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Fortune 500 – The largest companies in the U.S. by revenue | Fortune
<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>Fortune 500 – The largest companies in the U.S. by revenue | Fortune</title><meta name="msapplication-TileColor" content="#ffc40d"/><meta name="theme-color" content="#FFFFFF"/><meta name="description" content="The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue."/><meta name="keywords"/><meta property="og:url" content="https://fortune.com/ranking/fortune500/"/><meta property="og:type" content="article"/><meta property="og:title" content="Fortune 500"/><meta property="og:description" content="The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue."/><meta property="og:site_name" content="Fortune"/><meta property="og:image" content="https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png?resize=1200,600"/><meta property="og:width" content="1024"/><meta property="og:height" content="683"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:title" content="Fortune 500"/><meta name="twitter:description" content="The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue."/><meta name="twitter:image" content="https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png?resize=1200,600"/><meta name="twitter:url" content="https://fortune.com/ranking/fortune500/"/><meta property="fb:pages" content="56501027948"/><meta name="robots" content=""/><link rel="preconnect" href="https://www.google-analytics.com" crossorigin=""/><link rel="preconnect" href="https://www.googletagservices.com" crossorigin=""/><link rel="preconnect" href="https://ad.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://static.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://securepubads.g.doubleclick.net" crossorigin=""/><link rel="icon" href="/icons/favicons/favicon.ico"/><link rel="canonical" href="https://fortune.com/ranking/fortune500/"/><script id="json-schema" type="application/ld+json">{"@type":["ItemList","Article"],"@context":["https://schema.org"],"publisher":{"@type":"NewsMediaOrganization","logo":{"@type":"ImageObject","url":"https://fortune.com/static/media/logo.png"},"name":"Fortune"},"headline":"Fortune 500","url":"https://fortune.com/ranking/fortune500/","mainEntityOfPage":"https://fortune.com/ranking/fortune500/","dateModified":"2024-07-10 15:58:05-00:00","datePublished":"1717472163-00:00","identifier":356,"thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png?resize=300,300","image":"https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png?resize=1200,600","keywords":null,"articleSection":"Uncategorized","description":"<p>The Fortune 500, in its 70th year, ranks the biggest U.S. companies by revenue. 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($M)\":\"$357,776\",\"Revenue Percent Change\":\"10.9%\",\"Profits ($M)\":\"$8,344\",\"Profits Percent Change\":\"101.1%\",\"Assets ($M)\":\"$249,728\",\"Headquarters City\":\"Woonsocket\",\"Change in Rank (500 only)\":\"\",\"Gained in Rank\":\"no\",\"Dropped in Rank\":\"no\",\"Newcomer to the Fortune 500\":\"no\",\"Profitable\":\"yes\",\"Founder is CEO\":\"no\",\"Female CEO\":\"no\",\"Growth in Jobs\":\"no\",\"Sector\":\"Health Care\",\"Global 500\":\"yes\",\"Best Companies\":\"no\",\"World's Most Admired Companies\":\"yes\",\"Change in Rank (Full 1000)\":\"\",\"State\":\"Rhode Island\",\"Market Value ($M)\":\"$100,373.9\",\"Employees\":\"259,500\",\"Industry\":\"Health Care: Pharmacy and Other Services\"}","image":null,"order":6,"rank":6,"slug":"/company/cvs-health/","title":"CVS Health","url":"https://fortune.com/company/cvs-health/"},{"content":"","data":"{\"Revenues ($M)\":\"$344,582\",\"Revenue Percent Change\":\"-16.7%\",\"Profits ($M)\":\"$36,010\",\"Profits Percent 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Included in the survey are companies that are incorporated in the U.S., operate in the U.S., and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency. Also excluded are companies that failed to report full financial statements for at least three-quarters of the current fiscal year. Percent change calculations for revenue, net income, and earnings per share are based on data as originally reported. They are not restated for mergers, acquisitions, or accounting changes. The only changes to the prior years’ data are for significant restatement owing to reporting errors that require a company to file an amended 10-K.\u003c/p\u003e\u003cp\u003eThe \u003ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https://fortune.com/ranking/fortune500/sector/\"\u003eFortune Sector Leaders\u003c/a\u003e lists highlight the biggest Fortune 1000 companies by annual revenue within each sector. Fortune 1000’s 70 industries are grouped into 19 sector lists. The highest-revenue companies in the top half of each sector are listed and ranked. The number of companies in each list differ and are determined by the total number of companies the respective sectors.