Business Visualizations
The Biggest Fortune 500 Company in Every State
Every year, Fortune magazine publishes its much-anticipated Fortune 500 list. This list is meticulously analyzed by company owners, investors, and influential figures in the business world. So, what makes the Fortune 500 so significant? In this article, our team at The Chartistry provides an in-depth examination of the list, exploring why it attracts so much attention and what it takes for a company to be included.
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What is the Fortune 500?
The Fortune 500 is the finance magazine’s list of the 500 most profitable companies in the United States. The company ranked at the top of the list brings in the most revenue based on its financial documents from the most recent fiscal year. The Fortune 500 list for 2024 has Walmart ranked in the top spot with revenue of $648.125B. In fact, this giant retail store has been ranked number one for the last eleven years.
What Does It Take to Make It Onto the Fortune 500?
To become a Fortune 500 company, a business must be incorporated and conduct operations in the U.S. In addition, the company’s financial documents must be public for it to be considered by Fortune.
Why Do Companies Want to Be on This List?
Fortune magazine published its first list of the top 500 U.S. companies in 1955. Since then, the presence of reputable companies such as Exxon Mobil, Goldman Sachs Group, and General Mills has given the list an air of prestige. Plus, these 500 businesses bring in incredible amounts of revenue and contribute to the strength of our economy. Wouldn’t you want your company to appear on a list alongside Walmart, Amazon, and Berkshire Hathaway?
Have Any Companies Appeared on the Fortune 500 for Decades?
Yes, some companies have made repeated appearances. Some famous names have been on the list every year since 1955, including Kellogg, Chevron, and Exxon Mobil, to name a few.
Fortune 500 Companies by State
Walmart, the number one ranked company on the Fortune 500, is located in Arkansas, with its headquarters in Bentonville. Fortune’s number two company, Amazon, is the biggest in Washington, with its headquarters in Seattle. Exxon Mobil is the biggest Fortune 500 company in Texas, and it does business out of Houston.
An interesting thing to note about this list is that not all 50 states are home to a Fortune 500 company. The states without one include:
- Alaska
- Hawaii
- Maine
- Mississippi
- Montana
- New Hampshire
- New Mexico
- North Dakota
- South Dakota
- Utah
- Vermont
- West Virginia
- Wyoming
The Largest Fortune 500 Company Headquartered in Each State
| State | Biggest Fortune 500 Company |
Location of Headquarters |
Fortune 500 Rank (2023) |
2023 Revenue (in millions) |
Percent Change in Revenue From 2022 |
| Alabama | Regions Financial | Birmingham, AL |
483 |
$7,531 |
14% |
| Alaska | N/A | N/A | N/A | N/A | N/A |
| Arizona | Avnet | Phoenix, AZ |
163 |
$24,311 |
24.4% |
| Arkansas | Walmart | Bentonville, AR |
1 |
$611,289 |
6.7% |
| California | Apple | Cupertino, CA |
4 |
$394,328 |
7.8% |
| Colorado | Arrow Electronics | Centennial, CO |
109 |
$37,124 |
7.7% |
| Connecticut | Cigna Group | Bloomfield, CT |
15 |
$180,516 |
3.7% |
| Delaware | DuPont | Wilmington, DE |
250 |
$16,549 |
-3.6% |
| District of Columbia | Fannie Mae | Washington, D.C. |
28 |
$121,596 |
19.7% |
| Florida | World Kinect | Miami, FL |
70 |
$59,043 |
88.4% |
| Georgia | Home Depot | Atlanta, GA |
20 |
$157,403 |
4.1% |
| Hawaii | N/A | N/A | N/A | N/A | N/A |
| Idaho | Albertsons | Boise, ID |
53 |
$71,887 |
3.2% |
| Illinois | Walgreens Boots Alliance | Deerfield, IL |
27 |
$132,703 |
-10.7% |
| Indiana | Elevance Health | Indianapolis, IN |
22 |
$156,595 |
13% |
| Iowa | Principal Financial | Des Moines, IA |
236 |
$17,492 |
22.6% |
| Kansas | Seaboard | Merriam, KS |
364 |
$11,243 |
21.8% |
