• St. Louis' Fortune 500 Headquarters Total Expands to Ten

    Jun 04, 2018

    Each year Fortune magazine publishes their Fortune 1000 list which ranks publicly traded U.S. companies' total revenues. In 2018, the St. Louis area is home to sixteen Fortune 1000 headquarters – a diverse mix of the region’s top companies in energy, financial services, and health care.

    St. Louis Fortune 1000 Headquarters 2018

     

    Company

    Rank

    Revenues ($ billions)

    1

    Express Scripts

    25

    $100.065

    2

    Centene

    61

    $48.572

    3

    Emerson Electric

    178

    $16.301

    4

    Monsanto

    199

    $14.640

    5

    Reinsurance Group of America

    234

    $12.516

    6

    Jones Financial (Edward Jones)

    376

    $7.597

    7

    Graybar Electric

    426

    $6.631

    8

    Olin

    448

    $6.268

    9

    Ameren

    453

    $6.177

    10

    Peabody Energy

    491

    $5.579

    11

    Post Holdings

    512

    $5.226

    12

    Stifel Financial

    734

    $2.997

    13

    Caleres

    778

    $2.786

    14

    Belden

    851

    $2.389

    15

    Arch Coal

    870

    $2.325

    16

    Edgewell Personal Care

    876

    $2.298

    Source: “Fortune 500” Fortune, 2018.

    This year’s Fortune 500 list features many of the region’s top companies, however, recent mergers and acquisitions, bankruptcies, and external market factors have resulted in changes to companies’ revenue and position on the Fortune 500.

    There are a few notable changes since last year. After recovering from bankruptcy in April 2017, Peabody Energy moved into the Fortune 500 this year. Peabody Energy reported revenue of $1.46 billion for the first quarter of 2018 (1). Centene experienced the largest jump in revenues from $40.6 billion in 2017 to $48.6 billion in 2018, moving them up from 66 to 61. Centene is in the process of building a $770 million campus expansion at their Clayton headquarters which will create 2,000 jobs in the region. Monsanto moved up five spots landing at 199 after reporting $1.5 billion in net income during the first quarter of 2018 (2). Arch Coal, landing at number 15, moved up from 796 last year to 870, the largest jump of any company on the Fortune list. The coal provider’s increase in revenue is notable in an industry beset with falling prices. Panera Bread dropped from the list this year following their acquisition by JAB Holding in 2017 (3).

    Prospective mergers and acquisitions will influence each company’s respective revenue and position on next year’s list. Express Scripts, St. Louis’ largest public company, recently announced its acquisition by Cigna. If the deal is approved, the combined pharmacy benefit management company will be headquartered in Connecticut and will retain Cigna’s name. Monsanto remained in the Fortune 500 after reporting net income of $1.5 billion during the first quarter of 2018, however the agricultural products manufacturer’s pending acquisition should take it off the list next year (4). After pursuing an aggressive M&A strategy which included acquiring Weetabix and Bob Evans, Post Holdings moved up four spots to 512. The consumer goods company may enter the Fortune 500 next year.

    Potential contenders for next year’s Fortune 1000 list include Spire and Energizer Holdings. Spire’s 2017 revenue of $1.7 billion is close to the Fortune 1000 cutoff. In 2016, the natural gas company acquired EnergySouth, Inc. for $344 million. If the company continues its acquisition strategy, Spire may move back into the Fortune 1000. Energizer Holdings is also a contender for next year’s list. Last year the company acquired Spectrum Brands’ Rayovac battery subsidiary and had a reported revenue of $1.8 billion (5).

    The Fortune list’s rankings illustrate St. Louis’ longstanding success as a viable location for headquarters of some of the nation’s most prominent and innovative organizations.

    Sources:

    (1)  “Peabody gives $1.5 million to Washington University” St. Louis Business Journal, May 23, 2018.
    (2)  “St. Louis’ biggest companies are raking it in. Here’s what’s driving the profit boom” St. Louis Business Journal, May 28, 2018.
    (3)  “Biggest Deals 2017: JAB puts Panera Bread Co. on the menu in $7.5 billion deal” St. Louis Business Journal, December 21, 2017.
    (4)  “St. Louis’ biggest companies are raking it in. Here’s what’s driving up the profit boom” St. Louis Business Journal, May 28, 2018.
    (5)  “Energizer to acquire Spectrum Brands’ battery business for $2 billion” St. Louis Business Journal, Jan. 16, 2018.

  • St. Louis’ Fortune 1,000 Headquarters

    Jul 14, 2016

    The Fortune 1,000 is an annual ranking of publicly-traded companies sorted by their revenues. Eighteen Fortune 1,000 companies are headquartered in St. Louis – nine of which are among the top 500. The regional group of Fortune 500 companies remains unchanged since the 2014 ranking, but there have been some remarkable shifts in their standing this year. Listed below are the 18 St. Louis headquarters, their Fortune ranking and their revenue.
     

    Company

    Rank

    Revenue (Billions)

    Express Scripts Holding

    22

    $101.8

    Centene

    124

    $22.8

    Emerson Electric

    128

    $22.3

    Monsanto

    189

    $15.0

    Reinsurance Group of America

    271

    $10.4

    Jones Financial

    382

    $6.7

    Graybar Electric

    423

    $6.1

    Ameren

    425

    $6.1

    Peabody Energy

    458

    $5.6

    Post Holdings

    535

    $4.7

    Olin

    761

    $2.9

    Panera Bread

    797

    $2.7

    Caleres

    824

    $2.6

    Arch Coal

    826

    $2.6

    Edgewell Personal Care

    856

    $2.4

    Stifel Financial

    872

    $2.4

    Belden

    887

    $2.3

    Spire

    980

    $2.0

     

    Centene was the biggest mover on the list, jumping 62 spots in the ranking from 186 in 2015 to 124 in 2016 partially due to their $6.3 billion acquisition of Health Net. Express Scripts retained its position at number 22 and remains the highest-ranking St. Louis headquarters on the list.

    Turmoil in the energy markets has negatively affected some regional headquarters, such as SunEdison, Arch Coal and Peabody Energy. Although SunEdison and Arch Coal no longer qualify for the Fortune list, Peabody remains in the top 500. Sigma-Aldrich is no longer on the list due to its acquisition by Merck. Energizer split into two companies: Energizer and Edgewell Personal Care. This brought a new headquarters to St. Louis, which ranks at 856; however, Energizer’s revenues ranked below the cutoff point. Spire, formerly the Laclede Group, rejoined the Fortune ranking after its acquisition of EnergySouth earlier this year.

    The Fortune 1,000 list alone does not encompass all the large headquarters in the region. Many businesses do not qualify for the list because they are privately owned, such as Enterprise Rent-A-Car and World Wide Technology, or are nonprofits like BJC HealthCare. These headquarters are major sources of economic activity in the region which bring in similar revenues compared to local companies ranked on the Fortune list.

    The Fortune 1,000 list fluctuates due to the ever-changing business landscape. Despite this, St. Louis headquarters consistently rank high and continue to grow. These standings document St. Louis’ long-term viability as a headquarters location for some of the nation’s largest and most innovative companies.