Business & Tech

The Fortune 500 Companies In Massachusetts

The Fortune 500 list has been released, and Massachusetts has a dozen entries

The 64th annual Fortune 500 list is out, and while the usual suspects dominated the top of the list, 12 companies from Massachusetts were listed, too

You’ll recognize many of the top companies — Walmart topped the list for the sixth straight year and Amazon cracked the top 10 — but you might not be familiar with all the companies from Massachusetts after the first entry. General Electric, which comes in this year at No. 18, has made every Fortune 500 list since 1955.

Here are all the Fortune 500 companies in Massachusetts:

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  • General Electric
    • Rank: 18
    • Revenues: $122,274,000
    • HQ Location: Boston
  • Liberty Mutual Insurance Group
    • Rank: 68
    • Revenues: $42,687,000
    • HQ Location: o
  • TJX
    • Rank: 85
    • Revenues: $35,864,700
    • HQ Location: Framingham
  • Massachusetts Mutual Life Insurance
    • Rank: 93
    • Revenues: $33,495,400
    • HQ Location: Springfield
  • Raytheon
    • Rank: 119
    • Revenues: $25,348
    • HQ Location: Waltham
  • Thermo Fisher Scientific
    • Rank: 144
    • Revenues: $20,918
    • HQ Location: Waltham
  • Biogen
    • Rank: 245
    • Revenues: $12,273,900
    • HQ Location: Cambridge
  • State Street Corp.
    • Rank: 259
    • Revenues: $11,774
    • HQ Location: Boston
  • Boston Scientific
    • Rank: 328
    • Revenues: $9,048,000
    • HQ Location: Marlborough
  • Global Partners
    • Rank: 331
    • Revenues: $8,920,600
    • HQ Location: Waltham
  • Eversource Energy
    • Rank: 364
    • Revenues: $7,752
    • HQ Location: Springfield
  • American Tower
    • Rank: 419
    • Revenues: $6,663,900
    • HQ Location: Boston

The complete list of the 500 companies accounts for $12.8 trillion in revenue — two-thirds of America’s gross domestic product —and employ more than 28 million people across the globe. In other words, they’re vital to the global economy.

Overall, Exxon Mobil, Berkshire Hathaway, Apple and UnitedHealth Group rounded out the top five. Apple was the most valuable and profitable company on the list with $850 billion in market cap and $48 billion in profits, the magazine said.

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CVS Health ranked No. 7, followed by Amazon at 8, AT&T at 9 and General Motors at 10.

Here are some other big names on the list:

  • Boeing
    • Rank: 27
    • Revenues ($M): $ 93,392
    • HQ Location: Chicago, Illinois
  • Comcast
    • Rank: 33
    • Revenues ($M): $84,526
    • HQ Location: Philadelphia, Pennsylvania
  • Pepsi Co
    • Rank: 45
    • Revenues ($M): $63,525
    • HQ location: Purchase, New York
  • Coca-Cola
    • Rank: 87
    • Revenues ($M): $35,410
    • HQ location: Atlanta, Georgia
  • Tesla
    • Rank: 260
    • Revenues ($M): $11,758.8
    • HQ location: Palo Alto, California
  • Netflix
    • Rank: 261
    • Revenues ($M): $11,692.7
    • HQ location: Los Gatos, California

The threshold for making this year’s list was $5.4 billion in revenues, Fortune says. That’s 6 percent more than 2017.

Fifty-four firms have appeared in every Fortune 500 list since 1955, including GE, GM, Chevron and Exxon Mobil. On the flip side, 17 companies made the list for the first time, including Ulta Beauty.

New York, California and Texas had the most Fortune 500 companies of all states, with 58, 49 and 48, respectively.

Just 24 companies on the list are headed by women, the magazine said.

Click here to see the full rankings and company profiles.

Patch reporter Dan Hampton contributed to this report.

Photo credit: Shutterstock

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