Star Tribune 50: See how the companies compare in revenue, profits | Star Tribune

Star Tribune 50
The 27th Annual Report

A strong economy helped the 50 largest public companies in Minnesota to increase overall revenues 6.6 percent, better than 2016 when collective revenues grew 4.4 percent.

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List of companies

  • 1

    UnitedHealth Group Inc.

    a diversified health company. UnitedHealth offers products and services through two platforms. UnitedHealthcare provides health care coverage and benefits services; and Optum provides information and technology enabled health services.

    Revenue

    • $201,159M in revenue
    • 8.83% change from 2017

    Profits

    • $9,358M in profits
    • 33.36% change

    Assets

    • $139,058M in total assets
    • 13.23% change

    Market capitalization

    • $232,087M market capitalization
    • 34.11% change
  • 2

    Target Corp.

    General merchandise retailer selling everyday essentials, clothing and groceries. It is in the middle of a major upgrade of its physical stores, plus it has introduced more than a dozen new brands and improved its online capabilities and delivery system.

    • TGT
    • Retail/Service
    • 2017 ranking: 2
    • Minneapolis
    • target.com

    Revenue

    • $71,879M in revenue
    • 3.43% change from 2017

    Profits

    • $2,540M in profits
    • -4.83% change

    Assets

    • $38,999M in total assets
    • 4.19% change

    Market capitalization

    • $38,860M market capitalization
    • 26.55% change
  • 3

    Best Buy Co. Inc.

    The multinational retailer of technology products and services estimates that 70 percent of the U.S. population is within 15 minutes of its more than 1,500 stores.

    • BBY
    • Retail/Service
    • 2017 ranking: 3
    • Richfield
    • bestbuy.com

    Revenue

    • $42,151M in revenue
    • 6.97% change from 2017

    Profits

    • $1,282M in profits
    • 6.21% change

    Assets

    • $13,049M in total assets
    • -5.82% change

    Market capitalization

    • $19,240M market capitalization
    • 4.63% change
  • 4

    3M Co.

    global diversified technology company with a strong R&D component, it has products in health care, industrial, consumer, electronics and safety areas.

    • MMM
    • Manufacturing
    • 2017 ranking: 4
    • Maplewood
    • 3m.com

    Revenue

    • $31,657M in revenue
    • 5.14% change from 2017

    Profits

    • $5,620M in profits
    • 11.29% change

    Assets

    • $37,987M in total assets
    • 15.44% change

    Market capitalization

    • $117,094M market capitalization
    • -4.06% change
  • 5

    Medtronic PLC

    develops medical technology products that treat cardiac and vascular diseases, diabetes and neurological and musculoskeletal conditions.

    Revenue

    • $29,725M in revenue
    • 3.09% change from 2017

    Profits

    • $4,028M in profits
    • 13.85% change

    Assets

    • $95,800M in total assets
    • -1.82% change

    Market capitalization

    • $116,996M market capitalization
    • -0.71% change
  • 6

    U.S. Bancorp

    The holding corporation is parent to the fifth largest commercial bank in the U.S. ranked by the value of deposits. It employs 73,000 people across 25 states.

    • USB
    • Financial Service
    • 2017 ranking: 6
    • Minneapolis
    • usbank.com

    Revenue

    • $21,852M in revenue
    • 3.54% change from 2017

    Profits

    • $5,308M in profits
    • -9.85% change

    Assets

    • $462,040M in total assets
    • 3.6% change

    Market capitalization

    • $82,107M market capitalization
    • -5.45% change
  • 7

    General Mills Inc.

    A manufacturer and marketer of consumer foods, its portfolio includes Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs and Annie’s.

    Revenue

    • $15,657M in revenue
    • -0.54% change from 2017

    Profits

    • $1,682M in profits
    • 3.27% change

    Assets

    • $22,241M in total assets
    • 2.63% change

    Market capitalization

    • $25,073M market capitalization
    • -24.38% change
  • 8

    C.H. Robinson Worldwide Inc.

    One of the world’s largest third-party logistics providers, it coordinates freight transportation and logistics services to help solve supply chain issues.

