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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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 Legal Perils of Influencer Fame: Major Lawsuits Uncovered

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Influencers may thrive on social media, but their online power often leads to legal battles. A study by LLC Attorney reveals some of the biggest lawsuits influencers have faced, highlighting the risks that come with digital fame.

Top Lawsuits Against Influencers:

  • MrBeast vs. Virtual Dining Concepts
    Claim: $100 million
    Details: VDC sued MrBeast (Jimmy Donaldson) for breach of contract and defamation over their MrBeast Burger partnership. MrBeast countersued, calling their food “inedible.”
  • Eddie Hearn vs. Jake Paul
    Claim: $100 million
    Details: Hearn sued Jake Paul for defamation after Paul accused him of fixing boxing matches.
  • Cardi B vs. Tasha K
    Claim: $4 million
    Details: Cardi B won a defamation lawsuit against YouTuber Tasha K, who spread false claims about the rapper’s personal life.
  • Nebraska Attorney General vs. Liz Friesen
    Claim: $3 million+
    Details: Legal action over fraudulent business practices.
  • Texas Attorney General vs. Brittany Dawn Davis
    Claim: $400,000
    Details: Davis was sued for misleading fitness programs.

From defamation to breach of contract, these cases reveal the serious legal consequences influencers face. As their platforms grow, so does their accountability, proving that online influence doesn’t come without risks.

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The Biggest Lawsuits Against Influencers

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Business Visualizations

A Map Shows Where Remote Workers Choose to Live (and Avoid)

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There are more remote workers in the U.S. than ever before. Ever since the coronavirus pandemic, a new way of work has swept the nation with workers and businesses opting to work remotely. While shared work and office spaces are popular, many people choose to work from the comfort of their homes. A new map created by Qualtrics shows us the most popular American cities for remote work and the least popular.

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Which U.S. Cities Have the Largest (and Smallest) Remote Workforce?

 

These cities had the highest percentage of remote workforces:

  1. Cary, NC remote workforce – 41.4%
  2. Frisco, TX remote workforce – 39.7%
  3. Bellevue, WA remote workforce – 38.6%
  4. Berkeley, CA remote workforce – 36.4%
  5. Seattle, WA remote workforce – 36%
  6. Arlington, VA remote workforce – 35.8%
  7. Fremont, CA remote workforce – 35.2%
  8. Scottsdale, AZ remote workforce – 34%
  9. Carlsbad, CA remote workforce – 33.8%
  10. Washington, DC remote workforce – 33.8%

At the other end of the spectrum, these cities had the fewest remote workers:

  1. Beaumont, Texas 3.7% remote workforce
  2. Odessa, Texas 3.8%
  3. El Monte, California 4.0%
  4. Tuscaloosa, Alabama 4.1%
  5. Paterson, New Jersey 4.6%
  6. Corpus Christi, Texas 4.7%
  7. Salinas, California 5.0%
  8. Midland, Texas 5.5%
  9. San Bernardino, California 5.5%
  10. Visalia, California 5.5%

Many people say they prefer remote work because of the money and time working from home saves. It makes sense that cities with a good cost of living and other attractive aspects would be home to more remote workers than expensive or unpleasant cities. Looking at this map gives us a good look at which cities people would choose to live in when they could truly choose to live anywhere!

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Business Visualizations

America’s Most Valuable Companies Ranked by Profit per Employee

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Ever wonder how much money major corporations make per employee? Profit Per Employee (PPE) is determined by dividing the company’s profit by the company’s quantity of full-time employees. The most profitable companies may not necessarily be the most profitable by number of employees—and vice versa. Whenever the economy is uncertain, this formula is usually one of the metrics companies will monitor to determine the efficiency and productivity of their staff. Using data over profit and company size from 2023, our team at The Chartistry has ranked the top 50 companies with the highest profit per worker.

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companies-ranked-by-profit-per-employee-5

With a profit of nearly $2 million for each of their 9,500 employees, ConocoPhillips ranks first for highest profit per employee by quite the large margin. ConocoPhillips, an American oil and gas producer, saw a total profit almost $18.7 billion in 2023. Since oil and gas are two of the most valuable energy commodities in the world, it is not uncommon for an energy company to rank high in terms of PPE since their net profit is typically quite expansive. Of the top 50 companies with the highest profit for every employee, six of them can be categorized under the energy sector.

Coming in second place, Prologis is an investment trust company that saw a total profit of $3.4 billion in 2023. This profit was divided by their 2,466 employees to end with a profit of $1.36 million per employee.

In third, there is the tobacco company Altria Group. Altria Group’s 2023 profit of $5.8 billion was divided by 6,300 employees to result in a profit per employee of $915 thousand. Tobacco is yet another commodity product, with only one other tobacco company making the top 50 ranking.

Exxon Mobil is another oil and gas company with high profit per employee, coming in fourth place. Out of their profit of $55.7 million in 2023, their 62,000 employees averaged a profit of $899 thousand each.

Rounding out the top 5 companies is Chevron, the third oil and gas energy company in the top companies by profit per employee. With a total profit of $35.3 million, their PPE comes out to $809 thousand for each of their 43,846 employees.

Some companies land rank in both the most profitable in the world overall as well as in profit per worker. Apple, for example, brought in a 2023 profit of nearly a $100 billion. The company itself is valued at a total of $2.1 trillion. They managed a PPE of $609 thousand for their 164,000 employees, making them seventh among all companies.

