America's Biggest Companies That Didn't Exist 10 Years Ago

Navient became an independent company in the spring of 2014, when it split from Sallie Mae. The company provides student loan services and has served some 12 million borrowers through more than $300 billion in student loans. While student loan debt is currently one of the largest forms of consumer debt in the United States, Navient’s business may be suffering due to declining college enrollment. In the spring of 2019, college enrollment was down 1.7% from the previous year.

Everett, a Washington-based industrial technology company, was formed in July 2016 as a spinoff from Danaher Corporation, a D.C.-based science and technology conglomerate. Today, the multi-billion dollar company has facilities in 50 countries in North America, Asia Pacific, Europe, and Latin America. It operates in multiple business segments, including transportation technologies, automation, professional instrumentation, and sensing technologies.

Chemours is a specialty chemicals manufacturer that was spun off from DuPont in July 2015. The company specializes in titanium technologies, fluoroproducts, and chemical solutions and has 37 manufacturing and laboratory facilities worldwide and customers in over 120 countries. Chemours products have practical applications in a range of industries, including automotive, consumer electronics, energy, and mining.

Virginia-based aerospace and defense contractor Huntington Ingalls Industries was formed on March 31, 2011 as a spinoff from Northrup Gruman, another defense contractor. The move was made to better meet the demands of the U.S. Navy — and today, HII ranks as the largest military shipbuilding company in the United States. As of 2018, 88% of the company’s revenue came from contracts with the U.S. Navy, and 5% came from the Coast Guard.

Insurance provider Brighthouse Financial was founded on Aug. 7, 2017, as a spinoff from MetLife. The company operates what was formerly MetLife’s U.S. retail insurance segment, which largely consists of life insurance and annuities. MetLife retained a 19.2% stake in Brighthouse. In 2018, Brighthouse reported $4.6 billion in revenue from annuities, $1.4 billion from life insurance, $2.1 billion from run-off insurance, and $897 million in other revenues. Overall, the company reported $9.0 billion in revenue in 2018, ranking 342nd on the Fortune 500.

Vistra Energy is a power generation company based in Irving, Texas. The company was formed in October 2016, when TCEH Corp. came out of Chapter 11 bankruptcy as an independent company and rebranded as Vistra Energy the following month. Through brands like TXU Energy, Dynegy, and Luminant, Vistra Energy operates across 20 states. The company is expanding rapidly, reporting an increase in revenue from $5.4 billion in 2017 to $9.1 billion in 2018.

News Corp, or News Corporation, is a diversified media and information services company that became a fully independent company on June 28, 2013, when News Corporation split from 21st Century Fox. A number of some of the most recognizable global media brands fall under the News Corp umbrella, including Dow Jones, The Wall Street Journal, and HarperCollins Publishers.

The original News Corp was founded in 1979 by billionaire media mogul Rupert Murdoch, who decided to split the company off from 21st Century Fox in 2013. While Murdoch is still the company’s executive chairman, News Corp’s CEO is Australian journalist Robert Thompson.

Arconic was formed on Nov. 1, 2016, when Alcoa Inc. split into two new public companies — Alcoa Corp. and Arconic. Arconic was formed to focus on materials and engineered products for a range of industries, including aerospace and automotive. The company has beat earnings estimates in each of the last four quarters and reported $14.0 billion in revenue in 2018, up from $13.0 billion in 2017.

Synchrony Financial is a Connecticut-based financial services company. The company provides consumer and commercial clients, including companies such as e-commerce giant Amazon and hardware and home-improvement retailer Lowe’s, with credit products. As of the end of 2018, the company had $93.1 billion in loan receivables.

Synchrony was initially a part of international conglomerate General Electric for over 80 years. However, in an effort to reduce its financial services operations, GE separated its consumer finance business over the course of about two years to create the standalone company Synchrony Financial in November 2015.

Mondelēz International was formed on Oct. 1, 2012, as a spinoff from Kraft Foods. Mondelez was structured to focus on the high growth international snacks and confections segment of Kraft Foods, while the remainder company — Kraft Foods Group, which later merged with Heinz in 2015 — was to focus on grocery products for the North American market. Today, Mondelēz’s product line includes brands like Cadbury, Chips Ahoy!, Honey Maid, Oreo, Ritz, Trident, and Wheat Thins. Mondelēz reported $25.9 billion in revenue in 2018, the 116th highest of any U.S. public company.

Hewlett Packard Enterprises, or HPE, was formed on Nov. 1, 2015, when it separated from Hewlett Packard. The split was executed so HPE could focus on IT, cloud, and software products and services, while HP stayed with the company’s personal computer and printer business.

HPE beat earnings estimates in each of the last four quarters and reported $30.9 billion in revenue in 2018, up from $28.9 billion in 2017.

Biopharmaceuticals company AbbVie was founded on Jan. 1, 2013, as a spinoff from Abbott Laboratories. While the new Abbott Laboratories would focus on diagnostic and medical devices, AbbVie was founded to focus on research-based pharmaceuticals. Today, AbbVie’s product line includes the rheumatoid arthritis drug Humira — which accounts for 61% of the company’s revenue — as well as the cancer treatment drug Imbruvica and the hepatitis C treatment Mavyret. Abbvie reported $32.8 billion in net revenue in 2018, the 96th largest revenue of any public U.S. company.