A headquarters change at a packaging giant has chipped a Fortune 500 company off Richmond’s usual list of eight.
The region landed seven companies on Fortune Magazine’s annual list, which was released Monday and ranks the nation’s largest companies nationwide based on revenue from the previous year.
As usual, Henrico-based Altria Group ranked highest among Richmond companies at No. 154. Despite posting more annual revenue than the previous year ($19.4 billion versus $19.3 billion), the tobacco giant fell six spots from No. 148.
Rounding out the list of local companies are Performance Food Group, CarMax, Dominion Energy, Genworth Financial and Markel.
The only loss for Richmond was WestRock, the packaging company formerly known as MeadWestvaco. WestRock made the list at No. 194, but is now classified as headquartered in Atlanta, despite maintaining a presence in the local market.
Performance Food Group and CarMax stayed put at Nos. 171 and 174, respectively, despite both seeing upticks in annual revenue. PFG and CarMax posted annual revenues of $16.7 billion and $16.6 billion, an increase of $100 million and $770 million, respectively.
Dominion Energy was the only local firm to jump in the rankings, moving up five spots to No. 233. The utility posted $12.5 billion in revenue, up from $11.7 billion last year.
Owens & Minor took the biggest plunge among all local companies, falling 30 spots from No. 288 to No. 318. The healthcare logistics company posted $9.3 billion in revenue, down from $9.7 billion last year.
Combined, the region’s seven Fortune 500s accounted for $89 billion in revenue last year.
Across Virginia, 21 companies made the list, with NoVa-based Freddie Mac ranking highest at No. 38.
Nationally, Walmart retained its top spot on the list for the sixth consecutive year, posting $500 billion in revenue. Electric-car maker Tesla made the largest jump from last year, leaping from No. 383 to No. 260 on the list, which can be viewed here.
Richmond Fortune 500 companies
Rank (2017 rank)
Performance Food Group
Owens & Minor