Fiserv, Generac make big moves up Fortune 1000 list

Fiserv Inc. corporate headquarters in Brookfield
Fiserv Inc. corporate headquarters in Brookfield

Last updated on November 5th, 2021 at 04:19 pm

For the second year in a row, Wisconsin has 8 companies on the Fortune 500 list and 23 on the Fortune 1000 list.

The state’s companies on the 2021 Fortune lists, released today, are the same as last year, with no new additions or subtractions.

Just over half of the state’s Fortune 1000 companies improved their ranking this year. The biggest improvement came from Brookfield-based Fiserv and Town of Genesee-based Generac. Fiserv moved up 106 spots to #205 and Generac moved up 101 spots to #845.

It was the second year in a row that Fiserv made a big move. The financial technology services company moved from #488 on the list in 2019 to #311 in 2020 with its acquisition of New York-based First Data in a $22 billion all-stock deal.

Generac joined the S&P 500 this year. The maker of standby and portable generators has benefited from what it calls the “home as a sanctuary” trend. The idea is that with more people working from home and generally spending time at home, the inconvenience of a power outage increases and so does demand for standby generators. Generac has also benefited from high-profile power outage events, a push into the California market and expansion into clean energy technologies.

The company’s sales increased 12.7% last year to $2.49 billion and net income jumped 39% to $350 million. If the company hits its 2021 guidance, its revenue would grow to more than $3 billion this year. Generac first crossed $2 billion in sales in 2018. It had $588 million in sales in 2009, the year before the company went public.

Here’s the complete list of Wisconsin’s Fortune 1000 companies for 2021, ranked by annual revenue, with 2020 rank in parentheses:

  • 90. Northwestern Mutual Life Insurance Co., Milwaukee, $33.8 billion, (102)
  • 165. ManpowerGroup, Milwaukee, $18 billion, (158)
  • 195. Kohl’s Corp., Menomonee Falls, $16 billion, (165)
  • 205. Fiserv Inc., Brookfield, $14.9 billion, (311)
  • 232. American Family Insurance Group, $13 billion, (254)
  • 400. WEC Energy Group, Milwaukee, $7.2 billion, (416)
  • 422. Oshkosh Corp., Oshkosh, $6.9 billion, (377)
  • 440. Rockwell Automation Inc., Milwaukee, $6.3 billion, (452)
  • 565. Schneider National Inc., Green Bay, $4.6 billion, (571)
  • 614. Harley-Davidson Inc., Milwaukee, $4.1 billion, (519)
  • 615. CUNA Mutual Group, Madison, $4 billion, (632)
  • 621. Spectrum Brands Holdings, Middleton, $3.96 billion, (629)
  • 623. Snap-On Inc., Kenosha, $3.94 billion, (637)
  • 658. Sentry Insurance Group, Stevens Point, $3.6 billion, (670)
  • 680. Alliant Energy Corp., Madison, $3.4 billion, (675)
  • 685. Plexus Corp., Neenah, $3.4 billion, (750)
  • 746. Quad/Graphics Inc., Sussex, $3 billion, (630)
  • 763. Regal Beloit Corp., Beloit, $2.91 billion, (741)
  • 767. A.O. Smith Corp., Milwaukee, $2.9 billion, (785)
  • 845. Generac Holdings Inc., Town of Genesee, $2.5 billion, (946)
  • 902. REV Group, Milwaukee, $2.3 billion, (892)
  • 960. Rexnord Corp., Milwaukee, $1.98 billion, (952)
  • 962. Modine Manufacturing Co., Racine, $1.975 billion, (952)

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Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

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