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Meet the 23 Companies That Are New to the Fortune 500

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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. See: The Most Anticipated IPOs of 2021 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.
Last updated: Dec. 14, 2020
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Dow: No. 78

  • 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. See: Companies That Performed Exceptionally Well in 2020

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Baker Hughes / Baker Hughes

Baker Hughes: No. 129

  • 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. Smart Business Moves: The Most Lucrative Collaborations of All Time
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Uber Technologies: No. 228

  • 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. 2020 in Review: The Year for Apple
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Corteva: No. 234

  • 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. Find Out: The 25 Companies Contributing 20% of Trump’s Business Revenue

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Fox: No. 280

  • 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. 2020 in Review: The Year for Small Businesses Across the US
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Equitable Holdings: No. 333

  • 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. Hopeful: Industries Set To Bounce Back in 2021
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KKR: No. 349

  • 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. Success Stories: Companies That Exceeded Expectations Last Quarter
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CommScope Holding: No. 381

  • 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. 2020 in Review: The Year for Google

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Westinghouse Air Brake: No. 388

  • 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. See: Businesses That Millennials Have Killed (and Why It’s for the Best)  
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Andersons: No. 390

  • 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. The Year of Delivery: Companies That Surged in 2020  
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Cincinnati Financial: No. 400

  • 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. Worth It: Major Financial Risks Walt Disney Took in His Career  
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FM Global: No. 447

  • 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. Groundbreaking: These 16 New Food Companies Are Changing the Way We Eat

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Ovintiv: No. 449

  • 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. See: How Stores and Businesses Are Preparing For a COVID-19 Winter  
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Securian Financial Group: No. 455

  • 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. Find Out: Old-School Services That Have Returned During the Pandemic  
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Science Applications International: No. 466

  • 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. Year in Review: Fortune 500 Companies That Added the Most New Jobs in 2020
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Avantor: No. 484

  • 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. Read More: Industries That Made Their Mark in 2020  

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TD Ameritrade Holding: No. 486

  • 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. Look Back: 15 of Your Favorite Companies That Have Gone Out of Business
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Commercial Metals: No. 491

  • 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. Check Out: The Top Retail Store in Every State
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Rush Enterprises: No. 492

  • 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. Struggles: Disney and 12 More Surprising Companies That Had a Disastrous 2020
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Fortune Brands Home & Security: No. 494

  • 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. Keep Reading: How Costco and Other Big-Name Big-Box Stores Handled 2020  

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Crown Castle International: No. 496

  • 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. Year in Review: The Year for Facebook
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Cerner: No. 498

  • 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. See: 14 Famous Companies That Aren’t Profitable  
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Huntington Bancshares: No. 500

  • 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. More From GOBankingRates
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