Fortune's 500 Companies

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/        

The map below illustrates the number of Fortune 500 companies located in each state. At the national level, New York and California are both home to 54 Fortune 500 company headquarters. Texas was close behind with 49. Taking a closer look at Missouri’s neighboring states, Illinois tops out at 35 Fortune 500 headquarters, followed by Tennessee with 11.

Fortune 500 map


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