Wal-Mart, Exxon Mobil Top Fortune 500 List

On the other hand, Ford, which didn't take government money, ranks at No. 8.

"People gave them a lot of credit for not doing that [taking government money]. And I think that really helped them in the marketplace," Serwer said. "There are actually people who bought Fords because they didn't take a bailout from the government."

Apple jumped up to No. 56 on the list, from 71 the previous year.

"What an incredible story," Serwer said. "Steve Jobs runs that company, he introduced the iPad, the iPhone, the iPod Touch -- these products are just amazing and they are growing so fast."

Good news for the economy, but not a business model for the rest of us, Cramer warns.

"The people who run it are too smart, so we don't have their model," he said. "We can just look up at them and maybe we can get some crumbs of wisdom from them."

CLICK HERE to see the full Fortune 500 List at Fortune.com

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