Top Simulation indie studios by revenue

indielist ranks 44 indie studios that ship Simulation games, by estimated revenue from their Simulation titles (white-box, Boxleiter-derived from Steam reviews). Leading is Paradox Development Studio at ~$1654.9M. Estimates, not financials — open the formula on any game.

1. 1 Paradox Development Studio top: Hearts of Iron IV 5 titles ~$1654.9M
2. 2 Colossal Order top: Cities: Skylines 1 title ~$354.4M
3. 3 EA Canada top: EA SPORTS FC™ 25 2 titles ~$332.0M
4. 4 Frontier Developments top: Jurassic World Evolution 2 2 titles ~$231.2M
5. 5 11 bit studios top: Frostpunk 2 titles ~$197.7M
6. 6 Asobo Studio top: Microsoft Flight Simulator (2020) 40th Anniversary Edition 1 title ~$188.9M
7. 7 GIANTS Software top: Farming Simulator 22 3 titles ~$147.9M
8. 8 Slavic Magic top: Manor Lords 1 title ~$109.3M
9. 9 Iceflake Studios top: Cities: Skylines II 1 title ~$96.8M
10. 10 Ubisoft Mainz top: Anno 1800 1 title ~$86.4M
11. 11 Firaxis Games top: Sid Meier's Civilization VII 1 title ~$76.1M
12. 12 Limbic Entertainment top: Tropico 6 1 title ~$59.8M
13. 13 Sports Interactive top: Football Manager 26 1 title ~$51.1M
14. 14 Blackbird Interactive top: Hardspace: Shipbreaker 2 titles ~$49.3M
15. 15 3Division top: Workers & Resources: Soviet Republic 1 title ~$44.8M
16. 16 Dovetail Games top: Train Simulator Classic 1 title ~$42.5M
17. 17 Eremite Games top: Against the Storm 1 title ~$40.2M
18. 18 Saber Interactive top: MudRunner 1 title ~$37.8M
19. 19 Microsoft Game Studios top: Microsoft Flight Simulator X: Steam Edition 1 title ~$35.7M
20. 20 Fluppisoft GmbH top: Brick Rigs 1 title ~$35.7M
21. 21 The Sims Studio top: The Sims™ 3 1 title ~$35.1M
22. 22 Toxic Dog top: Ranch Simulator: Build, Hunt, Farm 3 titles ~$30.9M
23. 23 Alex Massé and team top: Paralives 1 title ~$24.4M
24. 24 OPNeon Games top: TCG Card Shop Simulator 1 title ~$20.2M
25. 25 Slug Disco top: Empires of the Undergrowth 1 title ~$20.1M
26. 26 Runner Duck top: Bomber Crew 1 title ~$12.6M
27. 27 Walternate Realities top: Cosmoteer: Starship Architect & Commander 1 title ~$8.7M
28. 28 Untitled Studio top: Tavern Master 1 title ~$8.4M
29. 29 Stray Fawn Studio top: The Wandering Village 1 title ~$7.8M
30. 30 Sassy Chap Games top: Date Everything! 1 title ~$6.8M
31. 31 Killerfish Games top: War on the Sea 1 title ~$5.8M
32. 32 Gleamer Studio top: Settlement Survival 1 title ~$5.4M
33. 33 Tendershoot top: Hypnospace Outlaw 1 title ~$4.7M
34. 34 Digital Sun top: Cataclismo 1 title ~$3.9M
35. 35 Springloaded top: Let's Build a Zoo 1 title ~$3.5M
36. 36 Sparrow Night top: News Tower 1 title ~$3.4M
37. 37 VEOM Studio top: The Crust 1 title ~$3.4M
38. 38 Jelle Booij top: Aviassembly 1 title ~$2.3M
39. 39 World Golf Tour, LLC top: WGT Golf 1 title ~$1.5M
40. 40 Clapperheads top: Zoochosis 1 title ~$1.5M
41. 41 Wessel Stoop top: The Sapling 1 title ~$1.5M
42. 42 Coincidence top: Kaizen: A Factory Story 1 title ~$396K
43. 43 Strange Scaffold top: Space Warlord Baby Trading Simulator 1 title ~$275K
44. 44 Space Kraken Studios top: Military Incremental Complex 1 title ~$135K

Estimates only. How is this calculated?