Fortune 500 Companies in Minnesota

Minnesota has more Fortune 500 companies per capita than all but one state. And that list has grown substantially in the past few years as more and more companies recognize the tremendous advantages of locating in Minnesota.  

There are 19 Fortune 500 companies in the state, including some of the world's most recognized firms. Minnesota has the tenth-most Fortune 500s in the nation.

Minnesota's Fortune 500 Companies by State Ranking and Revenue, 2012

State Ranking

Company Name

Fortune 500 Ranking

Revenues
($ billions)

1

United Health Group

22

101.9

2

Target Corporation

38

69.9

3

Best Buy

53

50.3

4

Supervalu

75

37.5

5

CHS

78

36.9

6

3M

102

29.6

7

U.S. Bancorp

132

21.4

8

Medtronic

164

15.9

9

General Mills

181

14.9

10

Land O' Lakes

210

12.8

11

Xcel Energy

246

10.7

12

Ameriprise Financial

248

10.6

13

C.H. Robinson Worldwide

259

10.3

14

Mosaic

268

9.9

15

Hormel Foods

327

7.9

16

Thrivent Financial for Lutherans

332

7.8

17

Ecolab

365

6.8

18

St. Jude Medical

437

5.6

19

Nash Finch

498

4.8

     

High Ranks By Industry
Several of Minnesota's Fortune 500 companies rank among the top in their respective industries.

  • 3M ranks first in conglomerates.
  • UnitedHealth Group ranks first in health care insurance.
  • Medtronic ranks first in medical products and equipment.
  • C.H. Robinson Worldwide ranks first in transportation and logistics.
  • Target ranks second in general merchandising.
  • CHS ranks second in wholesale food distribution.
  • General Mills ranks third in food consumer products.
  • Best Buy ranks third in specialty retailing.
  • Nash Finch ranks fourth in grocery whole selling.
  • Supervalu ranks sixth in food stores.      
  • Ameriprise Financial ranks seventh in diversified financial services.
  • US Bank ranks eighth in commercial banking.
  • Mosaic ranks eighth in chemicals.

The Biggest of the Big
Three Minnesota companies are among the top 50 in the Fortune 500 list. They are UnitedHealth Group, Target and Best Buy.