What Is the Fortune 1000?
The Fortune 1000 is an annual listing compiled by the popular Fortune Magazine of the 1000 largest American companies. Basically, the qualified companies are ranked by revenue earned from core activities, discounted operations, and consolidated subsidiaries. Because revenue is the criterion for inclusion, every business must be granted permission to operate in the United States and file a 10-K or comparable financial statement with the appropriate government agency.
However, private organizations are not included on the list because they often hide financial information from the public. In other words, companies that fail to report full financial accounts for at least three quarters of the current fiscal year are omitted from the list.
An Overview
Despite garnering far less attention than the more selective Fortune 500 rankings, the Fortune 1000 is nonetheless regarded as a significant and respected list. The annual list piques the curiosity of readers who follow the business world and want to learn more about the most powerful figures in the US economy.
Walmart (WMT) has topped the list for eight of the last ten years, with the exception of 2009 and 2012, when oil prices reached near-term highs and ExxonMobil (XOM) dethroned them.
Many investors consider a drop in rank or failure to make the list to be an indication of a company’s or industry’s weakness, whereas a climb higher indicates strength. Considering that this list is based on revenue, several of the companies at the top provide products that would be useful to the public. These include groceries and clothing from Walmart, petrol from an ExxonMobil station, or the widely used iPhone from Apple. As a result, many business-to-business (B2B) software firms are unable to reach the top of the rankings.
As of 2018, California had the highest number of firms on the Fortune 1000 list (118) in comparison to other states in the US. New York City, on the other hand, had the most (74) of all US cities.
How to Invest in Fortune 1000 Companies
Investing in any of the top earners on the list is pretty tricky. For the most part, you might not be able to invest in each company individually unless you’re Warren Buffet. Even if you have enough money, investing in them one by one may not be prudent or practicable.
Fortunately, an index fund could be a good choice. The S&P 500, for example, is an index fund that monitors the performance of the 500 largest firms in the United States. All of the companies in this index are expected to be on the Fortune 1000 list. It may, however, overlook the Fortune 1000’s bottom 500 companies.
The Russell 1000 index tracks the top stocks in the Russell 3000 index, although it covers a broader spectrum of companies. It focuses on the market capitalization of the United States’ top 1000 corporations. Because of a large number of stocks included, this index may be a better choice for investors who want to invest in as many Fortune 1000 companies as possible.
Criticisms
The Fortune 1000 list is an excellent indicator of the current state of the corporate world. This list, however, is overshadowed by the Fortune 500, which ranks the top 500 firms by revenue. The fast turnover of companies near the bottom of the Fortune 1000 list prevents it from achieving the same general recognition as the smaller Fortune 500 list in many ways.
For many years, scholars equated turnover with positive economic churn, underlying innovation, and productivity strength. High churn, on the other hand, isn’t always an indication of robust business growth. It can also indicate an active merger and acquisition (M&A) environment, in which giant corporations buy startups or small businesses.
What is the significance of the Fortune 1000?
The Fortune 1000 is a subset of the Fortune 500, which is a comprehensive ranking of the country’s largest and most powerful corporations. The Fortune 1000 comprises the Fortune 500 and Fortune 100 companies; a list of the largest 500 and 100 corporations respectively.
Being named to the Fortune 1000 is an honor, but it isn’t the only list that honors the growth of business and entrepreneurship in the United States.
Inc. magazine publishes an annual list of the country’s fastest-growing private enterprises.
The First 500 of the Fortune 1000
- Walmart
- Amazon
- Apple
- CVS Health
- UnitedHealth Group
- Exxon Mobil
- Berkshire Hathaway
- Alphabet
- McKesson
- AmerisourceBergen
- Costco Wholesale
- Cigna
- AT&T
- Microsoft
- Cardinal Health
- Chevron
- Home Depot
- Walgreens Boots Alliance
- Marathon Petroleum
- Anthem
- Kroger
- Ford Motor
- Verizon Communications
- JPMorgan Chase
- General Motors
- Centene
- Meta Platforms
- Comcast
- Phillips 66
- Valero Energy
- Dell Technologies
- Target
- Fannie Mae
- UPS
- Lowe’s
- Bank of America
- Johnson & Johnson
- Archer Daniels Midland
- FedEx
- Humana
- Wells Fargo
- State Farm Insurance
- Pfizer
- Citigroup
- PepsiCo
- Intel
- Procter & Gamble
- General Electric
- IBM
- MetLife
- Prudential Financial
- Albertsons
- Walt Disney
- Energy Transfer
- Lockheed Martin
- Freddie Mac
- Goldman Sachs Group
- Raytheon Technologies
- HP
- Boeing
- Morgan Stanley
- HCA Healthcare
- AbbVie
- Dow
- Tesla
- Allstate
- AIG
- Best Buy
- Charter Communications
- Sysco
- Merck
- New York Life Insurance
- Caterpillar
- Cisco Systems
- TJX
- Publix Super Markets
- ConocoPhillips
- Liberty Mutual Insurance Group
- Progressive
- Nationwide
- Tyson Foods
- Bristol-Myers Squibb
- Nike
- Deere
- American Express
- Abbott Laboratories
- StoneX Group
- Plains GP Holdings
- Enterprise Products Partners.
