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Home » Latest » Executive Roundtable » Brazil’s Largest Companies by market capitalization, 2024

Executive Roundtable

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 the Global Managing Editor at CEOWORLD Magazine, where he crafts and oversees editorial strategies focused on financial leadership, brand reputation, and global market insights. Originally from Madrid, Frank brings over a decade of experience in business journalism and strategic communication.

Before CEOWORLD, he worked as a financial correspondent in Europe and Latin America, later transitioning into public affairs consulting for Fortune 500 companies. Frank is known for his ability to distill complex financial concepts into accessible, high-impact stories that inform decision-makers and shape executive narratives. His work at CEOWORLD includes deep-dive market analyses, CEO interviews, and features on evolving investor relations strategies. He leads a multilingual editorial team and contributes to content in both English and Spanish.

Frank holds degrees in International Finance and Strategic Communications, and he frequently speaks at global forums on reputation management, stakeholder communication, and financial media ethics. Passionate about bridging finance and storytelling, Frank believes that clear communication is essential for business growth and trust. At CEOWORLD, his mission is to help global leaders navigate business uncertainty with insight, transparency, and confidence.

Email Frank Brown at frank@ceoworld.biz