What criteria are used to determine which companies make the Fortune 1000 list?
Companies on the Fortune 1000 list are ranked by total revenue for their respective fiscal years. The list includes both public and private companies that are incorporated and operate in the U.S., file financial statements with a government agency, and have a market capitalization above a certain threshold.
Key Highlights
- Walmart is still the top company on the Fortune 1000 list for the eighth year in a row. It has more than $548 billion in revenue.
- Amazon sits in second place, making over $500 billion in revenue, showing how strong e-commerce is.
- The tech industry remains strong, with Apple, Alphabet (which is Google’s parent company), and Microsoft in top positions on the list.
- The healthcare industry is important too, with big names like UnitedHealth Group, CVS Health, and McKesson showing growth and strength.
- ExxonMobil is among the top three companies, showing that the energy sector still plays a big role in the U.S. economy, even with the push for clean energy options worldwide.
Introduction
Fortune Magazine has released its eagerly awaited Fortune 1000 list. This list ranks the biggest publicly traded companies in the United States. It gives a clear view of the financial world in the country. It highlights the firms, including those detailed in Excel spreadsheets, that boost the economy and influence different industries. Private companies don't make the list because their financial details are not public. Still, the Fortune 1000 is a great tool for investors, analysts, and anyone who wants to understand corporate America better.
Unveiling the 2024 Fortune 1000 List
The 2024 Fortune 1000 list shows the biggest companies in America. Well-known names like Walmart, Amazon, and ExxonMobil still hold the top spots. They show they are strong in the market and make a lot of money. The list also shows how tech companies are rising fast. Apple, Alphabet, and Microsoft are all high up in the rankings, showing their skills and worldwide impact.
This year's list highlights how important the healthcare industry has become. Companies like UnitedHealth Group, CVS Health, and McKesson are in the top ten. This shows that healthcare is growing and plays a key part in the economy. The Fortune 1000 list reminds us that businesses must change and innovate to succeed in a world that is always changing.
The Criteria for Ranking: How Companies Made the List
The process behind the Fortune 1000 is simple. Companies are ranked according to their total revenue for the last fiscal year. This includes money made from their main operations, any special operations, and combined subsidiaries. It's important to know that only public companies located in the United States that submit a 10-K or similar financial report to the government can be on the list.
Although the Fortune 500 gets more attention because it's a more selective Fortune ranking, the Fortune 1000 shows a wider view of how corporations in America are doing, especially in an active merger climate. Investors pay close attention to where a company stands on this list. A fall in rank or not being on the list is seen as a warning sign.
On the other hand, companies that move up in rank or keep their spots show they can handle market ups and downs and might provide good returns to investors. A common way to invest in these big companies is through index funds, like the S&P 500. This fund includes many of the top companies listed in the Fortune 1000.
Where can I download a copy of the Fortune 1000 list in an Excel spreadsheet?
The Databahn research team have compiled all of the Fortune 1000 list of companies into an Excel spreadsheet that can be downloaded immediately. Go here to download the most current 2024 Fortune 1000 list now.
Industry Titans: A Closer Look at the Top 10
The upper echelon of the Fortune 1000 list showcases the titans of various industries, each wielding substantial influence over the U.S. economy. Unsurprisingly, Walmart retains its crown as the number one company, further solidifying its dominance in retail. Amazon follows closely in the second position, reflecting the continued surge of e-commerce and its profound impact on the retail landscape.
ExxonMobil captures the third spot, indicating the enduring relevance of the energy sector despite global shifts towards sustainable alternatives. Apple, in the fourth position, highlights the technology sector's increasing prominence. The top ten rankings underscore the dynamic interplay of established industries like retail and energy with rapidly evolving sectors like technology and healthcare.
|
Rank |
Company Name |
|
1 |
Walmart |
|
2 |
Amazon |
|
3 |
Exxon Mobil |
|
4 |
Apple |
|
5 |
CVS Health |
|
6 |
Berkshire Hathaway |
|
7 |
UnitedHealth Group |
|
8 |
McKesson |
|
9 |
AT&T |
|
10 |
AmerisourceBergen |
Sector Spotlight: Winners in Healthcare, Technology, and Finance
The 2024 Fortune 1000 list shows more than just company rankings. It gives us a look into how different sectors are doing in the U.S. economy. Healthcare stands out as a big winner. Major companies like UnitedHealth Group and CVS Health have seen huge growth. This is likely due to the aging population and new medical technology.