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Revenues","content":"\u003cp\u003eRevenues are as reported, including revenues from discontinued operations when published. If a spin-off is on the list, it has not been included in discontinued operations. Revenues for commercial banks includes interest and noninterest revenues. Revenues for insurance companies include premium and annuity income, investment income, and capital gains or losses, but exclude deposits. Revenue figures for all companies include consolidated subsidiaries and exclude excise taxes. Data shown are for the fiscal year ended on or before Jan. 31, 2024. Unless otherwise noted, all figures are for the year ended Dec. 31, 2023.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Profits","content":"\u003cp\u003eProfits are shown after taxes, extraordinary credits or charges, cumulative effects of accounting changes, and noncontrolling interests (including subsidiary preferred dividends), but before preferred dividends of the company. Figures in parentheses indicate a loss. Profit declines of more than 100% reflect swings from 2022 profits to 2023 losses. Profits for real estate investment trusts, partnerships, and cooperatives are reported but are not comparable with those of the other companies on the list because they are not taxed on a comparable basis. Profits for mutual insurance companies are based on statutory accounting.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Balance sheet","content":"\u003cp\u003eAssets are the company’s year-end total. Total stockholders’ equity is the sum of all capital stock, paid-in capital, and retained earnings at the company’s year-end. Excluded is equity attributable to noncontrolling interests. Also excluded is redeemable preferred stock whose redemption is either mandatory or outside the company’s control. Dividends paid on such stock have been subtracted from the profit figures used in calculating return on equity.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Employees","content":"\u003cp\u003eThe figure shown is a fiscal year-end number as published by the company in its annual report. Where the breakdown between full- and part-time employees is supplied, a part-time employee is counted as one-half of a full-time employee.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Earnings per share","content":"\u003cp\u003eThe figure shown for each company is the diluted earnings-per-share figure that appears on the income statement. Per-share earnings are adjusted for stock splits and stock dividends. Though earnings-per-share numbers are not marked by footnotes, if a company’s profits are footnoted it can be assumed that earnings per share is affected as well. The five-year and 10-year earnings-growth rates are the annual rates, compounded.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Total return to investors","content":"\u003cp\u003eTotal return to investors includes both price appreciation and dividend yield to an investor in the company’s stock. The figures shown assume sales at the end of 2023 of stock owned at the end of 2013, 2018, and 2022. It has been assumed that any proceeds from cash dividends and stock received in spin-offs were reinvested when they were paid. Returns are adjusted for stock splits, stock dividends, recapitalizations, and corporate reorganizations as they occurred; however, no effort has been made to reflect the cost of brokerage commissions or of taxes. Total-return percentages shown are the returns received by the hypothetical investor described above. The five-year and 10-year returns are the annual rates, compounded.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Medians","content":"\u003cp\u003eNo attempt has been made to calculate median figures in the tables for groups of fewer than four companies. The medians for profit changes from 2022 to 2023 do not include companies that lost money in 2022 or lost money in both 2022 and 2023, because no meaningful percentage changes can be calculated in such cases.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Credits","content":"\u003cp\u003eThis Fortune 500 Directory was prepared under the direction of list editor Scott DeCarlo. Income statement and balance sheet data provided by the companies were reviewed and verified against published earnings releases, 10-K filings, and annual reports by accounting specialist Rhona Altschuler. Markets editor Kathleen Smyth used those same sources to check the data for earnings per share. In addition, we used data provided by Refinitiv (an LSEG business) and S\u0026amp;P Global Market Intelligence to calculate total return and market capitalization. The data verification process was aided substantially by information provided by S\u0026amp;P Global Market Intelligence.