How the profits of Fortune 500 companies stack up in one chart

A graphic breakdown of the companies—led by Berkshire Hathaway and Apple—that earned the most. Plus, the top performers in sales growth, stock returns, and more.
June 11, 2020 12:00 PM UTC
COP.07.20.Berkshire-Hathaway-Annual-Meeting
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, U.S., on Saturday, May 2, 2020. Buffett, hosting the annual meeting virtually, has largely stayed in the shadows as the coronavirus pandemic hammered the global economy and stock markets. Photographer: Andrew Harrer/Bloomberg via Getty Images
Andrew Harrer—Bloomberg via Getty Images

It was another very profitable year for Warren Buffett. His Berkshire Hathaway led the Fortune 500 with $81.4 billion in profits, though that figure comes with a footnote: U.S. accounting rules forced Berkshire to count some $54 billion in gains from its stock holdings as net income. Overall, the Fortune 500 earned $14.2 trillion last year—an all-time record. The graphic below shows the size of the profit (or loss) for every company on this year’s 500. And in the tables that follow we break down the fastest-growing companies on the list, those that use their capital most efficiently, and the ones that have provided the best returns to investors.

Fast growers of the 500

While auto safety supplier Autoliv is technically a U.S. company, the 10-year profit champion seatbelt and airbag maker is based in Stockholm. Salesforce.com continues to ride the growth of the cloud-computing market, which is set to hit $330 billion in 2020. Electric-car leader Tesla, meanwhile, has yet to make an annual profit, but its sales have risen sevenfold in five years to $25 billion.

Growth in profits, 1 year

RankCompany500 revenues rank2019 % growth in EPS
1CISCO SYSTEMS6312,950.0
2ALLEGHANY3512,166.8
3BERKSHIRE HATHAWAY61,937.1
4NRG ENERGY3241,832.2
5NETAPP4781,510.7
6ALTICE USA327600.0
7CINCINNATI FINANCIAL400591.4
8BECTON DICKINSON187556.7
9NEWMONT328495.3
10DAVITA230472.8
11CARDINAL HEALTH16459.3
12JACOBS ENGINEERING GROUP206419.7
13MGM RESORTS INTERNATIONAL249379.0
14XEROX HOLDINGS347320.3
15JABIL121269.4
16DISCOVERY287234.9
17ORACLE82230.0
18JETBLUE AIRWAYS394218.3
19ELI LILLY145184.0
20OLD REPUBLIC INTERNATIONAL427183.1
The 500 median5.1

Growth in profits, 5 years

RankCompany500 revenues rank2014–19 % annual growth in EPS
1HD SUPPLY HOLDINGS478166.9
2NRG ENERGY324135.9
3EBAY295120.6
4ADOBE28562.5
5BUILDERS FIRSTSOURCE42560.2
6DELTA AIR LINES6856.4
7MOLINA HEALTHCARE19354.8
8BURLINGTON STORES42451.4
9BANK OF AMERICA CORP.2550.2
10NETFLIX16446.3
11BROADCOM13845.4
12REGENERON PHARMACEUTICALS40544.0
13BERRY GLOBAL GROUP35842.5
14FACEBOOK4642.4
15MARKEL33542.1
16ABBVIE9936.9
17STEEL DYNAMICS29935.3
18INTL FCSTONE10035.0
19BERKSHIRE HATHAWAY632.7
20STRYKER21432.5
The 500 median9.9

Growth in profits, 10 years

RankCompany500 revenues rank2009–19 % annual growth in EPS
1AUTOLIV36946.0
2KROGER2343.5
3SOUTHWEST AIRLINES14141.8
4CBRE GROUP12841.2
5BORGWARNER31241.2
6LITHIA MOTORS25239.7
7L3HARRIS TECHNOLOGIES25039.6
8HOLLYFRONTIER18437.2
9RUSH ENTERPRISES49237.2
10ASBURY AUTOMOTIVE GROUP42837.0
11PACCAR11836.3
12ACTIVISION BLIZZARD46336.0
13ULTA BEAUTY41833.8
14XPO LOGISTICS19633.4
15CARMAX17333.3
16NETAPP47833.0
17ROBERT HALF INTERNATIONAL48232.2
18VIACOMCBS11132.1
19FOOT LOCKER39731.1
20CAPITAL ONE FINANCIAL9731.0
The 500 median10.5

