Top 100 Contractors in NAICS 52: Finance and Insurance, FY2025

Full ranking

Rank	Contractor	Net obligations	Share	Trend
1	UnitedHealth Group Incorporated 7 awardees, including Optum Public Sector Solutions, Inc., Optumrx Administrative Services, LLC and United Healthcare Services,Inc. Top agencies VA (Department of Veterans Affairs) Treasury (Department of the Treasury)	$22,738,611,479	44.6%	Rank history: #1 in FY2021, #28 in FY2022, #31 in FY2023 and #1 in FY2024; unchanged since FY2024.
2	Triwest Healthcare Alliance Corp Top agencies VA (Department of Veterans Affairs) DHA (Defense Health Agency)	$13,374,744,739	26.3%	Rank history: #3 in FY2021, #3 in FY2022, #2 in FY2023 and #2 in FY2024; unchanged since FY2024.
3	Humana Government Business Inc. Top agencies DHA (Defense Health Agency)	$6,513,706,427	12.8%	Rank history: #27 in FY2021, not on the FY2022–FY2023 lists and #3 in FY2024; unchanged since FY2024.
4	Health Net Federal Services, LLC Top agencies DHA (Defense Health Agency)	$1,427,302,715	2.8%	Rank history: #90 in FY2021, #6 in FY2022, #11 in FY2023 and #6 in FY2024; up 2 since FY2024.
5	Express Scripts Inc. Top agencies DHA (Defense Health Agency) HHS (Department of Health and Human Services)	$555,035,941	1.1%	Rank history: not on the FY2021–FY2022 lists, #5 in FY2023 and #9 in FY2024; up 4 since FY2024.
6	Johns Hopkins University Through The Johns Hopkins Medical Services Corporation Top agencies DHA (Defense Health Agency)	$485,468,317	1.0%	Rank history: not on the FY2021–FY2023 lists and #12 in FY2024; up 6 since FY2024.
7	Martins Point Health Care Inc. Top agencies DHA (Defense Health Agency)	$426,584,291	0.8%	Rank history: #8 in FY2021, #10 in FY2022, #8 in FY2023 and #10 in FY2024; up 3 since FY2024.
8	United Concordia Companies, Inc. Top agencies DHA (Defense Health Agency) CFPB (Consumer Financial Protection Bureau)	$403,272,059	0.8%	Rank history: not on the FY2021–FY2023 lists and #13 in FY2024; up 5 since FY2024.
9	Nelnet Servicing LLC Top agencies ED (Department of Education)	$397,232,037	0.8%	Rank history: #10 in FY2021, #9 in FY2022, #9 in FY2023 and #11 in FY2024; up 2 since FY2024.
10	Palmetto Gba, LLC Top agencies HHS (Department of Health and Human Services)	$326,173,615	0.6%	Rank history: not on the FY2021–FY2023 lists and #45 in FY2024; up 35 since FY2024.
11	Maximus Federal Services, Inc. 2 awardees, including Maximus Education LLC Top agencies ED (Department of Education)	$302,456,970	0.6%	Rank history: not on the FY2021–FY2023 lists and #29 in FY2024; up 18 since FY2024.
12	Edfinancial Services LLC Top agencies ED (Department of Education)	$249,322,949	0.5%	Rank history: not on the FY2021 list, #30 in FY2022, #21 in FY2023 and #19 in FY2024; up 7 since FY2024.
13	Missouri Higher Education Loan Authority Top agencies ED (Department of Education)	$239,777,669	0.5%	Rank history: #29 in FY2021, #15 in FY2022, #12 in FY2023 and #16 in FY2024; up 3 since FY2024.
14	Novitas Solutions, Inc. Top agencies HHS (Department of Health and Human Services)	$201,479,576	0.4%	Rank history: not on the FY2021 list, #21 in FY2022, #37 in FY2023 and #20 in FY2024; up 6 since FY2024.
