Fortune 500 Companies 2020 - Comparing Profits by Industry - Fortune

15/06/2020 Fortune 500 companies 2020: Comparing proﬁts by industry | Fortune
How the profits of Fortune 500 companies

stack up in one chart
A graphic breakdown of the companies—led by Berkshire Hathaway and Apple—that
earned the most. Plus, the top performers in sales growth, stock returns, and more.
BY F O R T U N E E D I TO R S A N D N I C O L A S R A P P
J u n e 1 1 , 2 0 2 0 5 : 3 0 P M G M T+ 5 : 3 0
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire
Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia on Saturday, May 2, 2020.
ANDREW HARRER—BLOOMBERG VIA GETTY IMAGES
It was another very profitable year for Warren Buffett. His Berkshire Hathaway
led the Fortune 500 with $81.4 billion in profits, though that figure comes with a
https://fortune.com/longform/fortune-500-companies-proﬁts-compare-2020-chart-data/ 1/33
footnote: U.S. accounting rules forced Berkshire to count some $54 billion in
gains from its stock holdings as net income. Overall, the Fortune 500 earned
$14.2 trillion last year—an all-time record. The graphic below shows the size of
the profit (or loss) for every company on this year’s 500. And in the tables that
follow we break down the fastest-growing companies on the list, those that use
their capital most efficiently, and the ones that have provided the best returns to
investors.
5
Fast growers of the 500

While auto safety supplier Autoliv is technically a U.S. company, the 10-year
profit champion seatbelt and airbag maker is based in Stockholm. Salesforce.com
continues to ride the growth of the cloud-computing market, which is set to hit
$330 billion in 2020. Electric-car leader Tesla, meanwhile, has yet to make an
annual profit, but its sales have risen sevenfold in five years to $25 billion.
Growth in profits, 1 year
Rank Company 500 revenues 2019 % growth in

rank EPS
1 CISCO SYSTEMS 63 12,950.0
2 ALLEGHANY 351 2,166.8
3 BERKSHIRE HATHAWAY 6 1,937.1
4 NRG ENERGY 324 1,832.2
5 NETAPP 478 1,510.7
6 ALTICE USA 327 600.0
7 CINCINNATI FINANCIAL 400 591.4
8 BECTON DICKINSON 187 556.7
9 NEWMONT 328 495.3
10 DAVITA 230 472.8
11 CARDINAL HEALTH 16 459.3
12 JACOBS ENGINEERING 206 419.7

GROUP
13 MGM RESORTS 249 379.0

INTERNATIONAL
14 XEROX HOLDINGS 347 320.3
15 JABIL 121 269.4
16 DISCOVERY 287 234.9
17 ORACLE 82 230.0
18 JETBLUE AIRWAYS 394 218.3
19 ELI LILLY 145 184.0
20 OLD REPUBLIC 427 183.1

INTERNATIONAL
The 500 median 5.1
Growth in profits, 5 years
Rank Company 500 2014–19 % annual

revenues growth in EPS
rank
1 HD SUPPLY HOLDINGS 478 166.9
2 NRG ENERGY 324 135.9
3 EBAY 295 120.6
4 ADOBE 285 62.5
5 BUILDERS 425 60.2

FIRSTSOURCE
6 DELTA AIR LINES 68 56.4
7 MOLINA HEALTHCARE 193 54.8
8 BURLINGTON STORES 424 51.4
9 BANK OF AMERICA 25 50.2

CORP.
10 NETFLIX 164 46.3
11 BROADCOM 138 45.4
12 REGENERON 405 44.0

PHARMACEUTICALS
13 BERRY GLOBAL GROUP 358 42.5
14 FACEBOOK 46 42.4
15 MARKEL 335 42.1
16 ABBVIE 99 36.9
17 STEEL DYNAMICS 299 35.3
18 INTL FCSTONE 100 35.0
19 BERKSHIRE 6 32.7
HATHAWAY
20 STRYKER 214 32.5
The 500 median 9.9
Growth in profits, 10 years

revenues growth in EPS
rank
1 AUTOLIV 369 46.0
2 KROGER 23 43.5
3 SOUTHWEST 141 41.8

