Miami has long been known as the cruise capital of the world, housing some of the largest cruise companies in the world. In addition to its cruise industry, the city has rapidly evolved into a major global business hub, attracting companies across tech, finance, real estate and other industries.
Its strategic location as a gateway to Latin America, along with a favorable tax climate and vibrant talent pool, have led to a significant economic growth in recent years. As a result, Miami is now home to numerous large and influential companies.
In this article, we present a series of statistics on the biggest companies in Miami and their recent market performances, including revenue, market cap, net income and more.
Understanding the operational success and financial health of Miami’s largest companies offers you practical lessons on market positioning, consumer demand and growth strategies.
Cruise Companies In Miami
Miami’s strategic location on the southeastern coast of the U.S. makes it an ideal location for cruise companies. The city serves as a key access point to popular destinations such as the Caribbean, the Bahamas and Mexico, which are among the most sought-after cruise destinations globally.
Given this favorable position, it’s no surprise that the biggest cruise companies headquartered in the city thrive in this sector.
Let’s take a closer look at some of the most important statistics about Royal Caribbean Cruises and other cruise companies located in Miami:
- In 2024, Royal Caribbean Cruises reported a revenue of $16.49 billion. Of this amount, $11.5 billion came from passenger tickets and $4.99 billion was generated from onboard sales and other sources.
- Royal Caribbean Cruises had a net income of $2.89 billion in 2024.
- As of early March 2025, Royal Caribbean Cruises has a market cap of around $57 billion, the highest of all Miami companies.
- Royal Caribbean’s Icon of the Seas was the most expensive cruise ship in terms of production costs in 2024, costing around $2 billion.
- In 2024, Royal Caribbean Cruises reached $54.84 million passenger cruise days.
- Royal Caribbean Cruises is projected to have $39.4 million passengers in 2027.
- Royal Caribbean Cruises employs a total of 106,000 employees.
- Carnival reported a revenue of $25.02 billion in 2024.
- Carnival had a net income of $1.92 billion in 2024.
- Carnival has a market cap of around $27 billion as of early March 2025.
- Carnival had 13.51 million passengers in 2024.
- Another cruise company with headquarters in Miami, Norwegian Cruise Line, reported a revenue of $9.48 billion in 2024.
- Norwegian Cruise Line had a net income of $910 million in 2024.
- As of early March 2025, Norwegian Cruise Line has a market cap of around $8 billion.
- Around 41,700 people are employed by Norwegian Cruise Line.
With its prime location, world-class port facilities and extremely strong tourism industry, companies such as Royal Caribbean Cruises and Carnival are able to operate extensive cruise fleets and offer year-round voyages to some of the most sought-after destinations in the world.
High revenue figures suggest steady demand for leisure travel, providing opportunities in hospitality, entertainment and port logistics partnerships.
Fuel costs and geopolitical factors affecting travel routes remain concerns, but robust consumer spending on travel bodes well for continued expansion.
Healthcare Companies In Miami
Miami is also home to a thriving healthcare industry.
Not only has the city become a hub for medical tourism, attracting patients in search of high-quality treatment, but it also hosts numerous research, biotech and pharmaceutical companies.
This strong presence in the healthcare sector has contributed significantly to Miami’s economy and has created thousands of jobs.
Below, we present the key statistics about companies in Miami operating in this industry:
- Summit Therapeutics ended 2024 with $412 million in cash and no debt.
- As of early March 2025, Summit Therapeutics had a market cap of around $14 billion.
- OPKO Health reported a revenue of $713.1 million in 2024.
- OPKO Health has a market cap of around $1.2 billion as of early March 2025.
- Cannabis operator, Ayr Wellness, reported a revenue of $463.6 million in 2024.
- In 2024, Ayr Wellness had a gross profit of $176.7 million.
- As of early March 2025, Ayr Wellness has a market cap of around $19 million.
This financial strength and industry presence highlight Miami’s role as one of the key players in the healthcare and biotech sectors.
As these companies continue to expand, they contribute to job creation and position Miami as a leading hub for cutting-edge healthcare advancements, ripe for partnerships and investments.