    Revenue

    • $14,869M in revenue
    • 13.12% change from 2017

    Profits

    • $492.8M in profits
    • -4.01% change

    Assets

    • $4,236M in total assets
    • 14.86% change

    Market capitalization

    • $12,114M market capitalization
    • 27.23% change
  • 9

    Supervalu Inc.

    The grocery wholesaler supplies more than 1,800 stores and also continues to operate supermarkets including Cub Foods.

    Revenue

    • $14,649M in revenue
    • 17.53% change from 2017

    Profits

    • $9M in profits
    • -80.43% change

    Assets

    • $4,467M in total assets
    • -0.16% change

    Market capitalization

    • $710.1M market capitalization
    • -34.71% change
  • 10

    Ecolab Inc.

    Provides water, hygiene and energy technologies and services to food, hospitality, health care, industrial and oil and gas markets.

    • ECL
    • Manufacturing
    • 2017 ranking: 9
    • St. Paul
    • ecolab.com

    Revenue

    • $13,838M in revenue
    • 5.21% change from 2017

    Profits

    • $1,348M in profits
    • 9.59% change

    Assets

    • $19,962M in total assets
    • 8.9% change

    Market capitalization

    • $41,146M market capitalization
    • 6.04% change
  • 11

    Ameriprise Financial Inc.

    Diversified financial services company that includes financial planning, wealth management, annuities, insurance and estate planning.

    Ameriprise recorded $286 million expense for a non-recurring tax charge due to enactment of the Tax Act.

    Revenue

    • $12,075M in revenue
    • 2.9% change from 2017

    Profits

    • $1,766M in profits
    • 34.4% change

    Assets

    • $147,470M in total assets
    • 5.47% change

    Market capitalization

    • $20,048M market capitalization
    • 6.8% change
  • 12

    Xcel Energy Inc.

    A major U.S. electric and natural gas utility providing energy for homes and businesses in eight Western and Midwestern states.

    Revenue

    • $11,404M in revenue
    • 2.67% change from 2017

    Profits

    • $1,171M in profits
    • 4.24% change

    Assets

    • $43,030M in total assets
    • 4.56% change

    Market capitalization

    • $23,163M market capitalization
    • -5.22% change
  • 13

    Hormel Foods Corp.

    produces food products for consumers, retail grocers, food-service and industrial markets

    Revenue

    • $9,219M in revenue
    • -3.07% change from 2017

    Profits

    • $851.7M in profits
    • -4.31% change

    Assets

    • $7,859M in total assets
    • 23.44% change

    Market capitalization

    • $19,005M market capitalization
    • 5.96% change
  • 14

    Mosaic Co.

    A single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry.

    Mosaic announced May 15 it would move its corporate headquarters to Florida.

    Revenue

    • $7,409M in revenue
    • 3.44% change from 2017

    Profits

    • $350.3M in profits
    • 17.63% change

    Assets

    • $18,633M in total assets
    • 10.65% change

    Market capitalization

    • $10,595M market capitalization
    • 32.44% change
  • 15

    Patterson Cos. Inc.

    Distributes supplies and equipment to dental and animal health markets, including vaccines, diagnostic products and pharmaceuticals.

    Revenue

    • $5,510M in revenue
    • -1.64% change from 2017

    Profits

    • $241.4M in profits
    • 35.54% change

    Assets

    • $3,674M in total assets
    • 2.24% change

    Market capitalization

    • $1,980M market capitalization
    • -56.75% change
  • 16

    Polaris Industries Inc.

    Makes off-road vehicles including all-terrain vehicles and side-by-side vehicles, snowmobiles, motorcycles, small-electric vehicles and accessories.

    • PII
    • Manufacturing
    • 2017 ranking: 17
    • Medina
    • polaris.com

    Revenue

    • $5,428M in revenue
    • 20.19% change from 2017

    Profits

    • $227.9M in profits
    • 7.05% change

    Assets

    • $3,090M in total assets
    • -0.32% change

    Market capitalization

    • $7,066M market capitalization
    • 32.29% change
  • 17

    Pentair PLC

    Offers sustainable water solutions to the global market; the company split in May, with the electrical unit under the new entity nVent.

