Meet the 23 Companies That Are New to the Fortune 500

Fortune defines its annual namesake 500 list as the “ultimate business scorecard.” The 500 companies that make the cut are the largest companies in the U.S., ranked by their revenue, and this year, the included businesses represent two-thirds of the U.S. economy with $14.2 trillion in total revenue.

In 2020, some newcomers made their debut on the ranking. Some are spinoffs of larger companies that reorganized or split, while others have just seen their revenues climb high enough this year to make the list for the first time. For this list, the change in rank is in regard to the Fortune 1000 list.

Take a look at the companies that are new to the Fortune 500  this year, as well as where they rank.

• Revenue: $42.95 billion
• Profits: -$1.36 billion
  
• Assets: $60.52 billion
  
• Market value: $21.72 billion
• Number of employees: 36,500
  
• Change in rank: N/A

DowDuPont split itself into three publicly traded entities in 2019, one of which is the now-independent chemical company Dow.

• Revenue: $23.84 billion
• Profits: $128 million
  
• Assets: $53.37 billion
  
• Market value: $10.83 billion
• Number of employees: 68,000
  
• Change in rank: N/A

Baker Hughes is an energy technology and oil-field services company that was acquired by General Electric in 2017. It rejoined the Fortune 500 as a free-standing company after GE divested much of its ownership stake in the business in 2019.

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• Revenue: $14.15 billion
• Profits: –$8.51 billion
  
• Assets: $31.76 billion
  
• Market value: $48.23 billion
• Number of employees: 26,900
  
• Change in rank: N/A

Uber Technologies provides ride-hailing, food-delivery and mobility services. Its technology is available in 69 countries.

• Revenue: $13.85 billion
• Profits: -$959 million
  
• Assets: $42.4 billion
  
• Market value: $17.61 billion
• Number of employees: 21,000
  
• Change in rank: N/A

Corteva is another one of the companies that was formed when DowDuPont split. Corteva is the agriculture business that spun off from it. It provides farmers with seed, crop protection and digital solutions.

• Revenue: $11.39 billion
• Profits: $1.6 billion
  
• Assets: $19.51 billion
  
• Market value: $14.14 billion
• Number of employees: 7,700
  
• Change in rank: N/A

Fox Corporation was formed in March 2019. It consists of the television news and sports properties that were not acquired by Disney when it purchased the movie business portions of Twenty-First Century Fox.

• Revenue: $9.59 billion
• Profits: -$1.73 billion
  
• Assets: $249.87 billion
  
• Market value: $6.71 billion
• Number of employees: 10,100
  
• Change in rank: N/A

Equitable Holdings is a New York City-based financial services holding company that dates back to 1859.

• Revenue: $9.12 billion
• Profits: $2.01 billion
  
• Assets: $60.9 billion
  
• Market value: $19.91 billion
• Number of employees: 1,384
  
• Change in rank: 177

KKR — Kohlberg Kravis Roberts — is a New York-based investment firm that focuses on alternative asset classes.

• Revenue: $8.35 billion
• Profits: -$929.5 million
  
• Assets: $14.43 billion
  
• Market value: $1.78 billion
• Number of employees: 30,000
  
• Change in rank: 188

CommScope is a global network infrastructure provider based in Hickory, North Carolina. It joined the Fortune 500 list after it acquired the telecom equipment company Arris International.

• Revenue: $8.2 billion
• Profits: $326.7 million
  
• Assets: $18.94 billion
  
• Market value: $9.23 billion
• Number of employees: 27,500
  
• Change in rank: 201

Also known as Wabtec, Westinghouse Air Brake provides products and services for the global rail industry.

• Revenue: $8.17 billion
• Profits: $18.3 billion
  
• Assets: $3.9 billion
  
• Market value: $628.7 million
• Number of employees: 2,284
  
• Change in rank: 364

Andersons produces goods and services for the agricultural sector. It specializes in grain, ethanol and plant nutrients.

