Companies ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. Profits do not figure in to positioning on the Fortune 500 list. For example, Dell is ranked 38th on Fortune’s list with $52.902 billion in revenue ($1.433 billion profit) versus Apple’s 56th place with $36.537 billion in revenue ($5.704 billion profit). The list includes publicly and privately-held companies for which revenues are publicly available.
This year, Wal-Mart knocked Exxon Mobil out of the top slot to rule the Fortune 500 again.
The Top 10 on the 2010 Fortune 500 list:
1. Wal-Mart Stores
2. Exxon Mobil
3. Chevron
4. General Electric
5. Bank of America
6. ConocoPhillips
7. AT&T
8. Ford Motor
9. J.P. Morgan Chase
10. Hewlett-Packard
The full list is here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Obviously the Fortune 500 list is not based upon Market Capitalization.
2nd post yeah!
From SA wiza 2010. I said first post I would look like fool. Getting the hold this.
What was posted here recently saying Apple was 3rd to exxon and Microsoft??
That’s Woza 2010 World Cup Soccer in S.A. Typed tooOooo fast on the iPhone. Bring it on!!!!
Mr. Ben Dover, Apple is in third place of U.S. companies if you consider their market capitalization. The Fortune 500 goes by different measures, most likely some form of revenues/profits.
Revenue Profit
38 Dell 52,902.0 1,433.0
56 Apple 36,537.0 5,704.0
That says a bunch!
Look at where Citigroup is on that list. Big revenue, no profit.
this is what is wrong with most financial people. total revenue is a very poor metric.
Because the US Government OWNS Citigroup – where have you been?
I feel partially responsible.
Time to sell
Update. I know I am partially responsible.
@ABQ Peter
“this is what is wrong with most financial people. total revenue is a very poor metric.”
I’ve never met anyone in the financial industry or real investor who focused on revenue as a metric.
Fortune does their list and sorts it by a variety of criteria: growth, profit, bang for buck, best to work for, etc…
http://money.cnn.com/magazines/fortune/fortune500/2010/performers/companies/profits/
Well, I’ve already calculated that Apple’s revenues for this year should be about $52B, so expect Apple to go up another dozen or so places.
@steve516
STFU
Or,
GTFA
turnover vanity
profit sanity
Wow! Apple Inc., produces more profit than 95% of the Fortune 500 companies. Less than 25 companies produce more. Amazing!
Know wonder the stock is going nuts.
@AtomicBeetle, “That’s Woza 2010 World Cup Soccer in S.A. “
That would be the World Cup, where the whole world competes?
Not like the ‘World Series” eh? Where just a few locals compete.
I’ll take profit over revenue any day, as will any business or investor. Recalling the old joke, Dell does *not* make it up in volume.
@Steve516
If the US government didn’t own CITI, there probably won’t be a CITI.
It was called saving their asses!
1. Wal-Mart Stores (Sellers of China produced stuff)
2. Exxon Mobil (Oil company owned by car companies)
3. Chevron (Oil company owned by car companies)
4. General Electric (made in China)
5. Bank of America (Can you say bailout)
6. ConocoPhillips (Oil company owned by car companies)
7. AT&T;(Wouldn’t be this high in the list without Apple)
8. Ford Motor (Can you say bailout)
9. J.P. Morgan Chase (Can you say bailout)
10. Hewlett-Packard (Where would they be without government contracts)