On the whole, the threshold for this years listing is slightly higher than last years, at $5.66 billion. The total revenue of all the 500 companies on the list reached $14.2 trillion, an increase of more than 3.5% over last year, equivalent to two-thirds of the GDP of the United States that year. In 2019, the total profits of the largest U.S. companies reached $1.2 trillion, an increase of nearly 8% compared with last year. (scan the QR code at the end of the article, open the fortune app, and view the subsidiary list of the top 500 most profitable companies in the United States)
For the eighth year in a row, Wal Mart topped this years list, generating $4 trillion in cumulative revenue. Its worth noting that Amazon, which made the list for the first time in 2002, jumped to second place - so it seems that the two largest companies in the United States are from the retail and Internet e-commerce industries. ExxonMobil, an oil and gas producer, was third.
Apple, which made its debut in 1983, fell out of the top three this year to fourth place. As sales in China fell, the iPhone makers total revenue fell 2% and profits fell 7%. At the same time, as the most profitable company among the top 500 companies in the United States last year, Apple was replaced by Berkshire Hathaway this year. Buffetts company set a new annual profit record in 2019 - a profit of $81.42 billion, double the previous high - in 2017 and 20 times the companys profit in 2018. (Note: the profit fluctuation is related to the change of GAAP in 2018.)
In terms of profitability, apple ranked second in the profit list, with the exception of Berkshire Hathaway; Microsofts profits soared 136.8% , become the third. Technology and finance remain the most profitable sectors, with nine of the top ten companies coming from both sectors.
By contrast, 60 of the companies on the list are unprofitable, up 15 from last year. Uber, the new company on the list this year, has the biggest loss, with a loss of 8.51 billion US dollars. Pacific Gas and power ranked second with a loss of $7.66 billion. (scan the QR code at the end of the article, open fortune app, and view the subsidiary list of top 500 loss making companies in the United States)
Here are some highlights of this list:
u00b7The total number of employees in the top 500 of the United States is 29.19 million, an increase of 510000 over last year. Per capita revenue rose 1.9% to US $487000, while per capita profit rose 5.8% to US $42000.
u00b7Except apple, the three AAA technology giants in the United States all rose in the rankings, with alphabet, the parent company of Google, rising from 15th to 11th; Amazon, rising from 5th to the top.
u00b7Uber was ranked 228Th on the list for the first time.
u00b7Facebooks revenue rose 27% to rank 46th in the top 50.
u00b7Googles parent company, alphabet, saw revenue rise to $162 billion, the 11th highest ever.
u00b7Tesla, which set up a factory in Shanghai last year, rose 20 places to 124th.
u00b7Yum China, led by Qu Cuirong, rose 1 place to 361.
u00b7NVIDIA, run by another Chinese, Huang Renxun, slipped 24 places to 292.
u00b7There are 37 female CEOs on the list this year, four more than last year - the largest number of female CEOs in the history of the Fortune 500.
u00b7Of the 500 largest companies in the United States, 14 are still founders.
u00b7The top 50 Fortune 500 companies account for nearly half of the total revenue and profits.
u00b7The retail, utility and insurance industries have the largest number of top 500 companies in the United States.
u00b7The average age of the top 500 companies in the United States is 83. Two of the companies on the list were founded in the 18th century.
u00b7Both general electric (33rd) and Boeing (40th) are down 12 places from a year ago, both at record lows.
The complete list is as follows:
Source: Qiao JunJing, editor in charge of fortune Chinese network