| Kentucky | Humana | Louisville, KY |
42 |
$92,870 |
11.8% |
| Louisiana | Lumen Technologies | Monroe, LA |
237 |
$17,478 |
-11.2% |
| Maine | N/A | N/A | N/A | N/A | N/A |
| Maryland | Lockheed Martin | Bethesda, MD |
60 |
$65,984 |
-1.6% |
| Massachusetts | General Electric | Boston, MA |
52 |
$76,555 |
3.2% |
| Michigan | Ford Motor | Dearborn, MI |
19 |
$158,057 |
15.9% |
| Minnesota | UnitedHealth Group | Minnetonka, MN |
5 |
$324,162 |
12.7% |
| Mississippi | N/A | N/A | N/A | N/A | N/A |
| Missouri | Centene | St. Louis, MO |
25 |
$144,547 |
14.7% |
| Montana | N/A | N/A | N/A | N/A | N/A |
| Nebraska | Berkshire Hathaway | Omaha, NE |
7 |
$302,089 |
9.4% |
| Nevada | MGM Resorts International | Las Vegas, NV |
315 |
$13,128 |
35.6% |
| New Hampshire | N/A | N/A | N/A | N/A | N/A |
| New Jersey | Johnson & Johnson | New Brunswick, NJ |
40 |
$94,943 |
1.2% |
| New Mexico | N/A | N/A | N/A | N/A | N/A |
| New York | JPMorgan Chase | New York, NY |
23 |
$154,792 |
21.7% |
| North Carolina | Bank of America | Charlotte, NC |
32 |
$115,053 |
22.6% |
| North Dakota | N/A | N/A | N/A | N/A | N/A |
| Ohio | Cardinal Health | Dublin, OH |
14 |
$181,364 |
11.6% |
| Oklahoma | Oneok | Tulsa, OK |
173 |
$22,387 |
35.3% |
| Oregon | Nike | Beaverton, OR |
93 |
$46,710 |
4.9% |
| Pennsylvania | Cencora | Conshohocken, PA |
11 |
$238,587 |
11.5% |
| Rhode Island | CVS Health | Woonsocket, RI |
6 |
$322,467 |
10.4% |
| South Carolina | Sonoco Products | Hartsville, SC |
498 |
$7,251 |
29.7% |
| South Dakota | N/A | N/A | N/A | N/A | N/A |
| Tennessee | FedEx | Memphis, TN |
41 |
$93,512 |
11.4% |
| Texas | Exxon Mobil | Houston, TX |
3 |
$413,680 |
44.8% |
| Utah | N/A | N/A | N/A | N/A | N/A |
| Vermont | N/A | N/A | N/A | N/A | N/A |
| Virginia | Freddie Mac | McLean, VA |
45 |
$86,717 |
31.6% |
| Washington | Amazon | Seattle, WA |
2 |
$513,983 |
9.4% |
| West Virginia | N/A | N/A | N/A | N/A | N/A |
| Wisconsin | Northwestern Mutual | Milwaukee, WI |
111 |
$36,921 |
0.5% |
| Wyoming | N/A | N/A | N/A | N/A | N/A |
Do Some States Have More Than One Fortune 500 Company?
Yes, several states have multiple companies on the list. Texas leads with 55 companies on the Fortune 500, followed by California with 52 and New York with 50. These states all boast a large population and bustling metropolitan areas.
Do Some States Have Just One Fortune 500 Company?
Yes, some states on the list are home to just one. These states include Delaware, Kansas, Kentucky, and South Carolina. In terms of total population, each of these states ranks in the lower half on the list of 50. Delaware has the lowest population, with 1,044,320 people in 2024.
Are Some Cities Home to More Than One Fortune 500 Company?
Absolutely! In fact, some cities serve as the home base for multiple Fortune 500 companies. Some notable examples include:
Chicago
Illinois has 33 Fortune 500 companies, including Walgreens, McDonald’s, and United Airlines, among others. Dozens of these companies are headquartered in the Chicago area.
Houston
Of the 55 Fortune 500 companies in Texas, Houston is home to 21. Exxon Mobil, Sysco, and Hewlett Packard Enterprise (HPE) are just a few of the impressive companies in the collection.
Atlanta
According to our chart, the biggest Fortune 500 company in Georgia is Home Depot, ranked at number 20. But Home Depot is not alone. There are 18 Fortune 500 companies in Atlanta, including Aflac, Delta Air Lines Inc., The Coca-Cola Company, UPS, and others.
Make sure to explore our other lists and visuals, which provide insight into the world of big business. One list ranks companies by employee profits (which happens to be one of our original visualizations), while another categorizes the most profitable companies by industry. It’s no surprise that many Fortune 500 companies frequently appear on various lists throughout the year, highlighting their achievements.
