• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
FinanceFortune 500

These five Fortune 500 companies had the fastest revenue growth

Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
June 16, 2015, 11:37 AM ET
Courtesy of Micron Technology
Add Fortune on Google for similar content.

There’s a reason mergers and acquisitions activity spiked 45% in 2014 to hit $3.5 trillion: dealmaking, facilitated by low borrowing costs, helps America’s Fortune 500 companies boast dramatic revenue growth worthy of tech startups.

Indeed, M&A accounts for four of the five biggest sales jumps in the Fortune 500: Spartan Stores, a Midwest grocery distributor, tripled its revenue and expanded beyond its midwestern stronghold, by buying Nash Finch and becoming SpartanNash, now the largest wholesaler serving U.S. military commissaries. NGL Energy Partners and Devon Energy continued their years of dealmaking by buying smaller rivals, or their key assets, while chipmaker Micron Technology became a giant in the flash memory chips market by buying Elpida.

One company high on the list that achieved heady growth organically was biotech company Gilead, whose hepatitis blockbuster drugs doubled its revenue last year.

But few companies other than biotech or IT companies can hope to pull off such a feat, so it looks like M&A will remain the main tool for such outsized growth by Fortune 500 companies. And so far in 2015, the pace of dealmaking suggest that’s exactly what they’re doing.

1. SpartanNash

SpartanNash (SPTN) is the product of the late 2013 merger between Spartan Stores and Nash-Finch that created a leading wholesaler of grocery to military commissaries and food retailers, along with its own chain of 162 stores in the Midwest under different banners.

The combined company's came to $7.9 billion in 2014, more than triple what Spartan made on its own. Though the company is now bigger and has more clout, it also is competing for businesses that offer the tiniest of margins, particularly the military, meaning it will likely need to keep scaling up.

2. Gilead Sciences

Gilead Sciences (GILD) sold $10.3 billion of its new hepatitis C drug, Sovaldi, last year, almost enough to make it the best-selling drug in the world in its first year on the market, and practically doubling company sales on its own. (Overall, revenue rose 122.2% to $24 billion.)

The biotech company later launched an even newer hepatitis C drug, Harvoni, that generated another $2 billion. But health plans are trying to pit Gilead against AbbVie, which introduced its own hepatitis C treatment, Viekira Pak, last year in a bid to contain costs.

Still, after a strong start to the year, Gilead raised its sales outlook for 2015 and now expects to rake in up to $29 billion this year.

3. NGL Energy Partners

NGL Energy Partners (NGL) is a diversified company that owns facilities ranging from crude oil storage terminals, pipeline injection stations, a trucks, water treatment and disposal facilities, and a business that supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants throughout Canada and the U.S.

NGL's revenue, which grew 119.6% last year to $9.7 billion, thanks in large part to a bunch of acquisitions, such as its late 2014 acquisition of Gavilon Energy, which owned crude oil terminals in Oklahoma, Texas, and Louisiana that broadened its geographic reach. And with lower energy prices expected to set off more consolidation in the industry, it wouldn't be surprising to see NGL continue its shopping spree in 2015.

 

 

 

4. Devon Energy

Devon Energy (DVN) is one of the biggest independent natural gas and oil producers in the U.S, focused on North American onshore exploration and production.

Its 88% jump in revenue to $19.6 billion last year came from a number of big acquisitions, including a $6 billion deal to buy some oil and gas properties and leasehold mineral interests from GeoSouthern Energy. But even as it plans to continue dealmaking, Devon warned investors in its annual report that low energy prices could hurt its business in 2015.

5. Micron Technology

Micron Technology's (MU) revenue rose 80.3% last year to $16.4 billion thanks to its mid-2013 acquisition of Elpida, which made it the second biggest producer of dynamic random access memory (DRAM), a key part in personal computers. (Samsung is the biggest producer of DRAM.)  The Boise-based company also become a bigger player in the flash memory chips market, one set to grow as smartphones and tablet computers continue to grow in popularity.

 

To see the full list of the Fortune 500, visit Fortune.com/Fortune500

About the Author
Phil Wahba
By Phil WahbaSenior Writer
LinkedIn iconTwitter icon

Phil Wahba is a senior writer at Fortune primarily focused on leadership coverage, with a prior focus on retail.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

spiegel
Personal Financephilanthropy
Snap’s Evan Spiegel joins MacKenzie Scott in the billionaire race to erase medical debt—wiping out $550 million for 260,000 Californians
By Nick LichtenbergJune 26, 2026
6 minutes ago
cuban
AIJobs
Everyone agrees that you hate AI, but only Mark Cuban sees why Silicon Valley is powerless to fix it
By Nick LichtenbergJune 26, 2026
24 minutes ago
g
BankingFederal Reserve
Alan Greenspan said 3 years with Gerald Ford beat 18 at the Fed. His death at 100 raises the question: was he right?
By Simon Bowmaker, Paul Wachtel and The ConversationJune 26, 2026
27 minutes ago
suez
EconomyIran
Ray Dalio says the U.S. just had its ‘Suez moment’—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
28 minutes ago
Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
AITech
Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
By Marco Quiroz-GutierrezJune 26, 2026
30 minutes ago
Current refi mortgage rates report for June 26, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 26, 2026
By Glen Luke FlanaganJune 26, 2026
31 minutes ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
1 day ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
2 days ago
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Success
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
By Orianna Rosa RoyleJune 25, 2026
1 day ago
Current price of silver as of Thursday, June 25, 2026
Personal Finance
Current price of silver as of Thursday, June 25, 2026
By Joseph HostetlerJune 25, 2026
19 hours ago
Current price of oil as of June 25, 2026
Personal Finance
Current price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
19 hours ago
Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
Economy
Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
By Tristan BoveJune 25, 2026
11 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.