The Americas' Fastest Growing Companies 2024
In Partnership with Financial Times, Statista identified The Americas’ Fastest Growing Companies. The fifth annual list ranks the 500 American companies with the strongest revenue growth between 2019 and 2022.
- Clear and detailed methodology
- Segmented by states and industry
- Partnered with Financial Times
Who are
The Americas' Fastest Growing Companies 2024
project registration
Companies that are interested in participating in next year’s ranking can register below to be notified when applications open.
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Project Details
About the project
575,48%
Highest CAGR
9,00%
Minimum CAGR to be included
500
Companies awarded
calculation of growth rates
The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency. For better comparability in the ranking the revenue figures were converted into US dollars. The average rate for the financial year indicated by the company was used for this purpose.
The compound annual growth rate (CAGR) was calculated as follows:
methodology
How we work
Application Phase
The project was advertised online and in print, allowing all eligible companies to register via the websites created by Statista and the Financial Times. In addition, through research in company databases and other public sources Statista has identified thousands of companies in the Americas as potential candidates for the ranking. These companies were invited to participate in the competition by post and email.
The application phase ran from 21st August 2023 to 15th December 2023. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.
Following the application phase Statista examined the officially stated revenue data of more than 1,000 public companies in the Americas. In the next step high-profile companies that met the aforementioned criteria were added to the list (114 in total). The data has been collected via desk research in official sources like publicly available earning presentations, investor relations websites or annual reports.
The ranking of the The Americas’ Fastest Growing Companies 2024 was created through a complex procedure. Although the search was very extensive, the ranking does not claim to be complete, as some companies did not want to make their figures public or did not participate for other reasons.
Criteria
To be included in the list of the Americas’ fastest growing companies, a company had to meet the following criteria:
- Revenue of at least $100,000 generated in 2019 (or currency value equivalent according to the average of the actual fiscal year).
- Revenue of at least $1.5m generated in 2022 (or currency value equivalent according to the average of the actual fiscal year).
- Be independent (the company is not a subsidiary or branch office of any kind).
- Revenue growth between 2019 and 2022 that was primarily organic (ie “internally” stimulated)
Companies from the following countries are eligible to participate: Argentina, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, United States, Uruguay, Venezuela.
Evaluation
The list ranks entrants from across the Americas by their compound annual growth rate (CAGR) in revenue between 2019 and 2022. The fiscal years that predominantly falls into 2019 and 2022 were used for this calculation.
Quality Assurance
All data reported by the companies was processed and checked by Statista. Missing data entries (employee numbers, address data, etc.) were researched in detail. Companies that did not fulfill the criteria for inclusion in the ranking were deleted.
Partnership
Our reliable partner
Financial Times is one of the world’s leading business news organizations, recognized internationally for its authority, integrity and accuracy. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.
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