10 Local Companies Make Fortune 500
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Ten local companies made the newest Fortune 500 list. They include some household names like Comcast and Aramark, as well as some newcomers like Navient.
The highest climber from last year was UGI, the King of Prussia, Pa.-based holding company for electric and gas utilities. It jumped 13 slots from 362 to 369.
The biggest drop of any local company was Campbell Soup, which fell from 315 last year to 342 this year. How the mighty have fallen: The company ranked 177 in 1996.
Editor’s Note: For our list, “local” companies are headquartered in Philadelphia, Montgomery, Chester, Bucks and Delaware Counties in Pa.; Camden, Burlington and Gloucester Counties in N.J.; and Wilmington, Del.
Here’s the full list:
16. AmerisourceBergen
Headquarters: Chesterbrook, Pa.
Revenue: $119.5 billion
Profit: $277 million
2014 Rank: 28
Fortune says:
[The company has been] flying high since initiating a partnership with Walgreens Boots Alliance in 2013. The deal was fully implemented in the first quarter of 2015 and given the distributor a healthy profit and revenue boost with even more gains ahead. Full year earnings are expected to be up 16% for fiscal 2015 and up 14% in 2016. As a result of the deal, AmerisourceBergen and Walgreens are able to pool their generic drug buying to get even better discounts from manufacturers—a big boost to their bottom line.
43. Comcast
Headquarters: Philadephia
Revenue: $68.7 billion
Profit: $8.3 billion
2014 Rank: 44
Fortune says:
The No. 1 cable TV and Internet provider has been on a good run. Its broadband business in particular is seeing robust growth, adding more than 1 million customers in 2014.
87. Dupont
Headquarters: Wilmington, Del.
Revenue: $36 billion
Profit: $3.6 billion
2014 Rank: 86
Fortune says:
In May, [CEO Ellen] Kullman fended off a public fight and attempt by [activist investor Nelson] Peltz to grab four board seats by waging an unsuccessful proxy fight. Kullman posits that DuPont will be more a stronger, more profitable company as a diversified conglomerate. The company is currently going through a spinoff of its chemical performance business as they attempt to show growth once again after earnings that been flat over the last few years.
207. Aramark
Headquarters: Philadelphia
Revenue: $14.8 billion
Profit: $149 million
2014 Rank: 209
Fortune says:
The company provides uniform, food and facilities services to establishments like schools, prisons and workplaces.
223. Lincoln National
Headquarters: Radnor, Pa.
Revenue: $13.5 billion
Profit: $1.5 billion
2014 Rank: 232
Fortune says:
The holding company operates insurance businesses that offer annuities, retirement plans, non-medical insurance, and life insurance.
318. Crown Holdings
Headquarters: Philadelphia
Revenue: $9.1 billion
Profit: $387 million
2014 Rank: 313
Fortune says:
The manufacturer of packaging for consumer products makes metal cans for food and beverage companies, including Coca-Cola and PepsiCo.
324. Universal Health Services Inc.
Headquarters: King of Prussia, Pa.
Revenue: $8.7 billion
Profit: $545 million
2014 Rank: 324
Fortune says:
The medical management company operates 241 healthcare facilities in 37 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and the United Kingdom.
342. Campbell Soup
Headquarters: Camden, N.J.
Revenue: $8.4 billion
Profit: $818 million
2014 Rank: 315
Fortune says:
The food company is best known for canned soups but its product portfolio also includes the brands V8, Swanson, Pepperidge Farm, and Prego.
349. UGI
Headquarters: King of Prussia, Pa.
Revenue: $8.2 billion
Profit: $337 million
2014 Rank: 362
Fortune says:
The holding company operates electric and gas utilities as well as fuel and gas transportation services.
463. Navient
Headquarters: Wilmington, Del.
Revenue: $5.6 billion
Profit: $1.1 billion
2014 Rank: n/a
Fortune says:
Spun off from Sallie Mae in 2014, the company is the U.S.’s largest servicer of student loans.
The Top 5:
1. Walmart
Revenue: $485.6 billion
2. Exxon Mobile
Revenue: $382.6 billion
3. Chevron
Revenue: $203.7 billion
4. Berkshire Hathaway
Revenue: $194.6 billion
5. Apple
Revenue: $182.8 billion
