US Fortune 500: During COVID-19

Recently the revised list of Fortune companies in the US for the year 2020 was published. Not much of the last quarter that ended on 31st March 2020 was under the COVID-19 restrictions. The real impact of the pandemic is yet to reflect in the numbers.

Break-up of Fortune 500 by sectors

Composition of companies by sectors in the fortune 500 remained almost the same as the last year. Financials, Energy and Retailing are the top sectors represented by 40% of the fortune 500. The list has 14 new entrants this year including 6 companies from Financials sector.

Others include Hotels, Restaurants & Leisure, Media, Telecommunications, Apparel and Food & Drug Stores.

Revenues generated by the Fortune 500 companies in 2020

Total revenues generated by the Fortune 500 companies in the US in the FY 2020 rose by 3.1% to USD14.14 trillion from USD13.72 trillion in FY 2019. These companies employed over 29 million people during the fiscal, almost half a million more than the last fiscal.

Change in sector-wise contribution

During the year, contribution to the total revenues of the US Fortune 500 by the Healthcare sector companies increased by more than USD 225 billion, followed by Financials and Retailing, as compared to last fiscal. The maximum negative change in the contribution was by the Energy sector with a decrease in revenues by more than USD 100 billion.

Change in total revenues by sectors in FY'20 over the last year, in USD billion

In total, 339 out of these 500 or almost 68% of these companies posted a positive growth in the revenues during FY'20. Also, 439 or 87.8% of the Fortune 500 were profitable during the period, as compared to 455 or 91.0% during the last fiscal.

Fortune 500 companies with change in revenues over the last year, in %

Sector-wise revenue per employee, in USD thousands

During FY'20, the trend in revenues generated per employee by sectors remained similar to that in FY'19, and did not see any significant change. The average revenue generated by the employees of Fortune 500 companies was $ 484,676 in FY'20 slightly more as compared to $ 478,348 in FY'19.

Sector-wise top two companies

Aerospace and Defense (Company, Revenues, Number of Employees)

• Raytheon Technologies, $77,046 million, 243,200

• Boeing, $76,559 million, 161,100

Apparel

• Nike, $39,117 million, 76,700

• VF, $13,871 million, 75,000

Business Services

• Visa, $22,977 million, 19,500

• Manpower Group, $20,864 million, 28,000

Chemicals

• Dow, $42,951 million, 36,500

• 3M, $32,136 million, 96,163

Energy

• Exxon Mobil, $264,938 million, 74,900

• Chevron, $146,516 million, 48,200

Engineering & Construction

• Lennar, $22,260 million, 10,106

• AECOM, $20,173 million, 86,000

Financials

• Berkshire Hathaway, $254,616 million, 391,500

• JPMorgan Chase, $142,422 million, 256,981

Food & Drug Stores

• Walgreens Boots Alliance, $136,866 million, 287,000

• Kroger, $122,286 million, 435,000

Food, Beverage & Tobacco

• PepsiCo, $67,161 million, 267,000

• Archer Daniels Midland, $64,656 million, 38,100

Healthcare

• CVS Health, $256,776 million, 290,000

• United Health Group, $242,155 million, 325,000

Hotels, Restaurants & Resorts

• Starbucks, $26,509 million, 346,000

• McDonald's. $21,077 million, 205,000

Household Products

• Procter & Gamble, $67,684 million, 97,000

• Kimberly-Clark, $18,450 million, 40,000

Industrials

• General Electric, $95,214 million, 205,000

• Caterpillar, $53,800 million, 102,300

Materials

• Nucor, $22,589 million, 26,800

• International Paper, $22,376 million, 51,000

Media

• Walt Disney, $69,570 million, 223,000

• ViacomCBS, $27,812 million, 26,280

Motor Vehicles & Parts

• Ford Motor, $155,900 million, 190,000

• General Motors, $137,237 million, 164,000

Retailing

• Walmart, $523,964 million, 2,200,000

• Amazon.com, $280,522 million, 798,500

Technology

• Apple, $260,174 million, 137,000

• Alphabet, $161,857 million, 118,899

Telecommunication

• AT&T, $181,193 million, 247,800

• Verizon Communications, $131,868 million, 135,000

Transportation

• United Parcel Service, $74,094 million, 377,640

• FedEx, $69,693 million, 389,500

Wholesalers

• Sysco, $60,114 million, 69,000

• Tech Data, $36,998 million, 15,000

For a brief analysis of the US Fortune 500 companies, FY'19, before COVID-19, check out - US Fortune 500: Before COVID-19

The above analysis is based on the information referred from the official site of Fortune 500. For more information, check out Fortune 500.

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