Virginia Fortune 500 companies fall in rankings
- June 4, 2014
Sixteen of Virginia’s 22 companies on the Fortune 500 fell in rank from last year.
Four companies rose on list, and two were unchanged.
New to the Fortune 500 this year was Hilton Worldwide Holdings, based in McLean, which went public in December. The company is involved in the ownership, leasing, management, development, and franchising of hotels, resorts and timeshare properties.
Another new name on the list is Leidos Holdings Inc., based in Reston, a successor to former Fortune 500 company SAIC Inc. Leidos was formed last year when SAIC, a major government and defense contractor, was divided into two parts — Leidos and a smaller company also called SAIC.
Dropping off the list this year was McLean-based Exelis Inc., the former defense division of ITT Corp.
The four companies moving up the list were Capital One Financial Corp., CarMax Inc., Dollar Tree Inc. and Advance Auto Parts Inc.
The two companies maintaining the same rank as last year were AES Corp. and Norfolk Southern Corp.
Twelve of the 22 companies showed an increase in revenue last year while the remaining 10 showed declines.
Here is a rundown of the Virginia companies on the list:
Freddie Mac, McLean, No. 32, down from No. 31, 2013 revenue of $81.2 billion, up 0.7 percent
General Dynamics, Falls Church, No. 99, down from No. 98, $31.2 billion, down 0.9 percent
Northrop Grumman, Falls Church, No. 122, down from No. 120, $24.7 billion, down 2.2 percent
Capital One Financial, McLean, No. 124, up from No. 127, $24.2 billion, up 1.7 percent
Altria Group, Richmond, No. 161, down from No. 159, $17.7 billion, up 0.9 percent
AES, Arlington, No. 174, down from No. 153, $16.6 billion, down 8.9 percent
Computer Sciences Corp. (CSC), Falls Church, No. 185, down from No. 176, $15.4 billion, down 3.1 percent
Dominion Resources, Richmond, No. 212, down from No. 210, $13.4 billion, up 2.1 percent
Smithfield Foods, Smithfield, No. 214, down from 213, $13.2 billion, up 1 percent
CarMax, Richmond, No. 240, up from No. 259, $11.5 billion, up 9.6 percent
Norfolk Southern, Norfolk, No. 247, unchanged, $11.2 billion, up 1.9 percent
Hilton Worldwide Holdings, McLean, No. 289, new listing, $9.7 billion, up 4.9 percent
Genworth Financial, Richmond, No. 291, down from No. 271, $9.6 billion, down 4.1 percent
Owens & Minor, Mechanicsville, No. 303, down from 297, $9 billion, up 1.8 percent
Dollar Tree, Chesapeake, No. 342, up from No. 346, $7.8 billion, up 6 percent
Huntington Ingalls Industries, Newport News, No. 382, down from No. 380, $6.8 billion, up 1.7 percent
Advanced Auto Parts, Roanoke, No. 402, up from No. 409, $6.5 billion, up 4.7 percent
Leidos Holdings, Reston, No. 442, down from 240 (as SAIC), $5.8 billion, down 48.5 percent
Booz Allen Hamilton, McLean, No. 443, down from No. 436, $5.8 billion, down 1.7 percent
MeadWestvaco, Richmond, No. 457, down from No. 448, $5.5 billion, down 0.9 percent
Gannett, McLean, No. 481, down from No. 467, $5.2 billion, down 3.6 percent
NII Holdings, Reston, No. 495, down from No. 421, $4.98 billion, down 18.2 percent