Performance Food Group dethrones Altria as the first local Fortune 500 company

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Company Rank Returned Previous rank Employees
Performance Food Group 114 $ 25.08 billion 168 20,000
CarMax 136 $ 21.42 billion 173 27,050
Altria Group 138 $ 20.84 billion 167 7,100
Energy of Domination 193 $ 16.12 billion 197 17,300
Markel 311 $ 9.73 billion 335 18,900
Owens & Minor 345 $ 8.7 billion 332 18,800
Genworth Financial 348 $ 8.65 billion 364 3000

Richmond’s resident tobacco king was dethroned in the local Fortune 500 business rankings.

Cigarette giant Altria Group is no longer the top-ranked local company on Fortune magazine’s coveted annual list, a seat it has held annually for at least a decade.

That location, according to the latest ranking released Wednesday, goes to Performance Food Group, the food retailing giant headquartered in West Creek, Goochland County.

Performance Food Group ranked 114th with sales of $ 25.08 billion in 2020. (BizSense File Photos)

Rankings are based on annual revenue.

Altria was also beaten in the rankings by the West Creek neighbor of PFG, the used vehicle retailer CarMax.

PFG achieved a ranking of 114, thanks to revenue of $ 25.08 billion in 2020. The company’s ranking jumped 54 places from last year and revenue increased 27% , although he recorded a loss for the year.

CarMax rose to 136 on the list with 2020 revenue of $ 21.42 billion.

CarMax landed at 136 on the list, with $ 21.42 billion. He was ranked 173rd last year.

Altria, despite falling among her local peers, has jumped in the overall standings to 138 from 167 last year. The company, based at Reynolds Crossing in Henrico, had $ 20.84 billion in revenue in 2020 and remains by far the most profitable of the local businesses on the list with $ 4.4 billion in profits. last year.

Beyond those top three, the Richmond area landed four other top 500 companies. The others were Dominion Energy, Markel, Owens & Minor and Genworth Financial.

Those with Altria, PFG and CarMax are the usual seven in the region, all of which have been in the top 500 for several years.

Altria, which lost the top spot among Richmond-area companies based on 2020 revenues, was by far the most profitable.

Fortune also released its Fortune 1000, which included five other Richmond area companies. They included recruiting firm ASGN, armored vehicle giant Brink’s, convenience store owner ARKO, chemicals maker NewMarket and tobacco company Universal.

Click here for the full ranking, which can be sorted by state and city.

Fortune said the 500 companies on its list generate $ 13.8 trillion in revenue, nearly two-thirds of the U.S. economy.

The top five consisted of Walmart, Amazon, Apple, CVS Health and UnitedHealth.

Virginia landed 39 in the top 1000, including 22 in the top 500.

Among those was mortgage giant Freddie Mac, based in Northern Virginia. He got the 47e place on the list with sales of $ 66.2 billion last year.



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