The 62 Largest Virginia Cos Had Audited Total Pretax Earnings Declines of 9.4% in Fiscal Year Ended (FYE) 2018 and of Another 6.1% in FYE 2017. But Such Earnings Increased By 47% in FYE 2016, Obama's Last Year in Office.

Democratic Presidential Candidate Pete Buttigieg Has Been Very Active Campaigning in the Politically Astute Washington DC Area, Including the Bordering State of Virginia.  Thus, I Think It Might Be Helpful to Research Just How Virginia Companies Have Performed on the Audited Earnings Front in the Most Recent Three Years.
......................................................................

From a review of SEC filings, Google Finance, MSN Money and Market Watch Big Charts, I found 64 Virginia Companies with stock markets caps of above $1 bil sometime since the beginning of 2018.  Two of these 64 Companies haven't as yet filed with the SEC their Annual 10-Ks for the Fiscal Year Ended March 31, 2019.  That leaves 62 Virginia Companies.

My Focus is on Pretax Income rather than on After-Tax Net Income because Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with company operating performance.

From SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended (FYEs) 2018, 2017, 2016 and 2015 for each of these 62 Virginia Companies.

			Most
			Recent	Audited	Audited	Audited	Audited
			Annual	Pretax	Pretax	Pretax	Pretax
			Audited	Income	Income	Income	Income
	Virginia		Financial	(Loss)	(Loss)	(Loss)	(Loss)
Virginia Companies	City	State	Sts	FYE	FYE	FYE	FYE
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	2018	2017	2016	2015
				$ mils	$ mils	$ mils	$ mils
Northern Virginia Area Companies
Freddie Mac	McLean	VA	Dec 18	11,474	16,834	11,639	9,274
Capital One Financial	McLean	VA	Dec 18	7,318	5,492	5,484	5,881
General Dynamics	Falls Church	VA	Dec 18	4,085	4,077	3,656	4,219
Northop Grumman	Falls Church	VA	Dec 18	3,742	4,229	2,681	2,790
AES Corp	Arlington	VA	Dec 18	2,057	842	223	1,094
Hilton Worldwide	McLean	VA	Dec 18	1,078	753	540	533
AvalonBay Community	Arlington	VA	Dec 18	974	877	1,034	743
NVR Inc	Reston	VA	Dec 18	960	847	662	603
Willis Towers Watson	Arlington	VA	Dec 18	851	492	342	351
Verisign	Reston	VA	Dec 18	730	599	581	488
Leidos Holding	Reston	VA	Dec 18	610	393	318	355
Booz Allen Hamilton	McLean	VA	Mar 19	515	430	426	379
Tegna	McLean	VA	Dec 18	509	311	449	346
Park Hotels & Resorts	Tysons	VA	Dec 18	500	285	221	417
Graham Holdings	Arlington	VA	Dec 18	324	183	251	(121)
Maximus	Reston	VA	Sep 18	299	314	286	260
CACI Intl	Arlington	VA	.Jun 18	299	249	224	202
Parsons Corporation	Centreville	VA	Dec 18	260	133	12	128
Science Applications Intl	Reston	VA	Jan 19	170	214	212	183
Mantech Intl	Fairfax	VA	Dec 18	111	97	90	85
Chesapeake Lodging Trust	Arlington	VA	Dec 18	98	79	79	70
