Kapitolist thought it would be fun to rank the Washington, DC region’s publicly traded companies on their market capitalizations. We’ve taken a 41.5 mile radius from 20002, Union Station, DC to be the definition of “DC Area” for our purposes here. That covers out to Middleburg, VA and Towson, MD. (Yes, spherical trigonometry was involved in this exercise.) The capitalizations are as of market close July 17, 2008.
First, we note the shrinkage of Fannie Mae and Freddie Mac due to the mortgage upheaval. The once biggest companies in the region are now a fraction of their bubble-era size. In fact, both rank below the less glamorous Sallie Mae. Danaher shares the top spots with the steady military giants, but is it really a DC business? My impression is that Danaher’s presence in the District of Columbia is limited to a floor of a building on Pennsylvania Ave. Readers can correct me if I am wrong. Meanwhile, Sprint-Nextel is off the list as it consolidated headquarters earlier this year in Overland, Kansas. If it were still here, Sprint-Nextel would take Danaher’s spot at number three. Not all is lost, as a vestage of Nextel, NII, still remains based in Reston and holds the ninth spot.
Interesting at number twenty-one is FTI Consulting. Bearing Point, Booz Allen, Accenture, Wyatt Watson are big names in this region; who knew we had a $3.5 billion market cap consulting firm in our backyard with
“specialized expertise in the areas of compliance, risk, reputation, liability, performance, finance and information?”
NVR, Inc at twenty-seventh with a $2.6 billion cap has avoided the wake of the housing bust faced by other homebuilders. NVR’s stock price is up 25% from five years ago. Oh yeah, NVR’s stock trades around $515.
Micros Systems is twenty-eight with a $2.4 billion cap. California doesn’t have a lock on all the great software businesses, and nor do the one thriving ones found here have to be military related. Micros’ domain is the relatively mundane but broadly important business of enterprise point of sale systems for hospitality and retail.
With a name like Synutra and headquarters in Rockville, you’d think it was yet another biotech firm of that tech corridor. However, the firm’s full name is Synutra International and the two together it gives a hint of something totally different: Synutra is the third leading manufacturer of baby formula in China–and it is based here. The entire top management team is Chinese. Talk about globalization.
Kapitolist can go on and on about the neat firms in the rankings. Look for yourself, and please share your observations with us in the comments.
Rank
Company
Market Capitalization
1
Lockheed Martin Corp
40,875,820,000
2
General Dynamics Corp
32,492,960,000
3
Danaher Corp
23,700,860,000
4
Constellation Energy Group Ord Shs
14,425,680,000
5
Capital One Financial Ord Shs
12,662,790,000
6
T Rowe Price Group Inc
12,265,610,000
7
AES Corp
11,199,090,000
8
Marriott International Inc
8,105,387,000
9
NII Holdings Inc
7,439,999,000
10
SLM Ord Shs
7,063,287,000
11
Fannie Mae Ord Shs
6,896,127,000
12
AvalonBay Comm Ord Shs
6,531,373,000
13
Host Hotels & Resorts Ord Shs
6,057,813,000
14
Washington Post Co
5,483,262,000
15
Pepco Holdings Inc
5,032,894,000
16
Coventry Health Care Inc
4,354,353,000
17
Legg Mason Ord Shs
4,167,792,000
18
Gannett Co Inc
3,967,702,000
19
Federal Realty Investment Trust
3,754,230,000
20
American Capital Ltd
3,611,562,000
21
FTI Consulting Inc
3,534,161,000
22
Foundation Coal Holdings Inc
3,410,501,000
23
Freddie Mac Ord Shs
3,401,758,000
24
Black & Decker Corp
3,234,432,000
25
Strayer Education Inc
2,908,936,000
26
XM Satellite Radio Holdings Inc
2,559,165,000
27
NVR Inc
2,552,813,000
28
Micros Systems Inc
2,428,544,000
29
United Therapeutics Corp
2,374,130,000
30
Watson Wyatt Worldwide Inc
2,294,106,000
31
Harman International Industries Inc
2,271,416,000
32
CapitalSource Inc
2,268,145,000
33
Allied Capital Corp
1,898,852,000
34
Ciena Corp
1,840,059,000
35
ManTech International Corp
1,751,085,000
36
WGL Holdings Ord Shs
1,702,148,000
37
NeuStar Inc
1,666,708,000
38
W.R. Grace & Co
1,605,145,000
39
Corporate Office Properties Trust Ord Shs
1,571,715,000
40
Synutra International Inc
1,547,660,000
41
Choice Hotels International Inc
1,463,594,000
42
Washington Real Estate Investment Trust
1,460,825,000
43
Orbital Sciences Corp
1,368,310,000
44
CACI International Ord Shs
1,286,470,000
45
Corporate Executive Board Co (The)
1,285,785,000
46
HealthExtras Inc
1,264,221,000
47
Under Armour Inc
1,242,909,000
48
SRA International Inc
1,189,429,000
49
Martek Biosciences Corp
1,151,707,000
50
Omega Healthcare Ord Shs
