top of page

Fortune 500

The Fortune 500 is an annual list curated by Fortune magazine that ranks the 500 largest U.S. corporations by total revenue for their respective fiscal years. 

Fortune 500 Companies 2023 - 2024

Fortune 500 companies are those that rank among the top 500 US based corporations in terms of gross revenue. This list, published annually by Fortune magazine, is more than just a numerical placement; it's a signifier of corporate success and influence within the global marketplace.

List of Fortune 500 Companies

Rank
Company Name
Revenue ($M)
1
Walmart
$6,11,289
2
Amazon
$5,13,983
3
Exxon Mobil
$4,13,680
4
Apple
$3,94,328
5
UnitedHealth Group
$3,24,162
6
CVS Health
$3,22,467
7
Berkshire Hathaway
$3,02,089
8
Alphabet
$2,82,836
9
McKesson
$2,63,966
10
Chevron
$2,46,252
11
AmerisourceBergen
$2,38,587
12
Costco Wholesale
$2,26,954
13
Microsoft
$1,98,270
14
Cardinal Health
$1,81,364
15
Cigna
$1,80,516
16
Marathon Petroleum
$1,80,012
17
Phillips 66
$1,75,702
18
Valero Energy
$1,71,189
19
Ford Motor
$1,58,057
20
Home Depot
$1,57,403
21
General Motors
$1,56,735
22
Elevance Health
$1,56,595
23
JPMorgan Chase
$1,54,792
24
Kroger
$1,48,258
25
Centene
$1,44,547
26
Verizon Communications
$1,36,835
27
Walgreens Boots Alliance
$1,32,703
28
Fannie Mae
$1,21,596
29
Comcast
$1,21,427
30
AT&T
$1,20,741
31
Meta Platforms
$1,16,609
32
Bank of America
$1,15,053
33
Target
$1,09,120
34
Dell Technologies
$1,02,301
35
Archer Daniels Midland
$1,01,556
36
Citigroup
$1,01,078
37
UPS
$1,00,338
38
Pfizer
$1,00,330
39
Lowe's
$97,059
40
Johnson & Johnson
$94,943
41
FedEx
$93,512
42
Humana
$92,870
43
Energy Transfer
$89,876
44
State Farm Insurance
$89,328
45
Freddie Mac
$86,717
46
PepsiCo
$86,392
47
Wells Fargo
$82,859
48
Walt Disney
$82,722
49
ConocoPhillips
$82,156
50
Tesla
$81,462
51
Procter & Gamble
$80,187
52
General Electric
$76,555
53
Albertsons
$71,887
54
MetLife
$69,898
55
Goldman Sachs Group
$68,711
56
Sysco
$68,636
57
Raytheon Technologies
$67,074
58
Boeing
$66,608
59
StoneX Group
$66,036
60
Lockheed Martin
$65,984
61
Morgan Stanley
$65,936
62
Intel
$63,054
63
HP
$62,983
64
TD Synnex
$62,344
65
IBM
$60,530
66
HCA Healthcare
$60,233
67
Prudential Financial
$60,050
68
Caterpillar
$59,427
69
Merck
$59,283
70
World Kinect
$59,043
71
New York Life Insurance
$58,445
72
Enterprise Products Partners
$58,186
73
AbbVie
$58,054
74
Plains GP Holdings
$57,342
75
Dow
$56,902
76
AIG
$56,437
77
American Express
$55,625
78
Publix Super Markets
$54,942
79
Charter Communications
$54,022
80
Tyson Foods
$53,282
81
Deere
$52,577
82
Cisco Systems
$51,557
83
Nationwide
$51,450
84
Allstate
$51,412
85
Delta Air Lines
$50,582
86
Liberty Mutual Insurance Group
$49,956
87
TJX
$49,936
88
Progressive
$49,611
89
American Airlines Group
$48,971
90
CHS
$47,792
91
Performance Food Group
$47,194
92
PBF Energy
$46,830
93
Nike
$46,710
94
Best Buy
$46,298
95
Bristol-Myers Squibb
$46,159
96
United Airlines Holdings
$44,955
97
Thermo Fisher Scientific
$44,915
98
Qualcomm
$44,200
99
Abbott Laboratories
$43,653
100
Coca-Cola
$43,004
101
Oracle
$42,440
102
Nucor
$41,513
103
TIAA
$40,911
104
Massachusetts Mutual Life Insurance
$40,281
105
General Dynamics
$39,407
106
Capital One Financial
$38,373
107
HF Sinclair
$38,205
108
Dollar General
$37,845
109
Arrow Electronics
$37,124
110
Occidental Petroleum
$37,095
111
Northwestern Mutual
$36,921
112
Travelers
$36,884
113
Northrop Grumman
$36,602
114
USAA
$36,297
115
Honeywell International
$35,466
116
3M
$34,229
117
US Foods Holding
$34,057
118
Warner Bros. Discovery
$33,817
119
Lennar
$33,671
120
D.R. Horton
$33,480
121
Jabil
$33,478
122
Cheniere Energy
$33,428
123
Broadcom
$33,203
124
CarMax
$33,197
125
Starbucks
$32,250
126
Molina Healthcare
$31,974
127
Uber Technologies
$31,877
128
Philip Morris International
$31,762
129
Netflix
$31,616
130
NRG Energy
$31,543
131
Mondelez International
$31,496
132
Danaher
$31,471
133
Salesforce
$31,352
134
Paramount Global
$31,331
135
CBRE Group
$30,828
136
Micron Technology
$30,758
137
Visa
$29,310
138
Southern
$29,279
139
United Natural Foods
$28,928
140
Paccar
$28,820
141
Duke Energy
$28,784
142
Eli Lilly
$28,541
143
Hewlett Packard Enterprise
$28,496
144
Dollar Tree
$28,332
145
Lithia Motors
$28,188
146
Cummins
$28,074
147
Penske Automotive Group
$27,815
148
PayPal Holdings
$27,518
149
U.S. Bancorp
$27,401
150
Gilead Sciences
$27,281
151
AutoNation
$26,985
152
Nvidia
$26,974
153
Kraft Heinz
$26,485
154
Amgen
$26,323
155
Applied Materials
$25,785
156
EOG Resources
$25,702
157
Truist Financial
$25,356
158
Macy's
$25,305
159
Union Pacific
$24,875
160
C.H. Robinson Worldwide
$24,697
161
Rite Aid
$24,568
162
Constellation Energy
$24,440
163
Avnet
$24,311
164
Pioneer Natural Resources
$24,294
165
Southwest Airlines
$23,814
166
CDW
$23,749
167
Advanced Micro Devices
$23,601
168
PNC Financial Services Group
$23,542
169
McDonald's
$23,183
170
Cleveland-Cliffs
$22,989
171
Freeport-McMoRan
$22,780
172
Builders FirstSource
$22,726
173
Oneok
$22,387
174
Hartford Financial Services Group
$22,362
175
Charles Schwab
$22,307
176
Steel Dynamics
$22,261
177
Mastercard
$22,237
178
Sherwin-Williams
$22,149
179
Genuine Parts
$22,096
180
PG&E
$21,680
181
WESCO International
$21,420
182
Murphy USA
$21,266
183
WestRock
$21,257
184
International Paper
$21,161
185
Baker Hughes
$21,156
186
United States Steel
$21,065
187
NextEra Energy
$20,956
188
Targa Resources
$20,930
189
Lear
$20,892
190
Jones Lang LaSalle
$20,862
191
Goodyear Tire & Rubber
$20,805
192
Marriott International
$20,773
193
Marsh & McLennan
$20,720
194
Altria Group
$20,688
195
Coupang
$20,583
196
Carrier Global
$20,421
197
Halliburton
$20,297
198
Delek US Holdings
$20,246
199
Kimberly-Clark
$20,175
200
Texas Instruments
$20,028

