Business Visualizations

The Biggest Fortune 500 Company in Every State

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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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biggest-fortune-500-company-state-chartistry-2

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:

Fortune 500

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Business Visualizations

The Biggest Employers by Industry

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There are more than 30 million businesses in the U.S. — but some of those companies employ far more workers than others. Giants like Walmart and Amazon have more than a million employees working on developing, marketing, transporting and selling their products everyday. Meanwhile, lesser-known companies in industries you may not be as familiar with also employ a significant amount of our workforce.

Using Fortune 500 data, our team at The Chartistry identified the largest employers in every industry, including retail, food, health care, real estate and many more (we included a whopping 75 industries total).

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The Biggest Employers by Industry

Who is the largest employer in America?

Technically, the largest employer in the U.S. is the federal government. But if we’re talking about the company that employs the most people, Walmart takes the cake.

Since Walmart’s first store opened in 1962, the company has grown to establish more than 11,500 stores globally to serve more than 260 million weekly shoppers in 28 countries, according to the company’s site. It’s no surprise that the retailer requires a lot of manpower. Walmart has 2,100,000 employees, and is the only one on our list that employs more than 2 million people.

Who else are America’s biggest employers?

Walmart may offer up the most jobs in the U.S.,but there are plenty of other companies with thousands of employees headed to work everyday. Some of the giants on the list of companies with the most employees in every industry are also among the largest U.S. employers in general.

Amazon, which started in Jeff Bezos’ garage in 1994 as an online bookseller, has grown up to make its mark around the world. There’s a good chance you’ve shopped online via the company, watched its streamer or walked past an Amazon retail store or fulfillment center. Amazon may have started with a solo founder, but it now employs 1,525,000 people.

Home Depot is another retail heavyweight. Founded in 1978 as a hardware store, the company now boasts more than 2,300 stores across North America. But offering up all that home improvement requires a lot of hands on deck: The company has 463,100 employees. That makes it the highest employer in one category of specialty retailers, but TJX, with 349,000 employees, is the largest employer in the apparel-specific specialty retailer category.

In the mail, package and freight delivery industry, you can probably guess who employs the most people. It’s FedEx, which was just an idea in 1965 when its eventual founder Frederick W. Smith wrote a paper at Yale University on the potential of a new way to get time-sensitive shipments to recipients (he received an average grade, according to the company’s website). Since then, the company makes around 14.5 million deliveries each day thanks to its 446,400 employees.

UnitedHealth Group also made our list, which makes sense, seeing as its the largest health insurance company in the U.S. Parent company of United Healthcare, the company was founded in 1977. Nowadays, it employs 440,000 people.

Curious which food and drug store is the largest employer? That would be Kroger, which had its start in 1883 when Barney Kroger invested his life savings of $372 to open a single grocery store. More than 140 years later, Kroger is the nation’s largest grocer with nearly 2,800 stores in 35 states and 414,000 employees. But if we’re talking specifically about food services, latte lovers’ favorite place, Starbucks, is the largest employer, with 381,000 employees. Looking specifically at the food consumer products industry, PepsiCo — which owns brands like Lay’s, Doritos, Gatorade, Quaker and, of course, Pepsi — is the largest employer with 318,000 employees.

The travel industry also requires tons of workers. American Airlines Group, which offers thousands of flights daily in more than 60 countries, is the largest employer in the airline industry with 132,100 people. Hilton Worldwide Holdings, meanwhile, has 178,000 employees to help run its hotels, casinos and resorts.

In the entertainment industry, a very familiar name earns the title for largest employer with its 199,125 workers: Walt Disney.

The largest U.S. employers in each industry

Here are the largest companies by employees in every industry — from hotels and airlines to pharmaceuticals and medical equipment.

