The Fortune 500 list for 2024 has been released, and several companies based in Northeast Ohio have made the cut. Among them is Progressive, a Mayfield Village-based company that ranked No. 62 overall on the list. The revenue threshold for making the Fortune 500 this year was $7.1 billion, down from last year's threshold of $7.3 billion.
Several other Northeast Ohio companies also made it onto the list, including Sherwin-Williams, Parker Hannifin, and KeyCorp. These companies join Walmart as the largest corporations in the United States based on revenue for their respective fiscal years.
The Fortune 500 list is an annual ranking of America's biggest companies by total revenue. It serves as a barometer for the health and direction of American business, and it is widely considered a measure of economic power and stability.
Here are some key facts about the Northeast Ohio companies that made it onto the Fortune 500 list for 2024:
- Progressive: Ranked No. 62 overall with revenues of $31.8 billion.
- Sherwin-Williams: Ranked No. 179 overall with revenues of $16.9 billion.
- Parker Hannifin: Ranked No. 205 overall with revenues of $15.4 billion.
- KeyCorp: Ranked No. 238 overall with revenues of $13.8 billion.
These companies join a prestigious list that includes some of the biggest names in American business, such as Walmart, Amazon, and Apple.
It's important to note that while the Fortune 500 is a valuable resource for understanding the economic landscape of America, it should not be taken as gospel. Companies can manipulate their revenue figures to make themselves appear larger or smaller than they actually are. It's always a good idea to do your own research and consider multiple sources when evaluating the financial health of a company.