    Pentair completed the spinoff of its $2.1 billion electrical business, nVent Electric PLC on April 30th. Like its parent nVent is officially headquartered in England but its managment headquarters are in St. Louis Park. Results are from prior to the spinoff.
    • PNR
    • Manufacturing
    • 2017 ranking: 16
    • Golden Valley
    • pentair.com

    Revenue

    • $4,937M in revenue
    • 0.95% change from 2017

    Profits

    • $542.9M in profits
    • 20.22% change

    Assets

    • $8,634M in total assets
    • -25.15% change

    Market capitalization

    • $7,785M market capitalization
    • -35.51% change
  • 18

    Fastenal Co.

    Sells fasteners, tools and construction supplies through company stores, on-site locations and industrial vending machines.

    Revenue

    • $4,390M in revenue
    • 10.81% change from 2017

    Profits

    • $554.3M in profits
    • 10.97% change

    Assets

    • $2,911M in total assets
    • 9.05% change

    Market capitalization

    • $15,311M market capitalization
    • 21.38% change
  • 19

    Donaldson Co. Inc.

    A technology-led filtration company that designs, manufactures, and sells engine and industrial air, oil and liquid filtration solutions.

    Revenue

    • $2,578M in revenue
    • 13.62% change from 2017

    Profits

    • $246M in profits
    • 12.43% change

    Assets

    • $2,131M in total assets
    • 17.25% change

    Market capitalization

    • $6,130M market capitalization
    • 1.4% change
  • 20

    The Toro Co.

    Makes turf maintenance, snow and ice management, landscape, rental and specialty construction equipment, and irrigation and outdoor lighting products and equipment.

    Revenue

    • $2,538M in revenue
    • 4.79% change from 2017

    Profits

    • $274.9M in profits
    • 16.14% change

    Assets

    • $1,517M in total assets
    • 8.12% change

    Market capitalization

    • $6,149M market capitalization
    • -17.46% change
  • 21

    H.B. Fuller Co.

    A global adhesives provider for the packaging, hygiene, electronics and assembly materials, paper converting, woodworking industries.

    • FUL
    • Manufacturing
    • 2017 ranking: 22
    • Vadnais Heights
    • hbfuller.com

    Revenue

    • $2,306M in revenue
    • 10.09% change from 2017

    Profits

    • $58.2M in profits
    • -53.1% change

    Assets

    • $4,361M in total assets
    • 112.1% change

    Market capitalization

    • $2,606M market capitalization
    • -0.47% change
  • 22

    Deluxe Corp.

    One of the country’s largest check printers, it also provides services such as fraud protection, marketing and design for small firms, banks and others.

    • DLX
    • Manufacturing
    • 2017 ranking: 24
    • Shoreview
    • deluxe.com

    Revenue

    • $1,966M in revenue
    • 6.3% change from 2017

    Profits

    • $250.7M in profits
    • 9.29% change

    Assets

    • $2,209M in total assets
    • 1.12% change

    Market capitalization

    • $3,184M market capitalization
    • -5.66% change
  • 23

    Winnebago Industries Inc.

    Based in Iowa but with Twin Cities executive offices, it is a manufacturer of motor homes and travel trailers and is buying Chris-Craft boats.

    Winnebago is based in Forest City Iowa but CEO Mike Happe established a management headquarters in Eden Prairie

    Revenue

    • $1,752M in revenue
    • 74.08% change from 2017

    Profits

    • $77.6M in profits
    • 59.24% change

    Assets

    • $924.9M in total assets
    • 4.78% change

    Market capitalization

    • $1,148M market capitalization
    • 47.1% change
  • 24

    Graco Inc.

    Makes products to move, measure, control, dispense and spray fluid materials for manufacturing, construction, food and other industries.

    • GGG
    • Manufacturing
    • 2017 ranking: 27
    • Minneapolis
    • graco.com

    Revenue

    • $1,475M in revenue
    • 10.94% change from 2017

    Profits

    • $288M in profits
    • 607.62% change

    Assets

    • $1,379M in total assets
    • 10.95% change

    Market capitalization

    • $7,609M market capitalization
    • 21.89% change
  • 25

    Regis Corp.

    Owns, operates and franchises hair salons in mall and strip-center locations in the United States, United Kingdom, Puerto Rico and Canada.

