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Annual list of largest US corporations
The July 24, 2006 issue of Fortune , featuring its Fortune 500 list
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.[1] 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.[2] [3] The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000 .[4]
History [ edit ]
The Fortune 500, created by Edgar P. Smith, was first published in 1955.[2] The original top ten companies were General Motors , Jersey Standard , U.S. Steel , General Electric , Esmark , Chrysler , Armour , Gulf Oil , Mobil , and DuPont .[5]
Methodology [ edit ]
The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration.[6] 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.[7]
Influence [ edit ]
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 .[8]
Overview [ edit ]
The following is the list of top 20 companies.[9]
State
Industry
Revenue in USD
Walmart
Arkansas
General Merchandisers
$648.1 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
California
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 [ edit ]
This is the list of the top 18 states with the most companies within the Fortune 500 as of 2021.[10]
Companies
California
53
53
Texas
49
Illinois
28
Ohio
25
Pennsylvania
24
Virginia
22
Florida
20
Georgia
19
Massachusetts
18
18
Michigan
17
New Jersey
16
Connecticut
14
North Carolina
12
Colorado
10
10
10
See also [ edit ]
Fortune Global 500
Fortune India 500
Fortune 1000
List of largest companies in the United States by revenue
List of largest companies by revenue
List of Fortune 500 computer software and information companies
List of women CEOs of Fortune 500 companies
Forbes Global 2000
Total Fortune 1000 companies by urban area list
References [ edit ]
^ "1955 Full list" . Fortune . Retrieved March 1, 2016 .
^ Williams, Sean (June 4, 2015). "Fortune 100: Everything You've Ever Wanted to Know About This Popular Annual Ranking" . The Motley Fool . Retrieved March 1, 2016 .
^ "What happened to the first Fortune 500?" . Fortune . Retrieved March 24, 2017 .
^ Semczuk, Nina (2024-03-13). "What Are Fortune 500 Companies?" . Bankrate . Retrieved 2024-05-22 .
^ Groves, Martha (April 26, 1995). "Service Now Counts with Fortune 500" . Los Angeles Times . Retrieved October 12, 2017 .
^ 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. Retrieved October 1, 2020 – via Cision PR Newswire.
^ "Fortune 500 List of Companies 2022" . Fortune . Retrieved July 1, 2022 .
^ "Visualize the Fortune 500" . Fortune . Retrieved November 29, 2021 .
External links [ edit ]
Official website
Full list of Fortune 500 companies: 1955–2005 , 2006 , 2007 , 2008 , 2009 , 2010 , 2011 , 2012 , 2013 , 2014 , 2015 , 2016 , 2017 , 2018 , 2019 , 2020 , 2021 , 2022
Ralph Ingersoll
Eric Hodgins
Russell Davenport
Richardson Wood
Ralph D. Paine, Jr.
Hedley Donovan
Duncan Norton-Taylor
Louis Banks
Robert Lubar
William S. Rukeyser
Marshall Loeb
Walter Keichel III
John Huey
Richard Kirkland
Eric Pooley
Andrew Serwer
Alan Murray
Clifton Leaf
Alyson Shontell
John Curran
Nina Easton
Alfred Winslow Jones
David Kirkpatrick
Carol Loomis
John McDonald
Bethany McLean
Roger Parloff
Daniel Seligman
Allan Sloan
Herbert Solow
Alvin Toffler
Shawn Tully
Global 500
India 500
Global 2000
40 Under 40
100 Best Companies to Work For
Fortune Global Forum
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Fortune_500&oldid=1234965805 "
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