Fortune 500
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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.<ref>Template:Cite web</ref> 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.<ref name=":0">Template:Cite news</ref><ref>Template:Cite web</ref> The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.<ref>Template:Cite web</ref>
History
The Fortune 500, created by Edgar P. Smith, was first published in January 1955.<ref name=":0"/> 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.<ref>Template:Cite web</ref>
Methodology
The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration.<ref>Template:Cite web</ref> 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.<ref>Template:Cite news</ref>
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.<ref>Template:Cite news</ref>
Overview
The following is the list of top 20 companies.<ref>Template:Cite web</ref>
| Rank | Company | State | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | Template:Flag | General merchandisers | $648.1 billion |
| 2 | Amazon | Template:Flag | Internet services and retailing | $574.8 billion |
| 3 | Apple | Template:Flag | Computers, office equipment | $383.3 billion |
| 4 | UnitedHealth Group | Template:Flag | Health care: insurance and managed care | $371.6 billion |
| 5 | Berkshire Hathaway | Template:Flag | Insurance: property and casualty (stock) | $364.5 billion |
| 6 | CVS Health | Template:Flag | Health care: pharmacy and other services | $357.8 billion |
| 7 | ExxonMobil | Template:Flag | Petroleum refining | $344.6 billion |
| 8 | Alphabet Inc. | Template:Flag | Internet services and retailing | $307.4 billion |
| 9 | McKesson Corporation | Template:Flag | Wholesalers: health care | $276.7 billion |
| 10 | Cencora | Template:Flag | Wholesalers: health care | $262.2 billion |
| 11 | Costco | Template:Flag | General merchandisers | $242.3 billion |
| 12 | JPMorgan Chase | Template:Flag | Commercial banks | $239.4 billion |
| 13 | Microsoft | Template:Flag | Computer software | $211.9 billion |
| 14 | Cardinal Health | Template:Flag | Wholesalers: health care | $205.0 billion |
| 15 | Chevron Corporation | Template:Flag | Petroleum refining | $200.9 billion |
| 16 | Cigna | Template:Flag | Health care: pharmacy and other services | $195.3 billion |
| 17 | Ford Motor Company | Template:Flag | Motor vehicles & parts | $176.2 billion |
| 18 | Bank of America | Template:Flag | Commercial banks | $171.9 billion |
| 19 | General Motors | Template:Flag | Motor vehicles & parts | $171.8 billion |
| 20 | Elevance Health | Template:Flagcountry | 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.<ref>Template:Cite web</ref>
| Rank | State | Companies |
|---|---|---|
| 1 | Template:Flag | 57 |
| 2 | Template:Flag | 52 |
| Template:Flag | 52 | |
| 4 | Template:Flag | 32 |
| 5 | Template:Flag | 27 |
| 6 | Template:Flag | 24 |
| 7 | Template:Flag | 22 |
| 8 | Template:Flag | 20 |
| 9 | Template:Flagcountry | 18 |
| 10 | Template:Flag | 17 |
| 11 | Template:Flag | 16 |
| Template:Flag | 16 | |
| 13 | Template:Flag | 15 |
| 14 | Template:Flag | 14 |
| 15 | Template:Flag | 12 |
| Template:Flag | 12 | |
| 17 | Template:Flag | 10 |
| Template:Flag | 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.<ref>Template:Cite web</ref>
| Rank | Metropolitan area | Companies |
|---|---|---|
| 1 | Template:Flag | 46 |
| 2 | Template:Flag | 30 |
| 3 | Template:Flag | 23 |
| 4 | Template:Flag | 20 |
| Template:Flag | 20 | |
| Template:FlagTemplate:Efn | 20 | |
| 7 | Template:Flag | 16 |
| 8 | Template:Flag | 15 |
| 9 | Template:Flag | 14 |
| Template:Flagcountry | 14 |
See also
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- 40 Under 40
- 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