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Do you need a list of the top companies in Spain? Spain is home to banking giants, energy conglomerates, telecommunications firms, and innovators in fashion. It continues to grow, adapt, and expand into international markets.
Our post highlights the top 10 companies in Spain based on their market cap, revenue growth, strategic focus, and financial performance. You will know what they are currently doing, how they're evolving, and why they lead in business.
According to the HitHorizons database, Spain has currently over 4,708,651 companies and all of them are registered. These companies have a share of 3.88% of all sales generated by EU-based businesses and hire 5.93% of all EU employees.
The top leading industries are finance, insurance, real estate, services, and retail trade. Other popular segments catching up are wholesale trade, manufacturing, agriculture, forestry, fishing, public sector, mining, manufacturing, construction, and unknown industrial groups.
Here is the list of the top companies in Spain in 2025:
Inditex's market cap is USD 168.98 billion in 2025. Its price went down by 0.94% in the last 30 days as of September 13, 2025. If we take a look at their earnings, they have made about USD 8.21 billion. Their revenue recently reached USD 42.84 billion. According to data from CompaniesMarketCap, Inditex has a total of 162,083 employees.
Inditex is best known for being the world's largest fast fashion group. It is one of the top 10 companies in Spain and has a vast chain of corporate-owned stores and online platforms. Inditex started with the ambition of making fashion affordable for people and over time made its mark global.
Inditex is a public company in retail and it traded as BMAD: ITX and IBEX 35. Its headquarters are in Arteixo, Galicia, Spain, and it has over 5,563 stores worldwide. Its operating income in 2024 was USD 8.88 billion and net income was USD 6.87 billion. Inditex held USD 40.67 billion in assets. It also had a total equity of USD 23.05 billion in 2024.
Inditex announced its first half results on its year-on-year sales. Early figures for August and September showed how there was a huge increase expected in the months ahead. During the first half of the 2025 financial year, the group's sales increased by 1.6%. Customers responded amazingly well to its spring and summer collections. Gross profit rose by 1.5%. Inditex's owner said it will be focusing on advanced technologies, sustainability, and will be expanding on its logistics soon.
Santander hit a total of USD 7.97 billion in attributable profits. On June 2025, its CET1 ratio reached 13.0%. Santander reported a 19% increase in earnings per share after record first-half profit of USD 8.01 million. It is the world's best retail bank according to Euromoney and one of the top 10 companies in Spain. Profit in the second quarter alone was USD 4.02 billion (+7%), setting a fifth consecutive quarterly record.
With a market cap of around $73.71 billion, Santander has expanded its presence to over 20 countries, offering a wide range of banking products, from personal banking services to corporate banking and investment solutions. Santander had repurchased 4.6 million shares in the latest buyback phase between September 4 and September 10, 2025.
One App is driving Santander's digital transformation in Brazil. It currently has more than 100 million digital users and is turning into the perfect lab to reimagine the future of Spanish banking. Santander Group's headquarters is located at Boadilla del Monte, Spain.
Iberdrola's market cap reached USD 114.06 billion in September 2025. The company recorded a net profit of USD 2,345 million in the first quarter of 2025, marking a 26% increase when excluding capital gains from asset divestments in the previous year. For the first half of 2025, Iberdrola achieved a record net profit of USD 4.17 billion, representing a 20% increase compared to the same period in 2024.
Iberdrola stands as one of the largest companies in Spain by market cap and serves as a global leader in renewable energy and electricity networks. The company operates as a multinational electric utility with significant presence in Spain, the United Kingdom, the United States, and Brazil. Iberdrola began as a small regional electricity company in Bilbao in 1901 and has grown through strategic mergers and acquisitions to become a global renewable energy powerhouse.
The company's EBITDA reached USD 5,432 million in Q1 2025, with strong operational performance driven by increased regulated profile across its networks business. Iberdrola's headquarters are located in Bilbao, Spain, and it trades on the Madrid Stock Exchange. The company has made record investments of USD 20.24 billion in the last 12 months, with more than 60% directed toward the United States and United Kingdom markets.
