FT ranking: The Americas’ Fastest-Growing Companies 2022

The third annual FT ranking of America’s Fastest Growing Companies captures the resilience of companies as they adapt to the first onslaught of the Covid pandemic in 2020.

Since that initial response, business leaders across the region have vowed, “better rebuild’ – with increased digitization across multiple sectors and faster improvements in green energy generation and infrastructure.

The technology sector saw rapid growth as the coronavirus crisis deepened and more people began working, shopping and communicating through digital channels. Some companies have since slowed growth when lockdowns were lifted.

As in last year’s rankingTechnology — led by North American companies — makes up almost 28 percent of the total list, followed by financial services (7 percent) and healthcare (6.4 percent).

Compiled with Statista, a research firm, the FT List ranks participants across America according to their compound annual growth rate (CAGR) in revenue from 2017 to 2020.

The ranking does not necessarily reflect the size of countries’ economies, but rather their ability to innovate and the willingness of their high-growth companies to disclose financial information. Around 90 percent of the companies on the list are from the United States and Canada, compared to 5 percent from Brazil.

With health taking center stage in recent years, it stands to reason that the fastest-growing company in this latest ranking is a medical technology company (although it has nothing to do with treating Covid-19). Based in California, Axionics specializes in products for patients with bladder and bowel disorders. With a CAGR of 855 percent for 2017-20, it beats last year’s winner, the US lending platform Update, from the top spot.

Axionics, Human Bees, a recruitment agency, and Coherus BioSciences, which develops therapeutics for oncology and inflammatory diseases, follow in second and third place.

Readers can use the arrow buttons at the top of the columns in the table below to sort by country, industry, or revenue to analyze the data in more detail. For example, if you switch from sorting by CAGR to sorting by total sales 2020, names like Amazon, Tesla, Netflix, and Wayfair all rise to the top. These companies belong to a total of 81 of the total of 500 listed companies.

Since many fast-growing companies tend to be privately held and do not make detailed financial data public, such a ranking can never claim to be complete. But the rigorous screening process (see methodology below table), which also requires executives to sign off on numbers submitted by their companies, means the ranking can provide readers with a powerful insight into the health of these private companies.

Scroll below the interactive table for the full methodology.

*Companies marked with an asterisk had less than 12 months of revenue in fiscal 2017 but still had revenue of over $100,000. **Companies marked with a double asterisk have been acquired since the end of the relevant period.


The FT Americas’ Fastest-Growing Companies 2022 is a list of the 500 companies in America with the highest growth in publicly reported revenue between 2017 and 2020.

The ranking was created in a complex process. 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.

The project was promoted online and in print, allowing all eligible companies to register through the websites created by Statista and the Financial Times. Additionally, by researching company databases and other public sources, Statista identified tens of thousands of companies in America as potential candidates for the FT Ranking. These companies were invited to participate in the competition by post, email and telephone.

The application period ran from October 2021 to January 2022. The sales figures submitted had to be certified by the CFO, CEO or a member of the company’s board of directors. Companies with three or fewer employees or companies that are not legal entities have been subjected to additional checks to verify their turnover figures.


To be included in the list of America’s Fastest Growing Companies, a company had to meet the following criteria:

• 2017 revenue of at least US$100,000 (or currency equivalent based on average for current fiscal year).

• Revenues of at least US$1.5 million generated in 2020 (or the equivalent in a currency based on the average for the current fiscal year).

• An independent company (not a subsidiary or branch of any kind).

• Sales growth between 2017 and 2020 that was mainly organic (ie “internally” stimulated).

• Headquarters in one of 20 American countries. Companies from these countries were eligible to participate: Argentina, Belize, Bolivia, Brazil, Canada, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, USA, Uruguay, Venezuela.


The calculation of company growth rates is based on the sales figures reported by the company in the respective national currency. For better comparability in the ranking, the sales figures were converted into US dollars. The average exchange rate for the financial year specified by the company was used.

The compound annual growth rate (CAGR) was calculated as follows:

((Sales2020 / Sales2017)^(1/3)) — 1 = CAGR

The absolute growth between 2017 and 2020 was calculated as follows:

(sales2020 / sales2017) — 1 = growth rate


All information provided 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 meet the criteria for inclusion in the ranking were deleted.

In addition to the companies that responded to invitations to participate, Statista included some well-known companies that are known for their remarkable growth. Financial information was collected through desk research using official sources such as publicly available earnings presentations, investor relations websites and annual reports.

The minimum CAGR required to be included in the ranking this year was 9.7 percent.

FT ranking: The Americas’ Fastest-Growing Companies 2022 Source link FT ranking: The Americas’ Fastest-Growing Companies 2022

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