15	Noridian Healthcare Solutions, LLC Top agencies HHS (Department of Health and Human Services)	$196,464,862	0.4%	Rank history: not on the FY2021–FY2023 lists and #15 in FY2024; unchanged since FY2024.
16	Elevance Health, Inc. Through Wellpoint Federal Solutions, Inc. Top agencies HHS (Department of Health and Human Services)	$177,998,211	0.3%	Rank history: #21 in FY2021, #19 in FY2022, #14 in FY2023 and #31 in FY2024; up 15 since FY2024.
17	Pacmed Clinics Top agencies DHA (Defense Health Agency)	$173,230,175	0.3%	Rank history: #17 in FY2021, #14 in FY2022, #15 in FY2023 and #21 in FY2024; up 4 since FY2024.
18	International Sos Government Services LLC Top agencies DHA (Defense Health Agency)	$172,557,972	0.3%	Rank history: #24 in FY2021, #23 in FY2022, #19 in FY2023 and #23 in FY2024; up 5 since FY2024.
19	Brighton Marine, Inc. Top agencies DHA (Defense Health Agency)	$154,216,876	0.3%	Rank history: #20 in FY2021, #18 in FY2022, #17 in FY2023 and #24 in FY2024; up 5 since FY2024.
20	Wisconsin Physicians Service Insurance Corp. Top agencies HHS (Department of Health and Human Services) DHA (Defense Health Agency)	$153,734,739	0.3%	Rank history: #18 in FY2021, #13 in FY2022, #27 in FY2023 and #25 in FY2024; up 5 since FY2024.
21	Christus Health 2 awardees Top agencies DHA (Defense Health Agency)	$148,479,458	0.3%	Rank history: #22 in FY2021, #22 in FY2022, #20 in FY2023 and #27 in FY2024; up 6 since FY2024.
22	CGS Administrators, LLC Top agencies HHS (Department of Health and Human Services)	$140,788,480	0.3%	Rank history: not on the FY2021–FY2023 lists and #34 in FY2024; up 12 since FY2024.
23	Svcmc, Inc. Top agencies DHA (Defense Health Agency)	$125,970,109	0.2%	Rank history: #25 in FY2021, #24 in FY2022, #23 in FY2023 and #28 in FY2024; up 5 since FY2024.
24	Heritage Health Solutions, Inc. 2 awardees Top agencies DOJ (Department of Justice) VA (Department of Veterans Affairs)	$111,947,761	0.2%	Rank history: #26 in FY2021, #26 in FY2022, #24 in FY2023 and #32 in FY2024; up 8 since FY2024.
25	Central Research Inc. Top agencies ED (Department of Education)	$81,301,727	0.2%	Rank history: not on the FY2021–FY2022 lists, #38 in FY2023 and #71 in FY2024; up 46 since FY2024.
26	First Coast Service Options Inc. Top agencies HHS (Department of Health and Human Services)	$66,085,523	0.1%	Rank history: not on the FY2021–FY2022 lists, #28 in FY2023 and #35 in FY2024; up 9 since FY2024.
27	Compu-Link Corp Top agencies HUD (Department of Housing and Urban Development)	$62,448,152	0.1%	Rank history: not on the FY2021 list, #60 in FY2022, #33 in FY2023 and #37 in FY2024; up 10 since FY2024.
28	Accenture Federal Services LLC Top agencies ED (Department of Education)	$61,915,925	0.1%	Rank history: not on the FY2021–FY2023 lists and #26 in FY2024; down 2 since FY2024.
29	F.h. Cann & Associates, Inc. Top agencies ED (Department of Education)	$57,836,539	0.1%	Rank history: not on the FY2021 list, #43 in FY2022, #40 in FY2023 and #41 in FY2024; up 12 since FY2024.
30	Citibank, N.A. Top agencies DOS (Department of State) Treasury (Department of the Treasury)	$49,995,583	0.1%	Rank history: not on the FY2021–FY2024 lists; new.
