• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
FinanceFortune 500

These five Fortune 500 companies had the fastest revenue growth

Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
June 16, 2015, 11:37 AM ET
Courtesy of Micron Technology
Add Fortune on Google for similar content.

There’s a reason mergers and acquisitions activity spiked 45% in 2014 to hit $3.5 trillion: dealmaking, facilitated by low borrowing costs, helps America’s Fortune 500 companies boast dramatic revenue growth worthy of tech startups.

Indeed, M&A accounts for four of the five biggest sales jumps in the Fortune 500: Spartan Stores, a Midwest grocery distributor, tripled its revenue and expanded beyond its midwestern stronghold, by buying Nash Finch and becoming SpartanNash, now the largest wholesaler serving U.S. military commissaries. NGL Energy Partners and Devon Energy continued their years of dealmaking by buying smaller rivals, or their key assets, while chipmaker Micron Technology became a giant in the flash memory chips market by buying Elpida.

One company high on the list that achieved heady growth organically was biotech company Gilead, whose hepatitis blockbuster drugs doubled its revenue last year.

But few companies other than biotech or IT companies can hope to pull off such a feat, so it looks like M&A will remain the main tool for such outsized growth by Fortune 500 companies. And so far in 2015, the pace of dealmaking suggest that’s exactly what they’re doing.

1. SpartanNash

SpartanNash (SPTN) is the product of the late 2013 merger between Spartan Stores and Nash-Finch that created a leading wholesaler of grocery to military commissaries and food retailers, along with its own chain of 162 stores in the Midwest under different banners.

The combined company's came to $7.9 billion in 2014, more than triple what Spartan made on its own. Though the company is now bigger and has more clout, it also is competing for businesses that offer the tiniest of margins, particularly the military, meaning it will likely need to keep scaling up.

2. Gilead Sciences

Gilead Sciences (GILD) sold $10.3 billion of its new hepatitis C drug, Sovaldi, last year, almost enough to make it the best-selling drug in the world in its first year on the market, and practically doubling company sales on its own. (Overall, revenue rose 122.2% to $24 billion.)

The biotech company later launched an even newer hepatitis C drug, Harvoni, that generated another $2 billion. But health plans are trying to pit Gilead against AbbVie, which introduced its own hepatitis C treatment, Viekira Pak, last year in a bid to contain costs.

Still, after a strong start to the year, Gilead raised its sales outlook for 2015 and now expects to rake in up to $29 billion this year.

3. NGL Energy Partners

NGL Energy Partners (NGL) is a diversified company that owns facilities ranging from crude oil storage terminals, pipeline injection stations, a trucks, water treatment and disposal facilities, and a business that supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants throughout Canada and the U.S.

NGL's revenue, which grew 119.6% last year to $9.7 billion, thanks in large part to a bunch of acquisitions, such as its late 2014 acquisition of Gavilon Energy, which owned crude oil terminals in Oklahoma, Texas, and Louisiana that broadened its geographic reach. And with lower energy prices expected to set off more consolidation in the industry, it wouldn't be surprising to see NGL continue its shopping spree in 2015.

 

 

 

4. Devon Energy

Devon Energy (DVN) is one of the biggest independent natural gas and oil producers in the U.S, focused on North American onshore exploration and production.

Its 88% jump in revenue to $19.6 billion last year came from a number of big acquisitions, including a $6 billion deal to buy some oil and gas properties and leasehold mineral interests from GeoSouthern Energy. But even as it plans to continue dealmaking, Devon warned investors in its annual report that low energy prices could hurt its business in 2015.

5. Micron Technology

Micron Technology's (MU) revenue rose 80.3% last year to $16.4 billion thanks to its mid-2013 acquisition of Elpida, which made it the second biggest producer of dynamic random access memory (DRAM), a key part in personal computers. (Samsung is the biggest producer of DRAM.)  The Boise-based company also become a bigger player in the flash memory chips market, one set to grow as smartphones and tablet computers continue to grow in popularity.

 

To see the full list of the Fortune 500, visit Fortune.com/Fortune500

About the Author
Phil Wahba
By Phil WahbaSenior Writer
LinkedIn iconTwitter icon

Phil Wahba is a senior writer at Fortune primarily focused on leadership coverage, with a prior focus on retail.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Chad Hurley and Steven Chen wearing suits
SuccessWealth
YouTube’s founders split over $650 million when they sold to Google in 2006—had they held out, they could have taken a slice of $550 billion
By Preston ForeJuly 3, 2026
10 hours ago
Photo: Paris, france
Environmentclimate change
Brutal heatwave in France is killing 2,000 people per week, undertakers are overwhelmed, and health agency says there’s worse to come
By John Leicester and The Associated PressJuly 3, 2026
10 hours ago
Photo: World Cup fans drinking.
EconomyEconomics
On Wall Street, analysts increasingly don’t believe the U.S. government’s ‘misleading’ job numbers
By Jim EdwardsJuly 3, 2026
13 hours ago
U.S. President Donald Trump talks to reporters after signing an executive order dealing with automobile repairs with Environmental Protection Agency Administrator Lee Zeldin in the Oval Office at the White House on June 29, 2026 in Washington, DC.
EconomyFed
Trump is already causing a headache for his new Fed chairman, saying the central bank’s board is ‘hostile’ and ‘doing the wrong thing’
By Eleanor PringleJuly 3, 2026
14 hours ago
A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire
EuropeLetter from London
A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire
By Kamal AhmedJuly 3, 2026
14 hours ago
Man in a black hat and jacket
InvestingSpace Exploration
Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once
By Amanda GerutJuly 3, 2026
14 hours ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
1 day ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
17 hours ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
1 day ago
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
Economy
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
By Jim EdwardsJuly 3, 2026
13 hours ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
1 day ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.