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Indiana Business by the Numbers: 2026 Company Breakdown

Indiana is home to 962,481 companies — the 22nd-most of any U.S. state, or 1.5% of the national total. Indianapolis leads its cities with 196,291 companies (20.4% of the state), and Industrial & mechanical is the largest sector at 28.3% of Indiana companies.

The figures below come from Factur’s directory of U.S. companies, spanning 23 Indiana cities and 9 industry sectors. Every number links to the live, browsable list behind it. Journalists and researchers are welcome to cite these figures with a link back to this page.

962,481Companies in Indiana
22ndRank among U.S. states
1.5%Share of U.S. total
23Cities in the directory

Key findings

  • Indiana ranks 22nd nationally with 962,481 companies — 1.5% of all 64,799,929 U.S. companies in the directory.
  • Indianapolis is the state’s largest business hub, with 196,291 companies — 20.4% of every company in Indiana.
  • Business is concentrated in a few metros: Indianapolis, Fort Wayne and Evansville together hold 28.2% of the state’s companies.
  • Industrial & mechanical leads the state’s industries at 272,707 companies (28.3%), across 9 tracked sectors.

How Indiana ranks nationally

Indiana and its closest neighbours by total company count. Select a state to open its own study.

Top Indiana cities by number of companies

These 10 cities account for 41.3% of all companies in Indiana. Select any city to browse its full company list.

1. Indianapolis
196,291 20.4%
2. Fort Wayne
48,068 5.0%
3. Evansville
27,364 2.8%
4. Carmel
25,534 2.7%
5. South Bend
21,227 2.2%
6. Bloomington
19,505 2.0%
7. Fishers
16,023 1.7%
8. Elkhart
14,979 1.6%
9. Lafayette
14,436 1.5%
10. Greenwood
13,666 1.4%

Browse all Indiana companies →

Indiana companies by industry

Every company is classified by its primary industry using NAICS/SIC codes. Select a sector to see those Indiana companies.

Consumer
130,320 13.5%
Real Estate
43,330 4.5%
Financial
40,322 4.2%
Food & Beverage
23,313 2.4%
Communication
17,469 1.8%
Construction
3,601 0.4%
IT
1,948 0.2%

What the numbers show

Indiana’s 962,481 companies place it 22nd nationally, 1.5% of the U.S. total. Activity clusters in its largest metros — Indianapolis, Fort Wayne and Evansville alone account for 28.2% of the state’s companies — while industrial & mechanical is the dominant sector at 28.3%. For buyers and sellers, that means the deepest pools of suppliers and manufacturers sit in a handful of cities and one or two sectors; the charts above link straight into each so you can shortlist by capability and region.

Cite this data

Free to use with attribution — please credit Factur and link back to this page.

CitationFactur. (2026). Indiana Business by the Numbers: 2026 Company Breakdown. data.facturmfg.com. https://data.facturmfg.com/insights/indiana
Link (HTML)<a href="https://data.facturmfg.com/insights/indiana">Indiana Business by the Numbers: 2026 Company Breakdown</a> — data by Factur

Methodology

Figures reflect companies listed in Factur’s U.S. business directory as of 2026, classified by headquarters city and primary industry using NAICS/SIC codes. “Companies” includes manufacturers, suppliers, and B2B businesses of all sizes; counts are directory totals, not official census figures, and percentages are computed against the Indiana directory total. Data compiled by Factur, a sales and marketing firm for B2B manufacturers.

Looking for a specific industry in Indiana? Browse the Indiana directory → or contact us for a custom data pull.