Fortune’s annual Fortune 500 list of the 500 largest U.S. companies based on annual revenue includes 20 headquartered in the D.C. area, though one will fall off next year’s list and one is technically dual-headquartered.
Highest ranking on the list locally, based on 2024 revenue, is Amazon, which now claims headquarters in both its hometown Seattle and at its HQ2 in Arlington. Amazon had $575 billion in revenue last year, up 11.8% from a year ago.
No. 429 on the Fortune 500 list is Herndon, Virginia-based Beacon Roofing Supply, with $9.2 billion in annual revenue, up 8.2% from a year ago. Beacon Roofing also jumped 20 places on this year’s list, though it agreed in March to be acquired by Greenwich, Connecticut-based QXO Building Products in a deal worth $11 billion.
Amazon aside, the highest ranked locally headquartered company on the new Fortune 500 list is D.C.-based Fannie Mae, at No. 27, with $141 billion in revenue. It rose one spot from the 2024 Fortune 500 list. Fannie Mae is followed by fellow mortgage giant, McLean-based Freddie Mac, at No. 36, with $109 billion in revenue. Freddie Mac rose nine places from last year’s list.
Aerospace giant Boeing moved its headquarters from Chicago to Arlington in 2022. It ranks No. 52 on the Fortune 500 list, with $77.9 billion in 2024 revenue, up six places from last year.
Nationally, the top five on the 2025 Fortune 500 list are Walmart, Amazon, UnitedHealth Group, Apple and CVS Health.
