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
Nike, $39,117 million, 76,700
VF, $13,871 million, 75,000
Visa, $22,977 million, 19,500
Manpower Group, $20,864 million, 28,000
Dow, $42,951 million, 36,500
3M, $32,136 million, 96,163
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
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
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
Procter & Gamble, $67,684 million, 97,000
Kimberly-Clark, $18,450 million, 40,000
General Electric, $95,214 million, 205,000
Caterpillar, $53,800 million, 102,300
Nucor, $22,589 million, 26,800
International Paper, $22,376 million, 51,000
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
Walmart, $523,964 million, 2,200,000
Amazon.com, $280,522 million, 798,500
Apple, $260,174 million, 137,000
Alphabet, $161,857 million, 118,899
AT&T, $181,193 million, 247,800
Verizon Communications, $131,868 million, 135,000
United Parcel Service, $74,094 million, 377,640
FedEx, $69,693 million, 389,500
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.
For a detailed, customized company profile, research reports, please submit your requirements below.