Fortune 500 Companies
We have more Fortune 500 companies per capita than all but one state. And that list has grown substantially in the past few years as more and more companies recognize the tremendous advantages of locating in Minnesota.
There are 19 Fortune 500 companies in the state, including some of the world’s most recognized firms. Minnesota has the tenth-most Fortune 500s in the nation.
Minnesota’s Fortune 500 Companies by State Ranking and Revenue, 2012
|
State Ranking
|
Company Name
|
Fortune 500 Ranking
|
Revenues
($ billions)
|
|
1
|
United Health Group
|
22
|
101.9
|
|
2
|
Target Corporation
|
38
|
69.9
|
|
3
|
Best Buy
|
53
|
50.3
|
|
4
|
Supervalu
|
75
|
37.5
|
|
5
|
CHS
|
78
|
36.9
|
|
6
|
3M
|
102
|
29.6
|
|
7
|
U.S. Bancorp
|
132
|
21.4
|
|
8
|
Medtronic
|
164
|
15.9
|
|
9
|
General Mills
|
181
|
14.9
|
|
10
|
Land O’ Lakes
|
210
|
12.8
|
|
11
|
Xcel Energy
|
246
|
10.7
|
|
12
|
Ameriprise Financial
|
248
|
10.6
|
|
13
|
C.H. Robinson Worldwide
|
259
|
10.3
|
|
14
|
Mosaic
|
268
|
9.9
|
|
15
|
Hormel Foods
|
327
|
7.9
|
|
16
|
Thrivent Financial for Lutherans
|
332
|
7.8
|
|
17
|
Ecolab
|
365
|
6.8
|
|
18
|
St. Jude Medical
|
437
|
5.6
|
|
19
|
Nash Finch
|
498
|
4.8
|
High Ranks By Industry
Several of Minnesota's Fortune 500 companies rank among the top in their respective industries.
- 3M ranks first in conglomerates.
- UnitedHealth Group ranks first in health care insurance.
- Medtronic ranks first in medical products and equipment.
- C.H. Robinson Worldwide ranks first in transportation and logistics.
- Target ranks second in general merchandising.
- CHS ranks second in wholesale food distribution.
- General Mills ranks third in food consumer products.
- Best Buy ranks third in specialty retailing.
- Nash Finch ranks fourth in grocery whole selling.
- Supervalu ranks sixth in food stores.
- Ameriprise Financial ranks seventh in diversified financial services.
- US Bank ranks eighth in commercial banking.
- Mosaic ranks eighth in chemicals.
The Biggest of the Big
Three Minnesota companies are among the top 50 in the Fortune 500 list. They are UnitedHealth Group, Target and Best Buy.