Iberdrola announced a USD 5.85 billion capital increase to take advantage of historic investment opportunities in electricity grids in the US and UK. The company continues to accelerate its strategic focus on networks in countries with high credit ratings while preserving its financial strength and dividend policy. Recent performance highlights show investments in H1 2025 grew by 7% to USD 6.62 million. Iberdrola's current operations span renewable energy generation, electricity distribution networks, and smart grid technology across four continents.
CaixaBank achieved a market cap of approximately USD 73.09 billion as of September 2025. The bank reported a net profit of USD 3.45 billion in the first half of 2025, up 10.3% compared to the same period in 2024. In the second quarter of 2025 specifically, net income increased by 10% year-on-year, demonstrating consistent growth across reporting periods.
CaixaBank ranks among the top business in Spain and serves as one of the country's largest financial institutions. The bank operates primarily in Spain with international presence, offering comprehensive banking services including retail banking, corporate banking, and wealth management. CaixaBank provides personal loans, mortgages, business financing, investment products, insurance services, and digital payment solutions to over 20 million customers.
The bank's return on tangible equity (ROTE) reached an impressive 18.5% in Q2 2025, surpassing its guidance of above 16%. CaixaBank's CET1 ratio stands at 12.47%, demonstrating strong capital adequacy. The bank's headquarters are in Barcelona, Spain, and it trades on the Madrid Stock Exchange as CABK. Total assets reached USD 744.71 billion as of March 2025.
CaixaBank launched several innovative products during 2025, boosting its digital banking presence significantly. The bank's Imagine digital banking platform now accounts for 50% of overall client acquisition. Management expects continued growth in net interest income and has upgraded revenue guidance for services from low-to-mid single digits to mid-single digit range while reducing cost of risk guidance to around 25 basis points. The bank continues expanding its digital transformation with artificial intelligence and blockchain technology integration.
BBVA reported a market cap of USD 108.80 billion in September 2025. The bank achieved a result of USD 3.16 million in the first quarter of 2025, representing a year-on-year increase of 22.7%. For the first half of 2025, BBVA Group achieved cumulative results of USD 6.37 billion, showing a year-on-year increase of 9.1%.
BBVA operates as one of the major companies in Spain and maintains significant international presence across Europe, Americas, and other regions. The bank serves as a global financial services group offering retail banking, corporate banking, investment services, wealth management, and digital payment solutions. BBVA provides credit cards, personal loans, mortgages, business banking, treasury services, and investment banking across more than 25 countries worldwide.
Acerinox's market cap stands at USD 3.14 billion as of September 2025. The company operates as an international stainless steel manufacturer with production facilities across Spain, the United States, Europe, and Asia. Acerinox has maintained its position as one of the best companies in Spain within the steel and materials sector.
Acerinox specializes in producing, processing, and selling stainless steel products globally. The company serves diverse markets including construction, automotive, energy, and industrial applications through its four main product lines: flat products, long products, alloys, and precision strip. Its headquarters are located in Madrid, Spain, and the company trades on the Madrid Stock Exchange under the symbol ACX.
The company reported a current dividend yield of 5.96%, with USD 0.73 paid in dividends over the past 12 months. It employs approximately 8,250 people across its global operations in North America, Europe, Africa, and Asia.
Gestamp achieved revenues of USD 6.84 billion in the first half of 2025, despite facing a challenging automotive market environment. The company reported EBITDA of USD 762 million (excluding Phoenix Plan impact) with an exceptional EBITDA margin of 11.3% for H1 2025. In the second quarter specifically, Gestamp recorded a record profitability with EBITDA margin reaching 12.1%.
Gestamp operates as a multinational specialized in design, development, and manufacturing of highly engineered metal components for the automotive industry. The company represents one of the top employers in Spain within the automotive sector, producing body-in-white parts, chassis components, and mechanisms for global automotive manufacturers. Gestamp serves major clients including Volkswagen, Mercedes-Benz, BMW, Ford, and Renault across multiple regions.
