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.
Click below to zoom
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
Study Analyzes Monetary Benefits of Being Bilingual
Many studies have proven the cognitive benefits of learning a second language, which is especially powerful for children. A new Preply study turns to the career world and the monetary benefits of being bilingual. After examining thousands of job advertisements, the team examined how language skills impact hiring trends, salaries, and career growth potential. Their findings help workers definitively decide whether a bilingual career is worth the study. Results show that salary gaps vary widely across countries, and some languages offer stronger benefits than others. Different industries value bilingual workers more than others too. The team’s analysis is a thorough examination of how bilingual abilities can impact a career.
Click below to zoom.
Despite variances, the Preply found that bilingual jobs do indeed pay more. The study found that bilingual workers earn an average of $9,353 more a year. In some countries, that amount is even higher, proving that a second language is one of the most valuable skills you can add to your resume.
These are the countries where speaking a second language pays the most:
- Spain – bilingual workers earn 19.4% more than single-language workers
- USA – 18.8% more
- Poland – 18.6% more
- UK – 11.5% more
- Italy – 4.8% more
- Canada – 3.3% more
Not all languages are worth the same salary increase. Research has uncovered five languages that lead to the highest salary increases. Japanese, Portuguese, Italian, German, and Russian are the most lucrative to learn. Japanese is the most valuable language to learn, giving workers a 20.9% salary increase with fluency. Japan is a world leader in engineering, technology, and the automobile industry, so Japanese fluency allows workers to communicate with these world-leading Japanese brands. The value of Portuguese lies in the many countries that speak it, including Brazil and parts of Africa. Italian fluency comes in handy, particularly in the tourism industry.
Speaking of industry differences, bilingual ability is more valued in some sectors than others. These American sectors had the highest number of job openings that required a second language:
- Sales
- Customer Service
- Social work
- Property and real estate
- Education
- Manufacturing
- Logistics
- Consulting and Strategy
- Accounting and Finance
- Healthcare and Nursing
- Marketing and PR
- Hospitality and Catering
Some of the positions this can lead to include call center reps, account managers, nurses, teachers, hotel managers, tech support experts, social workers, and salespeople.
In the USA, Spanish is the most sought-after second language. In Europe, many countries seek German and French speakers. Remember that it’s never too late to start to learn a second language. You’ll still see career benefits. While you may have to invest in hiring a tutor or start a class, this data makes it clear that this investment will pay off in the long run. Learning a second language not only enriches your life but can also open new doors and career possibilities. If you want to change careers, a second language can help you do this, and if you want to advance, a second language might be the key.
Business Visualizations
Exploring Technology That Revolutionized Industries
Breakthroughs in technology can revolutionize industries and even give birth to new industries previously unimagined. The Qualtrics team explored the world’s most revolutionary products and services, arranged on a timeline that teaches us not only which tech has caused the biggest changes, but also how these developments interact with each other and advance technology and our lives as a whole. The timeline spans 1981 to 2022. It covers the realms of Computing and Internet, Entertainment and Media, and Mobile and Digital Services. Each item on the timeline has changed its industry and even changed the way humans live.
In the world of computing and Internet services, the timeline covers:
- IBM Personal Computer
- America Online
- Microsoft Windows 95
- Google Search Engine
- OpenAI ChatGPT
Click below to zoom.
The timeline covers the world of entertainment, featuring Sony PlayStation, Amazon, Craigslist, Netflix, Facebook, YouTube, and Nintendo Wii as the gamechangers. In the mobile and digital services realm, there’s a surprising diversity of products from smartphone models to apps like Uber to the Dyson DC01 Vacuum Cleaner, and even Red Bull energy.
It’s no secret that the personal computer revolutionized the business and computing industries. Before IBM’s PC, there was no market for personal computers; today, they’re a staple of modern life. Another 1980s brand, Red Bull, created a market where none previously existed. People traditionally get their caffeine fix from coffee, but energy drinks offer an easier-to-grab option on the go. Red Bull partnered with extreme-sports marketing to turn energy drinks into a lifestyle.
