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. 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 fiscal 2019, Brighthouse reported $4.6 billion in revenue from annuities, $1.3 billion from life insurance, $2.0 billion from run-off insurance, and $176 million in other revenues. However, after adjustments related to different matters, including investments, the company reported $6.6 billion in revenue in fiscal 2019, ranking 457th on the Fortune 500.
> 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. Today, the multi-billion dollar company has facilities in more than 50 countries on four continents. It operates in multiple business segments, including transportation technologies, automation, professional instrumentation, and sensing technologies.
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 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 2019, 87% of the company’s revenue came from contracts with the U.S. Navy, 4% from the Coast Guard, and another 6% from other government agencies.
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. 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 from 21st Century Fox in 2013. While Murdoch is still the company’s executive chairman, News Corp’s CEO is Australian journalist Robert Thompson.
5. Vistra Corp.
> Founding date: Oct. 2016
> Latest annual revenue: $11.8 billion
> Industry: Power
Vistra Corp. 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 operates across 20 states. The company is expanding rapidly, reporting consistent revenue growth — from $5.4 billion in 2017 to $9.1 billion in 2018 to $11.8 billion in 2019.