Fortune 500 2024 By Metro Area(MSA)

[Northern Light]

Originally Posted by MolsonExport

It would be more interesting to see which cities have the "global 500" HQs

https://fortune.com/ranking/global500/

Using the search function from here:

https://fortune.com/ranking/global500/2023/search/

Toronto shows as having six

Brookfield at #117
RBC # 270
TD # 294
George Weston # 336
BMO # 415
BNS #433

The Toronto suburb of Aurora gets 1, with Magna

So Greater Toronto has 7

Canada as a whole has 14

The others are:

Couche Tard (What our American cousins would know as Circle K)
- HQ Laval, Quebec

Cenovus
- HQ Calgary

Suncor
- HQ Calgary

Enbridge
-HQ Calgary

Nutrien
-HQ Saskatoon

Power Corp
- HQ Montreal

Canadian Natural Resources
- HQ Calgary

Overall

Greater Toronto - 7

Calgary - 4

Montreal Area - 2

Saskatoon - 1

[PHX31]

Originally Posted by Trae

Waste Management (which started in Chicago and is actively aquiring another Chicago waste mgmt company) is Houston based, but it's interesting they have hosted that tournament in Phoenix for so long

WM was mentioned, but the waste company in Phoenix isn't Waste Management, it's Republic Services.

Although I believe WM has a pretty large presence here too, but I don't know how large, and it may have presences all over the country.

[Buckeye Native 001]

My bad, I got Waste Management confused for Republic Services.

[BlueDot]

Still curious about the MSA’s with at least 1 Fortune 500. The list one the first page stops at 2.

[Crawford]

Originally Posted by dimondpark

Speaking of F500s, a rather major thing happened locally yesterday as NVIDIA surpassed Apple in market cap! Obviously this figure fluctuates daily but this was a neat development.

Top 30 US Companies by Market Capitalization(HQ MSA) at NY Close, June 6, 2024:
1 Microsoft(Seattle) $3.151T
2 NVIDIA(San Jose) $3.012T
3 Apple(San Jose) $3.003T
4 Alphabet(San Jose) $2.177T
5 Amazon(Seattle) $1.886T
6 Meta(San Francisco) $1.255T
7 Berkshire Hathaway(Omaha) $855.1B
8 Eli Lily(Indianapolis) $790.75B
9 Broadcom(San Jose) $654.9B
10 JPMorgan Chase(New York) $566.5B
11 Tesla(Austin) $558.1B
12 Visa(San Francisco) $549.3B
13 Wal Mart(Fayetteville, AR) $540.7B
14 ExxonMobil(Houston) $507.5B
15 UnitedHealth(Minneapolis) $463.1B
16 Proctor & Gamble(Cincinnati) $391.9B
17 Costco(Seattle) $369.9B
18 Johnson & Johnson(New York) $351.3B
19 Oracle(Austin moving to Nashville) $337.1B
20 Merck(New York) $327.9B
21 Home Depot(Atlanta) $327.5B
22 Bank of America(Charlotte) $312.5B
23 AbbVie(Chicago) $292.1B
24 Chevron(San Francisco) $285.6B
25 Netflix(San Jose) $280.2B
26 Coca-Cola(Atlanta) $275.4B
27 AMD(San Jose) $268.6B
28 Pepsi(New York) $238.5B
29 Qualcomm(San Diego) $236.9B
30 Salesforce(San Francisco) $229.2B

And this is why SJ housing prices are so bats--t insane. Three of the four highest market caps on earth are a few miles apart in SJ area.

Nvidia, especially, is insane. If you invested 1,000 at their IPO you would have nearly $4 million today. They recently had a stock split, so I bet you every third buyer in SJ MSA presently looking at nicer SFH has Nvidia shares.

[JManc]

Originally Posted by Crawford

And this is why SJ housing prices are so bats--t insane. Three of the four highest market caps on earth are a few miles apart in SJ area.

Nvidia, especially, is insane. If you invested 1,000 at their IPO you would have nearly $4 million today. They recently had a stock split, so I bet you every third buyer in SJ MSA presently looking at nicer SFH has Nvidia shares.

It's bleeding well into the East Bay as well. Prices in Fremont and Milpitas are off the charts and only a short commute down 880.

[Gordo]

Originally Posted by Crawford

And this is why SJ housing prices are so bats--t insane. Three of the four highest market caps on earth are a few miles apart in SJ area.

Nvidia, especially, is insane. If you invested 1,000 at their IPO you would have nearly $4 million today. They recently had a stock split, so I bet you every third buyer in SJ MSA presently looking at nicer SFH has Nvidia shares.

Maybe...but Nvidia is also still fairly small in employee count. So even with the runup the wealth has spread around to fewer people directly through RSUs than you'd likely think. Normal payouts from Apple and Google are probably still having a bigger impact on the broader housing market.

[iheartthed]

Nvidia is interesting because I remember when it seemed they'd pretty much lost the race to Intel and were mostly viewed as an also ran. Even as recently as 2016 the company's market cap was pretty unremarkable by Silicon Valley standards and just a fraction of Intel's. I think few people ever envisioned Nvidia being one of the top 3 most valuable companies on earth, with a valuation of almost 30x Intel's.

[homebucket]

Originally Posted by iheartthed

Nvidia is interesting because I remember when it seemed they'd pretty much lost the race to Intel and were mostly viewed as an also ran. Even as recently as 2016 the company's market cap was pretty unremarkable by Silicon Valley standards and just a fraction of Intel's. I think few people ever envisioned Nvidia being one of the top 3 most valuable companies on earth, with a valuation of almost 30x Intel's.

