24 Va. corporations listed on Fortune 500, including 2 newcomers
Kate Andrews //June 3, 2026//
Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
24 Va. corporations listed on Fortune 500, including 2 newcomers
Kate Andrews //June 3, 2026//
SUMMARY:
Virginia’s top companies saw some dramatic ups and downs in 2025, as reflected on the Fortune 500 list released Wednesday, although the total number of corporations on the list stayed stable from the previous year.
Two Virginia-based companies debuted on the elite Fortune 500 list this year, among 24 companies total. On the 2026 Fortune 1000 list, Virginia is represented with 40 companies, down from last year’s 41 Fortune 1000 companies total and 25 on the Fortune 500.
The Fortune 1000 list ranks the 1,000 largest United States corporations by total revenue, including public companies and private companies for which revenue information is available.
As usual, Freddie Mac tops the pack in Virginia at No. 33, up from last year’s No. 38 ranking. Arlington County defense contractors Boeing and RTX traded places on the list, with Boeing landing at No. 47 and RTX two spots below at No. 49.
Last year, Boeing sank to No. 63, after the January 2024 midair blowout of a 4-foot wall panel in a Boeing 737 Max 9 jet cabin temporarily cratered sales and led to an executive shakeup. Notably, the aerospace giant’s ranking improved by five spots from its 2024 ranking of No. 52, showing how the company has rebounded over the past two years.
Chantilly-based Amentum, a spinoff of AECOM’s Management Services that acquired PAE for $1.9 billion in 2022, debuted on the Fortune 500 list at No. 313. Helmed by CEO John Heller, the government contractor plans to move its headquarters to Reston in early 2027.
Arlington-based Venture Global, an exporter of U.S.-produced liquefied natural gas, saw a meteoric rise in this year’s list, from No. 670 in 2025 to No. 328, a total of 342 spots. Co-founded by billionaire former investment banker Mike Sabel, Venture Global reported $13.7 billion in revenue in fiscal 2025, up 176.9% from the previous year. For the first quarter of 2026, the company raised its full-year adjusted core profit forecast, expecting higher liquefaction fees and sales volumes, Reuters reported. U.S. export volumes of liquified natural gas have risen as the Iran war disrupted energy markets, according to Reuters.
Capital One Financial, not surprisingly, saw its stock rise 19 places to No. 63 following its May 2025 acquisition of Discover Financial Services, a stock deal valued at $35.3 billion, creating one of the world’s largest credit card businesses with more than 100 customers.
Dollar Tree, the Chesapeake-based discount retailer, also saw its ranking fall by 43 places this year, from No. 139 in 2025 to No. 182, with revenue falling by 18.8% year-over-year to $25 billion in fiscal 2025. In July 2025, Dollar Tree completed its sale of Family Dollar for roughly $1 billion.
Nationally, Amazon.com made big news for taking No. 1 on this year’s Fortune 500 list, bumping Walmart, now No. 2, from the top spot for the first time in 13 years. However, the e-tail giant has stalled hiring at its Arlington County HQ2 headquarters, as reported on a filing submitted in April to the Virginia Economic Development Partnership. Amazon did not add any jobs last year that qualified for Virginia’s workforce grant incentives and did not request a state payment, in contrast to 2024, when it requested more than $6.4 million after adding 293 qualifying jobs in 2024.
On the Fortune 1000 list, CoStar Group, which relocated its headquarters to Arlington from Washington, D.C., moved up 100 spots to No. 879, marking an 18.7% rise in revenue in the past fiscal year.
McLean media company Tegna, currently embroiled in an antitrust lawsuit with multiple states as Nexstar attempts to acquire it, fell 98 places from last year, and now is at No. 998 on the 2026 list.
This year, nine Virginia Fortune 500 companies are based in Fairfax County, retaining its status as the Virginia locality with the most Fortune 500 companies. Arlington County is home to four companies on the Fortune 500, and Ashburn and Falls Church have one each, making Northern Virginia’s total 15.
The metro Richmond area, including Henrico and Goochland counties, has the second most companies on the Fortune 500, with six companies. The Hampton Roads region has three.
These are the Virginia-based companies that made the 2026 Fortune 1000 list, in order of ranking:
33) Freddie Mac, McLean
47) Boeing, Arlington County
49) RTX, Arlington County
63) Capital One Financial, McLean
80) Performance Food Group, Goochland County
91) General Dynamics, Reston
112) Northrop Grumman, Falls Church
147) Ferguson Enterprises, Newport News
162) CarMax, Goochland County
182) Dollar Tree, Chesapeake
221) Altria Group, Henrico County
260) Leidos, Reston
270) Markel Group, Glen Allen
272) Dominion Energy, Richmond
313) Amentum, Chantilly
328) Venture Global, Arlington County
343) DXC Technology, Ashburn
352) Huntington Ingalls Industries, Newport News
358) AES, Arlington County
367) Hilton Worldwide Holdings, McLean
372) Booz Allen Hamilton, McLean
407) Accendra Health (formerly Owens & Minor), Henrico County
409) NVR, Reston
459) CACI International, Reston
510) Genworth Financial, Henrico County
513) Science Applications International Corp. (SAIC), Reston
557) Arko, Henrico County
568) Parsons, Centreville
628) Maximus, Reston
653) Brink’s, Henrico County
682) Graham Holdings, Arlington County
731) V2X, McLean
787) Everforth (formerly ASGN), Glen Allen
879) CoStar Group, Arlington County
890) Navient, Herndon
891) BWX Technologies, Lynchburg
924) AvalonBay Communities, Arlington County
940) Universal Corp., Richmond
991) NewMarket, Richmond
998) Tegna, McLean