31	The Bank of New York Mellon Corporation 2 awardees Top agencies HUD (Department of Housing and Urban Development) DOJ (Department of Justice)	$42,518,544	0.1%	Rank history: #30 in FY2021, #34 in FY2022, #30 in FY2023 and not on the FY2024 list; up 353 since FY2024.
32	Coast Professional, Inc. Top agencies Treasury (Department of the Treasury)	$35,475,208	0.1%	Rank history: #66 in FY2021, #52 in FY2022, #35 in FY2023 and #40 in FY2024; up 8 since FY2024.
33	Signature Choice II, LLC Top agencies VA (Department of Veterans Affairs)	$34,019,417	0.1%	Rank history: not on the FY2021–FY2023 lists and #22 in FY2024; down 11 since FY2024.
34	Information Systems & Networks Corporation Top agencies HUD (Department of Housing and Urban Development)	$33,029,465	0.1%	Rank history: #55 in FY2021, #49 in FY2022, #32 in FY2023 and #44 in FY2024; up 10 since FY2024.
35	Taurus, LLC Top agencies DHS (Department of Homeland Security)	$28,506,024	0.1%	Rank history: not on the FY2021–FY2023 lists and #89 in FY2024; up 54 since FY2024.
36	Managed Care Advisors, Inc. Top agencies HHS (Department of Health and Human Services)	$25,300,416	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 108 since FY2024.
37	Healthequity, Inc. 2 awardees, including Wageworks, Inc. Top agencies OPM (Office of Personnel Management) VA (Department of Veterans Affairs) DFAS (Defense Finance and Accounting Service)	$20,920,294	<0.1%	Rank history: #57 in FY2021, #61 in FY2022, #44 in FY2023 and #50 in FY2024; up 13 since FY2024.
38	Alliant Insurance Services, Inc. Top agencies DOT (Department of Transportation) VA (Department of Veterans Affairs) DHS (Department of Homeland Security)	$16,120,729	<0.1%	Rank history: #47 in FY2021, #47 in FY2022, #54 in FY2023 and #48 in FY2024; up 10 since FY2024.
39	Nelnet Business Solutions, Inc. Through Great Lakes Educational Loan Services, Inc. Top agencies ED (Department of Education)	$15,754,821	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
40	Metlife, Inc. 4 awardees, including Metropolitan Life Insurance Co, American Life Insurance Company and Metlife A.e.a.z. Top agencies SEC (Securities and Exchange Commission) Treasury (Department of the Treasury) CFPB (Consumer Financial Protection Bureau)	$15,069,858	<0.1%	Rank history: #44 in FY2021, #46 in FY2022, #42 in FY2023 and #73 in FY2024; up 33 since FY2024.
41	Ducks Unlimited, Inc. Top agencies Army (Department of the Army)	$15,000,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
42	Verisk Analytics, Inc. 2 awardees, including Insurance Services Office, Inc. and ISO Services, Inc. Top agencies DHS (Department of Homeland Security) HHS (Department of Health and Human Services) Treasury (Department of the Treasury)	$13,645,986	<0.1%	Rank history: not on the FY2021 list, #67 in FY2022, #47 in FY2023 and #54 in FY2024; up 12 since FY2024.
43	International Medical Group Inc. Top agencies CNCS (Corporation for National and Community Service) Peace Corps	$12,564,623	<0.1%	Rank history: not on the FY2021–FY2023 lists and #56 in FY2024; up 13 since FY2024.
44	Dhipaya Insurance Public Company Limited Top agencies DOS (Department of State)	$12,397,685	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
45	Aviva Towarzystwo Ubezpieczen NA Zycie S a 3 awardees, including Pacific Investment Management Company LLC and Companhia De Seguros Allianz Portugal, S.A. Top agencies PBGC (Pension Benefit Guaranty Corporation) DOS (Department of State)	$10,821,650	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 307 since FY2024.
