Business & Tech

24 VA Companies Make Fortune 500 List For 2024

Two dozen Virginia companies made the Fortune 500 list for 2024, its editors said. The firms are ranked by total annual revenue.

Virginia is home to 24 of the nation's largest companies, according to the most recent Fortune 500 list.
Virginia is home to 24 of the nation's largest companies, according to the most recent Fortune 500 list. (Emily Leayman/Patch)

VIRGINIA — Two dozen Virginia companies are among the country's largest, according to a new report.

The Commonwealth is home to these Fortune 500 companies:

  1. Freddie Mac: McLean, No. 36 overall, 8,020 employees, (revenue in millions) $108,050
  2. Boeing: Arlington, No. 52 overall, 171,000 employees, (revenue in millions) $77,794
  3. RTX: Arlington, No. 55 overall, 185,000 employees, (revenue in millions) $68,920
  4. Performance Food Group: Richmond, No. 84 overall, 34,825 employees, (revenue in millions) $53,355
  5. Capital One Financial: McLean, No. 91 overall, 51,987 employees, (revenue in millions) $49,484
  6. General Dynamics: Reston, No. 104 overall, 111,600 employees, (revenue in millions) $42,272
  7. Northrop Grumman: Falls Church, No. 109 overall, 101,000 employees, (revenue in millions) $39,290
  8. CarMax: Richmond, No. 141 overall, 30,621 employees, (revenue in millions) $31,126
  9. Dollar Tree: Chesapeake, No. 143 overall, 138,860 employees, (revenue in millions) $30,604
  10. Altria Group: Richmond, No. 196 overall, 6,400 employees, (revenue in millions) $20,502
  11. Dominion Energy: Richmond, No. 230 overall, 17,700 employees (revenue in millions) $17,867
  12. Markel Group: Glen Allen, No. 262 overall, 21,600 employees, (revenue in millions) $15,804
  13. Leidos Holdings: Reston, No. 266 overall, 47,000 employees, (revenue in millions) $15,438
  14. DXC Technology: Ashburn, No. 294 overall, 130,000 employees, (revenue in millions) $14,430
  15. AES: Arlington, No. 319 overall, 9,600 employees, (revenue in millions) $12,668
  16. Huntington Ingalls Industries: Newport News, No. 357 overall, 44,000 employees, (revenue in millions) $11,454
  17. Owens & Minor: Mechanicsville, No. 388 overall, 22,200 employees, (revenue in millions) $10,334
  18. Hilton Worldwide Holdings: McLean, No. 389 overall, 178,000 employees, (revenue in millions) $10,235
  19. NVR: Reston, No. 406 overall, 6,300 employees, (revenue in millions) $9,687
  20. Booz Allen Hamilton Holding: McLean, No. 422 overall, 31,900 employees, (revenue in millions) $9,259
  21. Beacon Roofing Supply: Herndon, No. 429 overall, 8,063 employees, (revenue in millions) $9,120
  22. ARKO: Richmond, No. 453 overall, 13,481 employees, (revenue in millions) $8,239
  23. Genworth Financial: Richmond, No. 477 overall, 2,700 employees, (revenue in millions) $7,488
  24. Science Applications International: Reston, No. 479 overall, 24,000 employees, (revenue in millions) $7,444

Amazon is the largest company with D.C. area headquarters since its HQ2 opened in Arlington, WTOP said. It ranks No. 2 on the national Fortune 500 list and tops the regional list with $574.8 billion in revenue last year.

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Fortune said California had the most Fortune 500 companies this year of any state.

The Golden State, with 57 of the nation's largest companies, claimed first place for the first time since 2014. California beat both Texas and New York, which tied for second place with 52 companies each.

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Here are the top ten companies that made the Fortune 500 list, along with the states they are based in:

  1. Walmart − Arkansas
  2. Amazon − Washington
  3. Apple − California
  4. UnitedHealth Group − Minnesota
  5. Berkshire Hathaway − Nebraska
  6. CVS Health − Rhode Island
  7. Exxon Mobil − Texas
  8. Alphabet − California
  9. McKesson − Texas
  10. Cencora − Pennsylvania

California took first place despite the fact that five companies fell off the state's list this year, according to Fortune. That's because nine companies headquartered in the Golden State were added to the list, including Clorox, DoorDash and Workday.

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