Wyoming is known for its sweeping landscapes, low population, and economic independence. While it lacks the dense metropolitan hubs seen in other states, Wyoming punches well above its weight when it comes to high revenue businesses. The state’s economy leans heavily on mining, energy, education, healthcare, and tourism.
This blog post explores the top 10 highest-grossing businesses in Wyoming, explaining how each contributes to the state’s economy, jobs, and national presence.
1. Peabody Energy – $4.2 Billion in 2024 Revenue
Headquarters: St. Louis, Missouri
Wyoming Operations: North Antelope Rochelle Mine (NARM) – Powder River Basin
Peabody Energy is not just Wyoming’s top earner, it’s a global heavyweight in the coal industry. Its flagship Wyoming operation, the North Antelope Rochelle Mine, is the largest coal mine in the United States and one of the most productive in the world.
In 2024, Peabody reported $4.2 billion in revenue, with Wyoming’s Powder River Basin mines accounting for a major portion. The NARM alone shipped 23 million tons of thermal coal in Q4 2024. Coal from this mine is used in domestic and international power generation. Despite global shifts toward renewable energy, Peabody has remained a leader by optimizing production efficiency and maintaining strong export relationships, particularly in Asia.
Peabody’s economic impact includes thousands of direct and indirect jobs, multi-million-dollar royalties paid to the state, and essential infrastructure development in Campbell County.
2. Genesis Alkali – ~$194 Million Estimated Revenue
Headquarters: Green River, WY (now part of WE Soda – UK)
Industry: Soda Ash Production
Genesis Alkali operates one of the largest natural soda ash production facilities in the world. Located in Green River, it mines trona ore and processes it into soda ash, used in glass manufacturing, detergents, and chemical industries.
In 2025, Genesis was acquired by London-based WE Soda in a $1.425 billion deal, consolidating its position as the global leader in soda ash production. Genesis employs over 600 people and extracts millions of tons of trona annually.
The company’s economic contributions go beyond direct employment. It supports rail freight operations, utility usage, and regional supply chains while adding considerable value to Wyoming’s natural resources portfolio.
3. Tata Chemicals Soda Ash Partners – $651.4 Million in Revenue
Headquarters: Green River, WY
Parent Company: Tata Group (India)
Tata Chemicals operates another major soda ash facility in Green River, Wyoming. Together with Genesis, the two companies make Sweetwater County the trona capital of the world.
For the fiscal year ending March 2023, Tata Chemicals Soda Ash Partners reported $651.4 million in revenue. The company employs over 500 people and exports soda ash globally under the Tata Chemicals Limited banner.
As a vertically integrated operation, Tata runs its own mining, processing, and transportation systems, providing strong local employment and a global reach that puts Wyoming on the map for international trade.
4. University of Wyoming – $720+ Million in Annual Economic Impact
Location: Laramie, WY
Industry: Public Education & Research
The University of Wyoming is more than a school, it’s a cornerstone of the state’s intellectual and economic foundation. With over 4,300 employees and a student population of about 12,000, UW fuels everything from local restaurants to tech startups.
A 2024 economic report found that UW contributes $720+ million annually to Wyoming’s economy, supporting nearly 15,000 jobs statewide. The university also runs federally funded research in agriculture, engineering, and energy innovation, generating $230+ million in research-related impact alone.
It also plays a major role in retaining talent in Wyoming, boosting the state’s educational standards and spurring local entrepreneurship.
5. Jackson Hole Mountain Resort – $278 Million in Estimated Revenue
Location: Teton Village, WY
Industry: Tourism, Recreation
Jackson Hole Mountain Resort is one of the most iconic ski resorts in North America, known for luxury lodging, extreme terrain, and celebrity clientele. With over 650 employees and an estimated $278 million in annual revenue, the resort is a massive contributor to Wyoming’s $4 billion tourism economy.
During peak ski season, Teton County’s population swells with international tourists. Beyond skiing, the resort drives income for luxury real estate, art galleries, restaurants, and transportation services across Jackson Hole.