Why is Profit per Employee Important?

For every company with an impressive profit per employee, there are tens, hundreds, even thousands of people working at the front line and behind the scenes to keep operations running as smoothly and efficiently as possible. PPE, not to be confused with Revenue per Employee, is a way for the company to measure the performance and productivity of the average employee in any given workforce to judge their added value. In other words, a way to know if their investment in hiring, retaining, and training their employees returned desirable results. Of course, it isn’t and shouldn’t be the only method to judge the value of an employee. When used in combination with other metrics, however, it can be a helpful tool to see the what employees have brought to the company.

For the majority of situations, a healthy profit per employee will be a good indicator of the health of the company at large. It shows that the business is properly maximizing the streamlining of their operations and utilizing the talent of each employee. This performance can mean that an underwhelming PPE may lead to cost-cutting measures for the company. Oftentimes, this is in the form of employee layoffs in areas that may not be contributing to the overall profit.

Did You Enjoy this Original Visualization by The Chartistry?

If you enjoyed this visualization and analysis by The Chartistry, check out the other original visualizations we’ve created. For even more great content, check out our collection of curated business and finance visualizations. If you love this visual content so much that you want your own, let us know; We design custom visual content for customers too!

The Profit per Employee of the Largest Companies in the U.S. By Market Cap (The Full List)

Which corporations have the highest revenue per employee? Companies that are able to do more with less:

Rank  Name  Type of Company  2023 Profits (in Millions)  Number of Employees in 2023  Profit per Employee in 2023 
ConocoPhillips  Energy  $18,680  9,500  $1,966,316 
Prologis  Real Estate Investment Trust  $3,364.9  2,466  $1,364,517 
Altria Group  Tobacco  $5,764  6,300  $914,921 
Exxon Mobil  Energy  $55,740  62,000  $899,032 
Chevron  Energy  $35,465  43,846  $808,854 
Vertex Pharmaceuticals  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $3,322  4,800  $692,083 
Apple  Technology, Consumer Goods  $99,803  164,000  $608,555 
Broadcom  Semiconductor  $11,495  20,000  $574,750 
Visa  Financial  $14,957  26,500  $564,415 
10  Pfizer  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $31,372  83,000  $377,976 
11  Regeneron  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $4,338.4  11,851  $366,079 
12  Netflix  Video Streaming Services  $4,491.9  12,800  $350,930 
13  Mastercard  Financial  $9,930  29,900  $332,107 
14  Microsoft  Technology  $72,738  221,000  $329,131 
15  Alphabet  Technology  $59,972  190,234  $315,254 
16  Airbnb  Travel  $1,893  6,811  $277,933 
17  American Tower  Real Estate Investment Trust  $1,765.8  6,391  $276,295 
18  NextEra Energy  Energy  $4,147  15,300  $271,046 
19  Gilead Sciences  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $4,592  17,000  $270,118 
20  Meta Platforms  Technology  $23,200  86,482  $268,264 
21  Texas Instruments  Semiconductor  $8,749  33,000  $265,121 
22  BlackRock  Financial  $5,178  19,800  $261,515 
23  Amgen  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,552  25,200  $260,000 
24  Qualcomm  Semiconductor  $12,936  51,000  $253,647 
25  AbbVie  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $11,836  50,000  $236,720 
26  Goldman Sachs Group  Financial  $11,261  48,500  $232,186 
27  Merck  Health (Including Animals)  $14,519  68,000  $213,515 
28  Union Pacific  Railroad  $6,998  33,179  $210,917 
29  Charles Schwab  Financial  $7,183  35,300  $203,484 
30  Applied Materials  Semiconductor  $6,525  33,000  $197,727 
31  Bristol-Myers Squibb  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,327  34,300  $184,461 
32  Verizon Communications  Telecommunications  $21,256  117,100  $181,520 
33  Nvidia  Technology  $4,368  26,196  $166,743 
34  Adobe  Technology  $4,756  29,239  $162,659 
35  Eli Lilly  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $6,244.8  39,000  $160,123 
36  Zoetis  Health (Including Animals)  $2,114  13,800  $153,188 
37  Booking Holdings  Travel  $3,058  21,492  $142,286 
38  Cisco Systems  Technology  $11,812  83,300  $141,801 
39  Procter & Gamble  Consumer goods  $14,742  106,000  $139,075 
40  Morgan Stanley  Financial  $11,029  82,427  $133,803 
41  JPMorgan Chase  Financial  $37,676  293,723  $128,271 
42  Southern Company  Energy  $3,524  27,562  $127,857 
43  Bank of America  Financial  $27,528  216,823  $126,961 
44  Johnson & Johnson  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $17,941  152,700  $117,492 
45  Coca-Cola  Consumer Goods  $9,542  82,500  $115,661 
46  Philip Morris International  Tobacco  $9,048  79,800  $113,383 
47  Analog Devices  Semiconductor  $2,748.6  24,450  $112,417 
48  Intuitive Surgical  Biopharmaceutical, Pharmaceutical, and/or Biotechnology  $1,322.3  12,120  $109,101 
49  Tesla  Automotive, Energy  $12,556  127,855  $98,205 
50  American Express  Financial  $7,514  77,300  $97,206 
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