Skip to main content

12 Minnesota companies make the Forbes 500 list

That's five fewer than appear on the Fortune 500 list.
  • Author:
  • Updated:

You've heard of the Fortune 500, well now there's the Forbes 500.

Mimicking its rival publication, Forbes on Thursday released its list of America's 500 biggest companies, and 12 Minnesotan firms made the list.

That, however, is less than the 17 Minnesota companies that made the Fortune 500 list last year, so forgive us if we show a preference for the Fortune version.

Not only are there fewer Minnesota companies on the Forbes list, Forbes has given lower rankings to some of those that appear on both.

UnitedHealthcare is Minnesota's biggest company on both lists, but Forbes has it ranked at 16th whereas Fortune has it 6th.

Target meanwhile drops from 38th on Fortune to 90th on Forbes, though 3M, U.S. Bank, General Mills and Xcel Energy are among those with higher rankings.

The Fortune list focuses more on a company's revenue, but the Forbes list equally weighs four financial data points – revenue, profits, assets and market value – to create the rankings.

Here are the 12 Minnesota companies that make the Forbes list, with their Fortune ranking in parentheses.

16th: UnitedHealthcare (6th)

39th: U.S. Bancorp (131st)

61st: 3M (93rd)

90th: Target (38th)

129th: Ameriprise (232nd)

138th: General Mills (161st)

158th: Xcel Energy (257th)

181st: Best Buy (71st)

285th: Hormel Foods (304th)

337th: Mosaic (316th)

370th: C.H. Robinson Worldwide (208th)

472nd: Fastenal (607th)

Next Up

police tape

3 at trauma centers in critical condition after rural MN attack

Two victims and the alleged attacker are in critical condition.

grinch neighbor

Neighborhood 'grinch' sends letter to Burnsville family over holiday lights

A Burnsville family's holiday decorations were the subject of an anonymous complaint.


Anthropologie shutters Grand Avenue store, opening planned for Rosedale Center

The popular holiday shopping weekend marked the last for customers of the Grand Avenue store.

hospital, emergency room

Woman found on side of highway after hit-and-run

The 41-year-old was airlifted to a hospital with life-threatening injuries.

Jorden Nicole Borders

Charges: Minnesota woman tortured her kids, removed boy's blood

Warning: This story contains upsetting content.

first snow

Will narrow band of 6+ inches of snow hit Twin Cities Tuesday?

The NWS says a band of 6+ inches is looking likely. It's now a matter of where.


Siblings, ages 19 and 14, killed in crash on icy MN highway

The crash happened around 1:15 a.m. Saturday in Carlton County.

Nicholas Kraus

Man sentenced for fatally striking woman during Uptown protest

Nicholas Kraus, 36, of St. Paul drove into a protest in Uptown last year, killing Deona Marie Knajdek.

Flickr - police lights squad siren - Edward Kimmel

Fleeing suspect crashes into vehicle in Woodbury, 2 injured

The crash occurred Friday afternoon after a pursuit with Woodbury police.

Screen Shot 2022-11-26 at 2.34.44 PM

Yes, that's MN native Jenny Taft in a State Farm commercial

Jenny Taft got her broadcasting career started in Minneapolis in 2011.

crime scene tape - police tape

23-year-old woman critical after shooting in Plymouth

A 23-year-old woman was shot Friday night in Plymouth.

white Christmas

2 MN towns among most 'magical' winter locations in the country

The list was compiled by Trips Discover and published earlier this month.


17 MN companies make the Fortune 500 list – and one cracks the top 10

Target and Best Buy rank highly on the annual list, with Minnesota strongly represented.

Forbes' annual list reveals Minnesota's billionaires

In Minnesota, six people make the billionaires list – that's roughly 0.00001 percent of the state's population of 5.5 million.

2 Minnesota companies ranked in Fortune's 50 most admired

There's plenty to admire about 3M, which is back in the top 50 of Fortune's "most admired" list.

Minnesota gains 2 more Fortune 500 companies

The St. Paul and Medina companies have made the Top 500 for the first time.

The good life: Minnesota, Twin Cities rank high in national 'well-being' list

If you live in Minnesota, chances are your life is pretty good.

Screen Shot 2019-03-05 at 11.04.21 AM

How Minnesotans rank in the Forbes 2019 Billionaire List

We know you'll be anxious to hear they're doing well.

Fortune Global 500 list includes six Minnesota companies

UnitedHealth Group, Target, Best Buy, Supervalu, 3M and Inver Grove Heights-based CHS are among Fortune’s list of the biggest companies in the world. Twin Cities Business reports all the Minnesota companies were on the list last year, but dropped in this year’s annual ranking, expect for CHS, who jumped 97 spots.