46	Wellington Management Company LLP Top agencies PBGC (Pension Benefit Guaranty Corporation)	$10,500,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
47	Nisa Investment Advisors LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$10,070,000	<0.1%	Rank history: #59 in FY2021, #58 in FY2022, #49 in FY2023 and #58 in FY2024; up 11 since FY2024.
48	Arrowstreet Capital LP Top agencies PBGC (Pension Benefit Guaranty Corporation)	$9,800,000	<0.1%	Rank history: #65 in FY2021, #70 in FY2022, #61 in FY2023 and #72 in FY2024; up 24 since FY2024.
49	Conduent Federal Solutions LLC Top agencies DOL (Department of Labor)	$9,787,735	<0.1%	Rank history: #60 in FY2021, #75 in FY2022, #71 in FY2023 and #57 in FY2024; up 8 since FY2024.
50	AXA Seguros Top agencies DOS (Department of State) USDA (Department of Agriculture) DOJ (Department of Justice)	$9,632,685	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
51	Acentra Health LLC Top agencies DOL (Department of Labor)	$9,604,080	<0.1%	Rank history: #75 in FY2021, #68 in FY2022, #59 in FY2023 and #62 in FY2024; up 11 since FY2024.
52	RER Solutions, Inc. 2 awardees, including Archetype II LLC Top agencies DOE (Department of Energy)	$9,191,258	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
53	Corelogic Solutions, LLC Top agencies USDA (Department of Agriculture) DOE (Department of Energy) DOJ (Department of Justice)	$8,781,762	<0.1%	Rank history: not on the FY2021–FY2023 lists and #96 in FY2024; up 43 since FY2024.
54	Prudential Financial Inc. Through Pgim, Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$8,600,000	<0.1%	Rank history: #54 in FY2021, #56 in FY2022, #58 in FY2023 and #60 in FY2024; up 6 since FY2024.
55	Naphcare LLC Top agencies DOJ (Department of Justice)	$8,223,617	<0.1%	Rank history: not on the FY2021 list, #63 in FY2022, #45 in FY2023 and #65 in FY2024; up 10 since FY2024.
56	Caresource Military & Veterans Co. Top agencies DHA (Defense Health Agency)	$8,000,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
57	Goldschmitt-Cri-2, LLC Top agencies ED (Department of Education)	$7,602,428	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
58	Milliman, Inc. Top agencies VA (Department of Veterans Affairs)	$7,303,292	<0.1%	Rank history: #41 in FY2021, #59 in FY2022, #55 in FY2023 and #69 in FY2024; up 11 since FY2024.
59	Bradesco Saude S / A Top agencies DOS (Department of State)	$7,177,643	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
60	Navy Federal Credit Union Top agencies Army (Department of the Army) Navy (Department of the Navy)	$7,154,316	<0.1%	Rank history: not on the FY2021–FY2023 lists and #68 in FY2024; up 8 since FY2024.
61	U.s. Bancorp 3 awardees, including U.s. Bank National Association Top agencies DHS (Department of Homeland Security) HHS (Department of Health and Human Services) Treasury (Department of the Treasury)	$7,089,943	<0.1%	Rank history: #61 in FY2021, #65 in FY2022, #48 in FY2023 and #99 in FY2024; up 38 since FY2024.
62	Afma SA Top agencies DOS (Department of State)	$6,997,232	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 97 since FY2024.
63	Marathon Asset Management Limited Top agencies PBGC (Pension Benefit Guaranty Corporation)	$6,600,000	<0.1%	Rank history: not on the FY2021 list, #39 in FY2022, #68 in FY2023 and not on the FY2024 list; up 59 since FY2024.
64	American Pet Insurance Company Top agencies VA (Department of Veterans Affairs)	$6,546,028	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
65	American Life Insurance Co (Dubai Branch) Top agencies DOS (Department of State)	$6,464,640	<0.1%	Rank history: not on the FY2021–FY2023 lists and #76 in FY2024; up 11 since FY2024.
