One addition, one departure among state firms on Fortune 500
Published
Virginia has 21 companies on the Fortune 500 this year, the same number as last year.
But that doesn’t mean the Virginia lineup is unchanged.
Fortune magazine annually ranks the nation’s largest publicly traded companies based on their revenue.
New to the Fortune list this year is Herndon-based Beacon Roofing Supply.
The company posted $6.4 billion in revenue last year, an increase of 46.6% from 2017.
That boost in revenue landed Beacon the No. 464 spot on the Fortune list.
Beacon becomes the 10th Fortune 500 company based in Fairfax County.
While Beacon has joined the group of Virginia companies on the Fortune list, another has departed.
Advance Auto Parts, founded by Arthur Taubman in Roanoke in 1932, moved its headquarters to Raleigh, N.C., last year
The company ranked No. 317 on the Fortune list last year. It was the 13th largest publicly traded company in Virginia.
This year, as a North Carolina company, Advance was ranked 326th.
A similar shift will take place when Norfolk Southern moves its headquarters to Atlanta, a decision announced late last year.
One Fairfax County-based company, DXC Technology, rose from No. 374 on the Fortune list last year to No. 122 in this year's ranking.
The company, founded in a 2016 merger, saw its revenue rise 222,8% last year to reach $24.6 billion.
Overall, 13 of Virginia’s Fortune 500 companies are based in Northern Virginia, seven are in the Richmond area, and three are in Hampton Roads.
Here is a rundown of the Virginia Fortune 500 companies on the 2019 list
No. 40: Freddie Mac, McLean, down from No. 38 in 2018, $73.6 billion in 2018 revenue, down 1.43%
No. 92: General Dynamics, Falls Church, up from 99, $36.2 billion, up 16.9%.
No. 98: Capital One Financial, McLean, up from 101, $32.4 billion, up 7.9%
No, 108: Northrop Grumman, Falls Church, up from 118, $30.1 billion, up 16.6%
No. 122: DXC Technology, Tysons, up from 374, $24.6 billion, up 222.8%
No. 135: Dollar Tree, Chesapeake, down from 134, $22.8 billion, up 2.6%
No. 162: Altria Group, Henrico County, down from 154, $19.6 billion, up 0.7%
No. 174: CarMax, Henrico County, rank unchanged, $17.98 billion, up 8.1%
No. 176: Performance Food Group, Goochland County, down from 171, $17.6 billion, up 5.1%
No. 238: Dominion Energy, Richmond, down from 233, $13.4 billion, up 6.2%
No. 277: Norfolk Southern, Norfolk, up from 284, $11.5 billion, up 8.6%
No. 296: AES, Arlington, down from 214, $10.7 billion, down 22.5%
No. 311: Leidos Holdings, Reston, up from 292, $10.2 billion, up 0.2%
No. 317: Owens & Minor, Mechanicsville, up from 318, $9.8 billion, up 5.6%
No. 345: Hilton Worldwide Holdings, McLean, down from 324, $8.9 billion, down 2.6%
No. 360: Genworth Financial, Henrico County, down from 348, $8.4 billion, up 1.6%
No. 371: Huntington Ingalls Industries, Newport News, up from 381, $8.2 billion, up 9.9%
No. 424: NVR, Reston, up from 444, $7.2 billion, 13.7%
No. 441: Markel, Henrico County, up from 464, $6.8 billion, up 12.9%
No. 464: Beacon Roofing Supply, Herndon, up from 569, $6.4 billion, up 46.6%
No. 475: Booz Allen Hamilton, McLean, up from 482, $6.2 billion, up 6.3 percent