Continental Building Products	Herndon	VA	Dec 18	95	76	67	26
PRA Group	Norfolk	VA	Dec 18	89	160	136	258
ePLUS	Herndon	VA	Mar 19	86	84	86	76
ICF Intl	Fairfax	VA	Dec 18	83	74	75	64
Beacon Roofing Supply	Herndon	VA	Sep 18	68	163	147	106
Playa Hotels & Resorts NV	Fairfax	VA	Dec 18	31	9	24	8
Gannett Co	McLean	VA	Dec 18	30	41	66	194
K12 Inc	Herndon	VA	.Jun 18	27	5	13	15
MicroStrategy Inc	Tysons Corner	VA	Dec 18	20	71	115	138
Alarm.com Holdings	Tysons	VA	Dec 18	12	32	14	17
Strategic Education	Herndon	VA	Dec 18	(19)	53	57	66
Iridium Communications	McLean	VA	Dec 18	(21)	120	178	73
Appian	Reston	VA	Dec 18	(49)	(30)	(14)	(7)
Evolent Health	Arlington	VA	Dec 18	(54)	(76)	(238)	343
Comscore	Reston	VA	Dec 18	(156)	(284)	(121)	(78)
GTT Communications	McLean	VA	Dec 18	(249)	(54)	9	(15)
Intelsat SA	Tyson's Corner	VA	Dec 18	(465)	(104)	1,010	(3,918)
Total all 38 Northern Virginia Cos				36,492	38,070	31,034	25,646
Pretax Income % Change vs Preceding Year				-4%	23%	21%
Richmond Area Cos
Altria Group	Richmond	VA	Dec 18	9,341	9,828	21,852	8,078
Dominion Energy	Richmond	VA	Dec 18	3,129	3,090	2,867	2,828
CarMax	Richmond	VA	Feb 19	1,113	1,064	1,006	1,010
Genworth Financial	Richmond	VA	Dec 18	448	729	320	(15)
NewMarket	Richmond	VA	Dec 18	290	315	343	339
Apple Hospitality REIT	Richmond	VA	Dec 18	207	183	145	118
Performance Food Group	Richmond	VA	.Jun 18	194	158	115	97
Union Bankshares	Richmond	VA	Dec 18	179	105	102	90
Universal Corp	Richmond	VA	Mar 19	151	167	169	173
Brink's Co	Richmond	VA	Dec 18	43	182	125	41
Kinsale Capital Group	Richmond	VA	Dec 18	40	39	40	34
Markel	Glen Allen	VA	Dec 18	(8)	87	630	742
Owens & Minor	Mechanicsville	VA	Dec 18	(469)	57	173	173
Total all 13 Richnond Area Cos				14,658	16,004	27,887	13,708
Pretax Income % Change vs Preceding Year				-8%	-43%	103%
Hampton Roads Area Cos
Norfolk Southern	Norfolk	VA	Dec 18	3,469	3,128	2,582	2,442
Huntington Ingalls Industries	Newport News	VA	Dec 18	971	772	784	632
Towne Bank	Portsmouth	VA	Dec 18	172	148	101	93
Armada Hoffler Properties	Virginia Beach	VA	Dec 18	23	31	43	31
Dollar Tree	Chesapeake	VA	Jan 19	(1,309)	1,704	1,329	448
Total all 5 Hampton Roads Area Cos				3,326	5,783	4,839	3,646
Pretax Income % Change vs Preceding Year				-42%	20%	33%
Rest Of Virginia Cos
Advance Auto Parts	Roanoke	VA	Dec 18	555	520	739	753
BWX Technologies	Lynchburg	VA	Dec 18	280	296	257	221
Trex Co	Winchester	VA	Dec 18	177	142	103	77
American Woodward	Winchester	VA	Apr 18	95	109	92	54
Shenandoah Telecomm	Edinburg	VA	Dec 18	62	13	2	69
Intrexon	Blacksburg	VA	Dec 18	(536)	(130)	(194)	(87)
Total all 6 Rest of Virginia Cos				633	950	999	1,087
Pretax Income % Change vs Preceding Year				-33%	-5%	-8%
Total all 62 Virginia Cos				55,109	60,807	64,759	44,087
Pretax Income % Change vs Preceding Year				-9.4%	-6.1%	47%