\u003c/p\u003e","__typename":"RankingListMethodology"}],"modifiedGmt":"2024-07-10 15:58:05","pageType":"franchise-list","platformCD":"own","premiumCategory":{"name":"legacy","premiumCategoryId":0},"primarySection":{"link":"","name":"","primaryPostTagId":0,"uri":""},"sectionNames":[],"sections":[],"showOrder":true,"showTout":0,"slug":"fortune500","socialDescription":"The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.","socialTitle":"Fortune 500","stnVideoId":"","tagNames":[],"tags":[],"thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png","title":"Fortune 500","topicNames":["fortune500"],"topics":[],"toutImageAltDesktop":"","toutImageAltMobile":"","toutImageDesktop":"","toutImageMobile":"","toutLink":"","uri":"/ranking/fortune500/2024","url":"/ranking/fortune500/2024","vodVideoId":"f556aab2-1a53-45f1-b8e8-9be19d9f9afc","year":"2024","years":["2024","2023","2022","2021","2020","2019","2018","2017","2016","2015","2014","2013","2012","2011","2010","2009","2008","2007","2006","2005","2004","2003","2002","2001","2000","1999","1998","1997","1996"],"prefixedDatabaseId":"fl_356","rankingUri":"/ranking/fortune500/"},"franchiseSearch":{"adTags":[],"authorNames":[],"authors":[],"canonicalUrl":"https://fortune.com/ranking/fortune500/search/","channel":"fortune500","databaseId":356,"dateGmt":"1717472163","description":"\u003cp\u003eThe Fortune 500, in its 70th year, ranks the biggest U.S. companies by revenue. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $18.8 trillion in revenues, $1.7 trillion in profits, and $43 trillion in market value (as of March 28, 2024), and they employ 31 million people worldwide.\u003c/p\u003e","faq":[],"image":{"altText":"","caption":"","credit":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/06/Fortune50.png"},"items":[{"data":{"Revenue Percent Change":"6%","Profits Percent Change":"32.8%","Assets ($M)":"$252,399","Sector":"Retailing","Headquarters City":"Bentonville","State":"Arkansas","Newcomer to the Fortune 500":"no","Profitable":"yes","Founder is CEO":"no","Female CEO":"no","Growth in Jobs":"no","World's Most Admired Companies":"yes","Best Companies":"yes","Global 500":"yes","Change in Rank (500 only)":"","Dropped in Rank":"no","Gained in Rank":"no","Change in Rank (Full 1000)":"","Market Value ($M)":"$484,852.8","Employees":"2,100,000","Industry":"General Merchandisers","Revenues ($M)":"$648,125","Profits ($M)":"$15,511"},"name":"Walmart","order":1,"rank":1,"slug":"/company/walmart/"},{"data":{"Revenue Percent Change":"11.8%","Profits Percent Change":"","Assets ($M)":"$527,854","Sector":"Retailing","Headquarters City":"Seattle","State":"Washington","Newcomer to the Fortune 500":"no","Profitable":"yes","Founder is CEO":"no","Female CEO":"no","Growth in Jobs":"no","World's Most Admired Companies":"yes","Best Companies":"no","Global 500":"yes","Change in Rank (500 only)":"","Dropped in Rank":"no","Gained in Rank":"no","Change in Rank (Full 1000)":"","Market Value ($M)":"$1,873,675.8","Employees":"1,525,000","Industry":"Internet Services and Retailing","Revenues ($M)":"$574,785","Profits ($M)":"$30,425"},"name":"Amazon","order":2,"rank":2,"slug":"/company/amazon-com/"},{"data":{"Revenue Percent Change":"-2.8%","Profits Percent Change":"-2.8%","Assets ($M)":"$352,583","Sector":"Technology","Headquarters City":"Cupertino","State":"California","Newcomer to the Fortune 500":"no","Profitable":"yes","Founder is CEO":"no","Female CEO":"no","Growth in Jobs":"no","World's Most Admired Companies":"yes","Best Companies":"no","Global 500":"yes","Change in Rank (500 only)":"1","Dropped in Rank":"no","Gained in Rank":"yes","Change in Rank (Full 1000)":"1","Market Value ($M)":"$2,647,973.8","Employees":"161,000","Industry":"Computers, Office Equipment","Revenues ($M)":"$383,285","Profits ($M)":"$96,995"},"name":"Apple","order":3,"rank":3,"slug":"/company/apple/"},{"data":{"Revenue Percent Change":"14.6%","Profits Percent Change":"11.2%","Assets ($M)":"$273,720","Sector":"Health Care","Headquarters City":"Minnetonka","State":"Minnesota","Newcomer to the Fortune 500":"no","Profitable":"yes","Founder is CEO":"no","Female CEO":"no","Growth in Jobs":"yes","World's Most Admired Companies":"yes","Best Companies":"no","Global 500":"yes","Change in Rank (500 only)":"1","Dropped in Rank":"no","Gained in Rank":"yes","Change in Rank (Full 1000)":"1","Market Value ($M)":"$456,080.8","Employees":"440,000","Industry":"Health Care: Insurance and Managed Care","Revenues ($M)":"$371,622","Profits ($M)":"$22,381"},"name":"UnitedHealth Group","order":4,"rank":4,"slug":"/company/unitedhealth-group/"},{"data":{"Revenue Percent Change":"20.7%","Profits Percent Change":"","Assets ($M)":"$1,069,978","Sector":"Financials","Headquarters City":"Omaha","State":"Nebraska","Newcomer to the Fortune 500":"no","Profitable":"yes","Founder is CEO":"no","Female CEO":"no","Growth in Jobs":"yes","World's Most Admired Companies":"yes","Best Companies":"no","Global 500":"yes","Change in Rank (500 only)":"2","Dropped in Rank":"no","Gained in Rank":"yes","Change in Rank (Full 1000)":"2","Market Value ($M)":"$908,919.7","Employees":"396,500","Industry":"Insurance: Property and Casualty (Stock)","Revenues ($M)":"$364,482","Profits ($M)":"$96,223"},"name":"Berkshire Hathaway","order":5,"rank":5,"slug":"/company/berkshire-hathaway/"},{"data":{"Revenue Percent 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