DFW has new No. 1 on Fortune 500

 

McKesson now claims top spot in North Texas after Exxon's move to Houston area

 

DALLAS — Read this story and more North Texas business news from our partners at the Dallas Business Journal

 


Dallas-Fort Worth has 21 companies on the latest Fortune 500, published June 4. That was down slightly from last year, when the list featured 24 companies from the region, and there were several notable changes to the ranking.

The highest-ranked DFW company on the list is now No. 9 McKesson Corp. (NYSE: MCK), based on 2023 revenue of $276.7 billion, after No. 7 Exxon Mobil Corp. (NYSE: XOM) last summer completed its move to the Houston area from North Texas. McKesson, a pharmaceutical distribution and health care services and supplies company, moved to North Texas from California in 2019.

 

The change might elicit a shrug from readers, since the Exxon move has been widely covered. But it speaks to the hole left by the relocation. Exxon is a Fortune 500 stalwart: it's one of only 49 companies that have made the list every year since its debut in 1955.

 


The biggest gainers on the list for North Texas were Fluor (NYSE: FLR), which jumped 38 spots from the prior year's ranking to No. 265, and Yum China Holdings Inc. (NYSE: YUMC), which climbed 37 spots to No. 368. Irving-based Fluor is a major engineering and construction company while Plano-based Yum China owns and operates fast food chains including KFC and Pizza Hut in the world's second most populous country.

 

The biggest DFW dropper on the Fortune 500 was No. 240 Builders FirstSource (NYSE: BLDR), which slipped 68 spots from a year earlier. The Irving-based company reported a nearly 25% drop in revenue last year. CEO Dave Rush described "a challenging operating environment in 2023," with "a significant reduction in single-family starts."

 

There were 47 DFW companies on the expanded Fortune 1000. The average year-over-year increase in revenue among those 47 companies was 4.2% while the average change in profit was 6.9%.

 

Fortune’s lists rank companies that are incorporated in the U.S., operate in the U.S. and file financial statements with a government agency, which can include more than standard publicly traded companies. Companies are ranked by total revenue for their respective fiscal years, but Fortune also lists profits, assets, market value, number of employees and more.

 

For more information, check out the full Fortune ranking. Below are the DFW companies on the Fortune 1000 with their national rank. And for more info about North Texas public companies, check out Dallas Business Journal's recent special report.

 

9. McKesson

 

32. AT&T

 

51. Energy Transfer

 

59. Caterpillar

 

86. American Airlines Group

 

120. D.R. Horton

 

137. HF Sinclair

 

138. CBRE Group

 

159. Southwest Airlines

 

160. Charles Schwab

 

195. Tenet Healthcare

 

198. Kimberly-Clark

 

234. Texas Instruments

 

240. Builders FirstSource

 

249. Jacobs Solutions

 

265. Fluor

 

283. Vistra

 

291. AECOM

 

368. Yum China Holdings

 

369. Celanese

 

438. Commercial Metals

 

511. EnLink Midstream

 

523. Darling Ingredients

 

586. Frontier Communications

 

587. Primoris Services

 

607. Globe Life

 

624. GameStop

 

627. Comerica

 

645. Lennox International

 

648. Nexstar Media Group

 

703. Flowserve

 

710. Atmos Energy

 

727. ATI

 

731. Brinker International

 

747. Upbound Group

 

765. Copart

 

774. AMN Healthcare Services

 

788. Sally Beauty Holdings

 

837. Range Resources

 

839. Match Group

 

860. FirstCash Holdings

 

882. Cinemark Holdings

 

891. Trinity Industries

 

909. Sabre

 

930. Matador Resources

 

971. ProFrac Holding

 

981. Encore Wire

 

Houston Business Journal's Olivia Pulsinelli contributed reporting.

 

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