Virginia’s Fortune 500 companies

Once again, Virginia is well represented on the Fortune 500, with 22 companies from the commonwealth making this year’s list, which ranks the 500 largest publicly traded companies in the United States by total revenue.

Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) continues to top Virginia’s list of Fortune 500 companies. With $66.22 billion in 2020 revenue, the firm placed 47th overall.

Ten of this year’s companies are based in Fairfax County, including Fortune 500 newcomer CACI International Inc., ranked at No. 473 this year.

The next most-represented area in the Fortune 500 was the Richmond region, with seven companies headquartered in the city or in Goochland, Hanover and Henrico counties.

Companies that moved up significantly on the Fortune 500 this year include Booz Allen Hamilton Holding Corp. (+59); Science Applications International Corp. (+54); Leidos Holdings Inc. (+41); CarMax (+37); NVR Inc. (+34); and Huntington Ingalls Industries (+30).

Notably, McLean-based global hotelier Hilton Worldwide Holdings Inc., which saw major revenue losses during the pandemic, fell off the Fortune 500 list this year, plummeting from No. 338 on the 2020 Fortune 500 to No. 596 on the 2021 Fortune 1000. Hilton reported $720 million in losses for 2020 and its per-room revenue dropped more than 56%.