AIRLINES
4 CBRE GROUP 128 41.2
5 BORGWARNER 312 41.2
6 LITHIA MOTORS 252 39.7
7 L3HARRIS 250 39.6

TECHNOLOGIES
8 HOLLYFRONTIER 184 37.2
9 RUSH ENTERPRISES 492 37.2
10 ASBURY AUTOMOTIVE 428 37.0

GROUP
11 PACCAR 118 36.3
12 ACTIVISION 463 36.0

BLIZZARD
13 ULTA BEAUTY 418 33.8
14 XPO LOGISTICS 196 33.4
15 CARMAX 173 33.3
16 NETAPP 478 33.0
17 ROBERT HALF 482 32.2

INTERNATIONAL
18 VIACOMCBS 111 32.1
19 FOOT LOCKER 397 31.1
20 CAPITAL ONE 97 31.0

FINANCIAL
The 500 median 10.5
Growth in revenues, 1 year
Rank Company 500 2019 % growth in

revenues revenues
rank
1 CIGNA 13 215.7
2 ANDERSONS 390 168.3
3 UNITED NATURAL FOODS 133 129.6
4 L3HARRIS TECHNOLOGIES 250 108.0
5 VIACOMCBS 111 91.6
6 WESTINGHOUSE AIR BRAKE 388 87.9

TECH.
7 COMMSCOPE HOLDING 381 82.7
8 FISERV 311 74.9
9 KKR 349 74.6
10 KEURIG DR PEPPER 288 49.4
11 TENNECO 185 48.3
12 CINCINNATI FINANCIAL 400 46.5
13 NGL ENERGY PARTNERS 127 39.4
14 MARKEL 335 39.2
15 SCIENCE APPLICATIONS 466 36.9

INTERNATIONAL
16 WAYFAIR 348 34.6
17 NEWMONT 328 34.3
18 CVS HEALTH 5 32.0
19 ALLEGHANY 351 31.3
20 VISTRA ENERGY 270 29.1
The 500 median 2.9
Growth in revenues, 5 years

revenues growth in revenues
rank
1 TESLA 124 50.4
3 WAYFAIR 348 47.2
4 FACEBOOK 46 41.5
5 CHARTER 71 38.1
COMMUNICATIONS
6 BUILDERS 425 35.3

FIRSTSOURCE
7 CENTENE 42 35.1
8 CIGNA 13 34.5
9 NETFLIX 164 29.6
10 UNITED NATURAL 133 28.2

FOODS
11 JONES LANG LASALLE 179 27.1
12 SALESFORCE.COM 190 26.1
13 AMAZON.COM 2 25.8
14 BEACON ROOFING 434 25.0

SUPPLY
15 LENNAR 147 23.4

PHARMACEUTICALS
17 DOLLAR TREE 131 22.4
18 OLIN 481 22.2
19 ADOBE 285 21.9
20 WESTINGHOUSE AIR 388 21.9

BRAKE TECH.
The 500 median 4.0
Growth in revenues, 10 years
Rank Company 500 2009–19 % annual growth

revenues in revenues
rank
1 CENTENE 42 33.2
2 SALESFORCE.COM 190 29.3
3 NETFLIX 164 28.3
4 AMAZON.COM 2 27.6
5 ENERGY TRANSFER 59 25.9
6 LAM RESEARCH 331 24.1
7 CIGNA 13 23.6
8 ALLEGHANY 351 22.5
9 JONES LANG 179 21.9

LASALLE
10 LENNAR 147 21.7
11 APPLE 4 21.7
12 ALPHABET 11 21.2
13 UNITED NATURAL 133 21.1

FOODS
14 CHARTER 71 21.1
COMMUNICATIONS
16 WESTROCK 177 20.6
17 BOOKING 210 20.5

HOLDINGS
18 LKQ 257 19.7
19 CBRE GROUP 128 19.1
20 THOR INDUSTRIES 404 17.9
The 500 median 5.3
Bringing in the bucks

Apple was knocked out of the top spot in profits after a five-year reign, but the
iPhone maker earned more than $50 billion in net income for the third time in
five years, for a total of $262 billion over that span. Elsewhere, Visa and
Mastercard charged to the top in profit efficiency. And NGL Energy Partners
racked up the most revenues per employee.
Profits
Rank Company 500 revenues 2019 $

rank millions
2 APPLE 4 55,256.0
3 MICROSOFT 21 39,240.0
4 JPMORGAN CHASE & CO. 17 36,431.0
5 ALPHABET 11 34,343.0
6 BANK OF AMERICA CORP. 25 27,430.0
7 INTEL 45 21,048.0
8 WELLS FARGO 30 19,549.0
9 CITIGROUP 31 19,401.0
10 VERIZON 20 19,265.0
COMMUNICATIONS
11 FACEBOOK 46 18,485.0
12 PFIZER 64 16,273.0
13 JOHNSON & JOHNSON 35 15,119.0
14 WALMART 1 14,881.0
15 EXXON MOBIL 3 14,340.0
16 FANNIE MAE 24 14,160.0
17 AT&T 9 13,903.0
18 UNITEDHEALTH GROUP 7 13,839.0
19 COMCAST 28 13,057.0
20 VISA 137 12,080.0
The 500 median 889.5
Return on revenues
Rank Company 500 2019 profits as % of

revenues revenues
rank
1 VISA 137 52.6
2 MASTERCARD 191 48.1
4 BOSTON SCIENTIFIC 296 43.8
5 CONSTELLATION 392 42.3

