Table of Contents Hide
- What is Fortune?
- The Editorial Standards of Fortune Magazine
- Who Was the Founder of Fortune?
- What Kinds of Lists Does Fortune Produce?
- The Fortune 100’s requirements
- What Is the Function of the Fortune 100?
- What is the significance of the Fortune 100?
- How Different is the Fortune 100 from the Fortune 500 List?
- What Is the Fortune 100’s History?
- What Separates the Fortune 100 Best Companies to Work For from the Fortune 100?
- The Fortune 100 List of Companies 2022
- Fortune 100 List of Companies FAQs
- How many Fortune 100 companies are there?
- Is Fortune 100 or 500 better?
- Is Tesla a Fortune 100 company?
- Related Articles
The Fortune 100 is a list of the top 100 companies in the United States. It is a ranking of the United States’ top 100 public and private firms based on revenue; some of which for 2022 include Walmart, Amazon, Apple, CVS Health, and so on. This list is compiled by Fortune magazine using annual revenue statistics reported to a government agency. The list is a subset of the published Fortune 500, which is a ranking of the 500 most profitable public and private companies.
What is Fortune?
Fortune is a well-known business magazine with its headquarters in New York City. The magazine produces lists of the most profitable public and private firms on a regular basis. Fortune magazine publishes two of the most popular lists each year: the Fortune 500 and the Fortune 100. The company is a global media firm dedicated to providing unprecedented access and best-in-class storytelling to help readers, viewers, and attendees accomplish big in business.
The Atlantic Monthly Company first published Fortune in 1929. The magazine was billed at first as “The Ideal Super-Class Magazine,” which clearly depicted the most prominent enterprises and individuals of the time. Fortune has been published monthly since its inception, and biweekly since 1978. Fortune magazine is published 14 times a year as of 2018.
The Editorial Standards of Fortune Magazine
Fortune magazine strives to publish journalism that adheres to the highest standards of accuracy, fairness, transparency, and legality. Fortune’s content is distributed through print, internet, and live products.
It basically attempts to educate readers and viewers. The content of the company represents the firm’s commitment to quality and honesty, as well as the fact that the firm’s reputation is built on these journalistic ideals.
Who Was the Founder of Fortune?
After the Great Depression and the death of his Yale friend Briton Hadden, American magazine entrepreneur Henry Robinson Luce created Fortune magazine. Henry Robinson Luce also co-founded Time magazine with Briton Hadden before joining Fortune.
On April 3, 1898, Luce was born in Penglai, Shandong, China. He went to several Chinese and English boarding institutions in China. He first met Briton Hadden in Connecticut when he was 15 years old. After that, they both headed to Yale College to study. Following that, Henry pursued post-graduate studies at Oxford University.
What Kinds of Lists Does Fortune Produce?
Every year, Fortune magazine publishes a number of business-related lists. Other important lists published by the magazine include:
- Fortune 100
- Fortune 500
- Fortune 1000
- Fortune Global 500
- Fortune India 500
- 40 Under 40
- Most Powerful Women
- 100 Best Companies to Work For
- World’s Most Admired Companies
- 100 Fastest Growing Companies
- The Unicorn List
- Businessperson of the Year
The Fortune 100’s requirements
The editors of the magazine were initially more stringent about which business areas were featured. The Fortune 100 list exclusively covered companies in the manufacturing, mining, and energy industries from 1955 to 1994. Many of the country’s highest-earning companies were left out. Fortune did, however, produce individual sector lists for the top 50 firms in the banking, utilities, insurance, retail, and transportation industries.
Fortune enlarged its list of corporations in 1994 to include service businesses, allowing numerous newcomers to join. This adjustment resulted in the addition of numerous new firms to the Fortune 100 list, as well as a significant rise in the amount of annual revenue needed to qualify for the prestigious list. To enter the Fortune 100 list in 1995, a firm was required to achieve $10.9 billion in revenue, up from $5.3 billion in 1994.
What Is the Function of the Fortune 100?
