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

Study Examines Where People Think AI Will Improve Their Work Lives

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AI is embedded in workplaces worldwide by this point, and yet workers’ feelings about it vary dramatically. A study by Qualtrics examined how geography was related to feelings about AI in the workplace. They found that only 37% of workers globally believed that AI would improve their jobs. That average hides a 45-point difference between the most optimistic country, which is China, and the most skeptical, Japan.

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In which countries are people most likely to believe AI will improve their work life?

Nearly 80% of global companies report using AI in some capacity, and research indicates productivity gains, with lower-skilled workers benefiting the most. Even if this is the case, employee sentiment isn’t nearly as unified. The numbers the team shows here indicate a healthy level of AI skepticism. In fact, more than half of workers think AI will improve their lives in just 6 out of 32 countries studied. That means there are more skeptics than people excited about what AI will bring to the workplace. But why does optimism cluster in some regions while most remain skeptical?

Here are a few of the countries where optimism runs high:

  • China – 62% of workers are optimistic
  • Indonesia – 59%
  • Peru – 57%
  • South Africa – 53%
  • Thailand – 52%

There is a mid-tier region with fewer optimistic workers, but still a healthy percentage. This includes Mexico, Brazil, India, Colombia, and Malaysia. Many of these countries have developing economies or a heavy state investment in AI infrastructure, as is the case in China. Workers in these places view AI as a tool to close skill gaps, raise wages, and improve living standards. These regional differences are easy to spot thanks to the map Qualtrics created, which color codes the level of optimism/skepticism.

At the other end of the spectrum, we find the highest number of skeptics in Western Europe and English-speaking countries. Here are the countries with the least faith in AI:

  • United States – 31% of workers are optimistic
  • Australia – 29%
  • Great Britain – 26%
  • Canada – 24%
  • Japan – 17%
  • Poland – 21%

The media narratives in these countries frame AI as a risk of automation-driven job loss, which shapes people’s perceptions even when AI adoption in their workplaces is the same as in optimistic locations. These nations are the same that rank lowest on the belief that AI will improve the job market.

Economic research suggests that AI tends to reshuffle tasks within a role rather than eliminate that job outright. New skills will be required to work with AI, and some positions will shift, but historically, new digital tools have created more roles than they’ve erased. The gap between the hard data and public sentiment in skeptical countries is definitely worth examining and tells a story.

As AI rolls out unevenly across the world’s workforce, it’s important for employers to understand where their employees actually stand on the issue. Beyond regional stereotypes or headline-driven assumptions, employers must look at facts like the data presented here to make thoughtful AI adoption decisions.

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Business Visualizations

Study Examines the Logo Rebrands That Led to Big Increases in Web Traffic

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Logos are among the most dramatic and important aspects of marketing, shaping how consumers view a brand in ways that aren’t always visible. Logo designs are based on psychology, which informs us how shapes and colors make us feel, and how they can shape a brand’s trustworthiness and credibility. If a brand changes its logo, it must be done with care and intention, and with a clear reason to justify the switch. The team at LogoMaker displays the most effective logo switches and rebrands in a graphic based on increased web traffic.

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The 35 Logo Redesigns and Rebrands That Led to the Greatest Increases in Web Traffic

The team chose web traffic as an indicator of a successful logo because in the world of marketing, clicks and traffic are closely linked with sales and brand awareness. It’s a quantifiable way to measure customer behavior. The team used SEMrush traffic data to estimate traffic changes in the three months leading up to their rebrand announcement, compared with the two months after the launch. Their graph isolates traffic rates to the time of the rebrand to get the most accurate depiction of the effects. The team also helpfully included the old and new logos so readers can form their own opinions about changes.

According to the team’s results, these were the brands with the biggest traffic increases after their new logo launched:

  • Pfizer
  • MLB
  • Premier League
  • The Guardian
  • Southwest
  • VISA
  • Target
  • Jaguar
  • IHOP
  • Spotify

We see a wide range of industries represented in these results. Pfizer takes the lead after redesigning its logo from a pill shape to a double helix. This is also a good example of other factors, in addition to the rebrand, causing the traffic spikes. The rebrand occurred in 2021, the height of the COVID-19 pandemic, when the world was hoping for a company like Pfizer to develop an effective vaccine.

