These are the world's fastest-growing companies right now
Companies on the up
Want to know who the hottest stars of the corporate world are? Some are big and established, others are new and full of potential. What they all have in common, according to the Fortune Fastest Growing list, is rapid growth and a bright future. These are the hottest stars of this year as ranked by revenue and market over the past three years.
Dycom Industries
The US is undergoing a major push towards fibre-optic connectivity, which has been a major boom for Florida-based Dycom Industries. Thanks to demand for connections and a flood of people coming into the state they have seen revenues grow steadily at 20% per year.
Akorn
This pharmaceutical company specialises in producing drugs and medicines in hard-to-produce dosages such as a liquid capsule. It has a place on the Forbes Most Innovative Companies list and has enjoyed 55% revenue growth per year over the last five years.
Veeva
The cloud computing market is soaring. Having conquered the life sciences sector, Veeva Systems is branching out into other areas. The result? Rapid growth of 35% per year with every chance of producing even more over the next few years.
Dunlop & Walker
As a servicer of multi-family mortgages, Walker & Dunlop has ambitious plans for the future. Over the past three years it has seen revenue grow by 24% per year, but that’s nothing compared to its plans for the future. Revenue over the past four quarters was $640 million (£485m), but it plans to pass the $1 billion (£760m) mark by 2020.
Bear State Financial
This community finance company based in Arkansas has enjoyed rapid growth thanks to the purchase of the Metropolitan National Bank back in 2015. Since then it has seen revenues grow by 58% per year, thanks partly to innovations such as cash machines where you can also talk to an adviser.
Banc of California
After years of shake-up and scandal Banc of California is on the up. It has a new banking team and recapitalised last year. It says it hopes to be boring – and it seems to be delivering plenty of growth. Revenue increases by 40% annually over the three-year period.
NV5 Global
Compared to some of the other names on the list, this is a relative dinosaur. It’s been going for more than 70 years, but continues to grow. This engineering and consulting firm provides services to mainly public and quasi-public sector organisations. Revenue has grown by an average of 49% annually and is predicted to carry on doing good things in the future.
Heska
More signs that the pet care industry is going well. Heska produces diagnostics services for dogs and cats. It has seen total three-year return for shareholders of 112% and revenue has increased by 18% annually thanks to sales of digital imaging products.
Silicon Motion Technology
Demand for NAND Flash technology, which stores data without using any power, is going through the roof, so that’s good news if you’re one of the world’s largest NAND suppliers, which Silicon Motion Technology is. It made $571 million (£433m) in revenues over the past year and has seen it grow by 36% year on year.
AMN Healthcare
Staffing is a big issue for healthcare services around the world, which is partly why AMN Healthcare is doing so well. It has been busy buying up companies to produce a 23% year-on-year growth in revenue.
Arista Networks
Data storage company Arista Networks is beating the competition thanks to its superior technology. It is seeing revenue grow by 44% year on year and made more than $1 billion (£760m) over the last four quarters.
Amazon
Amazon continues to go from strength to strength. The purchase of the grocery chain WholeFoods looks set to make it a major player in the food delivery world, but the most eye-catching move has been into web-hosted software services. It produced more than $142 billion (£108bn) in revenue over the past four quarters and has seen revenue growth of 22% year on year.
Ellie Mae
This provider of software for the residential mortgage sector has been growing consistently over the past few years thanks to strong growth in the property market. Over the course of Fortune's three-year measurement period, it has enjoyed solid revenue growth of 43% annually.
Netease
A survivor from the dotcom boom, NetEase is a Chinese internet company which has seen revenue grow 63% year on year. The secret of its success? It provides services in advertising and games such as the mobile roleplay game Onmyoji and the release of Minecraft in China.
Facebook
The king of social media is still growing fast. It reached more than two billion users at the start of the year, acquired rivals such as Instagram and WhatsApp and made a fortune through mobile advertising. Revenue has been growing at 50% per year and it ranks in the Fortune Top 100 companies.
MiMedx
MiMedX takes recycling to a new extreme. It takes tissue from recovered placentas and grafts it onto wounds. Sales are booming and it has seen a 58% growth in revenue over the three-year period.
Abiomed
It stands to reason that the makers of the world’s smallest mechanical heart should be doing well. Its Impella heart pump has saved lives around the world and sales are booming. Revenue is growing by 36% every year.
Lending Tree
Over the course of three years, revenue at this lending broker has been growing at 44% annually. It connects borrowers with lenders who then compete for their business. Shareholders have enjoyed a whopping 47% average return each year.
Paycom Software
Payroll management software may not be sexy, but it’s big business. Just ask the people at Paycom Software. They’ve scored some big clients and introduced some major new services which has seen them enjoy a 47% annual return in revenue.
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Natural Health Trends Corporation
For two years this provider of natural health and wellbeing products has reigned supreme as it achieves rapid growth all around the world. For the last three years it has grown at an average of 73% annually. On the downside, sales have recently taken a dive in Hong Kong, something analysts will undoubtedly watch closely.