It also contributes a hefty share of the county’s tax revenue, which helps fund public schools and infrastructure projects.
6. Cloud Peak Energy – $1.6 Billion in Revenue
Headquarters: Gillette, WY
Industry: Coal Mining
Cloud Peak Energy is another major operator in the Powder River Basin, producing millions of tons of sub-bituminous coal annually. With an estimated $1.6 billion in revenue, the company provides a vital backup to Peabody’s dominance.
Though it filed for bankruptcy in 2019, Cloud Peak’s assets were acquired and revitalized under new ownership. The company has since streamlined operations, increased export partnerships, and resumed aggressive production schedules.
With a base in Gillette, Cloud Peak provides well-paying jobs, rail activity, and millions in property tax contributions across Campbell County.
7. L&H Industrial – $79.3 Million in Revenue
Headquarters: Gillette, WY
Industry: Manufacturing, Engineering, Industrial Services
L&H Industrial designs, manufactures, and repairs some of the largest machinery used in mining, oil and gas, and power generation. With an estimated $79.3 million in revenue, the company is Wyoming’s most advanced industrial engineering outfit.
Their customers include top mining operations and power plants across the globe. L&H is known for engineering custom solutions, such as 100-ton gear systems and extreme environment drilling rigs.
Beyond its revenue, L&H trains local apprentices, supports STEM education, and partners with major technical institutions, making it a hub of high-skill labor in northeast Wyoming.
8. Campbell County Health – $441.5 Million in Total Revenue
Location: Gillette, WY
Industry: Healthcare, Medical Services
Campbell County Health (CCH) includes a 90-bed hospital, long-term care, clinics, rehabilitation centers, and specialized care units. With $441.5 million in annual revenue, it’s one of Wyoming’s largest medical systems.
CCH employs around 1,200 professionals and supports a broad range of medical services not commonly available in rural states, including dialysis, cancer treatment, and orthopedic surgery.
The hospital is a major employer and an anchor institution in northeast Wyoming. It also offers career development for nursing and technical trades in partnership with regional colleges.
9. Wyoming Medical Center – $740.4 Million in Revenue
Location: Casper, WY
Parent Company: Banner Health
Industry: Healthcare, Medical Services
With $740.4 million in total annual revenue, Wyoming Medical Center (WMC) in Casper serves as the state’s de facto medical hub. Now part of the Banner Health system, WMC offers trauma care, cardiac surgery, neurological services, and more.
WMC’s staff of over 1,400 includes top-tier specialists who attract patients from across the state and surrounding regions. The hospital also partners with local colleges and high schools to train the next generation of Wyoming healthcare workers.
WMC plays a key role in public health policy, emergency preparedness, and critical care transport for remote communities.
10. Tronox Alkali – Revenue Undisclosed, Major Global Supplier
Location: Green River, WY
Industry: Mining, Soda Ash Production
Tronox Alkali is one of the few companies in the world that mines and processes trona into soda ash. Though exact revenue figures aren’t publicly released, its global market share and employment footprint make it a top-tier contributor to Wyoming’s GDP.
Tronox employs over 3,000 people across its mining and processing operations. It supplies soda ash to global manufacturers in the glass, food, and chemical industries.
The company’s long-term leases and investment in sustainable practices, like reducing water use and reclaiming tailing ponds, make it a model for responsible resource development.
Conclusion
While Wyoming may be known for its wild landscapes and small towns, its economy is anything but modest. The state’s top-grossing businesses led by Peabody Energy, Tata Chemicals, and the University of Wyoming, span heavy industry, global manufacturing, healthcare, education, and luxury tourism.
These companies demonstrate how Wyoming leverages its rich natural resources, strategic logistics, and policy stability to attract billion-dollar businesses. Whether it’s exporting energy or shaping future leaders through education and healthcare, the companies on this list are not only profitable, they’re foundational to the state’s future.
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