Missouri Is Home to 10 Fortune 500 Businesses
Fortune Magazine recently released its 2015 Fortune 500 list. The top five U.S. companies, according to 2014 revenues, were Wal-Mart Stores ($476.2 billion), Exxon Mobil ($407.7 billion), Chevron ($220.4 billion), Berkshire Hathaway ($182.2 billion), and Apple ($170.9 billion). The top five companies remained unchanged from 2014.
Ten Missouri-based companies were included in this year’s Fortune 500 list. Express Scripts (ranked 22nd) was the state’s highest-ranking company for the 2015 list with revenues of over $100 billion. The company slipped two spots from last year’s ranking but increased its profits by nearly $2 billion. Other companies that had higher rankings from the previous year were Emerson Electric, Centene, Reinsurance Group of America, O’Reilly Automotive, Graybar, and Edward Jones. Centene ranking increased the most moving up 65 spots from 251 to 186. Most of the Missouri companies were headquartered in the St. Louis area, with the exception of O’Reilly Automotive, which is headquartered in Springfield.
Combined, the ten companies employ over 28,000 people in Missouri and pay wages totaling over $3.1 billion (Source: MERIC, QCEW Program).
|Missouri Fortune 500 Companies|
|Company||Rank||Previous Rank||Revenues ($mil)||Profits ($mil)||Headquarters||Primary Business|
|Express Scripts||22||20||$100,887||$2,008||St. Louis||Health Care - Pharmacy & Other Services|
|Emerson Electric||120||121||$24,537||$2,147||St. Louis||Electronics - Electrical Equipment|
|Centene||186||251||$16,588||$271||St. Louis||Insurance - Life, Health (stock)|
|Reinsurance Group of America||273||274||$10,904||$684||Chesterfield||Health Care - Insurance and Managed Care|
|O'Reilly Automotive||381||390||$7,216||$778||Springfield||Speciality Retaliers - Other|
|Peabody Energy||398||365||$6,792||($787)||St. Louis||Mining; Crude Oil Production|
|Edward Jones Financial||426||444||$6,333||$770||Des Peres||Securities|
|Ameren||438||379||$6,054||$586||St. Louis||Utilities - Gas and Electric|
|Graybar Electric||445||449||$5,679||$87||St. Louis||Wholesalers - Diversified|
|Source: Fortune Magazine, June 2015.|
Missouri ranked 17th in the United States with ten Fortune 500 company headquarters located in the state. Of the surrounding states, only Illinois had more Fortune 500 company headquarters with 32. New York had the most Fortune 500 company headquarters with 55 followed by Texas (54) and California (53). Twelve states did not have any Fortune 500 company headquarters. The map at the end of the brief illustrates the number of Fortune 500 companies located in each state.