The timeline highlights AOL Instant Messenger as the Internet’s first big revolution. It’s a precursor to social media and helped make the World Wide Web a means of quick, easy communication. In 1998, Google Search Engines made the Internet an invaluable tool for knowledge. Google made it far easier to find websites of value on any topic under the sun (and even some beyond!)
From here on, the timeline is dominated by a range of innovative apps and Internet-based services. Amazon is the worldwide leader in e-commerce. It changed the way consumers shop forever, offering low prices, convenience, and fast delivery. Netflix changed the way people consume films and television by offering the first-ever streaming service. They offer an enormous library of new and old titles. No more waiting for a syndicated show to air. Netflix created a demand for “binge-worthy” content. The entertainment world touches every area of traditional arts and media. We see the Amazon Kindle changing how many book lovers read, offering a digital library that saves physical space and even money for some titles. Spotify became the leader of music streaming in 2008. Some think of it as the Netflix of music. Memberships offer unlimited streaming access to millions of songs and artists.
These are just a few of the industries that have been revolutionized by technology. We haven’t even touched on AI! Dive into the timeline to learn more about the most pivotal products and services of the modern era.
Business Visualizations
Statistics Are the Key to Understanding AI’s Influence on Business
“Artificial intelligence” may be the biggest buzzword of 2026. It seems like every industry is incorporating AI into its practices, but it has had the biggest impact in the business sector. Nearly 80% of businesses use AI in some way. Qualtrics has quantified the massive impact AI has on business with a chart listing 25 key statistics that illustrate its influence. These statistics help us understand how and why businesses are using AI to reach the next level.
Many of the statistics listed show why businesses are so drawn to AI. In 2025, three out of four companies used AI regularly for at least one task. 99% of Fortune 500 companies use AI in their hiring process to screen applicants for predicted success in a role. 83% of business professionals say they’re using AI to learn new skills to further their career. Perhaps the most compelling reason businesses turn to AI is their profits. Every dollar invested in generative AI yields an average return of $3.70. Businesses are embracing what they see as AI’s stronger performance and competitive edge.
There is no doubt that AI is profitable, as these figures show. 70% of companies report increased revenue that they attribute to generative AI. Supply chains use AI to streamline logistics, and on the marketing side of business, 42% report using AI for content generation. Customer service has seen a huge explosion in AI usage, almost a 2000% increase.
AI has strong momentum, with about 70,000 companies using it globally. U.S. private investment in AI is around $109.1 billion. 90% of the world’s AI models are the work of private industry rather than government-funded research or academia, highlighting that business not only uses AI but also fuels its creation.
Small businesses are a part of these statistics. 89% of small businesses use AI in their daily operations, often for financial management and customer service. 60% of small business owners say AI has improved their employees’ productivity. Executives and senior managers are the most avid users of AI, but use by interns and entry-level employees rises every year.
Here are a few other jaw-dropping statistics that show how enormous a presence AI has in the business industry:
- AI drives over 70% of venture capital activity.
- 92% of companies plan to invest more in AI within the next three years.
- 63% of businesses use AI to generate text-based content.
- The use of AI customer service agents has grown by 2,199% since January.
- The United States is home to 29,618 AI companies, which is more than any other country.
These statistics underscore that AI is becoming a regular part of everyday business practices. Companies often say they believe AI amplifies their employee’s natural talents. Whether used for strategy, customer service, or content generation, it seems AI is here to stay.
-
Business Visualizations1 year agoEverything Owned by Apple
-
Business Visualizations1 year agoAmerica’s Most Valuable Companies Ranked by Profit per Employee
-
Business Visualizations10 months agoThe Biggest Employers by Industry
-
Business Visualizations2 years agoNew Animated Map Shows Airbnb’s Fully Booked Cities Along the 2024 Eclipse Path of Totality
-
Timelines1 year agoTimeline Charts the Development of Communications Technology
-
Charts2 years agoHow Many Crayola Crayon Colors Are There? A Lot.
-
Business Visualizations6 months agoThe Largest Companies in America That Are Still Run by the Person Who Founded Them
-
Business Visualizations2 years agoThis Chart Shows the Colors That Appear in the Most Fortune 500 Logos