Growth in revenues, 1 year

RankCompany500 revenues rank2019 % growth in revenues
1CIGNA13215.7
2ANDERSONS390168.3
3UNITED NATURAL FOODS133129.6
4L3HARRIS TECHNOLOGIES250108.0
5VIACOMCBS11191.6
6WESTINGHOUSE AIR BRAKE TECH.38887.9
7COMMSCOPE HOLDING38182.7
8FISERV31174.9
9KKR34974.6
10KEURIG DR PEPPER28849.4
11TENNECO18548.3
12CINCINNATI FINANCIAL40046.5
13NGL ENERGY PARTNERS12739.4
14MARKEL33539.2
15SCIENCE APPLICATIONS INTERNATIONAL46636.9
16WAYFAIR34834.6
17NEWMONT32834.3
18CVS HEALTH532.0
19ALLEGHANY35131.3
20VISTRA ENERGY27029.1
The 500 median2.9

Growth in revenues, 5 years

RankCompany500 revenues rank2014–19 % annual growth in revenues
1TESLA12450.4
2XPO LOGISTICS19647.9
3WAYFAIR34847.2
4FACEBOOK4641.5
5CHARTER COMMUNICATIONS7138.1
6BUILDERS FIRSTSOURCE42535.3
7CENTENE4235.1
8CIGNA1334.5
9NETFLIX16429.6
10UNITED NATURAL FOODS13328.2
11JONES LANG LASALLE17927.1
12SALESFORCE.COM19026.1
13AMAZON.COM225.8
14BEACON ROOFING SUPPLY43425.0
15LENNAR14723.4
16REGENERON PHARMACEUTICALS40522.8
17DOLLAR TREE13122.4
18OLIN48122.2
19ADOBE28521.9
20WESTINGHOUSE AIR BRAKE TECH.38821.9
The 500 median4.0

Growth in revenues, 10 years

RankCompany500 revenues rank2009–19 % annual growth in revenues
1CENTENE4233.2
2SALESFORCE.COM19029.3
3NETFLIX16428.3
4AMAZON.COM227.6
5ENERGY TRANSFER5925.9
6LAM RESEARCH33124.1
7CIGNA1323.6
8ALLEGHANY35122.5
9JONES LANG LASALLE17921.9
10LENNAR14721.7
11APPLE421.7
12ALPHABET1121.2
13UNITED NATURAL FOODS13321.1
14CHARTER COMMUNICATIONS7121.1
15LITHIA MOTORS25221.0
16WESTROCK17720.6
17BOOKING HOLDINGS21020.5
18LKQ25719.7
19CBRE GROUP12819.1
20THOR INDUSTRIES40417.9
The 500 median5.3

Bringing in the bucks

Apple was knocked out of the top spot in profits after a five-year reign, but the iPhone maker earned more than $50 billion in net income for the third time in five years, for a total of $262 billion over that span. Elsewhere, Visa and Mastercard charged to the top in profit efficiency. And NGL Energy Partners racked up the most revenues per employee.

Profits

RankCompany500 revenues rank2019 $ millions
1BERKSHIRE HATHAWAY681,417.0
2APPLE455,256.0
3MICROSOFT2139,240.0
4JPMORGAN CHASE & CO.1736,431.0
5ALPHABET1134,343.0
6BANK OF AMERICA CORP.2527,430.0
7INTEL4521,048.0
8WELLS FARGO3019,549.0
9CITIGROUP3119,401.0
10VERIZON COMMUNICATIONS2019,265.0
11FACEBOOK4618,485.0
12PFIZER6416,273.0
13JOHNSON & JOHNSON3515,119.0
14WALMART114,881.0
15EXXON MOBIL314,340.0
16FANNIE MAE2414,160.0
17AT&T913,903.0
18UNITEDHEALTH GROUP713,839.0
19COMCAST2813,057.0
20VISA13712,080.0
The 500 median889.5

Return on revenues

RankCompany500 revenues rank2019 profits as % of revenues
1VISA13752.6
2MASTERCARD19148.1
3NRG ENERGY32445.0
4BOSTON SCIENTIFIC29643.8
5CONSTELLATION BRANDS39242.3
6BIOGEN22341.0
7ELI LILLY14537.3
8FM GLOBAL44736.8
9TD AMERITRADE HOLDING48636.7
10SIMON PROPERTY GROUP49736.5
11TEXAS INSTRUMENTS22234.9
12AMGEN13533.6
13BOOKING HOLDINGS21032.3
14BERKSHIRE HATHAWAY632.0
15S&P GLOBAL45131.7
16PFIZER6431.4
17CHARLES SCHWAB27131.4
18MICROSOFT2131.2
19BLACKROCK21930.8
20INTERCONTINENTAL EXCHANGE45929.5
The 500 median6.7

