The Philippines' Growth Champions 2024
In partnership with the Philippine Daily Inquirer, Statista identified The Philippines’ fastest-growing companies. The list ranks the 30 Filipino companies with the strongest revenue growth between 2019 and 2022.
- Clear and detailed methodology
- Segmented by states and industry
Who are
The Philippines' Growth Champions 2024
project registration
Companies that are interested in participating in next year’s ranking can register below to be notified when applications open.
Winners portal
Claim your award
Every winner gets contacted by our team directly with our prestigious awards. Not sure if you already got our reward? Contact us
The Project
About the project
The Philippines’ Growth Champions 2024 is a list of the Top 30 companies based in the Philippines that have achieved the highest growth rate in revenues between 2019 and 2022. The annual high-profile list compiled by Statista and the Philippine Daily Inquirer is a visible and public acknowledgement of fast-growing companies in the Philippines, which is published online and as a supplement within the print version of Philippine Daily Inquirer.
115.88%
Highest CAGR
7.04%
Minimum CAGR to be included
30
Companies awarded
calculation of growth rates
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 Philippine Daily Inquirer. In addition, through research in company databases and other public sources Statista has identified more than two thousand companies in the Philippines as potential candidates for the ranking. These companies were invited to participate in the competition by email, LinkedIn and telephone.
The application phase ran from 7 August 2023 to 31 October 2023. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.
Criteria
- Headquarters in the Philippines
- Revenues of at least ₱5,000,000 generated in 2019
- Revenues of at least ₱30,000,000 generated in 2022
- Primarily organic revenue growth between 2019 and 2022 (i.e., “internally” stimulated)
- Independence (The company acts largely independently in its business decisions and does not derive financial benefits from its parent company)
Evaluation
The list ranks entrants from the Philippines 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.
A detailed report on our methodology is available here.
Partnership
Our reliable partner
For more than 30 years, the Inquirer has been at the forefront of setting the agenda by chronicling everyday events with much ardour and enthusiasm. These same virtues propelled the Inquirer to greater heights and elevated discussions on pressing issues in the society to a whole new level. With an end in mind to spark change in the society, it ask questions nobody else would ask, which leads to call for action. Through this, Inquirer aims to inspire every Filipino people to become its own leader.
contact us
Get in touch with us. We are happy to help.
Whether you have questions about your rank, our projects, or why you’re not on the list. Contact us.
