Economics/Class Relations

The 100 Fastest-Growing Companies of 2022

By Alyson Shontell, Fortune

This week, Fortune unveiled its 37th annual list of the 100 Fastest-Growing Companies based on revenue, profit, and stock returns over the past three years.

A host of challenging business circumstances—from high inflation to the war in Ukraine—created a lot of movement. Only 24 companies from our 2021 ranking made this year’s top 100. That’s a 76% turnover rate, the highest Fortune has seen since we started tracking that stat in 2000.

Big tech players that previously crashed the boards, including Amazon, Netflix, and Meta fell off. Energy companies replaced them, as the end of COVID-related restrictions and a growing energy crisis in Europe drove up their revenue and share prices. The financial sector continued its multi-year reign as the most-represented sector on the list, with 25 companies ranked.

You didn’t have to be a Fortune 500 to make the cut. There are only 19 Fortune 500s on the list, including Alphabet and Nvidia. Some of the highest-ranking companies—including those in the No. 2 through 5 spots—reported having less than $1 billion in revenue over the past 12 months.

“One of the enduring lessons of this list is that it’s easier to grow at hyper-speed when you’re small,” write Matt Heimer and Scott DeCarlo, who put together this year’s list.

You can read their full breakdown of the 100 Fastest-Growing Companies here and find out which companies made our list below.

100 Fastest-Growing Companies

This year’s group delivered stellar revenue and profit growth, but collectively it underperformed the broader stock market, delivering a 31% average return to shareholders over the past three years, compared to 35% for the S&P 500.

BY FORTUNE EDITORS

OCTOBER 26, 2022

 
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