22 N.J. companies make 2018 Fortune 500 list

By Eric Strauss
New Jersey | May 21, 2018 at 10:22 am
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The annual Fortune 500 list of the nation’s biggest companies by revenue came out Monday, and 22 New Jersey companies made the cut — although only one placed in the Top 50.

That was New Brunswick-based Johnson & Johnson, which ranked 37th overall, with revenue of $76.45 billion.

Newark-based Prudential Financial was the next-highest-ranked Garden State company, coming in at No. 52 with revenue of $59.69 billion. Honeywell, headquartered in Morris Plains, and Merck & Co., based in Kenilworth, also cracked the Top 100 — Honeywell was No. 77, with revenue of $40.53 billion, while Merck was a slot behind, with revenue of $40.12 billion.

Fortune pointed out that, with Denise Morrison’s retirement as CEO of Campbell Soup Co. last week, only 24 companies on the list are led by women. Campbell ranked No. 358 overall, with revenue of $7.89 billion.

Toys R Us, in the midst of going out of business, nevertheless made the cut at No. 272, thanks to its revenue of $11.15 billion last year.

The New Jersey companies in the Fortune 500 were:

37. Johnson & Johnson, $76.45 billion;
52. Prudential Financial, $59.69 billion;
77. Honeywell International, $40.53 billion;
78. Merck & Co., $40.12 billion;
135. PBF Energy, $21.79 billion;
195. Cognizant Technology Solutions, $14.81 billion;
196. Newell Brands, $14.74 billion;
224. Celgene, $13 billion;
243. ADP, $12.38 billion;
248. Bed Bath & Beyond, $12.22 billion;
251. Becton Dickinson & Co., $12.09 billion;
269. NRG Energy, $11.28 billion;
272. Toys R Us, $11.15 billion;
327. Public Service Enterprise Group, $9.08 billion;
333. Avis Budget Group, $8.85 billion;
358. Campbell Soup Co., $7.89 billion;
367. Quest Diagnostics, $7.71 billion;
423. ascena retail group, $6.65 billion;
458. Realogy Holdings, $6.11 billion;
459. Burlington Stores, $6.11 billion;
466. Conduent, $6.02 billion;
479. Wyndham Worldwide, $5.82 billion.

Conduent was one of 17 newcomers to the list, Fortune said, while Celgene was one of the biggest movers on the list, rising 30 spots.

Walmart was No. 1 overall on the list for the sixth straight year, with revenue of $500.34 billion, Fortune said. The cutoff to make the list of 500 was $5.4 billion in annual revenue.

The rest of the Top 10:

2. ExxonMobil, $244.36 billion;
3. Berkshire Hathaway, $242.14 billion;
4. Apple, $229.23 billion;
5. UnitedHealth Group, $201.16 billion;
6. McKesson, $198.53 billion;
7. CVS Health, $184.77 billion;
8. Amazon, $177.87 billion;
9. AT&T, $160.55 billion;
10. General Motors, $157.31 billion.

Among other New Jersey companies, Zoetis just missed the cut, ranking 507th, with revenue of $5.31 billion. Other New Jersey companies in the Top 1000 included: Church & Dwight, American Water Works, Pinnacle Foods, Selective Insurance Group, Hovnanian Enterprises, New Jersey Resources, Verisk Analytics, Catalent, Barnes & Noble Education and Children’s Place.

For the complete list, click here.

Eric Strauss | estrauss@roi-nj.com | acerimrat