34 Va. companies make 2022 Fortune 1000 list

21 companies make Fortune 500, including Richmond's Arko Corp.

Published May 23, 2022 by Richard Foster

Thirty-four Virginia-based companies made Fortune magazine’s 68th annual Fortune 1000 list, which was released Monday. The list ranks the 1,000 largest United States corporations by total revenue, including public companies and private companies for which revenue information is available.

Twenty-one companies made the elite Fortune 500 list, including Richmond-based convenience retail holding company Arko Corp., which debuted this year on the Fortune 500 at No. 498. Arko is the parent company of Richmond-based GPM Investments LLC. One of the nation’s largest convenience store chains, GPM’s brands include Fas Mart and E-Z Mart. Earlier this year, Arko completed its 21st acquisition since 2013. Arko has business across more than 3,000 locations, with 1,396 company-operated stores as well as 1,625 dealer sites for which it supplies fuel.

“We’re incredibly proud to be named to this year’s Fortune 500 list, an important confirmation that our growth strategy, disciplined investment approach, and our people continue to deliver excellent results,” said Arko Chairman, President and CEO Arie Kotler in a statement. “This is a significant achievement since joining NASDAQ less than two years ago, and a testament to our continued success. We will continue to drive growth and execute our strategy to deliver long-term value for our stakeholders.”

Last year, Virginia had 39 companies on the Fortune 1000, including 22 in the top 500. 

Notably, following its late 2021 move to Atlanta, No. 332-ranked railroad corporation Norfolk Southern is no longer a Virginia-based company. Similarly, Chantilly-based publicly traded defense contractor Perspecta Inc,, which ranked No. 575 last year, was acquired by the privately held federal contractor Peraton Inc. in May 2021 and is no longer on the list. Federal contractor CACI International Inc., which debuted on the 2021 Fortune 500 at No. 473, was ranked at No. 522 this year, falling 49 places. 

The only companies that moved up on the Fortune 500 this year were Goochland County-based Performance Food Group, a food products distributor that moved up two slots to No. 112, and Henrico County insurance company Markel, which moved up 22 places to No. 289. Several companies tumbled significantly lower down the list, including Henrico-based insurer Genworth Financial, which fell 86 places to No. 434, and Richmond utility Dominion Energy, which slid 64 slots to No. 257. McLean-based global hotelier Hilton Worldwide Holdings Inc., which fell off the Fortune 500 last year as it endured major revenue losses during the pandemic, rose from No. 598 last year to No. 536 on this year’s list.

Nine of this year’s 21 Virginia Fortune 500 companies are based in Fairfax County.

These are the Virginia-based companies that made the 2022 Fortune 1000 list, in order of ranking:

56) Federal Home Loan Mortgage Corp.  (“Freddie Mac”), McLean

94) General Dynamics Corp., Falls Church 

101) Northrop Grumman Corp., Falls Church

108) Capital One Financial Corp., McLean

112) Performance Food Group Co., Goochland County

137) Dollar Tree Stores Inc., Chesapeake

165) Altria Group Inc., Henrico County

174) CarMax, Goochland County

207) DXC Technology, Ashburn

257) Dominion Energy Inc., Richmond

274) Leidos Holdings Inc., Reston

289) Markel Corp., Glen Allen

333) AES Corp., Arlington

361) Owens & Minor Inc., Mechanicsville

370) Huntington Ingalls Industries, Newport News

389) NVR Inc., Reston

434) Genworth Financial, Henrico County

436) Booz Allen Hamilton Holding Corp., McLean

456) Science Applications International Corp., Reston

478) Beacon Roofing Supply, Herndon

498) Arko Corp., Richmond

522) CACI International Inc., Reston

538) Hilton Worldwide Holdings Inc., McLean

663) ASGN Inc., Glen Allen

667) Maximus Inc., Reston

675) Brink’s Co., Henrico County

733) Parsons Corp., Centreville

801) Gannett, McLean

804) Graham Holdings Co., Arlington

832) Tegna Inc., McLean

915) ManTech International Corp., Herndon

947) NewMarket Corp., Richmond

960) AvalonBay Communities Inc., Arlington

995) BWX Technologies Inc., Lynchburg

CORRECTION: An earlier version of this story incorrectly stated that 35 Virginia-based companies made the 2022 Fortune 1000 list; only 34 companies from Virginia made the list this year. 

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