Industry

Company

Number of Employees

General Merchandisers

Walmart

2,100,000

Internet Services and Retailing

Amazon

1,525,000

Specialty Retailers: Other

Home Depot

463,100

Mail, Package, and Freight Delivery

FedEx

446,400

Health Care: Insurance and Managed Care

UnitedHealth Group

440,000

Information Technology Services

Concentrix

440,000

Food and Drug Stores

Kroger

414,000

Insurance: Property and Casualty (Stock)

Berkshire Hathaway

396,500

Food Services

Starbucks

381,000

Specialty Retailers: Apparel

TJX

349,000

Food Consumer Products

PepsiCo

318,000

Commercial Banks

JPMorganChase

309,926

Health Care: Medical Facilities

HCA Healthcare

265,000

Diversified Outsourcing Services

Aramark

262,550

Health Care: Pharmacy and Other Services

CVS Health

259,500

Semiconductors and Other Electronic Components Equipment

Jabil

236,000

Computer Software

Microsoft

221,000

Entertainment

Walt Disney

199,125

Motor Vehicles & Parts

Lear

186,600

Telecommunications

Comcast

186,000

Aerospace & Defense

RTX

185,000

Hotels, Casinos, Resorts

Hilton Worldwide Holdings

178,000

Computers, Office Equipment

Apple

161,000

Food Production

Tyson Foods

139,000

Airlines

American Airlines Group

132,100

Pharmaceuticals

Johnson & Johnson

131,900

Real Estate

CBRE Group

130,000

Industrial Machinery

General Electric

125,000

Scientific, Photographic, and Control Equipment

Thermo Fisher Scientific

122,000

Medical Products and Equipment

Abbott Laboratories

114,000

Construction and Farm Machinery

Caterpillar

113,200

Transportation and Logistics

GXO Logistics

109,000

Household and Personal Products

Procter & Gamble

107,000

Network and Other Communications Equipment

Amphenol

95,000

Chemicals

3M

85,000

Diversified Financials

Marsh & McLennan

85,000

Apparel

Nike

83,700

Tobacco

Philip Morris International

82,700

Beverages

Coca-Cola

79,100

Advertising, Marketing

Omnicom Group

75,900

Wholesalers: Food and Grocery

Sysco

71,750

Insurance: Property and Casualty (Mutual)

State Farm Insurance

65,054

Petroleum Refining

Exxon Mobil

61,500

Financial Data Services

Fidelity National Information Services

60,000

Wholesalers: Diversified

Genuine Parts

60,000

Electronics, Electrical Equipment

Whirlpool

59,000

Oil And Gas Equipment, Services

Baker Hughes

58,000

Packaging And Containers

WestRock

56,100

Securities

Edward Jones

54,000

Engineering and Construction

Quanta Services

52,500

Home Equipment, Furnishings

Stanley Black & Decker

50,500

Waste Management

Waste Management

48,000

Wholesalers: Health Care

McKesson

48,000

Insurance: Life, Health (Stock)

MetLife

45,000

Trucking, Truck Leasing

J.B. Hunt Transport Services

34,718

Toys, Sporting Goods

Mattel

33,000

Railroads

Union Pacific

32,973

Metals

Nucor

32,000

Automotive Retailing, Services

CarMax

30,621

Building Materials, Glass

Builders FirstSource

29,000

Utilities: Gas and Electric

PG&E

28,010

Wholesalers: Electronics and Office Equipment

TD Synnex

28,000

Temporary Help

Manpower Group

27,900

Mining, Crude-Oil Production

Freeport-McMoRan

27,200

Equipment Leasing

United Rentals

26,300

Publishing, Printing

News Corp.

25,000

Miscellaneous

Service Corporation International

21,267

Transportation Equipment

Polaris

18,500

Energy

NRG Energy

18,131

Education

Graham Holdings

17,006

Insurance: Life, Health (Mutual)

TIAA

16,023

Pipelines

Energy Transfer

13,786

Homebuilders

D.R. Horton

13,450

Forest and Paper Products

Domtar

13,000

Shipping

Kirby Corporation

5,450

Don’t miss our other visuals (Chartistry Originals) that give insight into some of the biggest employers in the U.S, including our map of the biggest Fortune 500 companies in every state, breakdown of America’s most valuable companies ranked by profit per employee and original chart of everything owned by Apple.

Source:

Fortune 500

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Business Visualizations

Study Shows Us the Most Common Occupations by Age Group

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Studying jobs by age groups provides insight into worker priorities and the impact of factors such as education, experience, and physical strength. The team at Qualtrics gathered data to create a graphic of the most common jobs held in different age categories using data from the Bureau of Labor Statistics to form their visualizations.

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What Are the Most Common Occupations by Age Group?