Companies that submit financial data to a government body in the United States are eligible for inclusion in the Fortune 100. Private businesses are usually excluded from this. Foreign subsidiaries incorporated in the United States are likewise excluded.
When sales are presented on a consolidated basis, the Fortune 100 ranks firms based on revenue, which often includes revenues from terminated operations. The list also includes each company’s after-tax profits, assets, shareholders’ equity, market valuation, and earnings per share. The list also includes each company’s overall return to investors, which includes price appreciation and dividends reinvested in the most popularly held or actively traded class of stock.
What is the significance of the Fortune 100?
The Fortune 100 is a subset of the Fortune 500, which is a comprehensive ranking of the country’s largest and most powerful corporations. The Fortune 100 list comprises the Fortune 500’s largest companies.
A drop in rank or failure to make the list could indicate or reflect trouble for the company or its industry as a whole, whereas a move up the list usually indicates good news.
How Different is the Fortune 100 from the Fortune 500 List?
The Fortune 100 are the 100 biggest public and private firms in the United States based on revenues, according to rankings from Fortune magazine’s Fortune 500 list. And as earlier mentioned, a list of businesses that operate in the United States and submit financial reports to government authorities is the source of the Fortune 100, a subset of the Fortune 500. The Fortune 100 exclusively featured businesses engaged in manufacturing, energy, and mining operations prior to 1994. Since then, businesses involved in the services industry have been included.
What Is the Fortune 100’s History?
The Fortune 500 list was created in 1955 by Fortune magazine. With revenues in excess of $9.8 billion at the time, General Motors was at the top of the list. For the following three decades, it maintained this position. Many of the top revenue earners in 1955, including General Motors and other businesses like Chrysler, Exxon, and General Electric, are still around today.
What Separates the Fortune 100 Best Companies to Work For from the Fortune 100?
Each year, the Fortune 500 lists the American businesses with the biggest revenue production. The Fortune 100 Best Companies to Work For, on the other hand, are ranked based on employee surveys in which questions on, among other things, leadership effectiveness, reaching one’s potential, and faith in one’s organization are posed. Governmental organizations are not eligible, and businesses must have at least 1,000 employees.
The Fortune 100 List of Companies 2022
- CVS Health
- UnitedHealth Group
- Exxon Mobil
- Berkshire Hathaway
- Costco Wholesale
- Cardinal Health
- Home Depot
- Walgreens Boots Alliance
- Marathon Petroleum
- Ford Motor
- Verizon Communications
- JPMorgan Chase
- General Motors
- Meta Platforms
- Phillips 66
- Valero Energy
- Dell Technologies
- Fannie Mae
- Bank of America
- Johnson & Johnson
- Archer Daniels Midland
- Wells Fargo
- State Farm Insurance
- Procter & Gamble
- General Electric
- Prudential Financial
- Walt Disney
- Energy Transfer
- Lockheed Martin
- Freddie Mac
- Goldman Sachs Group
- Raytheon Technologies
- Morgan Stanley
- HCA Healthcare
- Best Buy
- Charter Communications
- New York Life Insurance
- Cisco Systems
- Publix Super Markets
- Liberty Mutual Insurance Group
- Tyson Foods
- Bristol-Myers Squibb
- American Express
- Abbott Laboratories
- StoneX Group
- Plains GP Holdings
- Enterprise Products Partners
- Thermo Fisher Scientific
- General Dynamics
- Northwestern Mutual
- Massachusetts Mutual Life Insurance
Fortune 100 List of Companies FAQs
How many Fortune 100 companies are there?
There are 100 companies on the Fortune 100 list, which is a subset of the fortune 500 List
Is Fortune 100 or 500 better?
Since Fortune 500 gives a better overview of some of the most profitable companies to model your business after, you should go for it over the Fortune 100 list.
Is Tesla a Fortune 100 company?
Tesla debuted on the list in 2016 at number 384 and moved up to positions 260 in 2017, 144 in 2018, 122 in 2019, and 100 in 2021. The business journal cites stunning figures to justify Tesla’s amazing rise in 2022, which has seen the company climb 35 positions to 65th place.