Super spinoffs: Here are some of biggest US companies that didn’t exist a decade ago
24/7 Wall Street
To identify America’s biggest companies that did not exist 10 years ago, 24/7 Wall St. reviewed a range of sources, including the Fortune 500. Companies are listed by revenue in ascending order.
Ipopba / Getty Images
9. Brighthouse Financial
• Founding date: Aug. 2017
• Latest annual revenue: $6.6 billion
• Industry: Insurance
Insurance provider Brighthouse Financial began operating on Aug. 7, 2017, as a spinoff from MetLife.
Brighthouse Financial, Inc.• Founding date: Aug. 2017
• Latest annual revenue: $6.6 billion
• Industry: Insurance
Insurance provider Brighthouse Financial began operating on Aug. 7, 2017, as a spinoff from MetLife.
8. Fortive
• Founding date: July 2016
• Latest annual revenue: $7.3 billion
• Industry: Industrial technology
Fortive, an Everett, Washington-based industrial technology company, was formed in July 2016 as a spinoff from Danaher Corporation, a Washington, D.C.-based science and technology conglomerate.
Fortive Corporation• Founding date: July 2016
• Latest annual revenue: $7.3 billion
• Industry: Industrial technology
Fortive, an Everett, Washington-based industrial technology company, was formed in July 2016 as a spinoff from Danaher Corporation, a Washington, D.C.-based science and technology conglomerate.
7. Huntington Ingalls Industries
• Founding date: March 2011
• Latest annual revenue: $8.9 billion
• Industry: Defense
Virginia-based aerospace and defense contractor Huntington Ingalls Industries was formed on March 31, 2011, as a spinoff from Northrup Grumman, another defense contractor.
Public Domain / Wikimedia Commons• Founding date: March 2011
• Latest annual revenue: $8.9 billion
• Industry: Defense
Virginia-based aerospace and defense contractor Huntington Ingalls Industries was formed on March 31, 2011, as a spinoff from Northrup Grumman, another defense contractor.
6. News Corp
• Founding date: June 2013
• Latest annual revenue: $9.0 billion
• Industry: Media
News Corp, or News Corporation, is a diversified media and information services company that became a fully independent company on June 28, 2013, after News Corporation split from 21st Century Fox.
Michael Nagle / Getty Images News Via Getty Images• Founding date: June 2013
• Latest annual revenue: $9.0 billion
• Industry: Media
News Corp, or News Corporation, is a diversified media and information services company that became a fully independent company on June 28, 2013, after News Corporation split from 21st Century Fox.
5. Vistra Corp.
• Founding date: Oct. 2016
• Latest annual revenue: $11.8 billion
• Industry: Power
The power generation company based in Irving, Texas, 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.
Vistra Energy Corp.• Founding date: Oct. 2016
• Latest annual revenue: $11.8 billion
• Industry: Power
The power generation company based in Irving, Texas, 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.
4. Synchrony Financial
• Founding date: Nov. 2015
• Latest annual revenue: $19.4 billion
• Industry: Financial services
A Connecticut-based financial services company, Synchrony was a part of international conglomerate General Electric for over 80 years before its spinoff.
Synchrony Financial• Founding date: Nov. 2015
• Latest annual revenue: $19.4 billion
• Industry: Financial services
A Connecticut-based financial services company, Synchrony was a part of international conglomerate General Electric for over 80 years before its spinoff.
3. Mondelez International
• Founding date: Oct. 2012
• Latest annual revenue: $25.9 billion
• Industry: Processed foods
Mondelez International was formed on Oct. 1, 2012, as a spinoff from Kraft Foods.
Internetweek / Flickr• Founding date: Oct. 2012
• Latest annual revenue: $25.9 billion
• Industry: Processed foods
Mondelez International was formed on Oct. 1, 2012, as a spinoff from Kraft Foods.
2. HPE
• Founding date: Nov. 2015
• Latest annual revenue: $27.0 billion
• Industry: IT
Hewlett Packard Enterprises, or HPE, was formed on Nov. 1, 2015, when it separated from Hewlett Packard.
Rishabh_m / Flickr• Founding date: Nov. 2015
• Latest annual revenue: $27.0 billion
• Industry: IT
Hewlett Packard Enterprises, or HPE, was formed on Nov. 1, 2015, when it separated from Hewlett Packard.
1. AbbVie
• Founding date: Jan. 2013
• Latest annual revenue: $33.3 billion
• Industry: Pharmaceuticals
Biopharmaceuticals company AbbVie was founded on Jan. 1, 2013, as a spinoff from Abbott Laboratories.
Boris Streubel / Getty Images• Founding date: Jan. 2013
• Latest annual revenue: $33.3 billion
• Industry: Pharmaceuticals
Biopharmaceuticals company AbbVie was founded on Jan. 1, 2013, as a spinoff from Abbott Laboratories.
Featured Weekly Ad