Moderna, Zillow and 28 More Companies That Made the Fortune 500 in 2022

Cambridge, MA, USA - June 29, 2022: Front view of the headquarters of Moderna, Inc.
hapabapa / Getty Images

The Fortune 500 is a much-lauded list of the America’s biggest companies. Qualification is solely based on a company’s revenues. The 2022 edition is the 68th in its history.

Holiday Spending: Get Top Holiday Shopping and Savings Tips
Take a Look Back: 2022 Year in Review

There is always turnover in the Fortune 500 based on the rising and falling fortunes of America’s biggest companies. This is particularly true in recent years, when fortunes are made and lost more dramatically thanks to a variety of market factors.

Typically, membership on the list is an imprimatur of quality and status, but it can also simply reflect current market trends. Moderna, for example, was a company with no products or revenue to speak of until the outbreak of the coronavirus pandemic, at which time it catapulted into the big leagues with billions of dollars of revenue. Coinbase Global only went public in 2021 and rose to prominence on the back of the cryptocurrency surge, but whether or not it continues to rise up the Fortune 500 or drop off it will likely depend on whether the current “crypto winter” passes.

Make Your Money Work Better for You

The surge in oil prices has helped boost the revenue of countless energy companies in 2022, some of which now find their names on the Fortune 500 for the first time. Here’s a look at the financial highlights of the 30 companies that are new to the Fortune 500 in 2022, including their ranking, revenues, profits, assets, market value and number of employees.

171. Cleveland-Cliffs

  • Fortune 500 2022 Rank: 171
  • Revenues: $20,444,000,000
  • Profits: $2,988,000,000
  • Assets: $18,975,000,000
  • Market Value: $16,891,200,000
  • Employees: 26,000

195. Moderna

  • Fortune 500 2022 Rank: 195
  • Revenues: $18,471,000,000
  • Profits: $12,202,000,000
  • Assets: $24,669,000,000
  • Market Value: $69,424,300,000
  • Employees: 2,700

309. Devon Energy

  • Fortune 500 2022 Rank: 309
  • Revenues: $12,206,000,000
  • Profits: $2,813,000,000
  • Assets: $21,025,000,000
  • Market Value: $39,274,100,000
  • Employees: 1,600

Take Our Poll: How Has Inflation Impacted Your Holiday Shopping Plans?

322. International Flavors & Fragrances

  • Fortune 500 2022 Rank: 322
  • Revenues: $11,656,000,000
  • Profits: $270,000,000
  • Assets: $39,658,000,000
  • Market Value: $33,455,600,000
  • Employees: 24,000

335. Caesars Entertainment

  • Fortune 500 2022 Rank: 335
  • Revenues: $11,110,000,000
  • Profits: -$1,019,000,000
  • Assets: $38,031,000,000
  • Market Value: $16,564,600,000
  • Employees: 49,000

364. MGM Resorts International

  • Fortune 500 2022 Rank: 364
  • Revenues: $9,680,100,000
  • Profits: $1,254,400,000
  • Assets: $40,899,100,000
  • Market Value: $18,257,900,000
  • Employees: 60,500

386. Apollo Global Management

  • Fortune 500 2022 Rank: 386
  • Revenues: $9,124,000,000
  • Profits: $1,838,500,000
  • Assets: $30,501,900,000
  • Market Value: $37,194,000,000
  • Employees: 2,153

395. Jackson Financial

  • Fortune 500 2022 Rank: 395
  • Revenues: $8,848,000,000
  • Profits: $3,183,000,000
  • Assets: $375,484,000,000
  • Market Value: $3,895,100,000
  • Employees: 3,150

398. Carlyle Group

  • Fortune 500 2022 Rank: 398
  • Revenues: $8,782,100,000
  • Profits: $2,974,700,000
  • Assets: $21,250,400,000
  • Market Value: $17,427,500,000
  • Employees: 1,850

401. UFP Industries

  • Fortune 500 2022 Rank: 401
  • Revenues: $8,636,100,000
  • Profits: $535,600,000
  • Assets: $3,245,300,000
  • Market Value: $4,790,500,000
  • Employees: 15,000
Make Your Money Work Better for You

404. Expedia Group

  • Fortune 500 2022 Rank: 404
  • Revenues: $8,598,000,000
  • Profits: $12,000,000
  • Assets: $21,548,000,000
  • Market Value: $30,746,500,000
  • Employees: 14,800

424. Zillow Group

  • Fortune 500 2022 Rank: 424
  • Revenues: $8,147,400,000
  • Profits: -$527,800,000
  • Assets: $10,695,500,000
  • Market Value: $12,287,100,000
  • Employees: 8,005

425. Opendoor Technologies

  • Fortune 500 2022 Rank: 425
  • Revenues: $8,021,000,000
  • Profits: -$662,000,000
  • Assets: $9,506,000,000
  • Market Value: $5,364,100,000
  • Employees: 2,816

