America’s firearm industry is a multi-billion dollar behemoth. According to the advocacy group The Firearm Industry Trade Association, sporting arms, ammunition, and supporting industries employ over 390,000 people and have an economic impact of more than $80.7 billion annually.
While there are thousands of firearm manufacturers operating in the United States, the gun industry is dominated by just a handful of companies. These companies not only market their products to the civilian market, but many also have lucrative government contracts, selling both handguns and long guns to militaries and law enforcement agencies around the world — bringing in hundreds of millions of dollars in revenue each year. (Here is a look at the 22 guns used by U.S. federal agents.)
Using data compiled by career site Zippia and the Bureau of Alcohol, Tobacco, Firearms, and Explosives, 24/7 Wall St. identified the world’s largest gun manufacturers. The brands on this list are ranked by revenue for the most recent year of available data. In cases where revenue figures were not available in financial disclosures filed with the Securities and Exchange Commission, we used figures reported by Zippia or estimates provided by other private entities.
Only companies with at least one U.S. manufacturing facility and annual revenue exceeding $50 million were considered.
Of the 14 firearm brands on this list, nine are American companies. The foreign gunmakers on this list, including Beretta, Glock, Heckler and Koch, are mostly European, though one brand on this list, Taurus, has its global headquarters in South America. Still, even brands with foreign headquarters manufactured thousands of firearms within the United States in 2021 alone.
Among the five largest firearm brands on this list by revenue — with annual revenues ranging from $355 million to $950 million — three are American. These brands include Ruger and Remington, the names behind, respectively, the 10/22 rifle and 870 shotgun — two of the most popular firearms in the world.
Click here to see the world’s biggest gun manufacturers.
14. Glock
> Annual revenue, 2022: $66.1 million
> Domestically made firearms in 2021: 581,944
> Founded in: 1963
> Headquarters: Deutsch-Wagram, Austria
[in-text-ad]
13. Kimber
> Annual revenue, 2022 (est.): $89.7 million
> Domestically made firearms in 2021: 294,750
> Founded in: 1979
> Headquarters: Troy, Alabama
24/7 Wall St.
12. Savage Arms
> Annual revenue, 2022: $106.4 million
> Domestically made firearms in 2021: 406,867
> Founded in: 1894
> Headquarters: Westfield, Massachusetts
11. O.F. Mossberg & Sons
> Annual revenue, 2022: $160.0 million
> Domestically made firearms in 2021: 492,444 (incl. Maverick Arms)
> Founded in: 1919
> Headquarters: North Haven, Connecticut
[in-text-ad-2]
10. Springfield Armory, Inc.
> Annual revenue, 2022: $222.2 million
> Domestically made firearms in 2021: 590,750
> Founded in: 1974
> Headquarters: Geneseo, Illinois
9. Heckler and Koch
> Annual revenue, 2021: $244.9 million
> Domestically made firearms in 2021: 10,971
> Founded in: 1948
> Headquarters: Oberndorf am Neckar, Germany
[in-text-ad]
8. Colt
> Annual revenue, 2022: $270.9 million
> Domestically made firearms in 2021: 151,771
> Founded in: 1846
> Headquarters: West Hartford, Connecticut
7. FN Herstal
> Annual revenue, 2022: $271.46 million
> Domestically made firearms in 2021: 169,407
> Founded in: 1889
> Headquarters: Herstal, Belgium
6. SIG Sauer
> Annual revenue, 2022: $314.4 million
> Domestically made firearms in 2021: 1,294,185
> Founded in: 1976
> Headquarters: Newington, New Hampshire
[in-text-ad-2]
5. Taurus
> Annual revenue, 2022: $355.0 million
> Domestically made firearms in 2021: 290,780
> Founded in: 1939
> Headquarters: Sao Leopoldo, Brazil
4. Ruger
> Annual revenue, 2022: $595.8 million
> Domestically made firearms in 2021: 2,078,013
> Founded in: 1949
> Headquarters: Southport, Connecticut
[in-text-ad]
3. Beretta
> Annual revenue, 2022: $734.4 million
> Domestically made firearms in 2021: 155,352
> Founded in: 1526
> Headquarters: Gardone Val Trompia, Italy
2. Smith & Wesson
> Annual revenue, 2022: $864.1 million
> Domestically made firearms in 2021: 2,317,792
> Founded in: 1852
> Headquarters: Springfield, Massachusetts
1. Remington
> Annual revenue, 2022: $950.0 million
> Domestically made firearms in 2021: 86,594
> Founded in: 1816
> Headquarters: LaGrange, Georgia
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
