Followups – June 2017

Virginia companies make Forbes’ top 500 companies list

Eighteen Virginia companies made Forbes’ list of America’s Top Public Companies, which was released in early May.

The ranking of 500 corporations is based on a composite score for equally weighted measures of revenue, profits, assets and market value as of March 31 closing prices.

The Fortune 500, an annual list of the nation’s biggest publicly traded companies based on revenue, had 21 Virginia companies in its latest ranking.

The top-ranked Virginia company on the Forbes list was Capital One Financial at No. 48. Others listed in the top 100 included Altria Group, No. 52 and General Dynamics, No. 86.

Others on the list include: Dominion Energy, 102; Northrop Grumman, 106; Norfolk Southern, 139; Freddie Mac, 180; Dollar Tree, 188.
Also, Hilton Worldwide, 229; CarMax, 239; Markel, 276; AvalonBay, 290; WestRock, 302; Advance Auto Parts, 337; Huntington Ingalls Industries, 379; AES, 383; Leidos, 446; and Genworth Financial, 478.

On the overall list, the top companies were Berkshire Hathaway, first; Apple, second; JPMorgan Chase, third; Wells Fargo, fourth; and AT&T and Bank of America, tied for fifth.

To compile the ranking, Forbes created four lists of the 500 biggest companies based on each of the metrics. Each company received a separate score for each metric.

Forbes then added the scores for all four metrics (equally weighted) and compiled a composite score for each company based on their rankings for sales, profits, assets and market value.

Virginia Business compiles its own annual list of the top 50 companies in the commonwealth in its March issue.