7 Charlotte companies make 2025 Fortune 500 list
Seven corporations in the Charlotte region have landed on the 2025 Fortune 500 list, which ranks the country's largest companies by revenue. The city has one fewer than last year since chemical manufacturer Albemarle fell off the list.
Why it matters: Fortune 500 companies tend to be major employers who bolster the local economy.
Zoom out: North Carolina has 11 total companies on the 2025 Fortune 500 list, one fewer than last year. South Carolina has none.
17. Bank of America (up 1 spot)
52. Lowe's (down 3)
119. Honeywell (down 5)
140. Nucor (down 16)
144. Duke Energy (up 4)
168. Truist Financial (down 36)
304. Sonic Automotive (down 8)
Between the lines: LPL Financial, which is "dual-headquartered" in Fort Mill, S.C., and San Diego, ranked No. 340 on the Fortune 500 list.
The Triangle landed three companies on this year's list: First Citizens BancShares, IQVIA and Advance Auto Parts.
Burlington-based Labcorp also made the Fortune 500 list.
Zoom in: Albemarle has grappled over the last year with falling lithium prices, and it in turn took measures to lower its prices, CBJ reported. The company's overall revenue fell as a result.
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