    Revenue

    • $1,455M in revenue
    • -16.63% change from 2017

    Profits

    • $32.9M in profits
    • 631.11% change

    Assets

    • $921.9M in total assets
    • -10.52% change

    Market capitalization

    • $797.5M market capitalization
    • 71.53% change
  • 26

    Sleep Number Corp.

    Makes and sells adjustable mattresses and bedding. The company's Sleep IQ technology collects and analyzes biometric data.

    Revenue

    • $1,444M in revenue
    • 10.16% change from 2017

    Profits

    • $63.4M in profits
    • 23.31% change

    Assets

    • $471.8M in total assets
    • 3.2% change

    Market capitalization

    • $1,033M market capitalization
    • -17.9% change
  • 27

    Allete Inc.

    Provides electric utility services through its Minnesota Power subsidiary and invests in infrastructure and other energy businesses.

    Revenue

    • $1,419M in revenue
    • 5.94% change from 2017

    Profits

    • $159.2M in profits
    • 2.51% change

    Assets

    • $5,080M in total assets
    • 3.54% change

    Market capitalization

    • $3,939M market capitalization
    • 5.2% change
  • 28

    TCF Financial Corp.

    National financial bank holding company with branches in Minnesota and six other states, providing retail and commercial banking services.

    • TCF
    • Financial Service
    • 2017 ranking: 28
    • Wayzata
    • tcfbank.com

    Revenue

    • $1,374M in revenue
    • 4.53% change from 2017

    Profits

    • $137.9M in profits
    • -34.99% change

    Assets

    • $23,002M in total assets
    • 7.28% change

    Market capitalization

    • $4,427M market capitalization
    • 67.76% change
  • 29

    Apogee Enterprises Inc.

    Fabricates, distributes and installs glass products and systems; it operates four segments, three in the commercial construction market.

    • APOG
    • Manufacturing
    • 2017 ranking: 31
    • Edina
    • apog.com

    Revenue

    • $1,287M in revenue
    • 21.1% change from 2017

    Profits

    • $80.3M in profits
    • -2.79% change

    Assets

    • $1,044M in total assets
    • 45.53% change

    Market capitalization

    • $1,232M market capitalization
    • -21.31% change
  • 30

    Tennant Co.

    Makes mechanized cleaning equipment, sustainable cleaning technologies, aftermarket parts and consumables and specialty surface coatings.

    Revenue

    • $1,003M in revenue
    • 24.06% change from 2017

    Profits

    • $-6.2M in profits
    • NM

    Assets

    • $994M in total assets
    • 111.47% change

    Market capitalization

    • $1,417M market capitalization
    • 13.28% change
  • 31

    Piper Jaffray Companies

    Diversified financial services company providing asset management, investment banking, public finance, brokerage and research services

    Revenue

    • $895.2M in revenue
    • 16.28% change from 2017

    Profits

    • $-7.8M in profits
    • NM

    Assets

    • $2,025M in total assets
    • -4.74% change

    Market capitalization

    • $1,137M market capitalization
    • 26.83% change
  • 32

    Otter Tail Corp.

    Diversified corporation with investments in electric utility operations and manufacturing operations including metal fabrication and plastics.

    Revenue

    • $849.4M in revenue
    • 5.71% change from 2017

    Profits

    • $73.9M in profits
    • 19.12% change

    Assets

    • $2,004M in total assets
    • 4.81% change

    Market capitalization

    • $1,832M market capitalization
    • 15.63% change
  • 33

    MTS Systems Corp.

    Provides testing hardware, software and services solutions to help customers improve their design, development and manufacturing processes.

    • MTSC
    • Manufacturing
    • 2017 ranking: 36
    • Eden Prairie
    • mts.com

    Revenue

    • $782.8M in revenue
    • 10.42% change from 2017

    Profits

    • $31.2M in profits
    • 79.05% change

    Assets

    • $1,173M in total assets
    • 0.19% change

    Market capitalization

    • $934.2M market capitalization
    • 5.69% change
  • 34

    Stratasys Ltd.

    Provides 3-D printing and additive manufacturing solutions by making printers and also prototype and manufactured goods services.

    • SSYS
    • Information Technology
    • 2017 ranking: 37
    • Eden Prairie
    • stratasys.com

    Revenue

    • $668.4M in revenue
    • -0.6% change from 2017

    Profits

    • $-260.8M in profits
    • NM

    Assets

    • $1,380M in total assets
    • 1.01% change

    Market capitalization

    • $997.8M market capitalization
    • -32.11% change
  • 35

    EVINE Live Inc.