66	British United Provident Association Limited(the) Through Bupa Acibadem Sigorta Anonim Sirketi" Top agencies DOS (Department of State)	$6,336,382	<0.1%	Rank history: not on the FY2021–FY2022 lists, #94 in FY2023 and not on the FY2024 list; up 37 since FY2024.
67	Educational Computer Systems, Inc. Top agencies ED (Department of Education)	$6,136,173	<0.1%	Rank history: #82 in FY2021, #51 in FY2022, #43 in FY2023 and #46 in FY2024; down 21 since FY2024.
68	Consumer Capital Group Corp. Top agencies Navy (Department of the Navy)	$5,890,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
69	Marsh & Mclennan Companies Inc. 2 awardees, including Guy Carpenter & Company, LLC and Mercer Investments LLC Top agencies DHS (Department of Homeland Security) PBGC (Pension Benefit Guaranty Corporation)	$5,725,363	<0.1%	Rank history: #36 in FY2021, #36 in FY2022, #29 in FY2023 and #43 in FY2024; down 26 since FY2024.
70	Dynaxys, LLC Top agencies HUD (Department of Housing and Urban Development)	$5,574,803	<0.1%	Rank history: not on the FY2021–FY2023 lists and #64 in FY2024; down 6 since FY2024.
71	Malath Cooperative Insurance and Reinsurance Company Top agencies DOS (Department of State)	$5,481,895	<0.1%	Rank history: #89 in FY2021, #92 in FY2022, #77 in FY2023 and #82 in FY2024; up 11 since FY2024.
72	Varetis, Inc. Top agencies DOJ (Department of Justice)	$5,472,500	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 78 since FY2024.
73	Capitol Bridge, LLC Top agencies HHS (Department of Health and Human Services)	$5,215,416	<0.1%	Rank history: #78 in FY2021, #82 in FY2022, #69 in FY2023 and not on the FY2024 list; up 55 since FY2024.
74	Delta Land Services LLC Top agencies Army (Department of the Army)	$5,147,700	<0.1%	Rank history: #39 in FY2021, #57 in FY2022, #57 in FY2023 and not on the FY2024 list; returned.
75	AIA Life Insurance Company Limited Beijing Branch Top agencies DOS (Department of State)	$5,076,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 27 since FY2024.
76	Allspring Global Investments, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$4,800,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
77	The Goldman Sachs Group Inc Through Goldman Sachs Asset Management, L.P Top agencies PBGC (Pension Benefit Guaranty Corporation)	$4,720,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
78	Al-Nisr Al-Arabi Insurance Top agencies DOS (Department of State)	$4,715,861	<0.1%	Rank history: #92 in FY2021, #100 in FY2022, #76 in FY2023 and #84 in FY2024; up 6 since FY2024.
79	Cigna Worldwide Insurance Branch Top agencies Army (Department of the Army)	$4,338,456	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 28 since FY2024.
80	Delta Dental of California 2 awardees, including Delta Dental Insurance Company Top agencies Treasury (Department of the Treasury)	$4,231,767	<0.1%	Rank history: not on the FY2021 list, #88 in FY2022, #78 in FY2023 and #88 in FY2024; up 8 since FY2024.
81	American Life Insurance Company Alico Lebanon Top agencies DOS (Department of State)	$3,898,249	<0.1%	Rank history: not on the FY2021–FY2022 lists, #82 in FY2023 and #93 in FY2024; up 12 since FY2024.
82	Pan American Life De Colombia Compania De Seguros S A Top agencies DOS (Department of State)	$3,889,890	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 281 since FY2024.
83	ManTech International Corporation Through TCW Asset Management Company LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$3,860,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
84	Command Services & Support, Inc. Top agencies DOJ (Department of Justice)	$3,833,600	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
85	Rust Consulting, Inc. Top agencies CFPB (Consumer Financial Protection Bureau)	$3,664,253	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 75 since FY2024.