BRANDS
6 BIOGEN 223 41.0
7 ELI LILLY 145 37.3
8 FM GLOBAL 447 36.8
9 TD AMERITRADE 486 36.7

HOLDING
10 SIMON PROPERTY 497 36.5

GROUP
11 TEXAS INSTRUMENTS 222 34.9
12 AMGEN 135 33.6
13 BOOKING HOLDINGS 210 32.3
14 BERKSHIRE HATHAWAY 6 32.0
15 S&P GLOBAL 451 31.7
16 PFIZER 64 31.4
17 CHARLES SCHWAB 271 31.4
18 MICROSOFT 21 31.2
19 BLACKROCK 219 30.8
20 INTERCONTINENTAL 459 29.5

EXCHANGE
The 500 median 6.7
Return on shareholders' equity
Rank Company 500 revenues 2019 profits as % of

rank equity
1 COLGATE-PALMOLIVE 203 2,023.1
2 S&P GLOBAL 451 443.2

3 O'REILLY 314 350.1

AUTOMOTIVE
4 ELI LILLY 145 319.1
6 LOWE'S 44 217.1
7 LOCKHEED MARTIN 57 199.2
8 MARRIOTT 157 181.1

INTERNATIONAL
9 ROCKWELL 452 172.1

AUTOMATION
10 CLOROX 474 146.7
12 UNITED PARCEL 43 135.9

SERVICE
13 NETAPP 478 107.2
14 FANNIE MAE 24 96.9
15 QUALCOMM 126 89.3
17 ILLINOIS TOOL 229 83.3

WORKS
18 SIMON PROPERTY 497 83.2

GROUP
19 BOOKING HOLDINGS 210 82.0
20 AMGEN 135 81.1
The 500 median 13.2
Revenues per dollar of assets
Rank Company 500 revenues rank 2019 $
1 CORE-MARK HOLDING 240 7.0
2 WORLD FUEL SERVICES 91 6.1
3 GLOBAL PARTNERS 246 4.7
4 AMERISOURCEBERGEN 10 4.6
5 MURPHY USA 262 4.5
6 PERFORMANCE FOOD GROUP 168 4.2
8 SPARTANNASH 370 3.8
9 MCKESSON 8 3.6
11 COSTCO WHOLESALE 14 3.4
12 SYSCO 56 3.3
14 C.H. ROBINSON WORLDWIDE 208 3.3
15 DEAN FOODS 421 3.3
16 UNITED NATURAL FOODS 133 3.3
17 WAYFAIR 348 3.1
18 VERITIV 412 3.1
19 GRAYBAR ELECTRIC 415 3.0
20 ALBERTSONS COS. 55 2.9
The 500 median 0.7
Revenues per dollar of equity
Rank Company 500 revenues rank 2019 $
1 COLGATE-PALMOLIVE 203 134.1
4 AK STEEL HOLDING 467 42.0
5 ALBERTSONS COS. 55 41.7
6 ASCENA RETAIL GROUP 473 41.3
7 LOWE'S 44 36.6
8 MARRIOTT INTERNATIONAL 157 29.8
9 GLOBAL PARTNERS 246 28.6
10 MCKESSON 8 26.5
11 O'REILLY AUTOMOTIVE 314 25.5
12 SYSCO 56 24.0
14 UNITED PARCEL SERVICE 43 22.7
15 CORE-MARK HOLDING 240 22.5
16 OWENS & MINOR 332 20.9
18 LOCKHEED MARTIN 57 19.1
19 CDW 178 18.8
20 RITE AID 150 18.3
The 500 median 2.3
Revenues per employee

rank millions
4 FREDDIE MAC 41 10.9
5 VALERO ENERGY 32 10.1
7 PHILLIPS 66 27 7.6
8 PBF ENERGY 125 7.1
9 PLAINS GP HOLDINGS 98 6.7
11 KKR 349 6.6
12 CHENIERE ENERGY 329 6.4
13 EOG RESOURCES 186 6.0
14 NORTHWESTERN 102 5.4

