Kansas City area has only one Fortune 500 company, but Cerner is getting closer
With an 11-spot jump over the last year, Cerner is on the precipice of being a Fortune 500 company.
The North Kansas City-based health care tech company landed just off the annual list, which ranks the nation's largest companies based on revenue. YRC Worldwide, an Overland Park-based trucking company, is also close to breaking into the list.
Fortune Magazine announced the 2018 list on Monday.
The only Kansas City-area company in the Fortune 500? Seaboard, a Merriam-based food producer, ranks 481. Several St. Louis-area companies are on the list. Kansas' only other Fortune 500 company is Spirit AeroSystems Holdings, based in Wichita.
Cerner is just 19 spots from the bottom of the Fortune 500 list, jumping from the 530 spot in 2017 to 519 this year with $5.1 billion in revenue. YRC Worldwide reported $4.9 billion and climbed two spots, from 534 last year to 532.
Sprint was No. 87 in 2015 but was cut from the list in 2016 after Japan-based SoftBank acquired most of the company.
According to Hallmark's website, the company took in more than $4 billion in revenue worldwide last year, but as a privately held company, it was not considered in the Fortune ranking. Some private companies that file revenue reports, however, are included.
The Fortune 500 companies brought in $12.8 trillion in revenue and $1 trillion in profits, and they employ 28.2 million people worldwide, according to the magazine.
This story was originally published May 22, 2018 at 1:52 PM with the headline "Kansas City area has only one Fortune 500 company, but Cerner is getting closer."