The IndustryWeek U.S. 500 list of the nation's largest manufacturers indicates that 2008 was not a complete disaster. Total
IW 500 revenue in 2008 rose to $5.8 trillion from $5.4 trillion the previous year, showing that U.S.-based manufacturers are still growing.
The top three companies on the list remain unchanged from 2007 with oil producers
Exxon Mobil Corp.,
Chevron Corp. and
ConocoPhillips occupying the same spots, respectively. While oil prices fell during the latter part of 2008, a record $147 per barrel high in July was enough to drive Exxon's profits to another all-time record of $45.2 billion on revenue of $466.3 billion.
Other manufacturers weren't so fortunate, notably the auto industry (see "
A Tale of Two Industries"), as
General Motors Corp.,
Ford Motor Co. and several of their suppliers saw dramatic revenue declines in 2008. GM dropped to its lowest ranking on the
IW 500, falling from the fourth spot to No. 5 behind
General Electric Co. (GM was ranked No. 2 on the list as recently as 2007.)
Meanwhile, food processor
Archer Daniels-Midland Co. jumped 12 spots to No. 12 on the list, buoyed by higher selling prices in response to rising commodity costs. As expected, manufacturers associated with the homebuilding industries struggled, with such companies as
Weyerhaeuser Co. falling 66 spots to No. 134.
Among the companies falling off the IW 500 this year because of acquisitions are Anheuser-Busch Cos. Inc. (acquired by InBev), Wm. Wrigley Jr. Co. (acquired by Mars Inc.) and Barr Pharmaceuticals Inc. (acquired by Teva Pharmaceuticals).
One of the many newcomers to the list since last year include adhesives and coatings equipment maker Nordson Corp. (See "
Nordson's 1.1 Billion Reasons for Optimism").
View the complete IW U.S. 500 list here. The list can be viewed alphabetically or by industry, ranking and financial performance.
| The First 20 |
|
IW 500 Rank 2009 |
Company |
2008 Revenue ($ millions) |
|
1 |
Exxon Mobil Corp. |
466,278 |
|
2 |
Chevron Corp. |
267,639 |
|
3 |
ConocoPhillips |
241,932 |
|
4 |
General Electric Co. |
182,515 |
|
5 |
General Motors Corp. |
148,979 |
|
6 |
Ford Motor Co. |
146,277 |
|
7 |
Valero Energy Corp. |
119,114 |
|
8 |
Hewlett-Packard Co. |
118,364 |
|
9 |
IBM Corp. |
103,630 |
|
10 |
Procter & Gamble Co. |
83,503 |
|
11 |
Marathon Oil Corp. |
77,804 |
|
12 |
Archer-Daniels-Midland Co. |
69,816 |
|
13 |
Johnson & Johnson |
63,747 |
|
14 |
Philip Morris International Inc. |
63,640 |
|
15 |
Dell Inc. |
61,101 |
|
16 |
Boeing Co. |
60,909 |
|
17 |
Microsoft Corp. |
60,420 |
|
18 |
United Technologies Corp. |
58,681 |
|
19 |
Dow Chemical Co. |
57,514 |
|
20 |
Sunoco Inc. |
54,124 |
| Top Industrial Sectors By Revenue |
|
Industry |
# of Companies |
Revenue (millions) |
|
Petroleum & Coal Products |
46 |
$1,584,099 |
|
Computers & Other Electronic Products |
53 |
$632,835 |
|
Chemicals |
61 |
$447,366 |
|
Motor Vehicles |
9 |
$343,634 |
|
Pharmaceuticals |
20 |
$304,193 |
|
Electrical Equipment & Appliances |
18 |
$285,472 |
|
Food |
25 |
$281,072 |
|
