Fortune 500: These 6 Maryland Companies Made The 2021 List


Correction: Patch has updated the list to show the 2021 members of the Fortune 500 from Maryland, which includes six companies. The 2020 list was incorrectly published at first.

MARYLAND — Fortune Magazine released its annual list of the 500 top companies in America this week, and six of those companies are based in Maryland. That represents double the number that made the list in 2020, when three Maryland companies were among the Fortune 500.

This year marks the 67th edition of the Fortune 500, which ranks companies by total annual revenue. Combined, the corporations on this year’s list employ about 29.1 million people worldwide and generated $13.8 trillion in revenue in the last fiscal year, accounting for about two-thirds of the total U.S. gross domestic product.

The six Maryland companies to make the list range from hospitality to technology companies.

Here are the companies in Maryland that made this year’s Fortune 500 list:

  • Lockheed Martin of Bethesda, $65,398,000,000 in revenue; 49th on Fortune 500
  • Discovery of Silver Spring, $10,671,000,000 billion in revenue; 290th on Fortune 500
  • Marriott International of Bethesda, $10,571,000,000 in revenue; 293rd on Fortune 500
  • T. Rowe Price of Baltimore, $6,206,700,000 in revenue; 447th on Fortune 500
  • Sinclair Broadcast Group of Hunt Valley, $5,943,000,000 in revenue; 465th on Fortune 500
  • McCormick of Hunt Valley, $5,601,300,000 in revenue; 482nd on Fortune 500

The top 10 companies on this year’s national list are the following:

  1. Walmart
  2. Amazon
  3. Apple
  4. CVS Health
  5. UnitedHealth Group
  6. Berkshire Hathaway
  7. McKesson
  8. Amerisource Bergen
  9. Alphabet
  10. Exxon Mobil

This is the ninth year Walmart has topped the list of Fortune 500 companies.

You can find the complete list of companies as well as the list methodology on Fortune’s website.

Like many things, the coronavirus pandemic took a mostly negative toll on this year’s Fortune 500. As the world locked down, hitting pause on the global economy, the overall profits of Fortune 500 companies dropped from $1.24 trillion to $859 billion. More than 70 percent of Fortune 500 sectors saw a decline in profits.

A few sectors saw increases, the list notes, including technology and household products, the latter of which reported a 106 percent increase in profits.

Women hit some big milestones on this year’s list. The number of women running businesses on the Fortune 500 hit an all-time record of 41; and, for the first time ever, two Black women are running Fortune 500 businesses (Roz Brewer of No. 16 Walgreens Boots Alliance and Thasunda Brown Duckett of No. 79 TIAA).

— By Megan VerHelst and Elizabeth Janney


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