Impact of Fortune 500 Companies

When we consider the titans of industry, the Fortune 500 companies often come to mind. But what exactly is their impact on our lives and the economy? Let's dive into the substantial economic and social influence these corporations wield.

Economic and Social Impact

Fortune 500 companies are more than just names on a list; they are powerful engines of the economy. They collectively generate trillions of dollars in revenue, which is a significant portion of the United States' Gross Domestic Product (GDP). This immense financial power translates into a ripple effect that impacts not only the economy but also society at large. For instance, the products and services they offer have become integral to our daily lives, shaping consumer habits and expectations. Moreover, their corporate social responsibility initiatives often set the standard for environmental stewardship and community engagement.

Job Creation

The employment opportunities provided by these corporations are staggering. They employ millions worldwide, offering a range of jobs from entry-level positions to high-paying executive roles. The job creation doesn't stop at direct employment either. These companies support a wide network of suppliers and partners, leading to further job growth indirectly. This makes them crucial players in tackling unemployment and driving workforce development.

Innovation

Innovation is another hallmark of Fortune 500 companies. They invest heavily in research and development (R&D) to bring new products and services to market, fostering an environment where innovation thrives. These investments often lead to breakthroughs that can change industries—or even the world—forever. Think about how technology companies have revolutionized communication or how pharmaceutical giants develop life-saving medications. Their commitment to innovation often sets the pace for smaller businesses and startups.

Industry Influence

The influence of Fortune 500 companies on their respective industries cannot be overstated. They often set trends that others follow, influencing everything from pricing strategies to marketing campaigns. Through their actions, these companies can shape industry standards and best practices, leading smaller competitors to adapt or risk falling behind.

Global Economy

On a global scale, the role of Fortune 500 companies is equally profound. They operate across borders, navigating complex international markets and often influencing trade policies. Their global presence allows them to contribute to the economies of multiple countries, and their investment decisions can have far-reaching consequences for emerging markets. In many ways, these corporations act as ambassadors of economic activity, connecting different parts of the world through commerce.

How to Make It to the Fortune 500 List?

What does it take for a company to be listed among the most prestigious in the business world? The Fortune 500 list is a who's who of corporate success, and making it onto this list is no small feat. In this section, we'll explore the factors that elevate a company to this celebrated ranking, the strategies they might employ to get there, and the hurdles they could encounter along the way.

Key Factors for Inclusion

Strategies for Climbing the Ranks

So, how can a company climb its way up to the Fortune 500? It's about more than just boosting sales. Companies invest in innovation, seeking out new markets and products that can lead to expansion. Mergers and acquisitions are common tactics used to rapidly increase a company's size and revenue. Moreover, investment in technology can streamline operations and reduce costs, thereby increasing profits and revenue potential. Another critical strategy is talent acquisition—by hiring and retaining the best employees, companies can gain a competitive edge in productivity and innovation.

Overcoming Challenges

Attaining and maintaining a position on the Fortune 500 list is not without its challenges. The market is always shifting, and consumer trends can change rapidly. Companies must stay agile, adapting to new technologies and changing market demands. Global economic fluctuations can also pose significant risks. Furthermore, increased competition means that businesses must continually find ways to stand out. Regulatory changes and compliance issues can also affect a company's ability to generate revenue and thus its position on the list.

bottom of page