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Fortune 100 Fastest-Growing Companies

100 Fastest-Growing Companies List

This is the 34th time that Fortune magazine has released its annual list. They selected 100 companies from the US stock companies that have performed well in global revenue, profits and stock returns in the past three years. At the same time, through this list, people can get a glimpse of the development trend of the global economy.

In this year’s “100 Fastest Growing Companies” list, a total of 88 companies are headquartered in 24 U.S. states and Washington, DC. Four of the 12 non-US companies are located in China, namely Alibaba, Baozun, Weibo and 51Job.

In the 100 Fastest-Growing Companies, the financial industry has become the one with the most companies on the list this year, with a total of 24 companies, while the technology industry has slipped to the third place with 20 companies. The tech giants are still on the list: Amazon (ranked 10th) is on the list for the fourth consecutive time, and it is for the sixth consecutive time for Facebook (ranked 52nd). Better-developed companies also performed well. In fact, the average age of companies on the list this year has risen by two years, reaching 40 years.

Overall, these top-ranked companies have beaten the stock market, with an average shareholder return of 19% in the past three years, while the average shareholder return of the S&P 500 index is 11%.

No.1 AppFolioAppFolio

COURTESY OF APPFOLIO, INC  

No.5  奈飞  Netflix

Netflix

COURTESY OF NETFLIX  

No.14  阿里巴巴集团  Alibaba Group Holding

Alibaba Group Holding

VCG/VCG VIA GETTY IMAGES  

No.26  Adobe

Adobe

COURTESY OF ADOBE  

No.27  宝尊电商  Baozun

100 Fastest-Growing Companies Baozun

COURTESY OF BAOZUN  

No.30  Lululemon Athletica

Lululemon Athletica

JOHN GREIM—LIGHTROCKET/GETTY IMAGES  

No.41  微博  Weibo

Weibo

VCG/VCG/GETTY IMAGES  

No.52  Facebook

Facebook

JOSH EDELSON—AFP/GETTY IMAGES  

No.69  前程无忧  51job

51job

WU CHANGQING—IMAGINECHINA/REUTERS  

No.70  Alphabet

Alphabet
COURTESY OF GOOGLE  

100 Fastest-Growing Companies Complete list

1AppFolio
2Medifast
3Texas Pacific Land Trust
4Medpace Holdings
5Netflix
6Vertex Pharmaceuticals
7Kinsale Capital Group
8Etsy
9Paylocity Holding
10Amazon.com
11Kemper
12Malibu Boats
13Corcept Therapeutics
14Alibaba Group Holding
15Veeva Systems
16Fortinet
17Exelixis
18Paycom Software
19FMC
20Take-Two Interactive Software
21EPAM Systems
22RealPage
23Abiomed
24NMI Holdings
25QuinStreet
26Adobe
27Baozun
28Bancorp
29CoStar Group
30Lululemon Athletica
31B2Gold
32Byline Bancorp
33Virtu Financial
34SVB Finanical Group
35Nexstar Media Group
36Arista Networks
37StoneX Group
38Fox Factory Holding
39Alarm.com Holdings
40LGI Homes
41Weibo
42Federal Signal
43Ritchie Bros.Auctioneers
44Progressive
45Generac Holdings
46Kamada
47TopBuild
48Floor & Decor Holdings
49Innoviva
50Mercury Systems
51Qualys
52Facebook
53First Bancshares
54Fly Leasing
55Green Brick Partners
56Knight-Swift Transportation Holdings
57Trex
58Triton International
59Cigna
60Cboe Global Markets
61Sterling Bancorp
62National Bank Holdings
63Lennar
64Microchip Technology
65PRA Health Sciences
66AeroVironment
67Century Communities
68Cabot Oil & Gas
6951job
70Alphabet
71Mastercard
72Ubiquiti
73Gartner
74Copart
75Veritex Holdings
76First Bancorp
77Monolithic Power Systems
78PayPal Holdings
79Chart Industries
80Ollie’s Bargain Outlet Holdings
81Essent Group
82Pinnacle Financial Partners
83NV5 Global
84Kearny Financial
85Qiwi
86Simmons First National
87MYR Group
88United Rentals
89First Foundation
90Regeneron Pharmaceuticals
91Intuitive Surgical
92Kadant
93TransUnion
94Patrick Industries
95Nicolet Bankshares
96Universal Display
97Seacoast Banking Corp. of Florida
98Preferred Bank
99Installed Building Products
100Comfort Systems USA

100 Fastest-Growing Companies Selection method:

Companies on the list of fastest-growing companies must trade on major U.S. stock exchanges (regardless of whether they are U.S. companies), have financial data in US dollars, and submit quarterly reports to the United States Securities and Exchange Commission. And on June 30, 2020, the market value must have reached at least US$250 million, and the stock price must have reached at least US$5. At the same time, it need to have maintained continuous trading status since June 30, 2017.

The company must have achieved revenue and net profit of at least US$50 million and US$10 million respectively in the four quarters ending April 30, 2020 or before. And in the three years ending April 30, 2020 or before, the annualized growth of revenue and earnings per share has to be at least 20%.

Companies that meet these criteria will be ranked according to their revenue growth rate, EPS growth rate, and three-year annualized total return as of June 30, 2020. (In order to calculate revenue and earnings per share growth rate, “Fortune” magazine performed a logarithmic least square linear regression fitting on the data of the previous four quarters.)

The overall ranking is derived from the sum of the three rankings. After identifying 100 companies, the three rankings will be re-ranked with equal weights. If the same total score appears, the company with higher revenue in the four quarters will be ranked higher.

Real estate investment trusts, limited liability companies, limited partnerships, business development companies, closed-end investment companies, and companies that have made loss for the quarter ended April 30, 2020 or before are all excluded from the list. At the same time, Fortune magazine also excluded companies that announced their intention to republish previous financial data (if errors in the financial report seem to have a significant impact on the data).

In addition, Fortune magazine also excluded companies that reported losses in the quarter ended May 31 or June 30, indicating that their business conditions have deteriorated. Data were provided by Zacks Investment Research, and the data checking process was aided by information provided by S& P Global Market Intelligence.

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Cheryl Fu

Cheryl is adept at capturing the most topical business news and has her own unique analysis. This is rare for a young person and she's offered up some really interesting ideas since joining FirmKnow Media.

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