2ITAÚ UNIBANCO HOLDING S.A.$56.27 billion
3VALE S.A.$41.55 billion
4WEG S.A.$39.46 billion
5AMBEV S.A.$30.6 billion
6BANCO DO BRASIL S.A.$28.69 billion
7BANCO BTG PACTUAL S.A.$27.51 billion
8BANCO BRADESCO S.A.$21.58 billion
9ITAÚSA S.A.$18.69 billion
10BANCO SANTANDER (BRASIL) S.A.$17.28 billion
11TELEFÔNICA BRASIL S.A.$15.35 billion
12CENTRAIS ELETRICAS BRASILEIRAS S.A.$14.97 billion
13BB SEGURIDADE PARTICIPAÇÕES S.A.$13.19 billion
14JBS S.A.$13.01 billion
15SUZANO S.A.$12.75 billion
16COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP$12.14 billion
17REDE D'OR SÃO LUIZ S.A.$11.55 billion
18B3 S.A. - BRASIL, BOLSA, BALCÃO$10.93 billion
19FUNDO DE INVESTIMENTO NAS CADEIAS PRODUTIVAS AGROINDUSTRIAIS RIZA AGRO - FIAGRO - IMOBILIARIO$9.37 billion
20EMBRAER S.A.$7.75 billion
21CAIXA SEGURIDADE PARTICIPAÇÕES S.A.$7.69 billion
22TIM S.A.$7.42 billion
23CPFL ENERGIA S.A.$6.93 billion
24EQUATORIAL ENERGIA S.A.$6.86 billion
25RUMO S.A.$6.38 billion
26COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG$6.36 billion
27GERDAU S.A.$6.08 billion
28RAIA DROGASIL S.A.$6 billion
29LOCALIZA RENT A CAR S.A.$5.86 billion
30PRIO S.A.$5.78 billion

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Frank Brown, D.Litt.
Frank Brown, D.Litt. in Public Affairs and Media Strategy, is Global Managing Editor at CEOWORLD Magazine, overseeing international editorial strategy across business, finance, leadership, and...

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