Construction And Real Estate Companies In Miami
Florida and, specifically Miami, consistently ranks as one of the top places for relocation in the U.S. Not only this, but the city is often seen as a goldmine for real estate investors, thanks to its steady population growth and strong demand for rental properties.
This growing interest has also led to a surge in real estate development, with many companies operating in construction and real estate sectors. In fact, one of the two Fortune 500 companies based in Miami is the home construction company Lennar.
Let’s look at some key figures related to Lennar and other Miami-based companies in the real estate industry:
- Lennar reported a revenue of $35.44 billion in the twelve-month period ending in November 2024.
- Lennar had a net income of $3.9 billion in 2024.
- As of early March 2025, Lennar has a market cap of around $32 billion.
- 80,210 homes were delivered by Lennar in 2024.
- Around 13,000 people are employed by Lennar.
- Real Brokerage reported a revenue of $1.3 billion in 2024.
- As of early March 2025, Real Brokerage has a market cap of around $1 billion.
- Douglas Elliman had a revenue of $995 million in 2024.
- Adjusted Net loss attributed to Douglas Elliman in 2024 was $24 million.
- Douglas Elliman has a market cap of around $170 million as of early March 2025.
These figures on real estate businesses in Miami highlight Miami’s strong position in the real estate sector. Major construction companies like Lennar, along with real estate firms like Real Brokerage and Douglas Elliman, will continue to play a crucial role in shaping the city’s property market.
Strong demand for both commercial and residential properties suggests investment or partnership with local developers and brokers.
Rising construction costs and interest rates may temper growth. But still, the steady influx of businesses relocating to Miami keeps the market robust.
Tech Companies In Miami
Miami has also emerged as a key destination for major tech companies. The city hosts businesses specializing in blockchain, AI and numerous other fields.
Let’s explore some of the biggest tech companies in Miami and highlight key statistics about them:
- Hut 8 reported a revenue of $162.4 million in 2024.
- Hut 8 had a net income of $331.4 million in 2024.
- As of early March 2025, Hut 8 has a market cap of around $2 billion.
- Total energy capacity managed by Hut 8 is 1,020 megawatts as of the end of 2024.
- The Hackett Group reported revenue of $307 million in 2024.
- The Hackett Group’s market cap stands at $790 million as of early March 2025.
Blockchain and AI adoption is rising, creating opportunities for venture capital investment, research and development (R&D) and talent acquisition.
Besides Hut 8 and The Hackett Group, many other tech companies in Miami are making significant strides in the sector. As tech continues to be one of the fastest-growing industries, we can expect more Miami businesses to thrive in areas such as blockchain, AI, fintech and cybersecurity.
Finance Companies In Miami
Finance companies in Miami play a crucial role in supporting businesses and individuals with a wide range of financial services.
The city’s position as a gateway to Latin America and popularity as a retirement destination have made it an attractive location for investment firms, wealth management services and international banking.
Now, let’s examine the key numbers regarding the biggest finance companies headquartered in the city:
- International Money Express reported a revenue of $658.6 million in 2024.
- International Money Express had a net income of $58.8 million in 2024.
- As of early March 2025, International Money Express has a market cap of around $430 million.
- The revenue estimates for WhiteHorse in 2024 stand at $94.36 million.
- WhiteHorse has a market cap of around $240 million at the start of 2025.
- As of December 31st 2024, the fair value of WhiteHorse’s investment portfolio was $642.2 million.
From private equity firms to digital banking startups, the financial sector continues to expand and attract global investors. With its strategic location and strong financial infrastructure, Miami remains a key hub for both traditional and modern financial services.
Companies In Other Industries In Miami
Miami’s economic landscape is vibrant and diverse, home to a variety of businesses across different sectors.
In addition to the prominent industries we previously discussed, the city hosts several significant companies in other fields.
From World Kinect, which operates in the energy and fuel sector, to educational companies like Laureate Education, its economic landscape is rich and multifaceted.
With that in mind, let’s look at major companies based in Miami that operate in industries outside of those we previously discussed:
- The second Fortune 500 company headquartered in Miami, World Kinect, reported a revenue of $42.16 billion in 2024.