86	Asuransi Jasa Indonesia (Persero), PT Top agencies DOS (Department of State)	$3,410,841	<0.1%	Rank history: not on the FY2021–FY2022 lists, #90 in FY2023 and #97 in FY2024; up 11 since FY2024.
87	Lisungi SA Top agencies DOS (Department of State) USAID (US Agency for International Development) HHS (Department of Health and Human Services)	$3,400,478	<0.1%	Rank history: not on the FY2021–FY2023 lists and #92 in FY2024; up 5 since FY2024.
88	Philhealthcare, Inc. Top agencies DOS (Department of State) DSCA (Defense Security Cooperation Agency)	$3,305,643	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 43 since FY2024.
89	Delta Dental of South Dakota Top agencies HHS (Department of Health and Human Services)	$3,060,758	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 27 since FY2024.
90	Sigal Insurance Group Sh.a. 2 awardees, including Private Joint Stock Company "Insurance Company "Uniqa" Top agencies DOS (Department of State)	$2,921,690	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 147 since FY2024.
91	Neuberger Berman Investment Advisers LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,900,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 18 since FY2024.
92	Principal Financial Group Inc. Through Principal Real Estate Investors LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,650,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
93	Guidehouse Inc. Top agencies HUD (Department of Housing and Urban Development)	$2,634,910	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
94	MFS Institutional Advisors Inc Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,520,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
95	Sinoasia B&R Insurance Company Joint Stock Company Top agencies DOS (Department of State)	$2,501,738	<0.1%	Rank history: not on the FY2021–FY2023 lists and #100 in FY2024; up 5 since FY2024.
96	Innovest Systems, LLC Top agencies DOI (Department of the Interior)	$2,500,000	<0.1%	Rank history: not on the FY2021–FY2023 lists and #81 in FY2024; down 15 since FY2024.
97	IT Data Consulting L.L.C. Top agencies HUD (Department of Housing and Urban Development)	$2,399,176	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 29 since FY2024.
98	Palisade Strategies, LLC Top agencies VA (Department of Veterans Affairs)	$2,202,165	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 47 since FY2024.
99	Reli Group Inc. Top agencies HHS (Department of Health and Human Services)	$2,197,423	<0.1%	Rank history: #58 in FY2021, #66 in FY2022, #81 in FY2023 and not on the FY2024 list; returned.
100	Duff & Phelps Investment Management Co Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,180,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.

Rankings for the codes under NAICS 52

How this ranking works

• Source: every contract action FPDS records (as published on SAM.gov) in the period, as GovTribe received it.
• Amounts are net obligations: what was obligated, less what was deobligated. Shares are of $50.9 billion obligated before deobligations, so they never pass 100%.
• Parent companies: each action counts under the ultimate parent its award record names, or under the awardee when it names none, so no dollar counts twice. An awardee whose own actions mostly name no parent, and that no other company's actions name as their parent, rolls up its SAM.gov registration's chain of parent companies: it counts under the first company there that other companies' actions name as their parent, or under the parent most of a company's own actions name, whichever comes first; with neither, under the highest company in the chain with federal contracts of its own. Joint ventures stay companies of their own. Parents of the same name (Inc., LLC and the like aside) count as one company, since FPDS records a company's parent under more than one UEI over time. GovTribe corrects a few parents and names by hand; see the corrections.
• Fiscal year 2025 ran Oct 1, 2024 – Sep 30, 2025. The Department of Defense reports its contract actions to FPDS about 90 days late, so a fiscal year is ranked once they're in, in February, and the list doesn't change after.
• Rank changes compare with FY2024. "New" marks a company outside that period's top 500, and "Returned" one of those that was on an earlier fiscal year's list.
• Rank lines show each company's rank on every fiscal year's list since FY2021, #1 at the top, on a scale that gives the top of the list more room. A dashed stretch spans years it wasn't on the list. The step from FY2024 takes the color of the rank change beside it.
• Placeholder recipients FPDS uses when it names no company ("Miscellaneous Foreign Contractors" and the like) aren't ranked.

Quick answers