• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
LeadershipFortune 500

Here’s Why These 15 Companies Fell Off the Fortune 500

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
June 7, 2017, 6:30 AM ET
Add Fortune on Google for similar content.

Last year was a decent year for corporate earnings, and a great year for the stock market. But there were still plenty of companies—15, to be exact—that lost their places on the Fortune 500.

The majority of the companies that left the list this year fell off as a result of the prolonged oil glut, which has clobbered revenues for energy companies. (The Fortune 500 ranks companies by annual revenue.) Though it has rallied from lows it hit in early 2016, the price of crude oil is down 56% since mid-2014, trading at about $48 a barrel in June 2017.

That said, things could have been worse: In 2015, 29 companies dropped off the Fortune 500 list. Here are the 15 that fell off in 2016, listed in order of where they appeared on last year’s list.

1. KKR
Fortune 1000 Rank: 656
Last Appearance: 347
One-Year Revenue Change: -55.6%

A private equity firm specializing in leveraged buyouts, KKR earned some $5.5 billion from its investments in 2015, but that figure dropped to $109 million in 2016. That was partly due to a poor-performing bet in an energy exploration company, Samson Resources, and a slide in the value of KKR’s shares of payment-tech company First Data Corp after a volatile start to 2016.

2. Hess
Fortune 1000 Rank: 525
Last Appearance: 394
One-Year Revenue Change: -26.3%

A petroleum refiner, Hess has not escaped the consequences of the oil glut. As the price of the commodity slid in 2016, so did Hess’s revenue, which fell to $4.8 billion and knocked Hess down by 131 positions on the Fortune 500. A glimmer of good news: by the final quarter of 2016, oil prices were beginning to rebound, pushing the company’s average realized crude selling price up 4.9%, to $45.97 a barrel.

3. Trinity Industries
Fortune 1000 Rank: 539
Last Appearance: 407
One-Year revenue Change: -28.2%

Trinity, which operates railway and construction businesses, reported that its revenue had fallen to $4.5 billion in 2016, due primarily to lower demand for transportation via its railcars and inland barges. Trinity largely transports chemicals, petroleum, coal, sand, and other industrial cargo. The company posted profits of $38.4 million last year, down 57% from a year earlier.

4. FMC Technologies
Fortune 1000 Rank: 543
Last Appearance: 410
One-Year Revenue Change: -28.6%

Yet another company exposed to the energy sector, FMC Technologies sells oil exploration and extraction equipment. BFMC Technologies’ revenue fell to $4.7 billion, and it earned profit of $54.8 million, down 90% from a year earlier.

5. Commercial Metals
Fortune 1000 Rank: 535
Last Appearance: 417
One-Year Revenue Change: -24.5%

Commercial Metals, which processes scrap metal and steel, reported a decrease in sales of about $1.4 billion from the year before, resulting in revenue of $4.6 billion. Blame (you guessed it) the low price of oil. As oil extraction and exploration slowed, as did demand for scrap metal.

6. Barnes & Noble
Fortune 1000 Rank: 555
Last Appearance: 427
One-Year Revenue Change: -27.5%

The only retailer this year to fall off the Fortune 500, the brick-and-mortar bookstore seems to belong to a dying breed. Pressured by online booksellers with larger selections and a larger, established base (primarily Amazon), Barnes & Noble’s revenue fell to $4.4 billion in 2016.

7. Marathon Oil
Fortune 1000 Rank: 536
Last Appearance: 438
One-Year Revenue Change: -20.7%

An oil company with international facilities, Marathon Oil couldn’t maintain profitability in 2016, with a loss of $2.1 billion on revenue of $4.6 billion. Hit hard by falling oil prices, Marathon resorted to divesting assets,

8. Peabody Energy
Fortune 1000 Rank: 533
Last Appearance: 458
One-Year Revenue Change: -15.9%

Peabody Energy, the nation’s biggest coal producer, has been on a gradual slide down the Fortune 500 over the past few years, as falling demand for coal hit it hard. Coal prices in general were driven even lower in 2016 due to low natural gas prices and warmer-than-usual winter temperatures that cut down demand for coal as an electricity generator, according to the U.S. Energy Information Administration.

9. Visteon
Fortune 1000 Rank: 693
Last Appearance: 470
One-Year Revenue Change: -41.1%

Automotive electronics supplier Visteon’s revenue fell to $3.2 billion in 2016, largely due to the company selling off its interiors-production facility in Germany in late 2015.

10. Ashland Global Holdings
Fortune 1000 Rank: 516
Last Appearance: 472
One-Year Revenue Change: -8.1%

Ashland Global Holdings, which produces industrial chemicals, reported revenue of $5 billion in 2016. The results came in lower than the year before partly due to a stronger dollar. The company has also recently made some divestitures, including the spinoff of motor oil maker Valvoline, which was completed in 2017.

11. NiSource
Fortune 1000 Rank: 545
Last Appearance: 483
One-Year Revenue Change: -15.4%

A utilities company focused on natural gas, NiSource’s revenue fell to $4.5 billion in 2016 after splitting off a significant portion of its business, Columbia Pipeline Group, into a separate entity the year before. Warmer-than-usual weather also helped depressed demand last year.

12. Domtar
Fortune 1000 Rank: 505
Last Appearance: 489
One-Year Revenue Change: -3.2%

Paper distributor Domtar reported sales of $5.1 billion for 2016, as the net average selling price for pulp and paper fell from a year earlier.

13. Spectra Energy
Fortune 1000 Rank: 519
Last Appearance: 493
One-Year Revenue Change: -6.1%

Natural gas company Spectra also reported a drop in revenue, to $4.9 billion. Like its peer NiSource, Spectra had trouble drumming up demand for heating fuel. The lower Canadian dollar also hurt the company by making its exports less attractive.

14. Navient
Fortune 1000 Rank: 514
Last Appearance: 494
One-Year Revenue Change: -4.5%

Student loan company Navient reported revenue of $5 billion in 2016 as it faced regulatory scrutiny. The U.S. Consumer Financial Protection Bureau alleged that the company had encouraged struggling borrowers to take on forbearance agreements rather than income-driven repayment plans, effectively putting its own interests ahead of its customers.

15. Telephone & Data Systems
Fortune 1000 Rank: 504
Last Appearance: 496
One-Year Revenue Change: -1.4%

A telecommunications company, Telephone & Data Systems reported revenue of $5.1 billion for the year largely due to decreases in a key metric—the average revenue billed per user. Lower roaming rates also pressed down revenue.

Editor’s note: This story has been updated to more fully reflect the reasons for NiSource’s revenue declines.

About the Author
Lucinda Shen
By Lucinda Shen
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market 
Asiatourism
European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market 
By Nicholas GordonJuly 24, 2026
11 minutes ago
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazineoil and gas
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
11 minutes ago
tokens
AIAI agents
‘You just hired a million bad employees’: How the brief tokenmaxxing era delivered the opposite of what it promised
By Nick LichtenbergJuly 24, 2026
11 minutes ago
bots
AIAI agents
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet’s business model
By Mia OsmonbekovJuly 23, 2026
11 hours ago
Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
Big TechMarkets
Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
By Barbara Ortutay and The Associated PressJuly 23, 2026
14 hours ago
Benjamin Franklin's experiment with the kite.
AIScience
The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billion
By Eva RoytburgJuly 23, 2026
15 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
2 days ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
1 day ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
16 hours ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
21 hours ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.