The company's net income for H1 2025 was USD 88 million, with strong free cash flow generation of USD 213 million. Gestamp's net debt decreased to USD 2.51 billion, achieving the lowest level since implementing IFRS 16 standards. The company's headquarters are located in Bilbao, Spain, and it trades on the Madrid Stock Exchange.
Naturgy achieved a market cap of approximately USD 34.92 billion as of 2025. The company delivered exceptional results for the first half of 2025, generating EBITDA of USD 3.33 billion and achieving a record net profit of USD 1.34 billion, marking a 10% increase compared to H1 2024. These results confirm the objectives outlined in Naturgy's new 2025-2027 Strategic Plan.
Naturgy operates as one of the largest companies in Spain by market cap within the energy sector, providing natural gas and electricity services. The company maintains diversified operations across gas distribution networks, energy markets, renewable energy generation, and liquefied natural gas (LNG) supply. Naturgy serves over 12 million customers across Spain and Latin American markets with significant international presence in Chile, Argentina, Brazil, and Mexico.
Mapfre reported a market cap of USD 16.49 billion in September 2025. The insurance company posted a net result of USD 667 million in the first half of 2025, representing a 23.6% increase compared to the previous year. Premiums grew by 5.3% reaching almost USD 18.72 billion, with growth of 10.2% at constant exchange rates.
Mapfre operates as one of the top companies in Spain to work for within the insurance and financial services sector. The company provides comprehensive insurance products including life, health, automobile, property, and casualty insurance across multiple international markets. Mapfre offers individual and corporate insurance solutions, reinsurance services, pension plans, and investment products to over 25 million customers worldwide.
The company achieved a return on equity (ROE) of 12.2%, reaching 13.3% when excluding extraordinary items. Mapfre's shareholders' equity stands at USD 9.95 billion as of H1 2025. The company's combined ratio improved significantly to 93.1%, down 2.6 percentage points, demonstrating strong technical performance across business lines.
Mapfre's headquarters are located in Madrid, Spain, and the company trades on the Madrid Stock Exchange. The Iberia region reported exceptional results with USD 280 million net result, up 42.4%, while Latin America delivered USD 261 million.
CIE Automotive achieved record results in the first quarter of 2025 with revenues of USD 1.18 billion and EBITDA of USD 225 million. The company posted a historical record profitability with EBITDA margin reaching 19.0% and EBIT margin of 14.4%. Net income for Q1 2025 was USD 110 million, up 1.2% compared to the same period in 2024.
CIE Automotive operates as a global automotive components manufacturer and ranks among the biggest companies in Spain within the automotive supply sector. The company specializes in manufacturing highly engineered components for the automotive industry including powertrain components, chassis parts, and body systems. CIE Automotive serves major global automakers through its diversified product portfolio across passenger cars, commercial vehicles, and industrial applications.
The company generated strong operating cash flow of USD 147 million in Q1 2025, representing 68.3% over EBITDA. CIE Automotive continues outperforming the global automotive market by 0.4 percentage points, demonstrating its differentiated market positioning. The company's headquarters are located in Bilbao, Spain, and it operates manufacturing facilities across Europe, North America, Brazil, India, and China.
CIE Automotive has built a solid track record of sustained growth, with EBITDA CAGR of 6.3% and turnover CAGR of 8.6% over recent years. The company operates with operational excellence and financial discipline to tackle global volatility while maintaining strong profitability across its 97 production facilities worldwide.
Spain's corporate landscape continues to show remarkable resilience and growth across multiple sectors. You can see how these leading organizations maintain their competitive positions through strong financial performance, international expansion, and market adaptation. If you need investment insights or business opportunities, this list provides valuable guidance on the country's most successful enterprises.
You will find these organizations represent diverse industries from banking and energy to manufacturing and insurance. Their consistent revenue growth, market leadership, and global reach demonstrate Spain's economic strength.