Here are the most common jobs by age:

  • 16–24: cashier
  • 25–34: registered nurse
  • 35–54: elementary or middle school teacher
  • 55–64: sales worker or truck driver
  • Over 65: farmer, rancher, or agricultural manager
  • Any age group overall: customer service representative

The chart shows that the most common job is a customer service rep, which is understandable given the number of industries hiring for this position. It’s a job with diverse tasks encompassing customer experience and quality of interactions with the business. Customer service jobs typically don’t require more than a high school diploma, yet they pay an average annual salary of over $60,000.

We can see from the charts that cashier and server jobs are most common among the youngest demographics. This is likely due to the low pay and hours spent on your feet. It’s an entry job for many people who grow to move on to different positions or career paths as they age and change priorities. While that’s not always the case, many servers and cashiers move on from the role in search of higher pay and less physically demanding work.

These same individuals may go on to pursue careers as teachers and nurses, if our data is any indication. These jobs require specialized education but offer higher pay, and there is a demand for these positions. It’s no surprise that many people are building lifelong careers in nursing and teaching. As for people who keep working past retirement age, farmers and ranchers took the top spot. This work is often physically demanding, but the businesses are usually generational, meaning older people get help from their descendants and stay involved with a business close to their heart.

Employers can make use of data like this, as they generally want to avoid job-hopping employees. Looking at these statistics, we can infer many reasons why someone may leave a job. Employers can address this by offering higher wages, more flexible work styles and arrangements, and an improved employee experience. Most workers seek a stable job with fair compensation for the amount of work and education required. We also note that many blue-collar jobs are represented on this list, including construction workers, janitors, and truck drivers, with fewer white-collar jobs listed. Many people work essential jobs that help us stay healthy, fed, and stocked with goods.

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Business Visualizations

Chart Visualizes the Price of the Ford Mustang Every Year Since Debut

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The Ford Mustang is a legendary American muscle car that symbolizes the culture of open-road freedom. The Ford Motor Company designed the vehicle to embody the European sports car, but with a price point that’s more attainable for middle-class Americans. The idea was a massive success. The first Mustang debuted in 1964, and the Mustang enjoys a legacy and loyal fans to this day. The team at Speedway Motors celebrates the Mustang with an illustrated graphic depicting each Mustang iteration, along with the price at release and the price adjusted for inflation.

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The Price of a Mustang Every Year Since 1964, Adjusted for Inflation

Through this detailed and illustrated chart, we can see the evolution of this vehicle. The first Mustang Hardtop was priced at $2,368, which is $24,3444 in today’s market, emphasizing its affordability in the world of muscle cars. While the Mustang was a gamble, it proved to be a phenomenon and sold over 100,000 cars in its first four months. The Mustangs’ popularity persisted throughout the ‘60s, and Ford focused on improved performance and power, which meant prices rose. This trend continued until the early ‘70s gas crisis when Ford had to adjust to new consumer demands for better fuel mileage. They designed the Mustang II with a smaller chassis and less muscle to adjust to the changes in the economy.

The Mustang’s popularity hit a dip in the early ‘80s, and the Camaro almost outsold it. Ford innovated and adjusted again with the release of the Fox Mustang, designed to be versatile as a day-to-day muscle car. As technology advanced into the ‘90s, Ford introduced popular new features like a V8 engine and SN-95 chassis, which we can see featured in the Mustang GT.

Today’s Mustang is loaded with the most innovative features, designed for performance and comfort. The current model is the Dark Horse Premium, which sells for $69,375. While it’s a flashy and popular car, it lacks some of the performance boosts of past models, yet the price is high.

The Mustangs’ prices have risen a lot over the decades, for several key reasons besides inflation. First, safety standards have increased with innovative technology making drivers safer. Some safety features are required, while others are sought-after bonuses that drivers are looking for. A key aspect of a muscle car is the power and performance. Modern technology advances the performance of the vehicle, but that engineering comes at a higher price point. Material costs have advanced as well, from labor to raw materials. Cars, in general, are now more expensive to build.

The team’s chart is a true testament to the power of visual data. Through the images and price points, we can see changes in the Mustang reflecting cultural and economic shifts, creating a fascinating timeline of an icon among automobiles. Do you have a favorite Mustang model? What do you think about the price changes over time?

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