News Releases
- Index measures 500 largest Latino-owned businesses in the U.S. by revenue
- Carvana, MasTec, TelevisaUnivision, and Goya top the 2025 ranking
CHICAGO, March 27, 2025 /CNW/ - BMO is proud to partner with Latino Leaders Magazine to release the 2025 Latino Leaders Index500, Powered by BMO, a ranking of the 500 largest Latino-owned businesses in the United States by revenue. Now in its third year, the Index continues to showcase the economic influence and impact of Latino entrepreneurs nationwide. Following its expansion from 200 to 500 companies in 2024, the Index remains a key benchmark in recognizing the scale and success of Latino-led enterprises across various industries, including engineering, construction, food and beverage, and technology.
The Latino Leaders Index500, Powered by BMO, highlights businesses headquartered across 34 states and Puerto Rico, with particularly strong representation in California, Texas, and Florida. The 500 companies ranked this year generated $149 billion in combined revenue in 2024, with the top 10 generating 42 percent of the total revenue, emphasizing their substantial impact on the economy and their communities. Notably, more than 200 companies on the Index achieved at least $100 million in annual revenue.
This year, Carvana reclaimed the top spot on the Index after holding it in 2023, with a remarkable 27 percent revenue increase compared to the previous year. Joining Carvana on this year's list are industry leaders such as MasTec, TelevisaUnivision, and Goya.
"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," said Eduardo Tobon, Latino Segment Head, 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.
Today, Latinos make up 19 percent of the U.S. population and contribute over $3.6 trillion to the national economy.
To view this year's Latino Leaders Index500, Powered by BMO, click here.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
About Latino Leaders Magazine
Latino Leaders Magazine is a leading publication dedicated to highlighting and empowering Latino professionals and business leaders. Published bimonthly since its founding in 2000, the magazine reaches nearly 250,000 readers nationwide, serving as an esteemed reference in recognizing and profiling influential Latino and Hispanic leaders.
SOURCE BMO US