Return on shareholders’ equity

RankCompany500 revenues rank2019 profits as % of equity
1COLGATE-PALMOLIVE2032,023.1
2S&P GLOBAL451443.2
3O’REILLY AUTOMOTIVE314350.1
4ELI LILLY145319.1
5NRG ENERGY324267.7
6LOWE’S44217.1
7LOCKHEED MARTIN57199.2
8MARRIOTT INTERNATIONAL157181.1
9ROCKWELL AUTOMATION452172.1
10CLOROX474146.7
11MASTERCARD191137.8
12UNITED PARCEL SERVICE43135.9
13NETAPP478107.2
14FANNIE MAE2496.9
15QUALCOMM12689.3
16BURLINGTON STORES42488.1
17ILLINOIS TOOL WORKS22983.3
18SIMON PROPERTY GROUP49783.2
19BOOKING HOLDINGS21082.0
20AMGEN13581.1
The 500 median13.2

Revenues per dollar of assets

RankCompany500 revenues rank2019 $
1CORE-MARK HOLDING2407.0
2WORLD FUEL SERVICES916.1
3GLOBAL PARTNERS2464.7
4AMERISOURCEBERGEN104.6
5MURPHY USA2624.5
6PERFORMANCE FOOD GROUP1684.2
7NGL ENERGY PARTNERS1274.1
8SPARTANNASH3703.8
9MCKESSON83.6
10CARDINAL HEALTH163.6
11COSTCO WHOLESALE143.4
12SYSCO563.3
13INTL FCSTONE1003.3
14C.H. ROBINSON WORLDWIDE2083.3
15DEAN FOODS4213.3
16UNITED NATURAL FOODS1333.3
17WAYFAIR3483.1
18VERITIV4123.1
19GRAYBAR ELECTRIC4153.0
20ALBERTSONS COS.552.9
The 500 median0.7

Revenues per dollar of equity

RankCompany500 revenues rank2019 $
1COLGATE-PALMOLIVE203134.1
2AMERISOURCEBERGEN1062.4
3INTL FCSTONE10055.4
4AK STEEL HOLDING46742.0
5ALBERTSONS COS.5541.7
6ASCENA RETAIL GROUP47341.3
7LOWE’S4436.6
8MARRIOTT INTERNATIONAL15729.8
9GLOBAL PARTNERS24628.6
10MCKESSON826.5
11O’REILLY AUTOMOTIVE31425.5
12SYSCO5624.0
13CARDINAL HEALTH1623.0
14UNITED PARCEL SERVICE4322.7
15CORE-MARK HOLDING24022.5
16OWENS & MINOR33220.9
17WORLD FUEL SERVICES9119.5
18LOCKHEED MARTIN5719.1
19CDW17818.8
20RITE AID15018.3
The 500 median2.3

Revenues per employee

RankCompany500 revenues rank2019 $ millions
1NGL ENERGY PARTNERS12718.5
2INTL FCSTONE10016.4
3FANNIE MAE2416.0
4FREDDIE MAC4110.9
5VALERO ENERGY3210.1
6AMERISOURCEBERGEN108.4
7PHILLIPS 66277.6
8PBF ENERGY1257.1
9PLAINS GP HOLDINGS986.7
10WORLD FUEL SERVICES916.7
11KKR3496.6
12CHENIERE ENERGY3296.4
13EOG RESOURCES1866.0
14NORTHWESTERN MUTUAL1025.4
15BRIGHTHOUSE FINANCIAL4574.9
16ENTERPRISE PRODUCTS1014.5
17REINSURANCE GROUP2254.5
18ENLINK MIDSTREAM4834.5
19CALPINE3194.5
20HOLLYFRONTIER1844.3
The 500 median0.6

Shareholders win big with Big Tech

Microsoft wasn’t the first technology behemoth to surge past $1 trillion in market value over the past couple of years. (Apple and Amazon each got there first.) But the software and cloud giant landed on top in market capitalization for a second straight year, wowing investors with its $39 billion profits, while Facebook jumped into the top five. Also, for a second year in a row, Netflix took the crown for best 10-year stock return in the Fortune 500.

Biggest companies by market value

RankCompany500 revenues rank3/31/20 $ millions
1MICROSOFT211,199,549.7
2APPLE41,112,640.8
3AMAZON.COM2970,680.1
4ALPHABET11798,905.3
5FACEBOOK46475,455.2
6BERKSHIRE HATHAWAY6442,897.1
7JOHNSON & JOHNSON35345,704.9
8WALMART1321,803.3
9VISA137316,199.1
10JPMORGAN CHASE & CO.17276,750.1
11PROCTER & GAMBLE50271,639.8
12MASTERCARD191242,794.1
13UNITEDHEALTH GROUP7236,555.2
14INTEL45231,661.9
15VERIZON COMMUNICATIONS20222,220.0
16AT&T9209,387.5
17HOME DEPOT26200,665.0
18MERCK69195,140.5
19COCA-COLA88189,983.0
20BANK OF AMERICA CORP.25185,226.9
The 500 median12,483.1

