Fortune's 500 Companies

Missouri Is Home to 10 Fortune 500 Businesses

Fortune Magazine recently released its 2016 Fortune 500 rankings. The top five U.S. companies, according to 2015 revenues, were Wal-Mart Stores ($482.1 billion), Exxon Mobil ($246.2 billion), Apple ($233.7 billion), Berkshire Hathaway ($210.8 billion), and McKesson ($181.2 billion). Apple replaced petroleum giant Chevron which dropped to 14th place. These five reported over $2.1 trillion in revenue for 2015 and $151.3 billion in profits.

Ten Missouri-based companies were included in this year’s Fortune 500 list. Express Scripts (ranked 22nd) was unchanged from last year with revenues of $101.7 billion. Company revenues increased nearly $2.0 billion over last year. Other companies that had higher rankings from the previous year were Centene, Monsanto, Reinsurance Group of America, O’Reilly Automotive, Graybar Electric, and Edward Jones Financial. Centene’s ranking increased the most moving up 62 spots from 186 to 124. Nearly all of the state’s top 10 Fortune 500 companies were based in St. Louis; O’Reilly Automotive is headquartered in Springfield, Reinsurance Group of America (RGA) is based in Chesterfield, and Graybar Electric in Clayton.

Combined, revenues for these ten companies are up by nearly $ 50.0 billion over last year; 2015 profits, however, have declined by $163.0 million. An analysis of the Quarterly Census of Employment and Wages micro-data shows that these ten companies employed roughly 29,100 people in Missouri and paid wages totaling $2.4 billion.


Missouri Fortune 500 Companies
Company Rank Previous Rank Revenues ($ Mil) Profits     ($ Mil) Headquarters Primary Business
Express Scripts Holding 22 22  $     101,752  $     2,746 St. Louis Health Care -- Pharmacy
Centene 124 186            22,795             355 St. Louis Insurance -- Life, Health
Emerson Electric 128 120            22,304         2,710 St. Louis Manufacturing -- Electrical
Monsanto 189 197            15,001         2,314 St. Louis Agribusiness
Reinsurance Group of America 271 273            10,418             502 Chesterfield Insurance -- Health
O’Reilly Automotive 342 381              7,967             931 Springfield Retail -- Automotive
Edward Jones Financial 382 426              6,694             838 St. Louis Finance -- Securities
Graybar Electric 423 445              6,110               91 Clayton Wholesale
Ameren 425 438              6,098             630 St. Louis Utilities
Peabody Energy 458 398              5,609        (1,996) St. Louis Mining -- Crude Oil Production
Total      $  204,748.0  $  9,121.0    
Source: Fortune Magazine, Fortune 500 online, June 2016. http://beta.fortune.com/fortune500
Note:  2015 revenues and profits are reported.


Missouri ranked 18th in the United States with ten Fortune 500 company headquarters located in the state. Of the surrounding states, only Illinois—which ranked 4th-- had more Fortune 500 company headquarters with 36. New York had the most Fortune 500 company headquarters with 55—unchanged from last year; California and Texas each have 51 Fortune 500 headquarter companies—fewer than last year when Texas had 54 and California 53. Twelve states did not have any Fortune 500 companies. The map at the end of the brief illustrates the number of Fortune 500 companies located in each state.

Fortune 500 map

TOP 10 FORTUNE 500 COMPANIES IN THE U.S., 2016
Company Rank Previous Rank Revenues ($mil) Profits ($mil) Headquarters Primary Business
Walmart 1 1  $       482,130  $      14,694 Benton, AR Retail
Exxon Mobil 2 2           246,204          16,150 Irving, TX Oil & Gas
Apple 3 5           233,715          53,394 Cupertino, CA Technology
Berkshire Hathaway 4 4           210,821          24,083 Omaha, NE Finance
McKesson 5 11           181,241            1,476 San Francisco, CA Medical Services
United Health Group 6 14           157,107            5,813 Minnetonka, MN Insurance - Healthcare
CVS Health 7 10           153,290            5,237 Woonsocket, RI Retail - Pharmacy
General Motors 8 6           152,356            9,687 Detroit, MI Transportation - Auto design and manufacturing
Ford Motor 9 9           149,558            7,373 Dearborn, MI Transportation - Auto design and manufacturing
AT&T 10 12           146,801          13,345 Dallas, TX Communications
TOTAL      $    2,113,223  $   151,252    
Source: Fortune Magazine, Fortune 500 online, June 2016. http://beta.fortune.com/fortune500
Note: 2015 revenues and profits are reported.


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