The Number of Fortune 500 Companies in Each State
| State | State Abbreviation | Number of Fortune 500 Companies in Each State |
| Texas | TX |
55 |
| California | CA |
52 |
| New York | NY |
50 |
| Illinois | IL |
33 |
| Ohio | OH |
24 |
| Virginia | VA |
24 |
| Florida | FL |
23 |
| Pennsylvania | PA |
23 |
| Georgia | GA |
19 |
| Michigan | MI |
18 |
| Massachusetts | MA |
17 |
| Minnesota | MN |
15 |
| Connecticut | CT |
14 |
| New Jersey | NJ |
14 |
| North Carolina | NC |
13 |
| Washington | WA |
12 |
| Arizona | AZ |
10 |
| Colorado | CO |
10 |
| Tennessee | TN |
10 |
| Missouri | MO |
8 |
| Wisconsin | WI |
8 |
| Indiana | IN |
7 |
| Oklahoma | OK |
6 |
| Arkansas | AR |
4 |
| Nebraska | NE |
4 |
| Rhode Island | RI |
4 |
| Idaho | ID |
3 |
| Maryland | MD |
3 |
| Alabama | AL |
2 |
| District of Columbia | DC |
2 |
| Iowa | IA |
2 |
| Louisiana | LA |
2 |
| Nevada | NV |
2 |
| Oregon | OR |
2 |
| Delaware | DE |
1 |
| Kansas | KS |
1 |
| Kentucky | KY |
1 |
| South Carolina | SC |
1 |
| Alaska | AK |
0 |
| Hawaii | HI |
0 |
| Maine | ME |
0 |
| Mississippi | MS |
0 |
| Montana | MT |
0 |
| New Hampshire | NH |
0 |
| New Mexico | NM |
0 |
| North Dakota | ND |
0 |
| South Dakota | SD |
0 |
| Utah | UT |
0 |
| Vermont | VT |
0 |
| West Virginia | WV |
0 |
| Wyoming | WY |
0 |
Source:
Business Visualizations
Chart Tracks E-Commerce Brands with the Biggest Gains and Losses
Online shopping, known as e-commerce, took the shopping world by storm. Today, one-fifth of all retail sales come from e-commerce. Economists predict e-commerce will only continue to grow in the coming years. This industry can be lucrative but not without risks. The competition is tight as the team at LLCAttorney proves with this chart tracking the e-commerce brands with the biggest gains and losses. The results show the shifting e-commerce landscape and just how much of a difference there is between leading retailers and struggling brands.
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As we would expect from this global-dominant brand, Amazon leads the e-commerce industry with the biggest gains. In 2025, Amazon’s revenue amounted to a whopping $95.22 billion. Ever since Amazon debuted as a bookseller in 1994, it has had a meteoric rise, earning more each year. The biggest leap in the company’s earnings occurred between 2017 and 2018, with a 172.8% increase. Amazon only suffered one year in the red after it invested heavily in Rivian, a failed electric vehicle venture. Amazon’s massive catalog of over 12 million products, its entertainment subscription services, digital books, and convenient, fast delivery service make Amazon the powerhouse it is today.
Right behind Amazon, we find the Chinese brand, Alibaba, which earned $21.76 billion in 2025. Alibaba sells a wide range of products at wholesale prices. You’ll find electronics, home goods, beauty products, and even industrial supplies in their offerings. Alibaba’s business-to-business marketplace, which connects small and mid-size businesses directly to manufacturers, allows them to source bulk goods and makes this brand a popular choice. Other Chinese brands top the e-commerce earnings list too, like PDD Holdings (Pinduoduo) and Jingdong Mall (JD.com). Each of the top four e-commerce companies earned over 5 billion in revenue.
Turning to the other end of the chart, we find the brand with the most losses in 2025: Lightspeed POS. They reported a devastating $670 million loss. They earned $1.15 billion, but it wasn’t enough to cover their expenses. This Canadian e-commerce brand is a point-of-sale system for retailers and restaurants. It was once considered a promising company with rapid growth, but its revenue has shrunk significantly in the past few years as competitors have taken bites out of Lightspeed POS’s market. The British brand, ASOS, a clothing retailer, also suffered a massive $500 billlion loss in 2025. American brand Wayfair suffered losses, too, which is surprising considering its past popularity as an affordable home goods retailer with a big selection.
The figures we see here demonstrate that e-commerce is an industry with diverse companies and varying success rates. With tremendous gains and equally earth-shattering losses, we can see e-commerce is volatile, competitive, full of opportunities and challenges alike. The team’s data show that the industry’s biggest giants will be difficult to surpass. Companies like Amazon have set an astronomically high bar for success.