430. GXO Logistics

  • Fortune 500 2022 Rank: 430
  • Revenues: $7,940,000,000
  • Profits: $153,000,000
  • Assets: $7,271,000,000
  • Market Value: $8,193,000,000
  • Employees: 97,500

431. APA

  • Fortune 500 2022 Rank: 431
  • Revenues: $7,928,000,000
  • Profits: $973,000,000
  • Assets: $13,303,000,000
  • Market Value: $14,332,300,000
  • Employees: 2,253

437. Coinbase Global

  • Fortune 500 2022 Rank: 437
  • Revenues: $7,839,400,000
  • Profits: $3,624,100,000
  • Assets: $21,274,400,000
  • Market Value: $41,670,400,000
  • Employees: 3,730

447. Hess

  • Fortune 500 2022 Rank: 447
  • Revenues: $7,583,000,000
  • Profits: $559,000,000
  • Assets: $20,515,000,000
  • Market Value: $33,155,200,000
  • Employees: 1,545

461. TravelCenters of America

  • Fortune 500 2022 Rank: 461
  • Revenues: $7,336,800,000
  • Profits: $58,500,000
  • Assets: $3,508,500,000
  • Market Value: $637,500,000
  • Employees: 16,540

462. Hertz Global Holdings

  • Fortune 500 2022 Rank: 462
  • Revenues: $7,336,000,000
  • Profits: $366,000,000
  • Assets: $19,783,000,000
  • Market Value: $9,508,900,000
  • Employees: 23,000

479. Diamondback Energy

  • Fortune 500 2022 Rank: 479
  • Revenues: $6,797,000,000
  • Profits: $2,182,000,000
  • Assets: $22,898,000,000
  • Market Value: $24,320,000,000
  • Employees: 870

480. Victoria’s Secret

  • Fortune 500 2022 Rank: 480
  • Revenues: $6,784,600,000
  • Profits: $646,400,000
  • Assets: $4,344,000,000
  • Market Value: $4,330,400,000
  • Employees: 24,000

483. ON Semiconductor

  • Fortune 500 2022 Rank: 483
  • Revenues: $6,739,800,000
  • Profits: $1,009,600,000
  • Assets: $9,626,000,000
  • Market Value: $27,078,700,000
  • Employees: 31,650

485. EnLink Midstream

  • Fortune 500 2022 Rank: 485
  • Revenues: $6,685,900,000
  • Profits: $22,400,000
  • Assets: $8,483,200,000
  • Market Value: $4,670,600,000
  • Employees: 1,073

486. Southwestern Energy

  • Fortune 500 2022 Rank: 486
  • Revenues: $6,667,000,000
  • Profits: -$25,000,000
  • Assets: $11,848,000,000
  • Market Value: $7,989,700,000
  • Employees: 938
Make Your Money Work Better for You

488. Dillard’s

  • Fortune 500 2022 Rank: 488
  • Revenues: $6,624,300,000
  • Profits: $862,500,000
  • Assets: $3,245,600,000
  • Market Value: $4,928,200,000
  • Employees: 25,350

491. Landstar System

  • Fortune 500 2022 Rank: 491
  • Revenues: $6,540,400,000
  • Profits: $381,500,000
  • Assets: $2,045,500,000
  • Market Value: $5,600,000,000
  • Employees: 1,399

492. CF Industries Holdings

  • Fortune 500 2022 Rank: 492
  • Revenues: $6,538,300,000
  • Profits: $917,100,000
  • Assets: $12,375,200,000
  • Market Value: $214,551,300,000
  • Employees: 3,003

494. Robert Half Holdings

  • Fortune 500 2022 Rank: 494
  • Revenues: $6,461,400,000
  • Profits: $598,600,000
  • Assets: $2,952,400,000
  • Market Value: $12,638,100,000
  • Employees: 14,600

495. Compass

  • Fortune 500 2022 Rank: 495
  • Revenues: $6,421,000,000
  • Profits: -$494,100,000
  • Assets: $1,800,600,000
  • Market Value: $3,358,800,000
  • Employees: 4,775

498. ARKO

  • Fortune 500 2022 Rank: 498
  • Revenues: $6,412,600,000
  • Profits: $59,200,000
  • Assets: $2,942,300,000
  • Market Value: $1,133,900,000
  • Employees: 11,236

More From GOBankingRates

Methodology: For this support piece, GOBankingRates used the 2022 Fortune 500 list to highlight the 30 new companies to the list for the year and highlight some of the companies financials. All data was collected and is up to date as of November 21, 2022.

Share This Article:

facebook sharing button
twitter sharing button
linkedin sharing button
email sharing button
Make Your Money Work Better for You

About the Author

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.
Learn More

BEFORE YOU GO

See Today's Best
Banking Offers

1pximage