41 Virginia companies made the 2025 Fortune 1000

There were some ups and downs for Virginia companies on this year’s Fortune 500, but overall, the state’s representation held steady with slight improvement.

Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year’s elite Fortune 500. Last year, 39 Virginia companies made the Fortune 1000 list, with 24 on the Fortune 500.

As it has for several years, Freddie Mac, the federally sponsored mortgage business, continues to be the top-ranked Virginia-based company at No. 38, down two spots from last year. It posted $122 billion in revenue in 2024, up $14 million from 2023, but has had a leadership shakeup recently. In March, Freddie Mac CEO Diana Reid was fired by Federal Housing Finance Agency Director Bill Pulte, and former Freddie Mac President Michael Hutchins was appointed interim CEO. Reid became CEO in September 2024.

Boeing slid from No. 52 in the 2024 ranking to No. 63, a reflection of the aerospace and defense contracting giant’s decline in sales after the January 2024 midair blowout of a 4-foot wall panel in a Boeing 737 Max 9 jet cabin. Last year, Arlington County-based Boeing lost $11.8 billion in profits, a 14.5% decrease from 2023, to $66.5 billion. It also saw former President and CEO Dave Calhoun step down in September 2024 to make way for Kelly Ortberg, who is based in Seattle to keep a closer eye on airplane manufacturing in the state of Washington. Things appear to be looking up for Boeing in 2025, as it has made sales in recent months and reached a settlement with the Justice Department to avoid criminal trial.

By virtue of Boeing’s slide, RTX is now Virginia’s second highest ranked company on the 2025 Fortune 500, at No. 54, up one spot from last year. The Arlington-based aerospace and defense contractor formerly known as Raytheon Technologies, has seen its fortunes fluctuate this year, winning a $1.5 billion Air Force contract in February but also undergoing a three-week strike by machinists at subsidiary Pratt & Whitney this month.

Notably this year, Ferguson Enterprises, the Newport News-based plumbing and heating products distributor, debuted on the Fortune 500, ranking No. 146. Following a corporate reorganization last year, Ferguson’s British holding company merged with its U.S. subsidiary based in Newport News. The company, which has about 35,000 employees, reported $29.6 billion in revenue for 2024.

Also notable among Virginia companies this year, Reston federal contractor CACI International moved back on to the Fortune 500, ranked No. 484, and Henrico County insurer Genworth Financial dropped off the Fortune 500, slipping to No. 507.

CACI, which closed its $1.27 billion acquisition of Fairfax-based Azure Summit Technology in October 2024, rose 41 places from No. 525 in 2024 to No. 484.

Other companies saw significant rises and falls on the list, with Richmond-based utility Dominion Energy falling 34 spots to No. 264 this year, following a 10% dip in revenue to $16 billion in 2024, and Henrico County convenience store chain Arko’s decline of 35 places to No. 488, with its revenue dropping 8.1% to $7.57 billion. Global electric utility AES, based in Arlington, dropped 24 places to No. 343, and IT company DXC Technology fell 21 spaces to No. 315.

On the positive side of the ledger, Booz Allen Hamilton rose 24 places to No. 398, marking a 15.2% rise in revenue in 2024, and Leidos rose 16 places to No. 250.

Released Monday, 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.

This year’s Fortune 500 list also features a record number of companies run by women — 55 companies, or 11% of the top 500. In Virginia, three companies — General Dynamics, Northrop Grumman and Science Applications International Corp. — have female CEOs, making up 7.3% of Virginia’s Fortune 500 leadership.

This year, 11 Virginia Fortune 500 companies are based in Fairfax County, retaining its status as the Virginia locality with the most Fortune 500 companies. The metro Richmond area, including Hanover, Henrico and Goochland counties, has the second most companies on the Fortune 500, with seven companies. Arlington County and the Hampton Roads region each have three companies on the Fortune 500.

These are the Virginia-based companies that made the 2024 Fortune 1000 list, in order of ranking:

38) Federal Home Loan Mortgage (“Freddie Mac”), McLean

54) RTX, Arlington County

63) Boeing, Arlington County

80) Performance Food Group, Goochland County

82) Capital One Financial, McLean

96) General Dynamics, Reston

110) Northrop Grumman, Falls Church

139) Dollar Tree, Chesapeake

146) Ferguson Enterprises, Newport News

151) CarMax, Goochland County

209) Altria Group, Henrico County

250) Leidos, Reston

251) Markel Group, Glen Allen

264) Dominion Energy, Richmond

315) DXC Technology, Ashburn

343) AES, Arlington County

368) Huntington Ingalls Industries, Newport News

380) Hilton, McLean

395) Owens & Minor, Mechanicsville

396) NVR, Reston

398) Booz Allen Hamilton, McLean

421) QXO Building Products (formerly Beacon Roofing Supply), Herndon

484) CACI International, Reston

488) Arko, Henrico County

496) Science Applications International Corp. (SAIC), Reston

507) Genworth Financial, Henrico County

531) Parsons, Centreville

645) Maximus, Reston

662) Brink’s, Henrico County

670) Venture Global, Arlington County

689) Graham Holdings, Arlington County

723) Navient, Herndon

737) V2X, McLean

766) ASGN, Glen Allen

900) Tegna, Tysons

933) AvalonBay Communities, Arlington County

963) NewMarket, Richmond

972) Universal Corp., Richmond

979) CoStar Group, Arlington County

986) BWX Technologies, Lynchburg

992) Fluence Energy, Arlington County

This is a breaking news story and will be updated.