Quest Diagnostics, Cognizant climb in 2021 Fortune 500 rankings

Linda Lindner//June 2, 2021

Quest Diagnostics, Cognizant climb in 2021 Fortune 500 rankings

Linda Lindner//June 2, 2021

The 2021 Fortune 500, Fortune Magazine’s annual ranking of America’s largest companies, debuted June 2 and while the New Jersey companies on the list are no surprise, some of their change in rankings are.

The 2021 list features 16 companies from the Garden State. The 67th edition ranking of America’s largest companies is based on 2020 revenue. Together, the 500 corporations on this year’s list generated $13.8 trillion in revenue or some two-thirds of the U.S. economy.

Notable moves of New Jersey companies on the list include Quest Diagnostics, which experienced the biggest jump, climbing 86 places to rank No. 324. The Secaucus-based diagnostic testing, information and services company has more than 44,500 employees with its shares of the company up more than 6% in the past one year, and year-to-date it is also up more than 6%. Quest also saw its revenue increase 22.1% to $9.437 billion.

Another gainer, Cognizant’s 2020 revenue of $16.7 billion moved the company up to its current rank of No. 185 from No. 194. The Teaneck-based company provides IT and consulting expertise in IoT, artificial intelligence, digital engineering, cloud and other key digital technologies to unlock business value and help clients in health care, life sciences, insurance, banking and finance, manufacturing, technology, retail and other industries compete as modern enterprises.

Brian Humphries, CEO and member of the board of directors, Cognizant.

“We’re pleased to move up the ranks of the Fortune 500,” said Cognizant Chief Executive Officer Brian Humphries in a press release. “We are focused on helping clients deliver exceptional experiences created at the intersection of cloud and digital. I’m grateful to all of our associates for putting their hearts into living client-centricity under the difficult conditions created by the COVID-19 pandemic. We expect to emerge into a post-COVID world as a stronger, more focused and disciplined company positioned for strategic and financial success.”

Advancing 45 places was Madison-headquartered Realogy Holdings, which now ranks at No. 445. The real estate services provider experienced a 6% gain in revenue clocking in at $6.221 billion.

New Brunswick-based Johnson & Johnson moved down one spot from last year, but still remains the leader on the list of Garden State companies ranking at No. 36 with revenue of $82.584 billion.

Roseland-headquartered ADP, climbed 19 spaces to No. 208 with a 2.9% revenue increase.

Parsippany’s PBF Energy moved down 78 spots and now sits at No. 203 with a 38.3% decrease in revenue.

Here’s the complete list of New Jersey companies included in the 2021 Fortune 500:

Johnson & Johnson
Rank: 36
Revenue: $82,584,000,000

Prudential Financial
Rank: 55
Revenue: $57,033,000,000

Rank: 65
Revenue: $47,994,000,000

Becton Dickinson and Co. (BD)
Revenue: $17,117,000

Cognizant Technology Solutions
Rank: 185
Revenue: $16,652,000,000

PBF Energy
Rank: 203
Revenue: $15,115,900,000

Automatic Data Processing (ADP)
Rank: 208
Revenue: $14,589,800,000

Bed Bath & Beyond
Rank: 280
Revenue: $11,158,600,000

Public Service Enterprise Group (PSEG)
Rank: 318
Revenue: $9,603,000,000

Quest Diagnostics
Rank: 324
Revenue: $9,437,000,000

NRG Energy
Rank: 333
Revenue: $9,093,000,000

Campbell Soup Co.
Rank: 335
Revenue: $9,050,000,000

Rank: 431
Revenue: $6,6750,000

Realogy Holdings
Rank: 445
Revenue: $6,221,000,000

Burlington Stores
Rank: 471
Revenue: $5,764,000,000

Avis Budget Group
Rank: 498
Revenue: 5,402,000,000