Biggest companies by equity

RankCompany500 revenues rank2019 $ millions
1BERKSHIRE HATHAWAY6424,791.0
2BANK OF AMERICA CORP.25264,810.0
3JPMORGAN CHASE & CO.17261,330.0
4ALPHABET11201,442.0
5CITIGROUP31193,242.0
6EXXON MOBIL3191,650.0
7WELLS FARGO30187,146.0
8AT&T9184,221.0
9CHEVRON15144,213.0
10STATE FARM INSURANCE COS.36116,231.9
11MICROSOFT21102,330.0
12FACEBOOK46101,054.0
13APPLE490,488.0
14GOLDMAN SACHS GROUP6090,265.0
15WALT DISNEY4988,877.0
16COMCAST2882,726.0
17MORGAN STANLEY6181,549.0
18INTEL4577,504.0
19WALMART174,669.0
20TRUIST FINANCIAL21766,384.0
The 500 median6,128.4

Biggest companies by employees

RankCompany500 revenues rank2019 number of employees
1WALMART12,200,000
2AMAZON.COM2798,000
3YUM CHINA HOLDINGS361450,000
4KROGER23435,000
5HOME DEPOT26415,700
6BERKSHIRE HATHAWAY6391,500
7FEDEX47389,500
8INTERNATIONAL BUSINESS MACHINES38383,800
9UNITED PARCEL SERVICE43377,640
10TARGET37368,000
11STARBUCKS114346,000
12UNITEDHEALTH GROUP7325,000
13COGNIZANT TECHNOLOGY194292,500
14CVS HEALTH5290,000
15WALGREENS BOOTS ALLIANCE19287,000
16TJX80286,000
17ALBERTSONS COS.55267,000
18PEPSICO51267,000
19LOWE’S44260,000
20WELLS FARGO30259,800
The 500 median26,190

Total return to shareholders, 1 year

RankCompany500 revenues rank2019 %
1FANNIE MAE24194.3
2FREDDIE MAC41183.4
3ADVANCED MICRO DEVICES448148.4
4BUILDERS FIRSTSOURCE425132.9
5SONIC AUTOMOTIVE301129.4
6TENET HEALTHCARE174121.9
7LAM RESEARCH331118.3
8WORLD FUEL SERVICES91104.8
9CAESARS ENTERTAINMENT363100.3
10TARGET3799.3
11BLACKSTONE GROUP42096.6
12LITHIA MOTORS25294.6
13XEROX HOLDINGS34792.5
14GROUP 1 AUTOMOTIVE26492.3
15APPLIED MATERIALS21889.8
16APPLE489.0
17LEIDOS HOLDINGS28988.7
18HOWMET AEROSPACE22683.5
19COTY36679.2
20WESTERN DIGITAL19878.7
The 500 median28.9

Total return to shareholders, 5 years

RankCompany500 revenues rank2014–19 annual rate %
1ADVANCED MICRO DEVICES44876.6
2NVIDIA29264.8
3NETFLIX16446.0
4AMAZON.COM242.9
5BURLINGTON STORES42437.0
6WAYFAIR34835.4
7ADOBE28535.3
8CDW17833.7
9LAM RESEARCH33132.1
10MICROSOFT2130.4
11BUILDERS FIRSTSOURCE42529.9
12CINTAS44129.4
13MASTERCARD19129.1
14BROADCOM13828.7
15BOSTON SCIENTIFIC29627.8
16LEIDOS HOLDINGS28927.7
17FISERV31126.7
18S&P GLOBAL45126.6
19ZOETIS47226.0
20UNITEDHEALTH GROUP725.7
The 500 median8.0

Total return to shareholders, 10 years

RankCompany500 revenues rank2009–19 annual rate %
1NETFLIX16445.0
2CHENIERE ENERGY32938.1
3BROADCOM13835.5
4LITHIA MOTORS25234.9
5UNITED RENTALS34032.8
6XPO LOGISTICS19631.6
7REGENERON PHARMACEUTICALS40531.6
8ULTA BEAUTY41830.3
9AMAZON.COM230.0
10NVIDIA29229.9
11CONSTELLATION BRANDS39228.8
12CHARTER COMMUNICATIONS7128.6
13MASTERCARD19128.5
14CINTAS44128.3
15ROSS STORES20228.3
16CENTENE4228.1
17O’REILLY AUTOMOTIVE31427.7
18APPLE427.3
19UNITEDHEALTH GROUP727.3
20SHERWIN-WILLIAMS18026.7
The 500 median12.8

A version of this article appears in the June/July 2020 issue of Fortune with the headline “How the companies stack up.”