Fortune 500: These Arizona Companies Make 2020 List

Fortune Magazine has released its annual list of the 500 top companies in America, and five of those companies are based in Arizona.

Fortune ranks companies by total annual revenue and, for the eighth consecutive year, Walmart topped the 2020 list with revenues of nearly $533 million, followed by Amazon and Exxon Mobil. Apple and CVS Health ranked No. 4 and No. 5, rounding out the top five spots on the list.

To put the rankings in context, the 500 companies on the 2020 list make up two-thirds of the total U.S. gross domestic product.

The 500 companies employ 29.2 million people worldwide.

Here are the companies in Arizona that made the Fortune 500 list:

• No. 169: Avnet, revenues of $19,518,600
• No. 221: Freeport-McMoRan, revenues of $14,402,000
• No. 305: Republic Services, revenues of $10,299,400
• No. 409: Insight Enterprises, revenues of $7,731,200
• No. 432: Magellan Health, revenues of $7,194,400

Nationally, the top 10 companies on the list are:

1. Walmart
2. Amazon
3. Exxon Mobil
4. Apple
5. CVS Health
6. Berkshire Hathaway
7. UnitedHealth Group
8. McKesson
9. AT&T
10. AmerisourceBergen

You can find the complete list of companies on the Fortune website, or find Arizona companies only.