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Walmart Nabs Top Spot on Fortune 500 (Again)

Retailer led the way in year of record-setting profits for publicly held U.S. companies

Published

11 months ago

June 2, 2025

Walmart has topped the Fortune 500 rankings for the 13th year; shown is a summer fashion display at its recently opened next-generation store, in Cypress, Texas. Photo: Courtesy of Walmart

The latest list of America’s largest public companies (by revenues) is out, again topped by Walmart (Bentonville, Ark.). The discount giant racked up more than $684 billion in sales for fiscal 2024, followed by Amazon ($574.8 billion) and Apple ($383.3 billion).

This is Walmart’s 13^th straight year atop the Fortune 500, during that time it had than $7 trillion in cumulative revenue. (The Fortune editors also noted that online behemoth Amazon is just $43 billion behind Walmart, the narrowest gap ever between the two retailers.) Beyond the top three mentioned above, other companies appearing on the list’s retailing sector include:

Costco Wholesale (#12); Home Depot (24); Target (41); Lowe’s (52); TJX (76); Best Buy (108); Dollar General (112); Lithia Motors (124); Dollar Tree (139); Penske Automotive Group (141); Coupang (142); CarMax (151); Auto Nation (160); Macy’s (193); Ross Stores (204); BJ’s Wholesale Club (207); Group 1 Automotive (214); AutoZone (227); Murphy USA (231); Asbury Automotive Group (242); O’Reilly Automotive (249); and Kohl’s (261); Gap (290); Nordstrom (291) Tractor Supply (296); Casey’s General Stores (297); Sonic Automotive (304); Carvana (314); Dick’s Sporting Goods (318); Chewy (357); Wayfair (358); Avis (360); Ulta Beauty (375); Advance Auto Parts (389); Burlington Stores (399); Lululemon athletica (401); QVC Group (416); Hertz (440); Foot Locker (473); and Bath & Body Works (481).

The rankings were further broken down into rankings for specific industries within retail (there is some overlap in the lists below with the retailing sector detailed above). Those subcategories are:

Apparel: Nike (#88); VF (355); PVH (425); Skechers U.S.A. (465)

Food and Drug Stores: Kroger (#25); Walgreens Boots Alliance (28); Albertsons (53); Publix Super Markets (72); and Rite Aid (171).

Specialty Retailers, Apparel: TJX (#80); Ross Stores (201); Gap (278); Burlington Stores (404); Lululemon athletica (411); and Foot Locker (458).

Specialty Retailers, Other: Home Depot (#23); Lowe’s (49); Best Buy (100); Dollar General (111); Dollar Tree (143); Murphy USA (214); AutoZone (236); O’Reilly Automotive (261); Casey’s General Stores (274); Tractor Supply (293); Dick’s Sporting Goods (313); Advance Auto Parts (358); Ulta Beauty (360); ARKO (453); ODP (469); Williams-Sonoma (474); and Bath & Body Works (481).

“Across the board, American business performance was off the charts last year: 2024 was the most profitable year on record for the Fortune 500, which posted a collective $1.87 trillion in earnings,” Alyson Shontell, Fortune Editor in Chief and Chief Content Officer noted in her foreword to the June/July 2025 issue of the magazine, which contains the list. “But plenty of business leaders still understand that stakeholder capitalism is the smartest long-term financial strategy and that reinvesting profits in your employees and customers can build a better legacy for your company.”