- TIAA
- Oracle
- Thermo Fisher Scientific
- Coca-Cola
- General Dynamics
- CHS
- USAA
- Northwestern Mutual
- Nucor
- Exelon
- Massachusetts Mutual Life Insurance
- Northrop Grumman
- 3M
- Travelers
- Arrow Electronics
- Honeywell International
- Dollar General
- Qualcomm
- Capital One Financial
- TD Synnex
- Philip Morris International
- World Fuel Services
- Performance Food Group
- Delta Air Lines
- American Airlines Group
- Netflix
- Paramount Global
- US Foods Holding
- Danaher
- Jabil
- Starbucks
- Mondelez International
- Eli Lilly
- Hewlett Packard Enterprise
- D.R. Horton
- Molina Healthcare
- CBRE Group
- Micron Technology
- Broadcom
- Gilead Sciences
- PBF Energy
- Lennar
- United Natural Foods
- NRG Energy
- Nvidia
- Occidental Petroleum
- Salesforce
- Dollar Tree
- KKR
- Kraft Heinz
- Amgen
- AutoNation
- Penske Automotive Group
- PayPal Holdings
- Macy’s
- Duke Energy
- United Airlines Holdings
- Visa
- Rite Aid
- Cummins
- U.S. Bancorp
- Paccar
- McDonald’s
- Southern
- C.H. Robinson Worldwide
- Truist Financial
- Applied Materials
- Freeport-McMoRan
- Lithia Motors
- Blackstone
- Hartford Financial Services Group
- Aflac
- Whirlpool
- Union Pacific
- International Paper
- Altria Group
- CDW
- ManpowerGroup
- PG&E
- Carrier Global
- Baker Hughes
- Cleveland-Cliffs
- United States Steel
- Becton Dickinson
- CarMax
- Sherwin-Williams
- Builders FirstSource
- Marsh & McLennan
- PNC Financial Services Group
- Lumen Technologies
- Avnet
- Tenet Healthcare
- Kimberly-Clark
- Kohl’s
- BlackRock
- Jones Lang LaSalle
- Lear
- Lincoln National
- Charles Schwab
- Ross Stores
- Mastercard
- Genuine Parts
- WestRock
- EOG Resources
- Cognizant Technology Solutions
- Moderna
- Steel Dynamics
- HF Sinclair
- Texas Instruments
- Emerson Electric
- WESCO International
- General Mills
- Tenneco
- Waste Management
- Viatris
- DISH Network
- L3Harris Technologies
- DXC Technology
- Block
- Goodyear Tire & Rubber
- Uber Technologies
- Colgate-Palmolive
- Stanley Black & Decker
- DuPont
- Stryker
- NextEra Energy
- Targa Resources
- Western Digital
- PPG Industries
- American Electric Power
- Gap
- BJ’s Wholesale Club
- Reinsurance Group of America
- Kinder Morgan
- Oneok
- Expeditors Intl. of Washington
- Advanced Micro Devices
- Fiserv
- Estée Lauder
- Bank of New York Mellon
- Laboratory Corp. of America
- Regeneron Pharmaceuticals
- Land O’Lakes
- Cheniere Energy
- Southwest Airlines
- Adobe
- Synchrony Financial
- Corteva
- Fidelity National Financial
- DTE Energy
- Murphy USA
- Halliburton
- Automatic Data Processing
- Edison International
- BorgWarner
- Nordstrom
- Loews
- Guardian Life Ins. Co. of America
- Pioneer Natural Resources
- AutoZone
- Lam Research
- American Family Insurance Group
- Illinois Tool Works
- Parker-Hannifin
- Otis Worldwide
- Omnicom Group
- Principal Financial
- Dominion Energy
- Kellogg
- Fluor
- AECOM
- Reliance Steel & Aluminum
- Jacobs Engineering Group
- Corning
- Farmers Insurance Exchange
- Qurate Retail
- Pacific Life
- PulteGroup
- Fidelity National Information Services
- IQVIA Holdings
- Marriott International
- Berry Global Group
- Ball
- Group 1 Automotive
- Leidos Holdings
- Wayfair
- Consolidated Edison
- Ameriprise Financial
- Xcel Energy
- O’Reilly Automotive
- Global Partners
- Discover Financial Services
- Rocket Companies
- LKQ
- W.W. Grainger
- Quanta Services
- Crown Holdings
- Fox
- Sempra
- Markel
- Carvana
- XPO Logistics
- Baxter International
- Ecolab
- Tractor Supply
- Andersons
- Keurig Dr Pepper
- Universal Health Services
- CSX
- Henry Schein
- Sonic Automotive
- eBay
- Textron
- Jones Financial (Edward Jones)
- Community Health Systems
- Mosaic
- Thor Industries
- Dick’s Sporting Goods
- Newmont
- Devon Energy
- Warner Bros. Discovery
- J.B. Hunt Transport Services
- Alcoa
- Peter Kiewit Sons’
- Aramark
- Vistra
- State Street
- Unum Group
- Alleghany
- Boston Scientific
- Westlake
- Entergy
- International Flavors & Fragrances
- DaVita
- Mutual of Omaha Insurance
- Assurant
- Liberty Media
- Hormel Foods
- Icahn Enterprises
- Republic Services
- Mohawk Industries
- Conagra Brands
- Norfolk Southern
- AES
- AGCO
- Caesars Entertainment
- Equitable Holdings
- Advance Auto Parts
- Biogen
- Auto-Owners Insurance
- Booking Holdings
- Amphenol
- Quest Diagnostics
- FirstEnergy
- DCP Midstream
- Ally Financial
- Delek US Holdings
- Williams
- Newell Brands
- Eastman Chemical
- Air Products & Chemicals
- Thrivent Financial for Lutherans
- Molson Coors Beverage
- Interpublic Group
- Weyerhaeuser
- Altice USA
- Raymond James Financial
- EMCOR Group
- Eversource Energy
- Yum China Holdings
- Asbury Automotive Group
- Owens & Minor
- Public Service Enterprise Group
- United Rentals
- MGM Resorts International
- Ryder System
- Intuit
- Cincinnati Financial
- Erie Insurance Group
- Univar Solutions
- Huntington Ingalls Industries
- W.R. Berkley
- Western & Southern Financial Group
- Insight Enterprises
- News Corp.