- World Kinect had a net income of $169.2 million in 2024.
- As of early March 2025, World Kinect has a market cap of around $1.7 billion.
- Over 5,000 people are employed by World Kinect.
- The transportation and logistics giant, Ryder, reported a revenue of $12.63 billion in 2024.
- Ryder’s net earnings in 2024 were $489 million.
- Ryder’s market cap as of early March 2025 stands at around $7 billion.
- Around 42,000 people are employed by Ryder.
- Around 260,000 vehicles are managed by Ryder.
- Laureate Education had the highest revenue out of all education companies in Miami in 2024, at $1.56 billion.
- Laureate Education’s net income for 2024 was $296.4 million.
- As of early March 2025, Laureate Education’s market cap is around $3 billion.
- Around 35,000 people are employed by Laureate Education.
- EVI Industries, a provider of commercial and industrial laundry solutions, reported a revenue of $353.56 million in 2024.
- As of early March 2025, EVI Industries’ market cap stands at around $223 million.
- EVI Industries has $230.66 million in total assets.
Beyond the prominent industries of cruise, healthcare, real estate, finance and tech, Miami’s economic tapestry includes powerhouse organizations in energy, logistics, education and more.
Whether it’s World Kinect leveraging the city’s strategic position for global fuel operations, Ryder driving efficient transportation and supply chain solutions, or Laureate Education shaping the region’s talent pipeline, each contributes to a vibrant corporate ecosystem ripe with collaboration and growth opportunities.
As Miami continues to attract forward-looking enterprises, leaders who tap into the city’s multifaceted economy stand to gain a competitive edge through strategic partnerships, access to skilled workforces and proximity to burgeoning international markets.
Future Outlook And Market Predictions
Miami’s growing population is driving increasing consumer demand, leading to more housing development and expanded healthcare services.
As the demographic landscape evolves, the city continues to attract significant foreign investment from Latin America and Europe, further solidifying its status as a multinational business hub.
The local innovation and tech scene shows promising signs of growth. Government-supported initiatives, such as eMerge Americas and a network of local incubators and accelerators, provide substantial support to startups in sectors like fintech, AI and cybersecurity. This environment sets the stage for the emergence of the next wave of tech unicorns.
Additionally, Miami’s vibrant cultural diversity and entrepreneurial policies attract top-tier talent from around the globe, fostering a dynamic ecosystem where innovation can flourish.
Government And Tax Incentives
Florida’s favorable tax environment, particularly the absence of a state personal income tax, is a significant draw for executives and business owners seeking to optimize their personal tax obligations.
Further incentives, such as the Qualified Target Industry (QTI) Tax Refund program, offer tax benefits to companies that create jobs in high-value sectors like technology, manufacturing and healthcare.
Businesses eligible for QTI Tax Refund can receive up to $6,000 in tax refunds per every new high-wage job they create.
Additionally, prospective infrastructure grants designated for PortMiami and Miami International Airport could enhance trade and logistics capabilities, reinforcing Miami’s position as a global gateway.
The U.S. Department of Transportation awarded the port a $25 million Infrastructure for Rebuilding America (INFRA) grant in October 2024. Miami International Airport received a $9 billion funding for modernization projects. According to projections, the airport will reach 77 million travelers and over 4 million tons of freight by 2040.
Grow Your Miami Brand Online With Digital Silk
In this article, we explored the top companies in Miami, from cruise lines and healthcare innovators to real estate leaders and forward-thinking tech ventures.
Their success isn’t just built on their operations, but also on their ability to connect with their audience, establish a robust online presence and build strong customer loyalty.
Having a well-designed website with a seamless user experience, strong branding and strategic digital marketing is essential to stand out in Miami’s competitive environment.
Digital Silk is a Miami web design company that specializes in crafting high-performance websites and digital strategies that empower businesses to thrive. Whether you need a website revamp, conversion optimization or a full-scale digital strategy, our team is here to help you grow.
Other services we offer include:
Contact our team, call us at (800) 206-9413 or fill out the Request a Quote form below to schedule your free consultation.
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