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Fortune 500
Annual list of largest US corporations
Annual list of largest US corporations
Please do not add the complete list of fortune 1000 companies. The list is copyrighted by Fortune, which makes money by selling the content. As per Feist Publications v. Rural Telephone Service case, copyright may apply to this list, since it is a "creative list": "the creative choice of what data to include or exclude, the order and style in which the information is presented, etc." This list however, consists of publicly available information (list of companies, sorted by revenues). I'll send a mail to OTRS list – please wait until further directions. Thank you!
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The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955. The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.
History
The Fortune 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Anderson-Prichard Oil Corporation, Armour, Gulf Oil, Chrysler, Mobil, and DuPont.
Methodology
The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, Fortune published companion "Fortune 50" lists of the 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). Fortune magazine changed its methodology in 1994 to include service companies. With the change came 291 new entrants to the famous list including three in the Top 10.
Influence
As of 2020, the Fortune 500 companies represent approximately two-thirds of the United States' gross domestic product with approximately $14.2 trillion in revenue, $1.2 trillion in profits, and $20.4 trillion in total market value. These revenue figures also account for approximately 18% of the gross world product. The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the world's total population.
Overview
The following is the list of top 20 companies.
| Rank | Company | State | Industry | Revenue in USD | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Walmart | Arkansas | General merchandisers | $703.06 billion | |||||||||||||||||||||
| Amazon | Washington | Internet services and retailing | $574.8 billion | |||||||||||||||||||||
| Apple | California | Computers, office equipment | $383.3 billion | |||||||||||||||||||||
| UnitedHealth Group | Minnesota | Health care: insurance and managed care | $371.6 billion | |||||||||||||||||||||
| Berkshire Hathaway | Nebraska | Insurance: property and casualty (stock) | $364.5 billion | |||||||||||||||||||||
| CVS Health | Rhode Island | Health care: pharmacy and other services | $357.8 billion | |||||||||||||||||||||
| ExxonMobil | Texas | Petroleum refining | $344.6 billion | |||||||||||||||||||||
| Alphabet Inc. | California | Internet services and retailing | $307.4 billion | |||||||||||||||||||||
| McKesson Corporation | Texas | Wholesalers: health care | $276.7 billion | |||||||||||||||||||||
| Cencora | Pennsylvania | Wholesalers: health care | $262.2 billion | |||||||||||||||||||||
| Costco | Washington | General merchandisers | $242.3 billion | |||||||||||||||||||||
| JPMorgan Chase | New York | Commercial banks | $239.4 billion | |||||||||||||||||||||
| Microsoft | Washington | Computer software | $211.9 billion | |||||||||||||||||||||
| Cardinal Health | Ohio | Wholesalers: health care | $205.0 billion | |||||||||||||||||||||
| Chevron Corporation | Texas | Petroleum refining | $200.9 billion | |||||||||||||||||||||
| Cigna | Connecticut | Health care: pharmacy and other services | $195.3 billion | |||||||||||||||||||||
| Ford Motor Company | Michigan | Motor vehicles & parts | $176.2 billion | |||||||||||||||||||||
| Bank of America | North Carolina | Commercial banks | $171.9 billion | |||||||||||||||||||||
| General Motors | Michigan | Motor vehicles & parts | $171.8 billion | |||||||||||||||||||||
| Elevance Health | Indiana | Health care: insurance and managed care | $171.3 billion |
Breakdown by state
This is the list of the top 18 states with the most companies within the Fortune 500 as of 2024.
| Rank | State | Companies | 1 | 2 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 13 | 14 | 15 | 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| California | 57 | |||||||||||||||
| New York | 52 | |||||||||||||||
| Texas | 52 | |||||||||||||||
| Illinois | 32 | |||||||||||||||
| Ohio | 27 | |||||||||||||||
| Virginia | 24 | |||||||||||||||
| Florida | 22 | |||||||||||||||
| Pennsylvania | 20 | |||||||||||||||
| Georgia (U.S. state) | 18 | |||||||||||||||
| Minnesota | 17 | |||||||||||||||
| Massachusetts | 16 | |||||||||||||||
| Michigan | 16 | |||||||||||||||
| Connecticut | 15 | |||||||||||||||
| New Jersey | 14 | |||||||||||||||
| North Carolina | 12 | |||||||||||||||
| Washington | 12 | |||||||||||||||
| Arizona | 10 | |||||||||||||||
| Tennessee | 10 |
Breakdown by metropolitan area
This is the list of the top 10 metropolitan statistical areas with the most companies within the Fortune 500 as of 2024.
| Rank | Metropolitan area | Companies | 1 | 2 | 3 | 4 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| New York City | 46 | ||||||||
| Chicago | 30 | ||||||||
| Houston | 23 | ||||||||
| Dallas | 20 | ||||||||
| San Jose, California | 20 | ||||||||
| Washington, D.C. | 20 | ||||||||
| Atlanta | 16 | ||||||||
| Minneapolis | 15 | ||||||||
| Boston | 14 | ||||||||
| San Francisco | 14 |
References
References
- "Fortune 500".
- (October 12, 1989). "Edgar Smith, 69, Dies; Retired Time Executive". [[The New York Times]].
- "1955 Full list".
- (June 4, 2015). "''Fortune'' 100: Everything You've Ever Wanted to Know About This Popular Annual Ranking".
- "What happened to the first Fortune 500?".
- Semczuk, Nina. (2024-03-13). "What Are Fortune 500 Companies?".
- Groves, Martha. (April 26, 1995). "Service Now Counts with Fortune 500". [[Los Angeles Times]].
- Klooster, Alison. (May 18, 2020). "FORTUNE Announces 2020 FORTUNE 500 List, Launches First Ever "History Of The FORTUNE 500" Data Analytics Visualization Site With Partner Qli". Fortune.
- "Fortune 500 List of Companies 2022". [[Fortune (magazine).
- (30 July 2024). "Map: The Number of Fortune 500 Companies in Each U.S. State". Visual Capitalist.
- "Markets with the Most Fortune 500 Headquarters in 2024". Real Page.
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