Walmart topped the Fortune 500 record for the thirteenth straight yr, however second-place Amazon is closing the hole, in accordance with the journal’s newest annual rankings.
Walmart secured the No. 1 spot on Fortune’s 2025 rankings with income of $681 billion, adopted by Amazon at $638 billion — the narrowest hole ever between the 2 retail giants, Fortune stated.
UnitedHealth Group, Apple and CVS Well being additionally ranked amongst Fortune’s high 5 U.S. firms by income for the 2024 fiscal yr.
“The Fortune 500 is a literal roadmap to the rise and fall of markets, a reliable playbook of the world’s most important regions, services, and products, and an indispensable roster of those companies’ dynamic leaders,” Anastasia Nyrkovskaya, Fortune CEO, stated in a launch.
Retailers, utilities, and insurance coverage firms led all industries with probably the most firms on the record, however the well being care sector additionally stood out.
Eight well being care firms made the highest 25 this yr, up from none 30 years in the past, Fortune stated.
Collectively, Fortune 500 firms symbolize two-thirds of the U.S. GDP, producing $19.9 trillion in revenues, in accordance with the journal. They posted a file $1.87 trillion in earnings final yr.
For the second yr in a row, California is residence to probably the most Fortune 500 firms, with a complete of 58, adopted by Texas (54) and New York (53).
The share of feminine CEOs additionally hit a brand new milestone this yr, with 55 ladies main Fortune 500 firms — the best proportion within the record’s historical past at 11 p.c.
The highest 10 U.S. firms, ranked by FY 2024 income, in accordance with Fortune:
Walmart ($681 billion)
Amazon ($638 billion)
UnitedHealth Group ($400 billion)
Apple ($391 billion)
CVS Well being ($373 billion)
Berkshire Hathaway ($371 billion)
Alphabet ($350 billion)
Exxon Mobil ($350 billion)
McKesson ($309 billion)
Cencora ($294 billion)
