Missouri Is Home to 10 Fortune 500 Businesses
Fortune Magazine recently released its 2017 Fortune 500 rankings. Ten Missouri-based companies were included in this year’s Fortune 500 list. Express Scripts, the highest ranked Missouri company, maintained the 22nd spot among Fortune 500 companies with revenues of $100.3 billion. Missouri companies that experienced rank increases from the previous year include: Centene, Reinsurance Group of America, O’Reilly Automotive, Graybar Electric, and Olin. Olin had the largest increase climbing 294 spots from 761 to 467 in the rankings.
| 2016 - Missouri Fortune 500 Companies | |||||||
| Company | Rank | Previous Rank | Revenue ($ MIL) | Revenue Change | Profits ($ MIL) | Headquarters | Primary Business |
| Express Scripts Holding | 22 | 22 | $100,288 | -1.4% | $3,404 | St. Louis | Health Care - Pharmacy |
| Centene | 66 | 124 | $40,721 | 78.6% | $562 | St. Louis | Insurance - Life, Health |
| Emerson Electric | 139 | 128 | $20,268 | -9.1% | $1,635 | St. Louis | Manufacturing - Eletrical |
| Monsanto | 204 | 189 | $13,502 | -10.0% | $1,336 | St. Louis | Agribusiness |
| Reinsurance Group of America | 246 | 271 | $11,522 | 10.6% | $701 | Chesterfield | Insurance - Health |
| O'Reilly Automotive | 323 | 342 | $8,593 | 7.9% | $1,038 | Springfield | Retail - Automotive |
| Jones Financial (Edward Jones) | 403 | 382 | $6,632 | -0.9% | $746 | St. Louis | Finance - Securities |
| Graybar Electric | 420 | 423 | $6,385 | 4.5% | $93 | St. Louis | Wholesale |
| Ameren | 431 | 425 | $6,076 | -0.4% | $653 | St. Louis | Utilities |
| Olin | 467 | 761 | $5,551 | 94.5% | ($4) | Clayton | Chemicals |
| Total | $219,538 | $10,165 | |||||
| Source: Fortune Magazine, Fortune 500 online, June 2017. http://fortune.com/fortune500/ | |||||||
Most of Missouri’s Fortune 500 companies are based in the St. Louis area. O’Reilly Automotive is headquartered in Springfield. Combined revenues for these ten companies are up by nearly $14.8 billion over last year. Profits for 2016 increased a little over $1.0 billion. Missouri’s ten Fortune 500 companies employed over 29,000 people in the state and paid roughly $2.7 billion in wages according to analysis of 2016 Quarterly Census of Employment and Wages program data.
The top five U.S. companies are Wal-Mart Stores ($485.9 billion), Berkshire Hathaway ($223.6 billion), Apple ($215.6 billion), Exxon Mobil ($205.0 billion), and McKesson ($192.5 billion). Berkshire and Exxon exchanged places in the rankings this year with Berkshire gaining $12.7 billion in revenue.
| 2016 - TOP 10 Fortune 500 Companies in the U.S. | |||||||
| Company | Rank | Previous Rank | Revenue ($MIL) | Revenue Change | Profits ($MIL) | Headquarters | Primary Business |
| Walmart | 1 | 1 | $485,873 | 0.8% | $12,643 | Bentonville, AK | General Merchandisers |
| Berkshire Hathaway | 2 | 4 | $223,604 | 6.1% | $24,074 | Omaha, NE | Insurance: Property and Casualty |
| Apple | 3 | 3 | $215,639 | -7.7% | $45,687 | Cupertino, CA | Computers, Office Equipment |
| Exxon Mobil | 4 | 2 | $205,004 | -16.7% | $7,840 | Irving, TX | Petroleum Refining |
| McKesson | 5 | 5 | $192,487 | 6.2% | $2,258 | San Francisco, CA | Wholesalers: Health Care |
| UnitedHealth Group | 6 | 6 | $184,840 | 17.7% | $7,017 | Minnetonka, MN | Health Care: Insurance and Managed Care |
| CVS Health | 7 | 7 | $177,526 | 15.8% | $5,317 | Woonsocket, RI | Health Care: Pharmacy and Other Services |
| General Motors | 8 | 8 | $166,380 | 9.2% | $9,427 | Detroit, MI | Motor Vehicles and Parts |
| AT&T | 9 | 10 | $163,786 | 11.6% | $12,976 | Dallas, TX | Telecommunications |
| Ford Motor | 10 | 9 | $151,800 | 1.5% | $4,596 | Dearborn, MI | Motor Vehicles and Parts |
| Total | $2,166,939 | $131,835 | |||||
| Source: Fortune Magazine, Fortune 500 online, June 2017. http://fortune.com/fortune500/ | |||||||
