Fortune's 500 Companies

Missouri is Home to 10 Fortune 500 Businesses

Fortune Magazine recently released its 2019 Fortune 500 rankings. Ten Missouri-based companies were included in this year’s Fortune 500 list. Centene moved into the position of the highest ranked Missouri company among Fortune 500 companies, up to 51 from 61 last year, with revenues of $60.1 billion. Other Missouri companies that experienced rank increases from the previous year include: Edward Jones, Graybar Electric, Olin, and Post Holdings. Post Holdings had the largest increase, climbing 41 spots from 512 to 471 in the rankings.

2018 - Missouri Fortune 500 Companies
Company Rank Previous Rank Revenue ($MIL) Revenue Change Profits ($MIL) Headquarters Primary Business
Centene 51 61 $60,116 23.8% $900 St. Louis Health Care: Insurance & Managed Care
Emerson Electric 178 178 $17,408 6.8% $2,203 St. Louis Industrial Machinery
Reinsurance Group of America 251 234 $12,876 2.9% $716 Chesterfield Insurance - Life, Health
O'Reilly Automotive 329 329 $9,536 6.2% $1,325 Springfield Retail - Automotive
Jones Financial (Edward Jones) 356 376 $8,594 13.1% $990 Des Peres Finance - Securities
Graybar Electric 423 426 $7,203 8.6% $143 St. Louis Wholesale
Olin 434 448 $6,946 10.8% $328 Clayton Chemicals
Ameren 468 453 $6,291 1.8% $815 St. Louis Gas and Electric
Post Holdings 471 512 $6,257 19.7% $467 St. Louis Food Consumer Products
Peabody Energy 499 491 $5,582 0.1% $647 St. Louis Energy, Oil Production
Total     $140,809   $8,534    

*Source: Fortune Magazine, Fortune 500 online, June 2019. http://fortune.com/fortune500/

Most of Missouri’s Fortune 500 companies are based in the St. Louis area, with the one exception being O’Reilly Automotive, which is headquartered in Springfield. The acquisition of two notable Missouri Companies in 2018 by companies located outside of Missouri—Express Scripts, which was purchased by Cigna Corporation, and Monsanto, which was purchased by Bayer Pharmaceuticals—caused them to fall off of the list. Profits for the remaining companies increased nearly $8.0 billion over 2018. Missouri’s ten Fortune 500 companies employed over 291,880 people, of which approximately 23,000 are Missouri residents and were paid roughly $2.4 billion in wages according to the 2018 analysis of Quarterly Census of Employment and Wages program data.

The top five U.S. companies are Wal-Mart Stores ($514.4 billion), Exxon Mobil ($290.2 billion), Apple ($265.6 billion), Berkshire Hathaway ($247.8 billion), and Amazon.com ($232.9 billion).  Berkshire Hathaway and Apple switched places from the previous year, with Apple claiming the number three spot and Berkshire Hathaway falling to number four. Amazon.com climbed three ranks (from 8 to 5), increasing its revenue $55.0 billion over the past year. From the Top Ten, AmerisourceBergen climbed three ranks to secure the tenth spot.

2018 - TOP 10 Fortune 500 Companies in the U.S.
Company Rank Previous Rank Revenue ($MIL) Revenue Change Profits ($MIL) Headquarters Primary Business
Walmart 1 1 $514,405 2.8% $6,670 Bentonville, AK General Merchandisers
Exxon Mobil 2 2 $290,212 18.8% $20,840 Irving, TX Petroleum Refining
Apple 3 4 $265,595 15.9% $59,531 Cupertino, CA Computers, Office Equipment
Berkshire Hathaway 4 3 $247,837 2.4% $4,021 Omaha, NE Insurance: Property and Casualty
Amazon.com 5 8 $232,887 30.9% $10,073 Seattle, WA Internet Services and Retailing
UnitedHealth Group 6 5 $226,247 12.5% $11,986 Minnetonka, MN Health Care: Insurance and Managed Care
McKesson 7 6 $208,357 4.9% $67 Irving, TX Health Care: Wholesalers
CVS Health 8 7 $194,579 5.3% -$594 Woonsocket, RI Health Care: Pharmacy and Other Services
AT&T 9 9 $170,756 6.4% $19,370 Dallas, TX Telecommunications
AmerisourceBergen 10 12 $167,940 9.7% $1,658 Chesterbrook, PA Wholesalers: Health Car

*Source: Fortune Magazine, Fortune 500 online, June 2019. http://fortune.com/fortune500/

The map below illustrates the number of Fortune 500 companies located in each state. At the national level, New York is currently home to 56 Fortune 500 company headquarters, with California closely behind with 53 and Texas with 49. Taking a closer look at Missouri’s neighboring states, Illinois tops out at 36 Fortune 500 headquarters, followed by Tennessee with 10. 

Fortune 500 2019 Map