ARIZONA NEWS

Electronics company Avnet leads Fortune 500 list of best Arizona earners

May 22, 2020, 4:05 AM
(AP Photo)...
(AP Photo)
(AP Photo)

PHOENIX – Phoenix-based electronics distributor Avnet topped the list of most successful companies in Arizona for 2020, according to Fortune 500.

Avnet, headquartered near State Route 143 and 44th Street, led the group of 19 and ranked No. 169 overall, with revenues of $19.5 billion.

Mining giant Freeport-McMoRan was next at No. 221 overall, with $14.4 billion. Waste management company Republic Services was next at $10.2 billion in revenue, followed by Insight Enterprises at $7.7 billion. Magellan Health rounded out the top five with $7.1 billion in revenues.

Others singled out included Scottsdale-based Taylor Morrison Home Builders at No. 567 overall; Tempe-based Carvana at No. 651 and Scottsdale-based GoDaddy at No. 787.

The magazine’s methodology ranks companies based on total revenues and include private and co-ops that “file a 10-K or a comparable financial statement with a government agency.”

Find the full list of Arizona companies here and a gallery of the top 10 below.

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No. 10: Scottsdale-based manufacturer Carlisle Companies recorded $4.8 billion in revenue and ranked No. 563 overall. (Screenshot/Google Maps) No. 9: Knight-Swift Transportation of Phoenix came up at No. 530 overall with $4.8 billion in revenues. (Facebook Photo/Knight-Swift Transportation) No. 8: Microchip Technology in Chandler worked up $5.3 billion in revenues and came in at No. 522 overall. (Facebook Photo/Microchip Technology) No. 7: ON Semiconductor of Phoenix made the overall list at No. 512 with revenues of $5.5 billion. (Facebook Photo/ON Semiconductor) No. 6: Phoenix-based Sprouts Farmers Market took in $5.6 billion in revenues and was ranked No. 502 overall. No. 5: Scottsdale-based Magellan Health brought in $7.1 billion in revenues. The managed-care group was No. 432 overall. (Pixabay Photo) No. 4: IT company Insight Enterprises of Tempe pulled in $7.7 billion in revenues and was No. 409 overall. (Facebook Photo/Insight Enterprises) No. 3: Republic Services of Phoenix, which provides nonhazardous solid-waste collection, was No. 305 overall with $10.2 billion in revenues. (Republic Services Photo) No. 2: Freeport-McMoRan, with headquarters in Phoenix, was No. 221 overall, posting revenues of $14.4 billion. (AP Photo, file) No. 1: Electronics distributor Avnet of Phoenix ranked No. 169 overall, with revenues of $19.5 billion. (Avnet Inc. Photo)

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Electronics company Avnet leads Fortune 500 list of best Arizona earners