MUTUAL
15 BRIGHTHOUSE 457 4.9

FINANCIAL
16 ENTERPRISE PRODUCTS 101 4.5
17 REINSURANCE GROUP 225 4.5
18 ENLINK MIDSTREAM 483 4.5
19 CALPINE 319 4.5
20 HOLLYFRONTIER 184 4.3
The 500 median 0.6
Shareholders win big with Big Tech

Microsoft wasn’t the first technology behemoth to surge past $1 trillion in market
value over the past couple of years. (Apple and Amazon each got there first.) But
the software and cloud giant landed on top in market capitalization for a second
straight year, wowing investors with its $39 billion profits, while Facebook
jumped into the top five. Also, for a second year in a row, Netflix took the crown
for best 10-year stock return in the Fortune 500.
Biggest companies by market value
Rank Company 500 revenues 3/31/20 $

rank millions
1 MICROSOFT 21 1,199,549.7
2 APPLE 4 1,112,640.8
3 AMAZON.COM 2 970,680.1
4 ALPHABET 11 798,905.3
5 FACEBOOK 46 475,455.2
7 JOHNSON & JOHNSON 35 345,704.9
8 WALMART 1 321,803.3
9 VISA 137 316,199.1
11 PROCTER & GAMBLE 50 271,639.8
12 MASTERCARD 191 242,794.1
13 UNITEDHEALTH GROUP 7 236,555.2
14 INTEL 45 231,661.9
15 VERIZON 20 222,220.0
COMMUNICATIONS
16 AT&T 9 209,387.5
17 HOME DEPOT 26 200,665.0
18 MERCK 69 195,140.5
19 COCA-COLA 88 189,983.0
The 500 median 12,483.1
Biggest companies by equity

rank millions
4 ALPHABET 11 201,442.0
5 CITIGROUP 31 193,242.0
6 EXXON MOBIL 3 191,650.0
7 WELLS FARGO 30 187,146.0
8 AT&T 9 184,221.0
9 CHEVRON 15 144,213.0
10 STATE FARM INSURANCE 36 116,231.9

COS.
11 MICROSOFT 21 102,330.0
12 FACEBOOK 46 101,054.0
13 APPLE 4 90,488.0
14 GOLDMAN SACHS GROUP 60 90,265.0
15 WALT DISNEY 49 88,877.0
16 COMCAST 28 82,726.0
17 MORGAN STANLEY 61 81,549.0
18 INTEL 45 77,504.0
19 WALMART 1 74,669.0
20 TRUIST FINANCIAL 217 66,384.0
The 500 median 6,128.4
Biggest companies by employees
Rank Company 500 2019 number of

revenues employees
rank
1 WALMART 1 2,200,000
2 AMAZON.COM 2 798,000
3 YUM CHINA HOLDINGS 361 450,000
4 KROGER 23 435,000
5 HOME DEPOT 26 415,700
6 BERKSHIRE HATHAWAY 6 391,500
7 FEDEX 47 389,500
8 INTERNATIONAL BUSINESS 38 383,800

MACHINES
9 UNITED PARCEL SERVICE 43 377,640
10 TARGET 37 368,000
11 STARBUCKS 114 346,000
12 UNITEDHEALTH GROUP 7 325,000
13 COGNIZANT TECHNOLOGY 194 292,500
14 CVS HEALTH 5 290,000
15 WALGREENS BOOTS 19 287,000

ALLIANCE
16 TJX 80 286,000
17 ALBERTSONS COS. 55 267,000
18 PEPSICO 51 267,000
19 LOWE'S 44 260,000
20 WELLS FARGO 30 259,800
The 500 median 26,190
Total return to shareholders, 1 year
Rank Company 500 revenues rank 2019 %
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2 FREDDIE MAC 41 183.4
3 ADVANCED MICRO DEVICES 448 148.4
4 BUILDERS FIRSTSOURCE 425 132.9
5 SONIC AUTOMOTIVE 301 129.4
6 TENET HEALTHCARE 174 121.9
9 CAESARS ENTERTAINMENT 363 100.3
10 TARGET 37 99.3
11 BLACKSTONE GROUP 420 96.6
13 XEROX HOLDINGS 347 92.5
14 GROUP 1 AUTOMOTIVE 264 92.3
15 APPLIED MATERIALS 218 89.8
16 APPLE 4 89.0
17 LEIDOS HOLDINGS 289 88.7
18 HOWMET AEROSPACE 226 83.5
19 COTY 366 79.2
20 WESTERN DIGITAL 198 78.7
The 500 median 28.9
Total return to shareholders, 5 years
Rank Company 500 revenues 2014–19 annual

rank rate %
1 ADVANCED MICRO 448 76.6

DEVICES
2 NVIDIA 292 64.8
3 NETFLIX 164 46.0
4 AMAZON.COM 2 42.9
6 WAYFAIR 348 35.4
7 ADOBE 285 35.3
8 CDW 178 33.7
10 MICROSOFT 21 30.4
11 BUILDERS 425 29.9