After Pfizer, we see a few sports leagues on the chart. Major League Soccer, or MLS, is in second place, followed by the UK’s Premier League in third. Both of them dramatically simplified their logos, making them clearer and possibly more memorable, as the increased traffic indicates. In fact, many of the companies on the list seem to have opted for simpler logo designs. This is quite possibly so the logos are more visible when they’re small, like on a phone screen. This could also reflect a changing aesthetic, shifting from the more stylized and classical designs of the 90s and 00s to today’s more bold, minimalist style.

The trend toward minimalist logo redesign reflects evolving consumer preferences and the demands of digital media. Companies across diverse industries, from pharmaceuticals to sports and retail, are embracing simpler, more impactful designs that enhance brand recognition and visibility in an increasingly mobile world. These changes not only boost traffic but also demonstrate how branding adapts to cultural shifts and technological advancements, helping organizations stay relevant and competitive in today’s fast-paced landscape.

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Business Visualizations

Find the Places in the U.S. Where People Are Most Eager to Find a Job

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Job searching is stressful and the current employment market isn’t the strongest. The Bureau of Labor Statistics (BLS) says that the average job search lasts 23.3 weeks. That’s a long haul. The World Economic Forum does see the market becoming more dynamic soon with new and emerging job opportunities. Qualtrics added to this top with a new map showing where we’ll find the most active job seekers in the U.S. They drew on data from the BLS’s American Time Use Survey.

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Where in the United States are people the most eager to get a job?

The team’s main visual for their data is a color-coded map of the 50 states, ranked by the percentage of residents who reported engaging in job-seeking activities. These could include looking for work, wanting a job, submitting applications, intending to seek work soon, looking at job ads, or attending job training. Five states had to be excluded from the ranking because of insufficient survey data. This included Hawaii, Vermont, North Dakota, West Virginia, and Wyoming.

These states were found to have the most people wanting new jobs:

  1. Alaska — 23.81% (standout leader)
  2. Idaho — 17.24%
  3. California — 13.33%
  4. Oklahoma — 12.5%
  5. Nevada & New Hampshire — tied at 11.9%
  6. Iowa — 11.28%
  7. Washington — 9.95%
  8. Oregon — 9.04%
  9. Virginia — 8.84%

This list shows Western and Pacific states dominating the top. Alaska as a standout leader might come as a surprise because it’s not due to a job shortage. There is actually a workforce shortage in Alaska. In 2024, Alaska created 5,400 new jobs with more expected in 2025. $20 billion in infrastructure development is expected to generate 20,000 more jobs by 2030. So, Alaska’s high job-seeking activity reflects a growing, dynamic economy with ample room for pivots and career changes.

States with the lowest rankings were Kentucky (1.32%), Arkansas (1.83%), and Missouri (3.26%). These states may have lower unemployment rates, different market conditions, or demographic factors that influenced their ranking. The data make it clear that job-seeking activity varies widely by state, tied to local economic conditions, perhaps more so than national trends. Job seekers should take advantage of training programs, the federal jobs board, and role-specific job search sites. It also shows that securing talent is only one step toward building a loyal, long-term workforce. Only 42% of workers feel engaged, which is a major reason they may seek new jobs.

Beyond a snapshot of where Americans are currently looking for work, these data points to a bigger reality: labor-market “energy” is uneven, and high job-seeking activity can signal opportunity as much as instability. In states like Alaska, movement may reflect an expanding, restructuring economy in which workers feel empowered (or required) to pivot as new roles and industries emerge. For job seekers, the practical takeaway is to align search strategy with local conditions. Prioritize skills-building and credentials that travel across employers, use targeted boards and training pipelines, and treat mobility as a long-term advantage rather than a short-term disruption. Organizations and individuals that read these regional signals early and invest accordingly will be best positioned to thrive as the economy continues to evolve.

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