I'm not really a computer geek or anything but my impression is Nvidia (Team Green) and AMD (Team Red) make the best GPUs and Intel (Team Blue) isn't really a competitor in that space. It's mostly for CPUs, along with AMD. So Intel isn't really a direct competitor to Nvidia.

[iheartthed]

Originally Posted by homebucket

I'm not really a computer geek or anything but my impression is Nvidia (Team Green) and AMD (Team Red) make the best GPUs and Intel (Team Blue) isn't really a competitor in that space. It's mostly for CPUs, along with AMD. So Intel isn't really a direct competitor to Nvidia.

I think they all started out going after the CPU business, but yes, Nvidia did focus on GPUs and were favored for things like gaming platforms which was a much smaller business than regular laptops and personal computers. My understanding is that Nvidia has skyrocketed because they are the leader in making GPUs for generative AI. I don't see how Intel cedes that business to Nvidia without a major challenge, though. It appears to be an existential risk to their business as generative AI will be fundamental to tech in the next 5 - 10 years.

[ColDayMan]

Ohio's MSA List:

Cincinnati MSA - 7
*Kroger
*P&G
*W&S
*Fifth Third Bank
*Cincinnati Financial
*Cintas
*American Financial Group

Cleveland MSA - 7
*Progressive
*Sherwin-Williams
*Cleveland-Cliffs
*Parker-Hannifin
*Key Bank
*Avery Dennison
*RPM

Columbus MSA - 5
*Cardinal Health
*Nationwide
*AEP
*Huntington Bank
*Bath & Body Works

Toledo MSA - 4
*Andersons
*Dana
*Owens Corning
*O-I Glass

Akron MSA - 2
*Goodyear
*FirstEnergy

Findlay MicroSA - 1
*Marathon

Wooster MicroSA - 1
*JM Smucker

Toledo, the state's 6th largest metro, has more than a lot of states.

[PHX31]

Originally Posted by ColDayMan

Columbus MSA - 5
*Cardinal Health
*Nationwide
*AEP
*Huntington Bank
*Bath & Body Works

What? This must be a conglomerate of some sort. No way I would have ever thought Bath & Body Works would be a F500 company. I mean, everyone's household (with women in it) has several candles and bottles of Bath & Body Works body wash and lotion lying around unused. But how can that much junk get sold out of malls each year?

[Quixote]

Originally Posted by edale

I didn't say it mattered, just that it's surprising that such a large region has such a low presence of large company HQs. Of course this isn't news to me, but it is kind of jarring to see how low LA ranks on these lists when they're published every year.

I do think HQs matter a lot more to smaller cities, though. If P&G moved its HQ out of Cincinnati, it'd be absolutely devastating for the community and economy there. A city LA's size, which has so many different economic engines, would be able to absorb such a hit much easier.

CSA-wise, LA was for a long time around where Dallas and Houston rank (low 20s). Still an underperformer but not nearly as pronounced. In the last 15 or so years, the following (off the top of my head) have moved HQs:

Northrop Grumman
CBRE
AECOM
Jacobs Engineering
Western Digital
Fluor
Computer Sciences
DaVita
Reliance Steel
Occidental Petroleum
DirecTV
Hilton Hotels

Others were acquired:

Health Net
Activision Blizzard
Oaktree Capital Management

Dole Foods went private.

I mean, that’s a lot of companies. Of course other metro areas have seen companies relocate or get acquired, but I doubt anywhere near the degree of LA.

[sopas ej]

Yeah, it doesn't really matter that Los Angeles doesn't have a lot of Fortune 500 companies. It's not like LA is totally economically depressed.

I mean, Walmart is the number one Fortune 500 company; it doesn't hurt MY feelings that it's not headquartered in Los Angeles.

[Quixote]

^ I think it matters to the extent of the number of good high-paying jobs that moved away. Otherwise, I agree that HQ in name doesn’t matter (i.e. a few hundred local employees vs. a few thousand employees elsewhere).

[mhays]

A lot of HQs are pretty small. Some are 500 people x $100,000 or less (a $50 million local payroll). Others are 50,000 x $150,000 (a $7.5 billion local payroll).

I'm saying this in part to protect Seattle's honor, given our lackluster number of companies on the list...two of ours easily meet the latter criteria.

[Quixote]

^ I was specifically thinking about Boeing when I typed that. I think the Chicago headquarters was home to 500 employees, while the count in Seattle (where it move from) and Arlington (where it moved to) were much higher. Seattle is still very much Boeing's de facto headquarters.

[sopas ej]

Originally Posted by Quixote

^ I think it matters to the extent of the number of good high-paying jobs that moved away. Otherwise, I agree that HQ in name doesn’t matter (i.e. a few hundred local employees vs. a few thousand employees elsewhere).

Yeah, headquarters in name doesn't matter. For 9 years I worked for a Fortune 500 company that was headquartered in Chicago (I left it over 20 years ago), and my partner currently works for a Fortune 500 company that's headquartered in Tokyo.

These companies were never headquartered in Los Angeles, but we don't care. A paycheck is a paycheck.

[BlueDot]

Hey Dimondpark can you post the MSA’s with just 1 Fortune 500 company please ?

[ColDayMan]

Originally Posted by PHX31

What? This must be a conglomerate of some sort. No way I would have ever thought Bath & Body Works would be a F500 company. I mean, everyone's household (with women in it) has several candles and bottles of Bath & Body Works body wash and lotion lying around unused. But how can that much junk get sold out of malls each year?

Shockingly, no: https://en.wikipedia.org/wiki/Bath_%26_Body_Works

It's owned by Bath & Body Works, Inc. (aka the Fortune 500) and still just...sells...soap.