FIRSTSOURCE
12 CINTAS 441 29.4
14 BROADCOM 138 28.7
15 BOSTON SCIENTIFIC 296 27.8
16 LEIDOS HOLDINGS 289 27.7
17 FISERV 311 26.7
18 S&P GLOBAL 451 26.6
19 ZOETIS 472 26.0
20 UNITEDHEALTH 7 25.7
GROUP
The 500 median 8.0
Total return to shareholders, 10 years
Rank Company 500 revenues 2009–19 annual

rank rate %
1 NETFLIX 164 45.0
2 CHENIERE ENERGY 329 38.1
3 BROADCOM 138 35.5
5 UNITED RENTALS 340 32.8

PHARMACEUTICALS
8 ULTA BEAUTY 418 30.3
9 AMAZON.COM 2 30.0
10 NVIDIA 292 29.9
11 CONSTELLATION BRANDS 392 28.8

12 CHARTER 71 28.6
COMMUNICATIONS
14 CINTAS 441 28.3
15 ROSS STORES 202 28.3
16 CENTENE 42 28.1
17 O'REILLY AUTOMOTIVE 314 27.7
18 APPLE 4 27.3
19 UNITEDHEALTH GROUP 7 27.3
20 SHERWIN-WILLIAMS 180 26.7
The 500 median 12.8
A version of this article appears in the June/July 2020 issue of Fortune with the
headline "How the companies stack up."
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15/06/2020 Fortune 500 companies 2020: Comparing proﬁts by industry | Fortune

How the profits of Fortune 500 companies

Fast growers of the 500

Growth in profits, 1 year

Rank Company 500 revenues 2019 % growth in

1 CISCO SYSTEMS 63 12,950.0

2 ALLEGHANY 351 2,166.8

3 BERKSHIRE HATHAWAY 6 1,937.1

4 NRG ENERGY 324 1,832.2

5 NETAPP 478 1,510.7

6 ALTICE USA 327 600.0

7 CINCINNATI FINANCIAL 400 591.4

8 BECTON DICKINSON 187 556.7

9 NEWMONT 328 495.3

10 DAVITA 230 472.8

11 CARDINAL HEALTH 16 459.3

12 JACOBS ENGINEERING 206 419.7

13 MGM RESORTS 249 379.0

14 XEROX HOLDINGS 347 320.3

15 JABIL 121 269.4

16 DISCOVERY 287 234.9

18 JETBLUE AIRWAYS 394 218.3

19 ELI LILLY 145 184.0

20 OLD REPUBLIC 427 183.1

The 500 median 5.1

Growth in profits, 5 years

Rank Company 500 2014–19 % annual

1 HD SUPPLY HOLDINGS 478 166.9

2 NRG ENERGY 324 135.9

3 EBAY 295 120.6

4 ADOBE 285 62.5

5 BUILDERS 425 60.2

6 DELTA AIR LINES 68 56.4

7 MOLINA HEALTHCARE 193 54.8

8 BURLINGTON STORES 424 51.4

9 BANK OF AMERICA 25 50.2

10 NETFLIX 164 46.3

11 BROADCOM 138 45.4

12 REGENERON 405 44.0

13 BERRY GLOBAL GROUP 358 42.5

15 MARKEL 335 42.1

17 STEEL DYNAMICS 299 35.3

18 INTL FCSTONE 100 35.0

20 STRYKER 214 32.5

The 500 median 9.9

Growth in profits, 10 years

Rank Company 500 2009–19 % annual

1 AUTOLIV 369 46.0

3 SOUTHWEST 141 41.8

4 CBRE GROUP 128 41.2

5 BORGWARNER 312 41.2

6 LITHIA MOTORS 252 39.7

7 L3HARRIS 250 39.6

8 HOLLYFRONTIER 184 37.2

9 RUSH ENTERPRISES 492 37.2

10 ASBURY AUTOMOTIVE 428 37.0

11 PACCAR 118 36.3

12 ACTIVISION 463 36.0

13 ULTA BEAUTY 418 33.8

14 XPO LOGISTICS 196 33.4

15 CARMAX 173 33.3

16 NETAPP 478 33.0

17 ROBERT HALF 482 32.2