Machinery |
39 |
$257,957 |
|
Aerospace & Defense |
11 |
$249,048 |
|
Motor Vehicle Parts |
13 |
$141,726 |
| Leaders in Key Industries |
|
Rank |
Company Revenue |
(in millions) |
Revenue Growth % |
Profit Margin % |
|
Aerospace & Defense |
|
16 |
Boeing Co. |
$60,909 |
-8.25 |
4.39 |
|
18 |
United Technologies Corp. |
$58,681 |
7.16 |
7.99 |
|
25 |
Lockheed Martin Corp. |
$42,731 |
2.08 |
7.53 |
|
32 |
Northrop Grumman Corp. |
$33,887 |
5.84 |
-3.72 |
|
52 |
Raytheon Co. |
$23,174 |
8.79 |
7.21 |
|
Apparel |
|
62 |
Nike Inc. |
$18,627 |
14.09 |
10.11 |
|
141 |
VF Corp. |
$7,642 |
5.86 |
7.89 |
|
230 |
Liz Claiborne Inc. |
$3,984 |
-12.94 |
-23.89 |
|
233 |
Cintas Corp. |
$3,937 |
6.23 |
8.52 |
|
271 |
Coach Inc. |
$3,180 |
21.75 |
24.62 |
|
Beverages |
|
24 |
PepsiCo Inc. |
$43,251 |
9.57 |
11.89 |
|
35 |
Coca-Cola Co. |
$31,944 |
10.70 |
18.18 |
|
55 |
Coca-Cola Enterprises Inc. |
$21,807 |
4.16 |
-20.15 |
|
83 |
Pepsi Bottling Group Inc. |
$13,796 |
1.51 |
1.17 |
|
199 |
PepsiAmericas Inc. |
$4,937 |
10.22 |
4.59 |
|
Chemicals |
|
10 |
Procter & Gamble Co. |
$83,503 |
9.19 |
14.46 |
|
19 |
Dow Chemical Co. |
$57,514 |
7.48 |
1.01 |
|
36 |
Du Pont & Co. |
$31,755 |
3.16 |
6.32 |
|
45 |
3M Co. |
$25,269 |
3.30 |
13.69 |
|
70 |
PPG Industries Inc. |
$15,849 |
41.43 |
3.39 |
|
Communications Equipment |
|
37 |
Motorola Inc. |
$30,146 |
-17.68 |
-14.08 |
|
78 |
L-3 Communications Holdings Inc. |
$14,901 |
6.74 |
6.37 |
|
107 |
Qualcomm Inc. |
$11,142 |
25.60 |
28.36 |
|
172 |
Corning Inc. |
$5,948 |
1.50 |
88.38 |
|
188 |
Harris Corp. |
$5,311 |
25.17 |
8.36 |
|
Computers & Other Electronic Products |
|
8 |
Hewlett-Packard Co. |
$118,364 |
13.50 |
7.04 |
|
9 |
IBM Corp. |
$103,630 |
4.90 |
11.90 |
|
15 |
Dell Inc. |
$61,101 |
-0.05 |
4.06 |
|
17 |
Microsoft Corp. |
$60,420 |
18.19 |
29.26 |
|
28 |
Cisco Systems Inc. |
$39,540 |
13.22 |
20.36 |
|
Electrical Equipment & Appliances |
|
4 |
General Electric Co. |
$182,515 |
5.66 |
9.54 |
|
47 |
Emerson Electric Co. |
$24,807 |
9.90 |
9.72 |
|
61 |
Whirlpool Corp. |
$18,907 |
-2.58 |
2.21 |
|
72 |
Eaton Corp. |
$15,376 |
17.98 |
6.88 |
|
163 |
Cooper Industries Ltd. |
$6,521 |
10.47 |
9.69 |
|
Fabricated Metal Products |
|
50 |
United States Steel Corp. |
$23,754 |
40.78 |
8.89 |
|
69 |
Illinois Tool Works Inc. |
$15,869 |
-1.86 |
9.57 |
|
109 |
Smith International Inc. |
$10,770 |
22.89 |
7.12 |
|
128 |
Crown Holdings Inc. |
$8,305 |
7.48 |
2.72 |
|
144 |
Ball Corp. |
$7,561 |
2.32 |
4.23 |
|
Food |
|
12 |
Archer-Daniels-Midland Co. |
$69,816 |
58.61 |
2.58 |
|
26 |
Kraft Foods Inc. |
$42,201 |
13.32 |
6.87 |
|
44 |
Tyson Foods Inc. |
$26,862 |
-0.14 |
0.32 |
|
84 |
General Mills Inc. |
$13,652 |
9.73 |
9.48 |
|
90 |
Sara Lee Corp. |
$13,212 |
7.61 |
-0.60 |
|
Furniture & Fixtures |
|
118 |
Masco Corp. |
$9,600 |
-18.44 |
-4.07 |
|
225 |
Leggett & Platt Inc. |
$4,076 |
-5.35 |
2.56 |
|
260 |
Steelcase Inc. |
$3,420 |
10.44 |
3.89 |
|
313 |
HNI Corp. |
$2,477 |
-3.61 |
1.83 |
|
362 |
Herman Miller Inc. |
$2,012 |
4.86 |
7.57 |
|
Instruments |
|
112 |
