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Walmart Tops The Fortune 500 List for 2018, Apple Drops to No. 4

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The 64th annual Fortune 500 list has just been released, with Walmart topping the list for the sixth straight year in a row with a reported revenue of $500 billion.

Apple, while still the highest tech company on the list, has now dropped to fourth place after retaining the 3rd spot for the last two years, behind Exxon Mobile and Berkshire Hathaway at 2nd and 3rd places on the list respectively.

Fortune 500

Amazon cracked the top 10 for the first time, landing at No. 8. Tesla has also jumped 123 spots this year and now sits at No. 260, with Netflix right behind it at N0. 261 on the list.

Meanwhile, Xerox took the biggest plunge, dropping 129 spots to 291. Nvidia, which rocketed up 80 spots on this year’s list to No. 306, led the list in five-year returns to shareholders.

Here are some other interesting takeaways provided by Fortune:

  • With Denise Morrison stepping down from the top spot at Campbell’s, only 24 companies on the list are headed by women—whose ascent to the top spots of American business has clearly stalled.
  • GE fell five spots to No. 18—its lowest ranking ever on the list.
  • The four most valuable companies on the list are all technology firms—Apple, Alphabet, Microsoft and Amazon. Warren Buffett’s Berkshire Hathaway was fifth; Facebook was sixth.
  • There are 17 newcomers to the list, including Coty, Ulta Beauty, Conduent and Fortive.
  • There are 53 companies that have been on the list every year since it started in 1955, including GE, GM, Chevron and Exxon Mobil. The oldest company on the list was started in 1784 by Alexander Hamilton—Bank of New York Mellon. 
  • The threshold for making this year’s list was $5.4 billion in revenues…up 6% from last year.

You can view the complete list at this link.

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