Northeast Florida sees one company slip out of Fortune 500

But the region still has five firms on the list, led by FIS, in the new ranking of the largest U.S. businesses.

  • By Mark Basch
  • | 10:07 a.m. June 11, 2024
  • | 4 Free Articles Remaining!
Fidelity National Information Services Inc., or FIS, is the highest-ranked Jacksonville-based company on the Fortune 500 at 288.
Fidelity National Information Services Inc., or FIS, is the highest-ranked Jacksonville-based company on the Fortune 500 at 288.
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One Jacksonville company dropped out of Fortune magazine’s annual list of 500 largest U.S. businesses, but Jacksonville continued to have five companies in the Fortune 1000.

Fidelity National Information Services Inc., or FIS, Fidelity National Financial Inc. and CSX Corp. all remained in the 2024 Fortune 500, which will be published in the magazine’s June 18 issue.

However, trucking company Landstar System Inc. fell from the list as lower demand for freight services caused revenue to fall in 2023.

The 2024 Fortune 500 is determined by fiscal 2023 revenue of U.S. companies.

Landstar’s revenue fell from $7.44 billion in 2022 to $5.31 billion in 2023, which was still good enough to rank 620th in the Fortune 1000 list.

The Landstar System headquarters at 13410 Sutton Park Drive S. overlooks the Windsor Parke Golf Club.

However, Landstar ranked 489th in 2023.

The 500th-ranked company in the 2024 list, O-I Glass, had $7.1 billion in revenue last year.

Dream Finders Homes Inc. was the other Jacksonville-based company in the Fortune 1000, ranking 784th with $3.75 billion in revenue.

FIS was the highest-ranked Jacksonville-based company at 288, with $14.68 billion in revenue, slightly ahead of 290th ranked CSX, which had $14.66 billion.

Fidelity National Financial, which spun off FIS in 2006, ranked 351st with $11.75 billion.

FIS will shrink significantly in revenue this year after it sold off a majority interest in its Worldpay subsidiary in February.

The company is projecting revenue this year of about $10.1 billion, which will keep it in the Fortune 500.

Fortune magazine’s list is derived from publicly filed financial statements from the companies. It does not include companies that don’t publicly report their revenue.

GuideWell Mutual Holding Corp., parent of Florida Blue, is the largest Jacksonville-based company, with annual revenue exceeding $20 billion.

That would make it one of the 200 largest U.S. companies but because it is mutually owned by its policyholders, it does not publicly report its financial data and is excluded from the Fortune 500.



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