Jirapong Manustrong / Shutterstock.com
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.
See: The Most Anticipated IPOs of 2021 Take a look at the companies that are new to the Fortune 500 this year, as well as where they rank.
Last updated: Dec. 14, 2020
Daniel J. Macy / Shutterstock.com Dow: No. 78
DowDuPont split itself into three publicly traded entities in 2019, one of which is the now-independent chemical company Dow.
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 See: Companies That Performed Exceptionally Well in 2020
Baker Hughes / Baker Hughes Baker Hughes: No. 129
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.
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 Smart Business Moves: The Most Lucrative Collaborations of All Time
NYCStock / Shutterstock.com Uber Technologies: No. 228
Uber Technologies provides ride-hailing, food-delivery and mobility services. Its technology is available in 69 countries.
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 2020 in Review: The Year for Apple
©iStock.com Corteva: No. 234
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: $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 Find Out: The 25 Companies Contributing 20% of Trump’s Business Revenue
ALBA VIGARAY/EPA-EFE/Shutterstock / ALBA VIGARAY/EPA-EFE/Shutterstock Fox: No. 280
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: $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 2020 in Review: The Year for Small Businesses Across the US
Nikada / iStock.com Equitable Holdings: No. 333
Equitable Holdings is a New York City-based financial services holding company that dates back to 1859.
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 Hopeful: Industries Set To Bounce Back in 2021
©Shutterstock.com KKR: No. 349
KKR -- Kohlberg Kravis Roberts -- is a New York-based investment firm that focuses on alternative asset classes.
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 Success Stories: Companies That Exceeded Expectations Last Quarter
rafapress / Shutterstock.com CommScope Holding: No. 381
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: $8.35 billion
Profits: -$929.5 million
Assets: $14.43 billion
Market value: $1.78 billion
Number of employees: 30,000
Change in rank: 188 2020 in Review: The Year for Google
JHVEPhoto / Shutterstock.com Westinghouse Air Brake: No. 388
Also known as Wabtec, Westinghouse Air Brake provides products and services for the global rail industry.
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
See: Businesses That Millennials Have Killed (and Why It’s for the Best)
©Shutterstock.com Andersons: No. 390
Andersons produces goods and services for the agricultural sector. It specializes in grain, ethanol and plant nutrients.
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
The Year of Delivery: Companies That Surged in 2020
Casimiro PT / Shutterstock.com Cincinnati Financial: No. 400
Cincinnati Financial is a property and casualty insurer.
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
Worth It: Major Financial Risks Walt Disney Took in His Career
©iStock.com FM Global: No. 447
FM Global is a 185-year-old mutual insurance company focusing on property insurance.
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 Groundbreaking: These 16 New Food Companies Are Changing the Way We Eat
©Shutterstock.com Ovintiv: No. 449
Energy company Encana became Ovintiv in January 2020 after a corporate reorganization. Headquartered in Denver, the company produces oil and natural gas.
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
See: How Stores and Businesses Are Preparing For a COVID-19 Winter
©iStock.com Securian Financial Group: No. 455
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: $6.6 billion
Profits: $434.8 million
Assets: $63.14 billion
Market value: N/A
Number of employees: 6,400
Change in rank: 51
Find Out: Old-School Services That Have Returned During the Pandemic
©Shutterstock.com Science Applications International: No. 466
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: $6.38 billion
Profits: $226 million
Assets: $4.71 billion
Market value: $4.32 billion
Number of employees: 24,311
Change in rank: 94 Year in Review: Fortune 500 Companies That Added the Most New Jobs in 2020
©Shutterstock.com Avantor: No. 484
Avantor -- which manufactures and distributes laboratory supplies, chemicals and reagents -- counts government agencies, biotech and big pharmaceutical companies as its clients.
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
Read More: Industries That Made Their Mark in 2020
Bandersnatch / Shutterstock.com TD Ameritrade Holding: No. 486
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: $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 Look Back: 15 of Your Favorite Companies That Have Gone Out of Business
Denisfilm / Getty Images/iStockphoto Commercial Metals: No. 491
Commercial Metals is a steel and metal manufacturer based in Irving, Texas.
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 Check Out: The Top Retail Store in Every State
shotbydave / Getty Images Rush Enterprises: No. 492
Rush Enterprises is the largest commercial vehicle retailer in North America, best known for its sales of new and used trucks.
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 Struggles: Disney and 12 More Surprising Companies That Had a Disastrous 2020
©Shutterstock.com Fortune Brands Home & Security: No. 494
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: $431.9 million
Assets: $6.29 billion
Market value: $6.04 billion
Number of employees: 24,700
Change in rank: 14
Keep Reading: How Costco and Other Big-Name Big-Box Stores Handled 2020
©Shutterstock.com Crown Castle International: No. 496
This investment real estate trust focuses specifically on the communications infrastructure business, including cell towers, fiber cables and small cell nodes.
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 Year in Review: The Year for Facebook
©Shutterstock.com Cerner: No. 498
Based in North Kansas City, Missouri, Cerner is a supplier of health devices, services and information.
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
See: 14 Famous Companies That Aren’t Profitable
©iStock.com Huntington Bancshares: No. 500
Huntington Bancshares is a Midwestern bank holding company and one of the country's largest Small Business Administration loan originators.
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
More From GOBankingRates
Photo disclaimer: Please note that photos are for representational purposes only.