    Multiplatform video commerce company that offers a range of proprietary and name brands directly to consumers via television, online and mobile devices.

    • EVLV
    • Retail/Service
    • 2017 ranking: 38
    • Eden Prairie
    • evine.com

    Revenue

    • $648.2M in revenue
    • -2.7% change from 2017

    Profits

    • $-1.24M in profits
    • NM

    Assets

    • $249.3M in total assets
    • -9.27% change

    Market capitalization

    • $77.4M market capitalization
    • 2.37% change
  • 36

    Bio-Techne Corp.

    Makes hematology controls and biotechnology products for research scientists to improve drug discovery and accurate clinical testing.

    Revenue

    • $599.4M in revenue
    • 13.5% change from 2017

    Profits

    • $82.6M in profits
    • 0.45% change

    Assets

    • $1,555M in total assets
    • 2.33% change

    Market capitalization

    • $5,648M market capitalization
    • 33.6% change
  • 37

    Hawkins Inc.

    Manufactures and distributes bulk and specialty chemicals and other health and nutrition products out of 41 facilities in 19 states,.

    Revenue

    • $495.8M in revenue
    • 0.27% change from 2017

    Profits

    • $19.2M in profits
    • -17.26% change

    Assets

    • $430.7M in total assets
    • 3.85% change

    Market capitalization

    • $335.3M market capitalization
    • -33.53% change
  • 38

    Capella Education Co.

    Provides online education, primarily through Capella University; it is being acquired by Strayer Education in Virginia.

    In October 2017 Capella Education and Strayer Education Inc. announced plans for a $1.9 billion merger. Headquarters of the combined company will be in Virginia but the organization will operate separately accredited schools.

    Revenue

    • $440.4M in revenue
    • 2.56% change from 2017

    Profits

    • $25.6M in profits
    • -39.63% change

    Assets

    • $279M in total assets
    • 0.61% change

    Market capitalization

    • $1,108M market capitalization
    • 8.52% change
  • 39

    Christopher & Banks Corp.

    Operates specialty retail stores and e-commerce website selling private-brand apparel and accessories for women.

    Revenue

    • $365.9M in revenue
    • -4.12% change from 2017

    Profits

    • $-22.02M in profits
    • NM

    Assets

    • $119.4M in total assets
    • -11.31% change

    Market capitalization

    • $31.9M market capitalization
    • -34.2% change
  • 40

    Tile Shop Holdings Inc.

    Specialty retailer of manufactured and natural stone tiles, setting and maintenance materials and related accessories.

    Revenue

    • $344.6M in revenue
    • 6.31% change from 2017

    Profits

    • $15.4M in profits
    • -16.59% change

    Assets

    • $270.7M in total assets
    • 2.05% change

    Market capitalization

    • $377.9M market capitalization
    • -63.65% change
  • 41

    Proto Labs Inc.

    Online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production with operations in five countries.

    Revenue

    • $344.5M in revenue
    • 15.58% change from 2017

    Profits

    • $50M in profits
    • 17.03% change

    Assets

    • $518.7M in total assets
    • 25.22% change

    Market capitalization

    • $3,248M market capitalization
    • 87.75% change
  • 42

    SPS Commerce Inc.

    Cloud-based supply chain management solutions, providing fulfillment, sourcing and item assortment management as well as performance analytics.

    Revenue

    • $220.6M in revenue
    • 14.13% change from 2017

    Profits

    • $6.2M in profits
    • 8.09% change

    Assets

    • $335.5M in total assets
    • 12.45% change

    Market capitalization

    • $1,292M market capitalization
    • 26.27% change
  • 43

    Northern Oil and Gas Inc.

    Independent nonoperator energy company engaged in the exploration and development of oil and natural gas properties

    Revenue

    • $209.3M in revenue
    • 44.44% change from 2017

    Profits

    • $-9.99M in profits
    • NM

    Assets

    • $632.3M in total assets
    • 46.51% change

    Market capitalization

    • $721.1M market capitalization
    • 611.72% change
  • 44

    Cardiovascular Systems Inc.

