2022 Fortune 500: Pittsburgh rankings see new top performer

PITTSBURGH — Fortune released its annual Fortune 500 list on Monday, ranking the top publicly-traded companies by annual revenue. In total, 10 companies headquartered in the Pittsburgh region made the list, with companies moving up and down the rankings compared to last year.

In 2021, PNC Financial Services Group Inc. came out on top amongst solely Pittsburgh-based companies, but this year, U.S. Steel Corp. took the lead. U.S. Steel (NYSE: X) ranked at No. 172, up 138 spots from No. 310 last year. U.S. Steel’s revenue increased by 108.1% year-over-year, from $9.74 billion last year to $20.27 billion this year. PNC (NYSE: PNC), came in at No. 178, falling from No. 120 last year, reporting an 18.1% decrease in revenue, $19.69 billion this year compared to $24 billion last year.

Here is where other Pittsburgh companies ranked on the 2022 Fortune 500 list:

PPG Industries Inc. (NYSE: PPG) rose two spots, from No. 220 last year to No. 218 this year, with a 21.5% increase in revenue. Last year, PPG reported $13.83 billion in revenue, and this year, that rose to $16.8 billion.

Dick’s Sporting Goods Inc. (NYSE: DKS) rose from spot No. 320 to No. 307, with a 28.3% increase in revenue, up to $12.29 billion this year compared to $9.58 billion last year.

Click here to see the entire list on the Pittsburgh Business Times.

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