Michigan's Fortune 500 companies
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Michigan was home to 15 of the country's top-grossing companies last year — many of them tied to the auto industry — according to the 2025 Fortune 500 list released this month.
Why it matters: Fortune 500 companies boost the state's economy, influence policy priorities and power job growth.
Michigan's top-ranked companies, by fiscal year 2024 revenue, are:
18. General Motors (Detroit): $187.4 billion — up 1 spot from last year.
19. Ford (Dearborn): $185 billion — down 2 spots.
103. Dow (Midland): $43 billion — down 4.
141. Penske Automotive Group (Bloomfield Hills): $30.5 billion — up 5.
189. Lear (Southfield): $23.3 billion — down 15.
Zoom in: Other top-500 companies in Metro Detroit include Ally Financial (255), BorgWarner (307), DTE Energy (337) and Autoliv (407).
The intrigue: Dan Gilbert's Rocket Companies jumped 127 spots but remains outside the Fortune 500 at number 619, with $5.4 billion in revenue.
The big picture: Walmart topped the magazine's annual list for the 13th straight year. Amazon, UnitedHealth Group, Apple and CVS Health round out the top five.
- Together, the top 500 pulled in $1.87 trillion in profits — up 10% from last year and a record in dollar terms, per Fortune.