Growth of Fortune 500 Businesses
🌱📊 The Fortune 500 survey encompasses companies that are firmly established within the United States and regularly submit financial statements to government authorities. This includes both publicly traded entities and privately owned enterprises. The list excludes private companies that do not share financial data with government agencies, foreign corporations, American firms subject to consolidation by other entities, and businesses that have not provided comprehensive financial reports for at least three quarters of the present fiscal year. Ratings are assigned based on total sales figures disclosed in their 10-K submissions or analogous financial statements for their respective fiscal cycles.
What is the Fortune 500?
❓💼 The Fortune 500 stands as a compilation of the 500 largest corporations within the United States, a list unveiled annually by Fortune magazine. These corporations are evaluated based on their annual revenues within the specified fiscal years. This comprehensive roster encompasses both publicly traded and privately held companies, utilizing publicly available revenue data. Earning a spot within the Fortune 500 roster is commonly regarded as a prestigious achievement.
Fortune 500 Companies history
📜🏢 The inception of Fortune magazine can be traced back to 1929 when Henry Robinson Luce brought it into being. The magazine's inaugural edition hit the shelves the following year and has since evolved into one of the globe's most influential business publications. Initially a monthly release, the magazine now boasts a schedule of 16 annual issues and a robust online presence.
How does the methodology of fortune 500 work?
🔍🔢 Ranking Mechanism:
Companies in the Fortune 500 are positioned based on their total revenues, considering fiscal years ending on or before March 31. To feature on this list, all businesses are required to disclose financial data and submit portions or all of their financial information to government authorities. Reported figures are used, and comparisons are drawn with data from the previous year as initially reported. Adjustments for accounting purposes do not involve restating the preceding year's data.
Global vs. US Scope:
The Fortune Global 500 evaluates the world's leading 500 companies in terms of total revenue. In contrast, the Fortune 500 focuses exclusively on companies within the United States.
Interesting Statistics about FORTUNE 500 Companies
📊🌐 As the Fortune 500 marks its 65th annual publication, it continues to stand as a definitive benchmark of corporate success. This year's compilation showcases remarkable figures: a staggering $13.7 trillion in sales, a robust $1.1 trillion in earnings, an impressive $22.6 trillion in market value, and an extensive workforce of 28.7 million employees spanning the globe. These influential Fortune 500 enterprises contribute significantly, encompassing two-thirds of the United States' Gross Domestic Product (GDP).
Key Highlights from the Fortune 500
🔑🌟 Here are several notable insights into the landscape of the 2019 Fortune 500 firms:
Colossal Revenue: In the year 2019 alone, the combined revenue of the Fortune 500 firms reached a remarkable $13.7 trillion, constituting approximately two-thirds of the entire U.S. GDP.
Minimum Revenue Bar: Every entity securing a spot on the Fortune 500 list displayed a minimum revenue of at least $5.6 billion, reflecting the substantial financial prowess of these corporations.
Walmart's Enduring Dominance: Holding its position as the top-ranked Fortune 500 enterprise since 2013, Walmart's financial might is evident with revenues totaling an astonishing $514 billion in 2019.
Top fortune 500 companies by their ranking 2023
🥇🏭 The annual update of the Fortune 100 Companies list stands as a hallmark of contemporary business evaluation. The current iteration marks the impressive 68th edition of the Fortune 500 ranking, capturing the essence of corporate prowess. The figures are nothing short of awe-inspiring: an aggregate market capitalization exceeding $33.20 trillion, an impressive $16.1 trillion in revenue, and a remarkable $1.8 trillion in profit. This numerical tapestry underscores the remarkable financial achievements of these industry titans.
Here are the top Fortune 500 firms with company revenue and sector:
🔝 Walmart - $611.28 billion - Retail
📦 Amazon - $513.98 billion - Retail
⛽ Exxon Mobil - $413.68 billion - Energy
🍏 Apple - $394.32 billion - Technology
👨⚕️ UnitedHealth Group - $324.16 billion - Health Care
🏥 CVS Health - $322.46 billion - Health Care
💰 Berkshire Hathaway - $302.08 billion - Financial
🔤 Alphabet - $282.83 billion - Technology
⚕️ McKesson - $263.96 billion - Health Care
⛽ Chevron - $246.25 billion - Energy
💊 AmerisourceBergen - $238.85 billion - Health Care
🛒 Costco Wholesale - $227.56 billion - Retail
💻 Microsoft - $217.45 billion - Technology
🏥 Cardinal Health - $212.14 billion - Health Care
🏥 Cigna - $206.78 billion - Health Care
🏭 Marathon Petroleum - $199.54 billion - Energy
🔧 Phillips 66 - $189.88 billion - Energy
⛽ Valero Energy - $187.57 billion - Energy
🚗 Ford Motor - $177.22 billion - Motor Vehicles & Parts
🏡 Home Depot - $171.89 billion - Retail
🚗 General Motors - $157.65 billion - Motor Vehicles & Parts
🏥 Elevance Health - $155.36 billion - Health Care
💼 JPMorgan Chase - $146.55 billion - Financial
🛒 Kroger - $139.12 billion - Food & Drug Stores
⚕️ Centene - $135.31 billion - Health Care
📶 Verizon Communications - $132.85 billion - Telecommunication
🏥 Walgreens Boots - $130.91 billion - Food & Drug Stores
💵 Fannie Mae - $120.13 billion - Financial
📺 Comcast - $119.49 billion - Telecommunication
📞 AT&T - $118.55 billion - Telecommunication
💡 Meta Platforms - $112.19 billion - Technology
💰 Bank of America - $108.63 billion - Financial
🎯 Target - $106.89 billion - Retail
💻 Dell Technologies - $94.99 billion - Technology
🌾 Archer Daniels Midland (ADM) - $87.98 billion - Food, Beverages & Tobacco
💳 Citigroup - $87.85 billion - Financial
📦 United Parcel Service - $87.57 billion - Transportation
💊 Pfizer - $81.38 billion - Health Care
🏠 Lowe’s - $77.13 billion - Retail
⚕️ Johnson & Johnson - $76.84 billion - Health Care
📦 FedEx - $74.88 billion - Transportation
👩⚕️ Humana - $71.68 billion - Health Care
⛽ Energy Transfer - $68.54 billion - Energy
🏠 State Farm Insurance - $67.95 billion - Financial
🏦 Freddie Mac - $67.71 billion - Financial
🥤 PepsiCo - $66.28 billion - Food, Beverages & Tobacco
🏦 Wells Fargo - $66.22 billion - Financial
🏰 Walt Disney - $62.89 billion - Media
⛽ ConocoPhillips - $61.16 billion - Energy
🚗 Tesla - $58.66 billion - Automotive
Some Frequently Asked Questions.
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