Virginia’s Fortune 500 list increases to 21 companies
Virginia has increased its number of Fortune 500 companies.
The commonwealth now has 21 companies on the list, up from 19 last year.
The list, compiled by Fortune magazine, ranks the top publicly traded companies in the U.S. based on gross revenue.
Freddie Mac remained the top Virginia-based company on the list at No. 43, down from No. 42 last year. It reported almost $63.5 billion in revenue last year.
Dollar Tree jumped 150 spots to No. 180. The Chesapeake-based company bought Family Dollar last year for $9.1 billion.
WestRock made its debut at No. 251. The Virginia-based company is the result of a merger between Georgia-based RockTenn and Richmond-based MeadWestvaco that was completed last year. MeadWestvaco was No. 464 last year.
Markel (No. 476), a Glen Allen-based specialty and small business insurer, also is a newcomer. The company, which became publicly traded 30 years ago, had $5.4 billion in revenue in 2015.
Two companies also made comebacks. Richmond-based Performance Food Group was No. 185 with $15.3 billion in revenue in 2015. The foodservice distributor was last on the Fortune 500 list in 2007 before it became a private company.
After falling off the list during the Great Recession, Reston-based NVR returned to the list at No. 498. The company, which operates homebuilding and mortgage banking businesses in 15 states, had revenue of $5.2 billion last year.
McLean-based Tegna was absent from the ranking. The company is the broadcast television and digital media arm of Gannett, which ranked No. 441 on last year’s Fortune 500 list. Gannett’s publishing and broadcasting divisions became two separate, publicly traded companies.
The companies on this year’s list were:
Freddie Mac, McLean, No. 43, down from No. 42, 2015 revenue of $63.5 billion, down 8.5 percent
General Dynamics, Falls Church, No. 88, up from No. 100, revenue of $31.5 billion, up 2 percent
Capital One Financial, McLean, No. 112, up from No. 126, revenue of $25 billion, up 5.1 percent
Northrop Grumman, Falls Church, No. 118, up from No. 124, revenue of $23.5 billion, down 1.9 percent
Altria Group, Richmond, No. 149, up from No. 169, revenue of $18.9 billion, up 5.1 percent
Dollar Tree, Chesapeake, No. 180, up from No. 330, revenue of $15.5 billion, up 80.2 percent
Performance Food Group, Richmond, No. 185, revenue of $15.3 billion, up 11.6 percent
AES, Arlington, No. 190, down from No. 178, revenue of $15 billion, down 13.9 percent
CarMax, Richmond, No. 191, up from No. 232, revenue of $14.9 billion, up 13.3 percent
Computer Sciences Corp. (CSC), Falls Church, No. 233, down from 229, revenue of $12.2 billion, down 7.9 percent
Dominion Resources, Richmond, No. 243, no change, revenue of $11.7 billion, down 6.1 percent
WestRock, Richmond, No. 251, revenue $11.4 billion, up 15 percent (MeadWestvaco, No. 464 in 2015, was a predecessor company.)
Hilton Worldwide Holdings, McLean, No. 254, up from No. 280, revenue of $11.3 billion, up 7.3 percent
Norfolk Southern, Norfolk, No. 270, down from No. 256, revenue of $10.5 billion, down 9.6 percent
Owens & Minor, Mechanicsville, No. 291, up from No. 309, revenue of $9.8 billion, up 3.5 percent
Advance Auto Parts, Roanoke, No. 293, up from 294, revenue of $9.7 billion, down 1.1 percent
Genworth Financial, Richmond, No. 306, down from No. 304, revenue of $9.2 billion, down 3.3 percent
Huntington Ingalls Industries, Newport News, No. 378, up from No. 390, revenue $7 billion, up .9 percent
Markel, Glen Allen, No. 476, revenue of $5.4 billion, up 4.6 percent
Booz Allen Hamilton, McLean, No. 487, down from No. 475, revenue of $5.3 billion, down 3.7 percent
NVR, Reston, No. 498, revenue of $5.2 billion, up 16.1 percent
Dollar Tree photo by Mark Rhodes