fortune 500

 

 

 

 

 

 

Fortune magazine is out with its list of the 500 biggest U.S. companies.

Wal-Mart Stores remains at the head of the list although its profits are #11.  ExxonMobile falls from #2 to #4, and its profits dipped to #27.  Apple remained #3 and profits were #1.

Berkshire Hathaway moved from #4 to #2 with profits ranked in the third spot.  #2 in profits was JP Morgan Chase although its revenues placed it in 23rd place.

The top 10 in revenues were (profits ranking is in parentheses):

1 – Wal-Mart

2 – Berkshire Hathaway

3 – Apple

4 – ExxonMobil

5 – McKesson

6 – United Health Group

7 – CVS Health

8 – General Motors

9 – AT&T

10 – Ford Motor

The top 10 in profits were (revenues ranking is in parentheses):

1 – Apple (3)

2 JP Morgan Chase & Co. (23)

3 Berkshire Hathaway (2)

4 Wells Fargo (27)

5 Alphabet (36)

6 Bank of America Corp (26)

7 Microsoft (25)

8 Johnson & Johnson (39)

9 Citigroup (29)

10 Altria Group (149)

The rankings for Memphis companies in the 500 (revenues ranking in parentheses):

58 -FedEx (124)

133 – International Paper (209)

270 – AutoZone (167)

FedEx remained in the same place as previous year in revenues, International Paper dropped six places, and AutoZone climbed 10 spots.

Revenues:

FedEx – $50.4 billion, an increase of 6.1% since 2015

International Paper – $21.1 billion, a decrease of 5.8%

AutoZone – $10.6 billion, an increase of 4.4%

Profits:

FedEx – $1.8 billion, an increase of 73.3% since 2015

International Paper – $904 million, a decrease of 3.6%

AutoZone – $1.2 billion, an increase of 7%

The three Memphis companies on the Fortune 500 have cumulative revenues of $82.1 billion, which is slightly larger than the GDPs of Sudan and Sri Lanka, and one-third more than Guatemala, Ethiopia, and Kenya.

The three Memphis companies have cumulative revenues larger than the GDPs of New Orleans, Salt Lake City, Louisville, Oklahoma City…and Memphis, whose GDP is $71.3 billion.

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