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Minnesota: Corporations

Fortune 1000 Rankings (2020) [1]

All Dollar Values are in USD Millions
Company globalEDGE
Industry 		Rank Revenue Profits Assets Market
Value 		City
UnitedHealth Group open_in_new Healthcare 7 $242,155 $13,839 $173,889 $332,885 Minnetonka
Target open_in_new Retail 37 $78,112 $3,281 $42,779 $94,296 Minneapolis
Best Buy open_in_new Retail 75 $43,638 $1,541 $15,591 $29,062 Richfield
3M open_in_new Consumer Products 103 $32,136 $4,570 $44,659 $98,187 St. Paul
CHS open_in_new Food and Beverage 105 $31,901 $830 $16,448 - Inver Grove Heights
U.S. Bancorp open_in_new Financial Services 113 $27,325 $6,914 $495,426 $68,690 Minneapolis
General Mills open_in_new Food and Beverage 192 $16,865 $1,753 $30,111 $33,837 Minneapolis
C.H. Robinson Worldwide open_in_new Business Services 208 $15,310 $577 $4,641 $13,432 Eden Prairie
Ecolab open_in_new Chemicals 213 $14,906 $1,559 $20,869 $62,336 St. Paul
Land O' Lakes open_in_new Food and Beverage 232 $13,888 $206 $8,899 - Arden Hills
Ameriprise Financial open_in_new Financial Services 245 $13,103 $1,893 $151,828 $12,602 Minneapolis
Xcel Energy open_in_new Energy 276 $11,529 $1,372 $50,448 $34,381 Minneapolis
Hormel Foods open_in_new Food and Beverage 337 $9,497 $979 $8,109 $25,082 Austin
Thrivent Financial for Lutherans open_in_new Financial Services 368 $8,612 $968 $102,478 - Minneapolis
Polaris open_in_new Transport Manufacturing 442 $6,863 $324 $4,431 $2,959 Medina
Securian Financial Group open_in_new Financial Services 455 $6,601 $435 $63,138 - St. Paul
Patterson open_in_new Retail 507 $5,575 $84 $3,269 $1,465 St. Paul
Fastenal open_in_new Retail 525 $5,334 $791 $3,800 $17,950 Winona
Toro open_in_new Industrial Manufacturing 756 $3,138 $274 $2,331 $6,963 Bloomington
H.B. Fuller open_in_new Chemicals 805 $2,897 $131 $3,986 $1,436 St. Paul
Donaldson open_in_new Industrial Manufacturing 816 $2,845 $267 $2,143 $4,897 Minneapolis
Federated Mutual Insurance open_in_new Financial Services 959 $2,135 $230 $8,825 - Owatonna
Vista Outdoor open_in_new Consumer Products 976 $2,059 ($648) $1,738 $509 Farmington
Deluxe open_in_new Financial Services 995 $2,009 ($200) $1,943 $1,094 Shoreview
UnitedHealth Group open_in_new Healthcare 7 $242,155 $13,839 $173,889 $332,885 Minnetonka
Target open_in_new Retail 37 $78,112 $3,281 $42,779 $94,296 Minneapolis
Best Buy open_in_new Retail 75 $43,638 $1,541 $15,591 $29,062 Richfield
3M open_in_new Consumer Products 103 $32,136 $4,570 $44,659 $98,187 St. Paul
CHS open_in_new Food and Beverage 105 $31,900 $829 $16,447 - Inver Grove Heights
U.S. Bancorp open_in_new Financial Services 113 $27,325 $6,914 $495,426 $68,690 Minneapolis
General Mills open_in_new Food and Beverage 192 $16,865 $1,752 $30,111 $33,837 Minneapolis
C.H. Robinson Worldwide open_in_new Business Services 208 $15,309 $577 $4,641 $13,432 Eden Prairie
Ecolab open_in_new Chemicals 213 $14,906 $1,558 $20,869 $62,336 St. Paul
Land O' Lakes open_in_new Food and Beverage 232 $13,887 $205 $8,899 - Arden Hills
Ameriprise Financial open_in_new Financial Services 245 $13,103 $1,893 $151,828 $12,601 Minneapolis
Xcel Energy open_in_new Energy 276 $11,529 $1,372 $50,448 $34,381 Minneapolis
Hormel Foods open_in_new Food and Beverage 337 $9,497 $978 $8,109 $25,081 Austin
Thrivent Financial for Lutherans open_in_new Financial Services 368 $8,611 $968 $102,478 - Minneapolis
Polaris open_in_new Transport Manufacturing 442 $6,863 $324 $4,430 $2,959 Medina
Securian Financial Group open_in_new Financial Services 455 $6,600 $434 $63,138 - St. Paul
Patterson open_in_new Retail 507 $5,574 $83 $3,269 $1,464 St. Paul
Fastenal open_in_new Retail 525 $5,333 $790 $3,799 $17,949 Winona
Toro open_in_new Industrial Manufacturing 756 $3,138 $274 $2,330 $6,963 Bloomington
H.B. Fuller open_in_new Chemicals 805 $2,897 $130 $3,985 $1,435 St. Paul
Donaldson open_in_new Industrial Manufacturing 816 $2,844 $267 $2,142 $4,897 Minneapolis
Federated Mutual Insurance open_in_new Financial Services 959 $2,134 $229 $8,825 - Owatonna
Vista Outdoor open_in_new Consumer Products 976 $2,058 ($648) $1,738 $509 Farmington
Deluxe open_in_new Financial Services 995 $2,008 ($199) $1,943 $1,093 Shoreview

Largest Private Companies (2020) [2]

Company Rank Revenue (USD) City
Cargill 2 $114,600,000,000 Wayzata
Mortenson 84 $5,000,000,000 Minneapolis
Rosen's Diversified 142 $3,200,000,000 Fairmont
Andersen Corporation 178 $2,500,000,000 Bayport
Taylor 206 $2,200,000,000 North Mankato
Johnson Brothers Liquor 216 $2,000,000,000 St. Paul

Tax Rate (2021) [3]

Corporate Marginal Income Tax Rate 9.8% > $0
Individual Income Tax Rate 5.35% > $0
6.80% > $27,230
7.85% > $89,440
9.85% > $166,040
Sales Tax Rate 6.875% - Ranked: 6/50

Business Tax Climate Index Rankings (2021) [3]

Better
Worse

Sources:

  1. Fortune 1000 (2017) (Date Accessed: 12/1/2017)
  2. Forbes (2017) (Date Accessed: 12/1/2017)
  3. Tax Foundation (2018) (Date Accessed: 5/6/2018)