Business Visualizations
Map Displays Unemployment Rates Around the World
The unemployment rate is a percentage that reflects the number of people in the labor force who are without a job. This is calculated by dividing the number of unemployed people by the labor force and multiplying by 100. Because unemployment can have a drastic impact on a nation’s economy, the team at Qualtrics examined global patterns and mapped unemployment rates. To be considered unemployed for this study means a person doesn’t have a job but is available for work. That means people who are retired, disabled, or laid off don’t count in the figures.
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According to the team’s data, the country with the highest employment rate is Eswatini at 37.64%. This is a landlocked nation in Southern Africa, formerly known as Swaziland. This is one of the world’s last absolute monarchies, and it suffers economically like many of its neighbors, including South Africa, Botswana, and the Republic of the Congo. In particular, the youth of Eswatini are unemployed. The unemployment crisis is attributed to skill gaps in eligible workers.
It’s good to be at the low end of the unemployment spectrum. The nation Qatar has the lowest unemployment rate in the world at .13%. This comes as no surprise from a nation rich in petroleum and natural gas. Qatar has valuable real estate and has long been a haven for the wealthy, which lends itself to a booming economy with plenty of employment opportunities. Other nations that aren’t struggling with unemployment are Cambodia, Niger, and Thailand, due to high manufacturing production and/or a bustling tourism industry.
These countries have the lowest unemployment rates:
- Qatar
- Cambodia
- Niger
- Thailand
- Burundi
- Chad
- Bahrain
- Cuba
- Laos
- Benin
We see a very wide gap between the countries with the highest and lowest unemployment rates. Many factors can affect unemployment, but one of the biggest is changes in the size of the labor force. A struggling economy doesn’t necessarily indicate a high unemployment rate. If it’s difficult enough to find a job, people will give up, and they’ll no longer be counted in the unemployment numbers. That said, the unemployment rate does tend to increase in hard times. Global unemployment peaked in 2009 during the financial crisis.
In summary, unemployment rates reveal much about the economic health and social dynamics of countries worldwide. While nations like Eswatini face challenges due to skill gaps and limited job opportunities, others, such as Qatar, benefit from abundant resources and thriving industries. The disparity highlights how factors such as labor force size, economic stability, and industry growth affect employment levels. Understanding these global patterns is essential for policymakers and organizations aiming to address unemployment and foster sustainable growth. By analyzing the causes and consequences, we can better support individuals and communities striving for economic security and opportunity.
Business Visualizations
Key Statistics Help Us Understand Customer Churn
Customers have an abundance of choice in all industries these days. When customers switch to a new option, companies call this “customer churn.” Customer churn can be a major detriment to business. In nearly every industry, loyal repeat customers can make or break a business. The team at Qualtrics helps us understand the state of customer churn in the past year with 30 key statistics illustrating the landscape. They took a well-rounded approach to their research, using facts that reveal how many customers are leaving, which industries have high churn, and other factors that help us understand why customer churn happens and how to prevent it.
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Customer churn gives businesses a way to quantify how well they’re retaining customers. Churn rate is calculated by dividing the number of customers lost over a set period of time by the total number of customers at the start of that period. This calculation yields the number of customers who didn’t return to do business. High churn rates often signal poor retention strategies or a mismatch between what customers expected and received. We can’t underestimate competitor appeal, though. The team’s data shows that 71% of businesses list price increases as their number one reason for losing customers.
The data make it clear that churn rates vary widely across industries. 61% of retail companies say churn rates are one of the biggest challenges in their quest for success. This could be due to the high level of competition and vastly different prices found in the retail sector. Financial, cable, and credit companies experience high churn rates too, around 25%. We can conclude that spending and saving may have the greatest impact on churn, based on industry rates. The big-box electronics industry only has an 11% churn rate, possibly due to fewer choices, but it may have stronger brand loyalty. For example, you’ll rarely see an X-Box fan make the switch to PlayStation. Speaking of the gaming space, apps don’t enjoy the same low churn rate as consoles might. With a 27.7% churn rate, many people give up on gaming apps and try something new after 30 days.
Data might point the way to solutions to reduce customer churn. We can see subscription-based companies with an exceptionally low churn rate of 3.27%. Software and business subscriptions have lower churn rates than digital media and entertainment subscriptions, but they are still among the lowest we’re seeing. A subscription-based service works hard to keep its subscribers, so maybe other types of businesses could learn something from its strategies. For example, social media apps have an enormous churn rate of 93.3% over 24 months. It’s clear that whatever value customers hoped to get from the platform didn’t materialize.
This information-rich graphic leaves us with a lot to think about. By comparing churn rates across industries, we can reflect on key differences that affect these numbers. Perhaps the most important statistic to hold on to is that U.S. companies could save over $35 billion per year by reducing their churn rates.
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