Definition of Fortune 1000:
A list similar to the Fortune 500 but including a supplementary list of the next 500 largest companies.
An annual ranking by Fortune magazine of the 1000 largest US public and privately-held companies, listed in order of reported revenues.
The Fortune 1000 is an annual list of the 1000 largest American companies maintained by the popular magazine Fortune. Fortune ranks the eligible companies by revenue generated from core operations, discounted operations, and consolidated subsidiaries. Since revenue is the basis for inclusion, every company is authorized to operate in the United States and files a 10-K or comparable financial statement with a government agency.
The list does not contain private organizations as they generally withhold information from the public. Other companies excluded from the list include those that fail to report full financial statements for at least three quarters in the current fiscal year.
How to use Fortune 1000 in a sentence?
- Published by Fortune magazine, the Fortune 1000 is a list of the largest US incorporated companies, as well as companies authorized to conduct business in the US.
- The Fortune 500 list overshadows the Fortune 1000 list in part because of the near-constant change of lower-level companies on the 1000 list. .
- Rankings are based on revenues generated from core operations, discounted operations, and consolidated subsidiaries.
- Excluded from the rankings are private companies and companies that do not fully report their financial positions for at least three quarters in the current fiscal year.
Meaning of Fortune 1000 & Fortune 1000 Definition