Global miner BHP Billiton is still Australia's biggest revenue-making company - generating $72.97 billion in revenue in 2014.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
Meanwhile the retail giants lagged behind the global miner, with retailer Woolworths jumping over Wesfarmers, which owns rival supermarket chain Coles, to become Australia's second-biggest revenue earner in 2014.
Woolworths jumped from fourth spot in the prior year, with total 2014 revenue of $61.2 billion, according to market research provider IBISWorld. Wesfarmers, meantime, dropped to third spot, with $60.5 billion in revenue.
IBISWorld said movement among the top 10 revenue generators was limited, with AustralianSuper the only dropout, falling five spots to No. 15 from 10th place in 2013.
Average revenue growth across the top 1000 declined to 7.5 per cent from 14.6 per cent growth in the prior year.
Law firms performed well as a result of companies restructuring and an increase in commercial activity. Law firms on the top 1000 list generated growth in revenue of 18 per cent overall.
Engineering consulting continued its strong run in 2014 despite a slight fall in average revenue growth.
Continued major infrastructure projects, and alliances and consolidation within the industry offset a decline in mining investment.
Telecommunications companies had mixed results as competition for market share and the migration from wired to wireless telecommunications.
Telstra lifted its revenue by 5.8 per cent, driven by investment in its mobile network.
The fast food sector suffered from weak growth as consumers shifted to healthier food and consumer sentiment was volatile.
Nonetheless, Domino's Pizzas jumped 380 places on the list after its revenue grew by 98.5 per cent. Domino's opened new stores and invested in online platforms and applications, which appealed to younger consumers.
AUSTRALIA'S TOP TEN COMPANIES BY REVENUE in 2014
1. BHP Billiton $73 billion
2. Woolworths $61. billion
3. Wesfarmers $60. billion
4. Rio Tinto $59. billion
5. NAB $45. billion
6. Commonwealth Bank $44. billion
7. Westpac $38. billion
8. ANZ $35. billion
9. Telstra $26. billion
10. Caltex Australia $24. billion
