BMO Partners with Latino Leaders to Reveal 2025 Latino Leaders Index500 Ranking of Top U.S. Businesses
Overview
The 2025 Latino Leaders Index500, in collaboration with BMO, is a vital ranking that celebrates the top Latino-owned businesses in the United States based on revenue. This year marks the continuation of an initiative aimed at recognizing the significant contributions and economic impact of Latino entrepreneurs across various sectors.
Expansion of the Index
Since its inception, the Latino Leaders Index has expanded from a list of 200 to now include 500 enterprises, underscoring the increasing prominence of Latino-owned businesses. The Index provides a key benchmark that illustrates not only the size but also the success of these businesses, which span sectors such as engineering, construction, food and beverage, and technology.
2025 Highlights
This latest Index showcases an impressive collection of businesses from across 34 states and Puerto Rico, with notable concentrations in California, Texas, and Florida. Collectively, these companies generated a staggering $149 billion in revenue for the year 2024, with the leading ten companies alone accounting for 42% of this total. It's noteworthy that over 200 companies in this year's Index recorded annual revenues of at least $100 million.
Top Performers
Carvana has once again secured the top position for the second consecutive year, boasting a remarkable 27% increase in revenue from the previous year. Alongside Carvana, the Index includes other industry giants such as MasTec, TelevisaUnivision, and Goya, all of whom have demonstrated significant fiscal growth and community engagement.
Impact and Commitment
Eduardo Tobon, head of the Latino Segment at BMO, commented on the importance of the Index, stating: "The continued growth of companies like Carvana in this year's Index is indicative of the sustained momentum and innovation among Latino entrepreneurs. At BMO, we take pride in providing financial services that facilitate the progress of these companies."
Similarly, Jorge Ferraez, Publisher of Latino Leaders Magazine, emphasized that the Index serves a purpose beyond a statistical ranking; it acts as a platform designed to connect and uplift Latino business leaders, fostering collaboration and sharing of resources.
Economic Significance
Latinos currently represent 19% of the U.S. population, contributing more than $3.6 trillion to the national economy. The Latino Leaders Index500 spotlights this demographic's vital role in driving economic growth and innovation across the nation.
About BMO Financial Group
BMO Financial Group, one of North America's largest banks, has a long-standing commitment to serving its customers. With total assets of $1.5 trillion as of January 2025, BMO provides a vast array of financial services aimed at deepening relationships with clients and driving inclusive growth.
About Latino Leaders Magazine
Founded in 2000, Latino Leaders Magazine is dedicated to celebrating and empowering Latino professionals and business owners. The publication enjoys a wide readership, reaching nearly 250,000 individuals and serving as a key resource in recognizing prominent Latino figures in business.
Conclusion
The 2025 Latino Leaders Index500, powered by BMO, not only highlights the extraordinary achievements of Latino-owned businesses but also serves as a testament to their resilience, creativity, and positive impact on the economy. For more information on this year's Index, visit the designated microsite where further resources and details about these noteworthy businesses can be found.