1,117,668,000
51
Blackboard Inc
1,105,197,000
52
Adams Express Co
973,286,300
53
Sunrise Senior Living Inc
910,271,400
54
CoStar Group Inc
896,724,400
55
Hughes Communications Inc
887,475,200
56
Petroleum & Resources Corp
887,275,800
57
Dyncorp International Inc
851,580,000
58
Human Genome Sciences Inc
822,093,500
59
Saul Centers Ord Shs
820,012,300
60
Diamondrock Hospitality Ord Shs
819,777,500
61
LaSalle Hotel Ord Shs
815,102,100
62
MicroStrategy Inc
756,041,900
63
Stanley Inc
749,061,300
64
Maximus Inc
643,324,600
65
Advisory Board Co
632,388,700
66
ICO Global Communications (Holdings) Ltd
617,182,400
67
K12 Inc
605,006,900
68
Vocus Inc
593,126,200
69
comScore Inc
574,754,300
70
Cogent Communications Group Inc
531,362,400
71
TNS Inc
527,166,700
72
USEC Inc
516,917,200
73
ARGON ST Inc
516,420,000
74
Sucampo Pharmaceuticals Inc
467,418,800
75
Osiris Therapeutics Inc
460,606,100
76
RCN Corp
420,819,000
77
Constellation Energy Partners LLC
403,193,400
78
Integral System Inc
374,211,700
79
Emergent BioSolutions Inc
354,325,300
80
First Potomac Realty Trust
352,191,000
81
Hanger Orthopedic Group Inc
348,005,700
82
FBR Capital Markets Ord Shs
339,387,800
83
GeoEye Inc
338,813,700
84
Brookfield Homes Corp
328,226,600
85
Deltek Inc
308,601,100
86
NCI Inc
307,796,300
87
Liquidity Services Inc
283,546,800
88
Learning Tree International Inc
279,980,200
89
SI International Inc
278,411,300
90
Gladstone Capital Corp
272,240,500
91
MCG Capital Corp
256,344,800
92
Friedman Billings Ramsey Group Inc
244,041,900
93
Federal Agricultural Mortgage Class C Ord Shs
243,043,700
94
ICx Technologies Inc
241,035,700
95
Chindex International Inc
238,371,000
96
Online Resources Corp
233,739,000
97
ICF International Inc
233,598,900
98
Sandy Springs Bancorp Inc
224,580,000
99
Nabi Biopharmaceuticals
220,746,600
100
USA Mobility Inc
210,771,300
101
TeleCommunication Systems Inc
203,597,000
102
Opnet Technologies inc
198,638,300
103
TerreStar Ord Shs
196,510,500
104
Intersections Inc
177,197,900
105
Sourcefire Inc
172,674,400
106
Bearingpoint Inc
169,962,400
107
Iomai Corp
167,432,800
108
Argan Inc
166,541,700
109
Novavax Inc
160,656,800
110
Provident Bankshares Corp
158,113,200
111
GP Strategies Corp
156,291,900
112
Gladstone Investment Corp
154,781,700
113
Cardinal Financial Corp
151,009,100
114
JER Investors Ord Shs
149,190,000
115
Tier Technologies Inc
148,670,900
116
VSE Corp
144,800,600
117
GSE Systems Inc
138,716,800
118
Gladstone Commerical Ord Shs
132,761,500
119
Micromet Inc
131,060,300
120
Union Street Acquisition Ord Shs
125,000,000
121
GenVec Inc
115,301,700
122
Virginia Commerce Bancorp
107,256,800
123
MiddleBrook Pharmaceuticals Inc
95,772,240
124
Radio One Class D Ord Shs
93,006,280
125
Secure America Acquisition Ord Shs
92,250,000
126
QuadraMed Corp
87,354,550
127
Vanda Pharmaceuticals Inc
79,958,190
128
Eagle Bancorp Inc (MD)
77,279,990
129
Middleburg Financial Corp
75,824,240
130
GTSI Corp
73,871,620
131
CEL-SCI Corp
72,947,410
132
Community Bankers Trust Ord Shs
71,480,580
133
Interstate Hotels & Resorts Inc
70,959,850
134
Dialysis Corporation of America
69,932,100
135
Medifast Inc
69,899,350
136
WorldSpace Inc
64,850,530
137
Severn Bancorp Inc
63,420,080
138
ReGeneRx Biopharmaceuticals Inc
60,317,630
139
American Community Properties Trust
58,836,940
140
Convera Corporation
58,126,460
141
Access National Corp
54,111,530
142
Fairchild Corp
52,218,170
143
PharmAthene Inc
46,162,080
144
Versar Inc
44,490,430
145
Neuralstem Inc
41,698,640
146
India Globalization Capital Ord Shs
41,050,830
147
Allied Defense Group Inc, The
39,947,020
148
Cuisine Solutions Inc
39,526,860
149
Celsion Corp
38,858,610
150
Entremed Inc
36,025,040
151
Millennium Bankshares Corp
35,442,020
152
WSB Holdings Inc
34,202,840
153
Sutron Corp
33,600,660
154
Glen Burie Bancorp Ord Shs
33,203,100
155
Optelecom-NKF Inc
31,013,910
156
Fortress International Group Ord Shs
30,646,170
157
Telkonet Inc
28,038,920
158
Abigail Adams National Bancorp Inc
27,015,850
159
Old Line Bancshares Inc (Marylnd)
25,398,430
160
Carrollton Bancorp
24,429,970
161
Cytomedix Inc
22,037,270
162
Alliance Bankshares Corp
18,793,100
163
SteelCloud Inc
17,734,520
164
Annapolis Bancorp Inc
17,631,250
165
Avalon Pharmaceuticals Inc
17,544,440
166
First Mariner Bancorp
15,865,010
167
Bay National Corp
15,097,840
168
CommerceFirst Bancorp Inc
12,907,700
169
Vuance
12,710,063
170
TVI Corp
12,642,530
171
Universal Security Instruments Inc
12,066,170
172
LCC International Inc
10,903,830
173
Spherix Inc
7,588,910
174
Ore Pharmaceuticals Inc
7,264,080
175
Halifax Corp
2,381,410
176
Comstock Homebuilding Companies Inc
1,969,420
