MARYLAND — Fortune Journal launched its annual listing of the five hundred prime corporations in America this week, and three of these corporations are based mostly in Maryland.
This 12 months marks the 67th version of the Fortune 500, which ranks corporations by complete annual income. Mixed, the firms on this 12 months’s listing make use of about 29.1 million folks worldwide and generated $13.8 trillion in income within the final fiscal 12 months, accounting for about two-thirds of the whole U.S. gross home product.
The three Maryland corporations to make the listing make use of about 293,200 folks mixed and usher in almost $91,928,000,000.
Listed below are the businesses in Maryland that made this 12 months’s Fortune 500 listing:
- Lockheed Martin of Bethesda, $59,812,000,000 in income; 57th on Fortune 500
- Marriott Worldwide of Bethesda, $20,972,000,000 in income; 157th on Fortune 500
- Discovery of Silver Spring, $11,144,000,000 billion in income; 287th on Fortune 500
A number of different Maryland corporations didn’t make the Fortune 500 minimize however have been rated among the many prime 600 income turbines: T. Rowe Worth of Baltimore was No. 504, Host Inns of Bethesda was No. 514, McCormick of Hunt Valley was No. 523 and Underneath Armour of Baltimore was No. 529.
The highest 10 corporations on this 12 months’s nationwide listing are the next:
- CVS Well being
- UnitedHealth Group
- Berkshire Hathaway
- Amerisource Bergen
- Exxon Mobil
That is the ninth 12 months Walmart has topped the listing of Fortune 500 corporations.
Like many issues, the coronavirus pandemic took a principally detrimental toll on this 12 months’s Fortune 500. Because the world locked down, hitting pause on the worldwide economic system, the general earnings of Fortune 500 corporations dropped from $1.24 trillion to $859 billion. Greater than 70 % of Fortune 500 sectors noticed a decline in earnings.
Just a few sectors noticed will increase, the listing notes, together with expertise and family merchandise, the latter of which reported a 106 % enhance in earnings.
Women hit some big milestones on this 12 months’s listing. The variety of ladies working companies on the Fortune 500 hit an all-time document of 41; and, for the primary time ever, two Black ladies are working Fortune 500 companies (Roz Brewer of No. 16 Walgreens Boots Alliance and Thasunda Brown Duckett of No. 79 TIAA).
— By Megan VerHelst and Elizabeth Janney