News Summary
Rhode Island’s CVS Health Corp. has climbed to 5th place in the 2025 Fortune 500 rankings, reporting annual revenue of $772.8 billion. In total, 23 companies from Rhode Island and Massachusetts appear on the list, which reflects the economic health and impacts of these businesses in the region. Walmart continues to hold the number one position, while Amazon ranks second. The list illustrates the competitiveness of the corporate sector and the significant contributions these companies make to the economy.
Rhode Island is leading the way in the corporate world with its own CVS Health Corp. topping the 2025 Fortune 500 rankings. The list features a total of 23 companies from Rhode Island and Massachusetts, of which CVS Health ranks 5th overall. The company reported a staggering $772.8 billion in annual revenue, up from its 6th place position in 2024.
The Fortune 500 list ranks America’s largest companies by annual revenue and serves as a benchmark for economic health and corporate performance. The total revenue generated by the companies on the 2025 list amounts to approximately $18.84 trillion, accounting for two-thirds of the U.S. GDP. These companies together employ around 31 million people globally, reflecting their immense influence on the economy.
Following CVS Health, the highest-ranked company from Massachusetts is TJX, which sits at 78th place on the list. This demonstrates that the Bay State is also home to significant corporate players, contributing to the overall economic landscape of the region.
The revenue threshold to make it onto the Fortune 500 list is set at $7.4 billion, underscoring the scale of these businesses. The top 10 companies collectively generated an impressive $3.7 trillion in revenue, with Walmart maintaining its position as the number one company for the 11th consecutive year. This long-standing dominance highlights the company’s consistent performance in the retail sector.
Amazon, having made significant gains, now ranks 2nd, reflecting its rapid growth in e-commerce and technology services. Other major players in the top 10 include UnitedHealth Group, Apple, Berkshire Hathaway, and Exxon Mobil, showcasing a diversity of industries from retail and healthcare to technology and energy.
The Fortune 500 list is closely watched by investors, analysts, and the public, as it not only signifies financial success but often serves as an indicator of broader economic trends. Companies that appear on the list generally invest heavily in their workforces, research, and community initiatives, thus actively shaping the employment landscape and economic conditions.
In addition to CVS Health and TJX, other notable companies from Rhode Island and Massachusetts include Providence-based companies and various Boston-area firms that have achieved remarkable success over the years. Their contributions are vital to the local economies, fostering innovation and job creation.
The 2025 Fortune 500 list illustrates the competitive nature of the corporate environment in Rhode Island and Massachusetts, reinforcing the importance of these businesses in driving economic growth and stability. As these companies continue to evolve and expand, they play a crucial role in the economic prosperity of their states and the nation as a whole.
In conclusion, Rhode Island’s CVS Health, standing tall at 5th in the Fortune 500 rankings, exemplifies the strength of local businesses in achieving national prominence. With a robust economy reflected in the significant revenues of the top companies, both Rhode Island and Massachusetts remain key players on the corporate stage.
Deeper Dive: News & Info About This Topic
- NBC Boston: New England Companies on Fortune 500 List
- Wikipedia: Fortune 500
- PBN: R.I. Companies on Fortune 500 List
- Google Search: Fortune 500 2025
- Fortune: 2025 Fortune 500 List
- Encyclopedia Britannica: Fortune 500
- Rhode Island Current: Insurance Bill for FM Expansion
- Google News: Rhode Island businesses
Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