• Revenue: $7.92 billion
• Profits: $2 billion
  
• Assets: $25.41 billion
  
• Market value: $12.24 billion
• Number of employees: 5,200
  
• Change in rank: 115

Cincinnati Financial is a property and casualty insurer.

• Revenue: $6.74 billion
• Profits: $2.48 billion
  
• Assets: $25.05 billion
  
• Market value: N/A
• Number of employees: 5,591
  
• Change in rank: 65

FM Global is a 185-year-old mutual insurance company focusing on property insurance.

• Revenue: $6.73 billion
• Profits: $234 million
  
• Assets: $21.49 billion
  
• Market value: $701.5 million
• Number of employees: 2,571
  
• Change in rank: N/A

Energy company Encana became Ovintiv in January 2020 after a corporate reorganization. Headquartered in Denver, the company produces oil and natural gas.

• Revenue: $6.6 billion
• Profits: $434.8 million
  
• Assets: $63.14 billion
  
• Market value: N/A
• Number of employees: 6,400
  
• Change in rank: 51

Securian Financial Group provides a number of financial services, including life insurance, investment products, retirement plans and asset management. The company dropped off the list in 2019 and returned in 2020.

• Revenue: $6.38 billion
• Profits: $226 million
  
• Assets: $4.71 billion
  
• Market value: $4.32 billion
• Number of employees: 24,311
  
• Change in rank: 94

Based in Reston, Virginia, the information technology company made it back on the Fortune 500 ranking in 2020 for the first time in 51 years.

• Revenue: $6.04 billion
• Profits: $37.8 million
  
• Assets: $9.77 billion
  
• Market value: $7.16 billion
• Number of employees: 12,000
  
• Change in rank: N/A

Avantor — which manufactures and distributes laboratory supplies, chemicals and reagents — counts government agencies, biotech and big pharmaceutical companies as its clients.

• Revenue: $6.02 billion
• Profits: $2.21 billion
  
• Assets: $43.79 billion
  
• Market value: $18.74 billion
• Number of employees: 9,226
  
• Change in rank: 23

TD Ameritrade Holding is a brokerage that provides investment advisory services and an online trading platform for individual investors. It was acquired by Charles Schwab in a deal valued at $26 billion.

• Revenue: $5.83 billion
• Profits: $198.1 million
  
• Assets: $3.76 billion
  
• Market value: $1.88 billion
• Number of employees: 11,524
  
• Change in rank: 54

Commercial Metals is a steel and metal manufacturer based in Irving, Texas.

• Revenue: $5.81 billion
• Profits: $141.6 million
  
• Assets: $3.41 billion
  
• Market value: $1.15 billion
• Number of employees: 7,244
  
• Change in rank: 12

Rush Enterprises is the largest commercial vehicle retailer in North America, best known for its sales of new and used trucks.

• Revenue: $5.76 billion
• Profits: $431.9 million
  
• Assets: $6.29 billion
  
• Market value: $6.04 billion
• Number of employees: 24,700
  
• Change in rank: 14

Master Lock, Sentry Safe, MasterBrand Cabinets, Moen faucets and Therma-Tru doors are all part of Fortune Brands, a home-fixture manufacturer.

• Revenue: $5.76 billion
• Profits: $860 million
  
• Assets: $38.46 billion
  
• Market value: $60.18 billion
• Number of employees: 5,100
  
• Change in rank: 17

This investment real estate trust focuses specifically on the communications infrastructure business, including cell towers, fiber cables and small cell nodes.

• Revenue: $5.69 billion
• Profits: $529.5 million
  
• Assets: $6.89 billion
  
• Market value: $19.16 billion
• Number of employees: 27,400
  
• Change in rank: 22

Based in North Kansas City, Missouri, Cerner is a supplier of health devices, services and information.

• Revenue: $5.66 billion
• Profits: $1.41 billion
  
• Assets: $109 billion
  
• Market value: $8.4 billion
• Number of employees: 15,664
  
• Change in rank: 24

Huntington Bancshares is a Midwestern bank holding company and one of the country’s largest Small Business Administration loan originators.

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