The 62 Largest Virginia Cos Experienced Huge and Growing Total Pretax Income (TPTI) Deterioration in the Most Recent Three Quarters, Suffering TPTI Declines of 10% in the 3Q 2018, 28% in the 4Q 2018 and 41% in the 1Q 2019

Democratic Presidential Candidate Pete Buttigieg Has Been Very Active Campaigning in the Washington DC Area, Including the Bordering State of Virginia.  Thus, I Think It Might Be Helpful to Research Just How Virginia Companies Have Performed on the Pretax Earnings Front in the Most Recent Four Quarters.
......................................................................

From a review of SEC filings, Google Finance, MSN Money and Market Watch Big Charts, I found 64 Virginia Companies with stock markets caps of above $1 bil sometime since the beginning of 2018.  Two of these 64 Companies didn't disclose quarterly Pretax Income in all of the four most recent quarters.  That leaves 62 Virginia Companies.

My Focus is on Pretax Income rather than on After-Tax Net Income because Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with company operating performance.

From SEC filings, the chart below shows the Gold-Standard US GAAP Pretax  Income (Loss) From Continuing Operations for the First Quarters of both 2019 and 2018, the Fourth Quarters of both 2018 and 2017, the Third Quarters of both 2018 and 2017 and for the Second Quarters of both 2018 and 2017 for each of these 62 Virginia Companies.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income			Income	Income
Virginia Companies		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
Reporting Quarterly Earnings to the SEC		First	First			Fourth	Fourth			Third	Third			Second	Second
in Each of the Most Recent 4 Quarters	Virginia	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $1 Bil	City HQs	2019	2018			2018	2017			2018	2017			2018	2017
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Cos With March 2019 Quarter Ends
Freddie Mac	McLean	1,765	3,674			1,393	3,822			3,262	7,190			3,145	2,501
Capital One Financial	McLean	1,719	1,662			1,243	1,308			1,921	1,585			2,492	1,490
Altria Group	Richmond	1,516	2,466			1,710	2,183			2,608	2,644			2,557	2,910
Northop Grumman	Falls Church	1,034	999			403	1,309			1,237	782			849	812
General Dynamics	Falls Church	915	960			1,132	1,008			1,023	1,027			970	1,032
Norfolk Southern	Norfolk	861	707			930	893			908	800			924	780
Markel	Glen Allen	733	43			(930)	144			519	(360)			361	210
Willis Towers Watson	Arlington	360	264			477	80			36	(35)			74	49
DXC Technology	Tysons	354	588			469	341			332	284			360	91
AES Corp	Arlington	348	1,009			354	122			338	328			356	228
Genworth Financial	Richmond	342	228			(413)	(290)			273	286			360	401
Leidos Holding	Reston	246	125			150	34			170	116			165	135
NVR Inc	Reston	219	191			277	261			250	244			242	209
Hilton Worldwide	McLean	218	221			266	181			293	256			298	250
Advance Auto Parts	Roanoke	191	181			70	74			147	144			157	136
Verisign	Reston	190	152			234	142			178	150			165	160
AvalonBay Communities	Arlington	170	142			386	237			192	238			255	165
Huntington Ingalls Industries	Newport News	149	195			219	187			295	220			262	218
Booz Allen Hamilton	McLean	118	106			140	106			120	111			137	107
Graham Holdings	Arlington	109	57			69	55			135	38			63	66
Park & Hotels & Resorts	Tysons	104	149			65	59			55	61			231	96
Tegna	Tysons	97	76			206	111			107	62			120	73
CACI Intl	Arlington	81	94			93	77			91	56			71	68
Maximus	Reston	81	73			76	80			62	78			85	83
NewMarket	Richmond	81	81			71	65			68	77			70	85
BWX Technologies	Lynchburg	63	85			31	56			85	71			79	88
Universal Corp	Richmond	57	59			39	62			50	42			6	3
Performance Food Group	Richmond	44	45			56	34			35	36			79	67
Atlantic Union Bankshares	Richmond	42	18			53	27			46	28			61	24
TowneBank	Portsmouth	40	32			47	35			48	40			45	40
Trex Co	Winchester	39	48			33	25			39	30			57	44
Apple Hospitality REIT	Richmond	38	42			34	(2)			62	63			68	88
Playa Hotels & Resorts NV	Fairfax	32	31			(9)	(23)			(5)	(5)			13	(4)
Strategic Education	Herndon	29	12			21	12			(56)	8			5	14
Mantech Intl	Herndon	28	26			28	25			29	23			28	25
Brink's Co	Richmond	24	37			52	58			42	38			(89)	31
K12 Inc	Herndon	24	20			33	14			(13)	(18)			10	(5)
Kinsale Capital Group	Richmond	23	9			5	11			14	5			12	13
Continental Building Products	Herndon	21	18			26	23			24	17			27	19
PRA Group	Norfolk	21	29			20	27			14	28			25	24
ePLUS	Herndon	20	18			21	16			25	29			21	21
ICF Intl	Fairfax	19	16			27	18			22	21			19	20
Shenandoah Telecomm	Edinburg	18	8			20	9			20	1			13	0
Alarm.com Holdings	Tysons	9	12			8	12			(17)	10			8	5
Chesapeake Lodging Trust	Arlington	6	4			13	29			54	21			26	25
Armada Hoffler Properties	Virginia Beach	6	7			5	6			6	10			6	5
MicroStrategy Inc	Tysons Corner	(8)	1			2	18			11	21			6	13
Owens & Minor	Mechanicsville	(14)	14			(290)	(18)			(2)	21			(191)	26
Gannett Co	McLean	(15)	(1)			(2)	40			16	6			16	2
Appian	Reston	(17)	(9)			(14)	(7)			(15)	(6)			(11)	(14)
Comscore	Reston	(26)	(50)			(27)	(79)			(24)	(128)			(54)	(38)
GTT Communications	McLean	(26)	(29)			(57)	(10)			(25)	(18)			(137)	(2)
Iridium Communications	McLean	(28)	15			(25)	(13)			(15)	39			3	37
Evolent Health	Arlington	(49)	(14)			(18)	(18)			(12)	(15)			(10)	(20)
Intrexon	Blacksburg	(63)	(51)			(344)	(35)			(73)	(42)			(68)	(20)
Beacon Roofing Supply	Herndon	(95)	(97)			(0)	27			71	74			67	71
Intelsat SA	Tyson's Corner	(115)	(43)			(110)	(28)			(266)	(31)			(46)	(18)
Dominion Energy	Richmond	(563)	661			757	620			1,145	968			566	553
Cos With Jan 2019 or Feb 2019 Qtr Ends
CarMax	Richmond	256	210			248	225			289	290			320	338
American Woodward	Winchester	24	4			25	31			33	31			28	27
Science Applications Intl	Reston	(7)	51			58	62			64	49			55	52
Dollar Tree	Chesapeake	(2,194)	692			340	355			338	344			207	314
Total all 62 Virginia Cos		9,664	16,373			10,196	14,233			16,679	18,483			16,039	14,223
….. % Change From Prior Year Qtr		-41%				-28%				-10%				13%