Thermo Fisher Scientific Inc. |
$10,498 |
7.71 |
9.47 |
|
181 |
Agilent Technologies Inc. |
$5,774 |
6.53 |
12.00 |
|
276 |
Beckman Coulter Inc. |
$3,098 |
12.23 |
6.26 |
|
284 |
Snap-On Inc. |
$2,934 |
1.05 |
8.07 |
|
305 |
Ametek Inc. |
$2,531 |
18.45 |
9.76 |
|
Machinery |
|
21 |
Caterpillar Inc. |
$51,324 |
14.16 |
6.93 |
|
40 |
Deere & Co. |
$28,437 |
18.09 |
7.22 |
|
66 |
Xerox Corp. |
$17,608 |
2.21 |
1.31 |
|
87 |
National Oilwell Varco Inc. |
$13,431 |
37.21 |
14.53 |
|
99 |
Parker Hannifin Corp. |
$12,145 |
13.32 |
7.82 |
|
Medical Instruments & Equipment |
|
86 |
Medtronic Inc. |
$13,515 |
9.89 |
16.51 |
|
98 |
Baxter International Inc. |
$12,348 |
9.63 |
16.31 |
|
133 |
Boston Scientific Corp. |
$8,050 |
-3.67 |
-25.29 |
|
147 |
Becton Dickinson & Co. |
$7,155 |
12.52 |
15.75 |
|
160 |
Stryker Corp. |
$6,718 |
11.96 |
17.08 |
|
Motor Vehicle Parts |
|
29 |
Johnson Controls Inc. |
$38,062 |
9.93 |
2.57 |
|
64 |
Delphi Corp. |
$18,060 |
-18.95 |
16.82 |
|
76 |
TRW Automotive Holdings Corp. |
$14,995 |
1.99 |
-5.20 |
|
80 |
Cummins Inc. |
$14,342 |
9.92 |
5.26 |
|
85 |
Lear Corp. |
$13,570 |
-15.16 |
-5.08 |
|
Motor Vehicles |
|
5 |
General Motors Corp. |
$148,979 |
-17.75 |
-20.71 |
|
6 |
Ford Motor Co. |
$146,277 |
-15.18 |
-10.03 |
|
77 |
Paccar Inc. |
$14,972 |
-1.64 |
6.80 |
|
79 |
Navistar International Corp. |
$14,724 |
19.76 |
0.91 |
|
148 |
Oshkosh Corp. |
$7,138 |
13.18 |
1.11 |
|
Paper |
|
46 |
International Paper Co. |
$24,829 |
13.43 |
-5.16 |
|
59 |
Kimberly-Clark Corp. |
$19,415 |
6.29 |
8.70 |
|
129 |
OfficeMax Inc. |
$8,267 |
-8.97 |
-20.05 |
|
151 |
Smurfit-Stone Container Corp. |
$7,042 |
-5.09 |
-40.02 |
|
161 |
Avery Dennison Corp. |
$6,710 |
6.38 |
3.97 |
|
Petroleum & Coal Products |
|
1 |
Exxon Mobil Corp. |
$466,278 |
17.85 |
9.70 |
|
2 |
Chevron Corp. |
$267,639 |
23.47 |
8.94 |
|
3 |
ConocoPhillips |
$241,932 |
27.73 |
-7.03 |
|
7 |
Valero Energy Corp. |
$119,114 |
24.95 |
-0.95 |
|
11 |
Marathon Oil Corp. |
$77,804 |
20.32 |
4.53 |
|
Pharmaceuticals |
|
13 |
Johnson & Johnson |
$63,747 |
4.34 |
20.31 |
|
22 |
Pfizer Inc. |
$48,296 |
-0.25 |
16.78 |
|
38 |
Abbott Laboratories |
$29,527 |
13.94 |
16.53 |
|
49 |
Merck & Co. Inc. |
$23,850 |
-1.44 |
32.74 |
|
53 |
Wyeth Pharmaceuticals |
$22,833 |
1.94 |
19.35 |
|
Plastics |
|
202 |
Sealed Air Corp. |
$4,843 |
4.13 |
3.71 |
|
253 |
Pactiv Corp. |
$3,567 |
9.65 |
6.08 |
|
292 |
PolyOne Corp. |
$2,738 |
3.63 |
-9.96 |
|
344 |
Tupperware Brands Corp. |
$2,161 |
9.10 |
7.47 |
|
354 |
AptarGroup Inc. |
$2,071 |
9.49 |
7.41 |
|
Primary Metals |
|
43 |
Alcoa Inc. |
$26,901 |
-12.51 |
-0.28 |
|
51 |
Nucor Corp. |
$23,663 |
42.61 |
7.74 |
|
65 |
Freeport-McMoRan Copper & Gold Inc. |
$17,796 |
5.06 |
-62.19 |
|
113 |
Commercial Metals Co. |
$10,427 |
25.19 |
2.22 |
|
124 |
Reliance Steel & Aluminum Co. |
$8,718 |
20.00 |
5.54 |
|
Rubber Products |
|
58 |
Goodyear Tire & Rubber Co. |
$19,488 |
-0.79 |
-0.40 |
|
262 |
Armstrong World Industry Inc. |
$3,393 |
-4.41 |
2.39 |
|
288 |
Cooper Tire & Rubber Co. |
$2,881 |
-1.73 |
-7.61 |