Kapitolist

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

• July 16, 2008 -- Twin Tech Party Tomorrow Oversubscribed