BMO has partnered with Latino Leaders Magazine to unveil the 2025 Latino Leaders Index500, which ranks the 500 largest Latino-owned businesses in the U.S. by revenue. Now in its third year, the Index underscores the economic presence of Latino entrepreneurs throughout the nation. It expanded from 200 to 500 companies in 2024, acknowledging the stature of Latino-led businesses in fields like engineering, construction, food and beverage, and technology.
The Latino Leaders Index500, Powered by BMO, highlights companies located across 34 states and Puerto Rico, with a notable presence in California, Texas, and Florida. Altogether, the companies generated $149 billion in revenue in 2024, with the top 10 contributing to 42% of the total, signifying their economic significance. The Index includes over 200 companies with at least $100 million in annual revenue.
Carvana topped this year's Index, regaining its position from 2023 with a 27% revenue increase. Other prominent companies like MasTec, TelevisaUnivision, and Goya also feature prominently.
"Seeing the continued growth of large companies like Carvana in this year's Index is a testament to the sustained momentum, innovation, and impact of Latino entrepreneurs. We are proud to serve many of the companies recognized here as a trusted financial services partner," remarked Eduardo Tobon, Latino Segment Head at BMO. "At BMO, we are committed to living our Purpose, to Boldly Grow the Good in business and life, by providing our clients with the financial tools, knowledge, and connections necessary to make progress. We're proud to champion Latino-owned businesses."
"The Index is more than an informational tool – it's a platform that connects and empowers Latino business leaders. We provide exclusive resources to our community of founders, executives, and entrepreneurs, and now through our microsite, we offer an opportunity for them to collaborate," said Jorge Ferraez, Publisher of Latino Leaders Magazine.
Latinos constitute 19% of the U.S. population, contributing over $3.6 trillion to the national economy.
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