Cha-ching

3 Dallas-Fort Worth companies cash in on new Fortune 500 ranking

Dallas claims the second most revenue of any city in the U.S.

Tomasz Zajda/EyeEm/Getty Images

The Fortune 500 has released its annual ranking of the country's most profitable companies, and the business-friendly Lone Star State makes another impressive showing.

Now back for its 66th year, the Fortune 500 is ranked according to total company revenue for the last fiscal year (in this case 2019), while calculating profits, return to investors, number of employees, assets, and earnings per share.

But, of course, it all comes down to the money. According to a release, these companies represent a mind-boggling two-thirds of the U.S. gross domestic product, with $14.2 trillion in revenues, a 4 percent leap over last year. The revenue threshold to even make this year's Fortune 500 list was $5.7 billion, the magazine notes.

In total, Texas has the third most companies on the list with 50, just behind California and New York, with 53 spots each. And though it always stings to be just behind California when it comes to business, Texas does claim the most spots among the top 10.

Irving-based Exxon Mobil takes the highest spot among Texas companies at No. 3, followed by medical supply and pharmaceutical company McKesson, also headquartered in Irving, at No. 8. Telecommunications giant AT&T, which calls nearby Dallas home, ranks No. 9.

Dallas-Fort Worth
Along with claiming three companies in the top 10, Dallas-Fort Worth is home to 23 Fortune 500 companies, the most of any Texas metro. As a result, Dallas also claims the second most revenue of any city in the U.S.

The Fortune 500 companies located in the greater Dallas area include:

Energy Transfer (No. 59)
American Airlines Group (No. 70)
Southwest Airlines (No. 141)
Tenet Healthcare (No. 174)
Kimberly-Clark (No. 175)
Fluor (No. 181)
D.R. Horton (No. 183)
HollyFrontier (No. 184)
Jacobs Engineering (No. 206)
Texas Instruments (No. 222)
Core-Mark Holding (No. 240)
Vistra Energy (No. 270)
J.C. Penney ( No. 286)
Pioneer Natural (No. 341)
Yum China Holdings (No. 361)
Dean Foods (No. 421)
Builders FirstSource (No. 425)
GameStop (No. 464)
Celanese (No. 470)
EnLink Midstream (No. 483)
Commercial Metals (No. 491)

Austin
Austin doesn't technically have any spots in the top 10, but it does have two prominent area employers. Amazon, owner of Whole Foods Market, comes in at No. 2, and Apple follows at No. 4. Though based in Cupertino, California, the computer giant is currently building a $1 billion second headquarters in Austin. Once open, the corporation should add 5,000 new jobs in the Capital City, making it one of the region's largest employers.

Along with Amazon and Apple, the Austin area claims one other spot on the Fortune 500 list. Round Rock-based Dell earned $4.6 billion in profits, giving it the No. 34 spot.

Houston
The Bayou City claims the second most Fortune 500 companies in Texas, largely in the energy and oil sectors. Twenty-two Fortune 500 companies call Houston or The Woodlands home, including:

Phillips 66 (No. 27)
Sysco (No. 56)
ConocoPhillips (No. 93)
Plains GP Holdings (No. 98)
Enterprise Products (No. 101)
Baker Hughes (No. 129)
Halliburton (No. 142)
Occidental Petroleum (No. 148)
EOG Resources (No. 186)
Waste Management (No. 207)
Kinder Morgan (No. 242)
Center Point Energy (No. 260)
Quanta Services (No. 261)
Group 1 Automotive (No. 264)
Calpine (No. 319)
Cheniere Energy (No. 329)
Targa Resources (No. 365)
National Oilwell Varco (No. 374)
Huntsman (No. 382)
Westlake Chemical (No. 391)
Apache (No. 465)
Crown Castle (No. 496)

San Antonio
Coming in third among Texas' biggest metro areas is San Antonio with three companies on the Fortune 500 list. Though Valero Energy had a rough 2019 and is on track for an even rougher 2020, its revenues surpassed a trillion dollars, and its net income was still $2.4 billion, enough to take the No. 32 spot.

Employee favorite USAA, which also landed on Fortune's 100 Best Places to Work list in February, ranks No. 94 — its highest spot ever on the Fortune 500 list. As Fortune notes, "USAA provides banking and insurance offerings to U.S. military members and their families; it routinely scores at the top of customer-satisfaction surveys in an industry that isn't generally beloved by consumers."

And New Braunfels-based Rush Enterprises, a company that specializes in commercial vehicle sales, parks itself at No. 492.

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kick off your career

3 Dallas neighbors hustle onto list of top 20 U.S. career hotspots

Photo by Nancy Jo Lambert on Unsplash

Frisco was the highest-ranked city in Dallas-Fort Worth.

Dallas has already proven to be a major hub for business, and now three of its neighbors – Frisco, Flower Mound, and McKinney – are rising up among the best small U.S. cities for big career opportunities.

A new nationwide survey from CoworkingCafe ranked the three Dallas-Fort Worth cities among its top-20 career hotspots with populations under 250,000 residents.

According to the study, these standout U.S. suburbs "combine economic acceleration with day-to-day livability, offering residents both upward mobility and stable community fundamentals."

Frisco ranked the highest, climbing up into No. 11, and CoworkingCafe said the suburb has a "highly engaged" workforce whose wages have surged 33 percent since 2019. Frisco households make a median income of $145,444 a year, the report added.

"The labor force is highly engaged (74.2 percent) with low unemployment and a strong employer base supported by 3,050 establishments per 100[,000] residents," the report said. "With 95 percent [of residents having] fiber access, excellent healthcare and top-tier safety, Frisco backs its economic strength with day-to-day comfort."

Frisco's high income and fast Wi-FI speeds also make it a highly desirable place to live for remote workers.

Affluent Flower Mound, which was crowned the best place to live in the U.S. in 2025, followed after Frisco in the No. 15 spot. CoworkingCafe said the suburb's $166,624 median household income has grown 25 percent from 2019 to 2024, and the city's "affordability remains favorable relative to income levels." Career-focused Flower Mound residents aren't shy about being big spenders.

If North Texans are seeking affordability over all other factors, No. 20-ranking McKinney is the place to be. The report said McKinney offers the perfect balance between "affordability, opportunity and amenities." It doesn't hurt that households earn a median annual income of $124,177, a figure that has ballooned 24 percent over the last five years.

"The findings reveal two clear paths to success: fast-growing suburban hubs buzzing with innovation and more established tech-driven economies that already have a global reach," the report said. "Together, they show that even smaller places can give you big advantages professionally, sometimes even more than the big metros."

Elsewhere in Dallas-Fort Worth, other career hotspots with populations under 250,000 residents that made it into the top 100 include Mansfield (No. 37), Allen (No. 43), Richardson (No. 58), and Lewisville (No. 80).

Here's how other Texas suburbs fared among CoworkingCafe's top 100 best career hotspots in 2026:

No. 17 – Pflugerville
No. 22 – Cedar Park
No. 31 – Round Rock
No. 59 – Pearland
No. 73 – League City
No. 76 – Sugar Land
No. 89 – Temple
No. 90 – Georgetown
No. 97 – Amarillo

suburbs dallas frisco mckinney flower mound innovation