    Treats peripheral artery disease and coronary artery disease with its patented orbital atherectomy systems (OAS) technology .

    • CSII
    • Health/Medical
    • 2017 ranking: 48
    • New Brighton
    • csi360.com

    Revenue

    • $207.4M in revenue
    • 7.59% change from 2017

    Profits

    • $-3.4M in profits
    • NM

    Assets

    • $190.1M in total assets
    • 19.75% change

    Market capitalization

    • $1,001M market capitalization
    • -0.77% change
  • 45

    Digi International Inc.

    Global provider of business and mission-critical machine-to-machine and Internet of Things connectivity products and services.

    • DGII
    • Manufacturing
    • 2017 ranking: 46
    • Minnetonka
    • digi.com

    Revenue

    • $181.7M in revenue
    • -8.2% change from 2017

    Profits

    • $7.6M in profits
    • -40.18% change

    Assets

    • $347.5M in total assets
    • 4.83% change

    Market capitalization

    • $317.7M market capitalization
    • 24.05% change
  • 46

    ANI Pharmaceuticals Inc.

    Makes branded and generic prescription pharmaceuticals and performs contract manufacturing services for other pharmaceutical companies.

    Revenue

    • $176.8M in revenue
    • 37.46% change from 2017

    Profits

    • $12.3M in profits
    • 212.66% change

    Assets

    • $412.1M in total assets
    • 27.64% change

    Market capitalization

    • $746.6M market capitalization
    • 45.09% change
  • 47

    ASV Holdings Inc.

    Designer and manufacturer of compact track and skid steer loaders and related accessories and attachments.

    ASV Holdings completed an IPO on May 12, 2017
    • ASV
    • Manufacturing
    • 2017 ranking: n/a
    • Grand Rapids
    • asvi.com

    Revenue

    • $123.3M in revenue
    • 18.78% change from 2017

    Profits

    • $2M in profits
    • NM

    Assets

    • $115.1M in total assets
    • -3.87% change

    Market capitalization

    • $63.4M market capitalization
    • -19.79% change
  • 48

    Nortech Systems Inc.

    Full-scale provider of contract design, engineering, production and post-market services for electro-mechanical products.

    Revenue

    • $112.3M in revenue
    • -3.71% change from 2017

    Profits

    • $-2.17M in profits
    • NM

    Assets

    • $52.1M in total assets
    • -6.18% change

    Market capitalization

    • $8.5M market capitalization
    • -6.29% change
  • 49

    Tactile Systems Technology Inc.

    Develops and provides medical devices for the treatment of chronic diseases at home including Flexitouch System for treats chronic limb swelling.

    Revenue

    • $109.3M in revenue
    • 29.28% change from 2017

    Profits

    • $7.1M in profits
    • 146.61% change

    Assets

    • $88.4M in total assets
    • 19.56% change

    Market capitalization

    • $897M market capitalization
    • 105.4% change
  • 50

    IntriCon Corp.

    Develops and manufactures miniature and micro-miniature body-worn medical and electronics products, mainly for medical, hearing health and audio fields.

    • IIN
    • Manufacturing
    • 2017 ranking: 61
    • Arden Hills
    • intricon.com

    Revenue

    • $88.3M in revenue
    • 29.85% change from 2017

    Profits

    • $1.2M in profits
    • NM

    Assets

    • $53.2M in total assets
    • 21.54% change

    Market capitalization

    • $221.8M market capitalization
    • 301.3% change

The Star Tribune 50 is a measure of the largest publicly held companies with headquarters in Minnesota ranked by revenue. Another 23 companies were considered but whose revenues were too small for the list. Data for the 50 largest companies also includes each company’s net income before extraordinary item — many companies adjusted net income based on corporate tax reform, assets and market capitalization. Data for the list was taken from Thomson Reuters.

The list excludes public companies that do not trade on major exchanges, closely held companies, which usually do not disclose financial data, cooperatives and fraternal benefits organizations. Companies that closed acquisitions in 2018 but did not file year-end results were also excluded. Companies who have management headquarters in Minnesota, including Medtronic, Pentair and Winnebago Industries are included.

Star Tribune graphic: Patrick Kennedy, Alan Palazzolo, Jamie Hutt, David Braunger