Rank Forbes 2000 rank Name Headquarters Revenue (billions US$) Profit (billions US$) Assets (billions US$) Value (billions US$) Industry 1 18 Volkswagen Wolfsburg 278.2 14.0 553.5 92.0 Automotive 2 23 Allianz Munich 118.8 8.8 1,060.2 102.3 Insurance 3 37 Daimler AG Stuttgart 197.4 8.6 321.9 71.3 Automotive 4 57 BMW Munich 115.0 8.4 238.9 57.5 Automotive 5 64 Siemens Munich / Berlin 98.3 5.5 164.2 97.0 Conglomerate 6 99 BASF Ludwigshafen 76.2 5.6 103.8 76.6 Chemicals 7 116 Deutsche Telekom Bonn 89.3 2.6 176.5 79.4 Telecommunications 8 147 Munich Re Munich 62.9 2.7 311.6 36.3 Insurance 9 164 Bayer Leverkusen 46.7 2.0 150.3 64.1 Pharmaceuticals 10 176 SAP SE Walldorf 29.1 4.8 58.9 134.9 Technology 11 208 Deutsche Post Bonn 72.6 2.4 60.0 43.1 Transportation 12 239 Continental AG Hanover 52.4 3.4 47.4 35.0 Automotive parts 13 258 Fresenius Bad Homburg 39.6 2.4 64.8 30.6 Healthcare 14 263 E.ON Essen 35.1 3.8 64.6 24.0 Electric utility 15 322 Henkel Düsseldorf 23.5 2.7 34.3 43.1 Consumer goods 16 413 Lufthansa Cologne 42.3 2.6 44.4 12.1 Airline 17 430 Adidas Herzogenaurach 25.9 2.0 17.8 52.0 Apparel 18 482 HeidelbergCement Heidelberg 21.3 1.3 41.9 16.3 Building material 19 484 Talanx Hanover 41.6 0.8 179.1 10.3 Insurance 20 494 Commerzbank Frankfurt 15.0 1.0 528.6 11.4 Banking 21 547 Deutsche Bank Frankfurt 42.3 0.3 1,541.1 18.1 Banking 22 566 Merck Group Darmstadt 17.7 0.5 42.8 45.8 Pharmaceuticals 23 621 Vonovia Bochum 4.8 2.7 56.5 25.8 Real estate 24 624 Evonik Industries Essen 17.7 1.1 24.7 14.3 Chemicals 25 626 RWE Essen 24.8 0.4 98.3 15.8 Electric utility 26 667 Porsche SE Stuttgart 0.1 4.1 38.5 22.2 Automotive 27 672 Deutsche Börse Frankfurt 3.7 1.0 180.2 24.2 Finance 28 710 Uniper Düsseldorf 92.2 −0.5 65.9 11.2 Electric utility 29 761 Covestro Leverkusen 17.2 2.2 12.9 10.9 Chemicals 30 780 Infineon Technologies Munich 9.2 1.3 12.7 27.3 Technology 31 809 EnBW Karlsruhe 24.3 0.3 48.4 9.6 Electric utilities 32 820 Deutsche Wohnen Berlin 1.7 2.2 29.0 16.0 Real estate 33 847 ThyssenKrupp Essen 43.3 0.1 40.1 9.5 Conglomerate 34 960 Beiersdorf Hamburg 8.5 0.9 10.2 23.7 Consumer goods 35 992 TUI AG Hanover 23.2 0.8 16.3 6.5 Hospitality 36 1026 Schaeffler Group Herzogenaurach 16.8 1.0 14.6 6.3 Automotive parts 37 1113 Knorr-Bremse Munich 7.0 0.7 7.1 18.1 Technology 38 1252 Metro AG Düsseldorf 32.3 0.4 17.9 6.1 Retail 39 1260 Brenntag Essen 14.8 0.5 8.9 8.4 Chemicals 40 1312 Wüstenrot & Württembergische Stuttgart 7.5 0.3 82.0 2.0 Finances 41 1341 KION Group Frankfurt 9.4 0.5 14.8 8.1 Technology 42 1522 Ceconomy Düsseldorf 25.5 −0.3 12.5 2.2 Retail 43 1536 Hella Lippstadt 8.5 0.8 7.1 6.2 Automotive parts 44 1569 MTU Aero Engines Munich 5.4 0.5 8.2 11.9 Aerospace and defense 45 1571 LEG Immobilien Düsseldorf 0.9 1.0 12.9 7.4 Real estate 46 1679 Deutsche Pfandbriefbank Unterschleißheim 2.2 0.2 66.0 1.9 Banking 47 1709 BayWa Munich 19.6 0.0 8.6 1.1 Retail 48 1751 Wirecard Aschheim 2.3 0.4 6.0 16.7 Finance 49 1780 Aareal Bank Wiesbaden 1.4 0.4 48.8 2.1 Banking 50 1812 Nürnberger Versicherung Nuremberg 5.1 0.1 35.1 0.9 Insurance 51 1842 Zalando Berlin 6.4 0.1 3.7 11.6 E-commerce 52 1853 Fraport Frankfurt 4.1 0.6 13.3 7.6 Transportation 53 1982 Lanxess Cologne 9.4 0.4 10.3 5.6 Chemicals