Business & Tech
20 NJ Companies Make New Fortune 500 List
The annual report released is based on most recent fiscal year filings.
Fortune Magazine has announced its exclusive 500 list for the most recent fiscal year, and New Jersey proved its worth with 20 companies on the 2019 rankings. The Garden State had four in the top 100 (see New Jersey list below).
WalMart led the overall list, but New Brunswick-based Johnson & Johnson came in 37th overall, boasting an $81 billion year in 2018.
This week's release of information marked the 65th annual list, Fortune said. To put the list in context, Fortune writes that just a tenth of the companies on the list are responsible for nearly half of the total $13.7 trillion in revenue. (You can read more in detail about the list via Fortune here).
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According to the company's methodology, businesses are ranked based on total revenues for their respective fiscal years and file financial statements with a government agency.
The full list of New Jersey's 20 Fortune 500 companies and their revenues are:
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- #37 Johnson & Johnson, New Brunswick $81.5 billion
- #50 Prudential Financial, Newark $62.9 billion
- #76 Merck, Kenilworth $42.2 billion
- #77 Honeywell International, Morris Plains $41.8 billion
- #113 PBF Energy, Parsippany $27.1 billion
- #193 Cognizant Technology Solutions, Teaneck $16.1 billion
- #195 Becton Dickinson, Franklin Lakes $15.9 billion
- #207 Celgene, Summit $15.2 billion
- #239 ADP, Roseland $13.3 billion
- #243 Newell Brands, Hoboken $13.0 billion
- #258 Bed Bath & Beyond, Union $12.3 billion
- #291 NRG Energy, Princeton $10.7 billion
- #323 Public Service Enterprise Group, Newark $9.6 billion
- #338 Avis Budget Group, Parsippany $9.1 billion
- #349 Campbell Soup, Camden $8.6 billion
- #404 Quest Diagnostics, Seacaucus $7.531 billion
- #451 Burlington Stores, Burlington $6.6 billion
- #457 Ascena Retail Group, Mahwah $6.5 billion
- #478 Realogy Holdings, Madison $6.0 billion
- #487 Zoetis, Parsippany $5.8 billion
Walmart was followed by Exxon Mobil and Apple on the 2019 list. Berkshire Hathaway and Amazon ranked No.4 and No.5, rounding out the top five spots on the list.
The top 10 companies on the list are:
- Walmart
- Exxon Mobil
- Apple
- Berkshire Hathaway
- Amazon.com
- UnitedHealth Group
- McKesson
- CVS Health
- AT&T
- AmerisourceBergen
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