- American Tower
- Old Republic International
- Burlington Stores
- Avis Budget Group
- ODP
- VF
- Bed Bath & Beyond
- Seaboard
- First American Financial
- Intercontinental Exchange
- PVH
- Apollo Global Management
- Jefferies Financial Group
- Hershey
- NVR
- Foot Locker
- Dana
- SpartanNash
- Olin
- Chewy
- Jackson Financial
- Activision Blizzard
- Toll Brothers
- Carlyle Group
- Graybar Electric
- Ovintiv
- UFP Industries
- Ulta Beauty
- Constellation Brands
- Expedia Group
- CommScope Holding
- Celanese
- Global Payments
- Owens Corning
- Campbell Soup
- Huntsman
- Franklin Resources
- Avery Dennison
- Masco
- CenterPoint Energy
- Fifth Third Bancorp
- WEC Energy Group
- S&P Global
- FM Global
- Polaris
- Williams-Sonoma
- Autoliv
- Arthur J. Gallagher
- Motorola Solutions
- Zillow Group
- Opendoor Technologies
- J.M. Smucker
- Anywhere Real Estate
- Oshkosh
- MasTec
- GXO Logistics
- APA
- Boise Cascade
- Dover
- Genworth Financial
- Bath & Body Works
- Booz Allen Hamilton Holding
- Coinbase Global
- Zimmer Biomet Holdings
- Westinghouse Air Brake Technologies
- Zoetis
- Packaging Corp. of America
- LPL Financial Holdings
- T. Rowe Price
- Fortune Brands Home & Security
- Casey’s General Stores
- A-Mark Precious Metals
- Hess
- Vertex Pharmaceuticals
- KeyCorp
- Chipotle Mexican Grill
- CMS Energy
- Arconic
- Taylor Morrison Home
- American Financial Group
- UGI
- Science Applications International
- Avantor
- Hanesbrands
- Clorox
- KBR
- TravelCenters of America
- Hertz Global Holdings
- Analog Devices
- Securian Financial Group
- Darden Restaurants
- Graphic Packaging Holding
- NCR
- Brighthouse Financial
- PPL
- Cintas
- Xerox Holdings
- Rockwell Automation
- Citizens Financial Group
- KLA
- Camping World Holdings
- Ingredion
- Veritiv
- Beacon Roofing Supply
- Diamondback Energy
- Victoria’s Secret
- Academy Sports and Outdoors
- Sanmina
- ON Semiconductor
- Commercial Metals
- EnLink Midstream
- Southwestern Energy
- Equinix
- Dillard’s
- Regions Financial
- Yum Brands
- Landstar System
- CF Industries Holdings
- Northern Trust
- Robert Half International
- Compass
- Hasbro
- Roper Technologies
- ARKO
- Frontier Communications
- Ameren
Is There a Fortune 1000 List?
Yes, there is. The popular magazine Fortune maintains an annual ranking of the 1000 biggest American corporations known as the Fortune 1000. According to revenue from core activities, discounted operations, and consolidated subsidiaries, Fortune rates the qualified corporations.
How Many Companies Are in the Fortune 1000?
According to the American business magazine Fortune, the Fortune 1000 is a list of the top 1,000 American firms by revenue.
Is Amazon a Fortune 1000?
Yes, one of the Big Five, or the five biggest and most dominating technology corporations in the United States is Amazon.com. As millions of Americans were placed under lockdown during the coronavirus pandemic, the demand for Amazon’s shipping services increased significantly.
How Big Is Fortune 1000?
The Fortune 1000 is a list of the top 1,000 American corporations based on revenue, as compiled by the American business magazine Fortune.
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