At the same time, the technology sector keeps its strong position. Big names like Apple, Alphabet, and Microsoft stay at the top of the list. This shows how this sector keeps innovating and changing with what consumers want. The financial sector also has a strong place on the list, showing that this industry is tough and ongoing.
Healthcare Giants: Innovations Fueling Growth
The healthcare sector is doing very well in the 2024 Fortune 1000 list. This shows its strong growth and ability to stay strong during tough economic times. Companies like UnitedHealth Group, CVS Health, and McKesson are rising in the ranks. This shows how much the sector can adapt and change with the times.
Some reasons for this growth include the increasing need for healthcare services. This is mainly due to the aging baby boomer generation and more people facing chronic diseases. Additionally, technology in healthcare is improving all the time.
Also, the healthcare field is active in many mergers and acquisitions. This helps companies grow their services, work better, and become more competitive. Because the healthcare sector can stay steady even during economic struggles, it looks like a good place to invest.
In short, the healthcare sector's strong presence on the Fortune 1000 list shows how important it is to the U.S. economy. It also suggests there will be more growth in the future.
Tech Titans: Advancements and Dominance
Technology giants are still on top in the 2024 Fortune 1000 list. Companies like Apple, Alphabet, and Microsoft, based in California, hold leading spots. This shows how much technology is growing and how it affects our world.
Products and services from these companies play a big role in our daily lives. Things like smartphones, online shopping, cloud services, and artificial intelligence are important for both consumers and businesses. Their ongoing new ideas, smart buyouts, and skill to keep up with fast tech changes help them stay as top players in the market.
Also, we see how well the tech industry does in many indices, like the Russell 1000. This index tracks the biggest 1000 U.S. companies by market size, and many of them are in technology. As technology keeps changing quickly, we can expect these giants to keep influencing the business world and stay strong in future Fortune 1000 lists.
Strategic Visionaries: Key CEOs Shaping the Future
Behind every successful company is a smart team, led by CEOs who guide them to success. This year's Fortune 1000 list includes well-known leaders, like C. Douglas McMillon from Walmart and Andy Jassy from Amazon. They are admired for their planning skills and ability to manage the challenges of global business.
These CEOs have a tough job. They must keep their companies strong while also looking ahead to future trends. They need to adjust their plans based on what they see coming. Their choices affect not only their companies but also the whole economy, impacting many other industries too.
C. Douglas McMillon and Walmart's Retail Revolution
C. Douglas McMillon is the CEO of Walmart. He has been key in making Walmart a top retail company. Under his guidance, Walmart has kept its strong position even with growing competition. It has also improved in areas like online shopping. McMillon wants to combine Walmart's online and in-store experiences. He uses technology to make shopping easier and better.
He has led new projects like growing Walmart's online grocery delivery service and investing in the mobile app, and has also created a useful spreadsheet to track progress. He has also improved pickup options in the stores. By connecting physical stores with the online world, Walmart wants to give customers a smooth and easy shopping experience.
McMillon's focus on change and new ideas has been vital for Walmart's ongoing success. The retail industry is changing fast, and McMillon’s leadership is important for Walmart's future.
Andrew R. Jassy: Amazon's Diverse Expansion
Andy Jassy became the leader of Amazon in 2021. He took over from the founder, Jeff Bezos. Jassy has worked to make Amazon a more diverse company. He has pushed Amazon beyond just selling products online. Now, the company is involved in cloud computing, entertainment, and grocery delivery. Under his leadership, Amazon Web Services (AWS) grew well and showed that Amazon is strong in technology.
Jassy's plan focuses on using Amazon's large resources and tech skills to enter new markets. He wants to offer more products and services. One example is when Amazon bought Whole Foods Market in 2017. This move aimed to change the grocery industry. Jassy's ability to guide Amazon during this time of growth and change will likely influence the company in the future. He wants to establish Amazon's reputation as a leader in many areas.
Conclusion
In conclusion, the 2024 Fortune 1000 List shows how strong and creative the top U.S. companies are in different fields. Healthcare companies are pushing growth through new ideas, while tech leaders are guiding progress with their advancements. These businesses show smart planning and strong leadership. The list helps us understand industry trends, important companies, and how they are ranked. It gives us a look at what the future of the corporate world might look like. As these leaders keep shaping their sectors and the economy, their choices and clear-thinking CEOs will affect markets around the world. Be sure to stay updated on these influential companies and how they impact the business scene.
