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Sales growth is a very important financial metric that investors consider before making a purchase decision. By analyzing this key metric over a period of time, investors can easily get an idea of the company’s growth trend. Along with showing business growth, the increase in sales also justifies the increase in fixed and variable costs of running a business. Even for stagnant companies, achieving sales growth is crucial to attracting new investors. Let’s take a look at the 10 largest companies with more than 30% sales growth over the past five years.
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Table of contents out
- 1. Largest Companies With Over 30% Sales Growth
- 1.1. Uber Technologies
- 1.2. Modern
- 1.3. Vertex Pharmaceuticals
- 1.4. Cigna
- 1.5. Service Today
- 1.6. Black stone
- 1.7. Advanced Micro Devices
- 1.8. NVIDIA
- 1.9. Meta Platforms
- 1.10. Tesla
Largest Company With Over 30% Sales Growth
We used the companies’ market capitalization data (as of August 17, 2022) to rank the 10 largest companies with over 30% sales growth over the past five years. For our list, we only considered companies with a market capitalization of more than $10 billion.
Founded in 2009 and headquartered in San Francisco, it is a mobility service provider that allows users to book a car using a mobile app. Its shares are down nearly 27% year to date but are up more than 32% in the last three months. Uber Technologies Inc (NYSE:UBER) reported revenue of more than $17 billion in 2021, up from more than $11 billion in 2020.
Founded in 2010 and headquartered in Cambridge, Mass., this company develops transformative medicines based on messenger ribonucleic acid (mRNA). It offers prophylactic vaccines, localized regenerative therapeutics, cancer vaccines and more. Its shares are down nearly 38% year to date but are up more than 10% in the last three months. Moderna Inc (NASDAQ:MRNA) reported revenue of more than $18 billion in 2021, up from more than $800 million in 2020.
Founded in 1989 and headquartered in Boston, it is a biotechnology company that discovers, develops, manufactures and commercializes small molecule drugs to treat serious diseases. Its shares are up more than 36% year to date and more than 17% in the last three months. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) reported revenue of more than $7 billion in 2021, up from more than $6 billion in 2020.
Founded in 1792 and headquartered in Bloomfield, Conn., this company offers global health services, and operates through the Evernorth, US Medical, International Markets, and Group Disability and Other segments. Its shares are up nearly 27% year to date and are up nearly 14% in the last three months. Cigna Corp (NYSE:CI) reported revenue of more than $170 billion in 2021, up from more than $160 billion in 2020.
Founded in 2004 and headquartered in Santa Clara, Calif., this company offers enterprise cloud computing solutions. ServiceNow Inc (NYSE:NOW) focuses on Information Technology, Employee and Customer workflows. Its shares are down nearly 25% year to date but are up nearly 15% in the last three months. ServiceNow reported revenue of more than $5 billion in 2021, up from more than $4 billion in 2020.
Founded in 1985 and headquartered in New York City, this company offers investment and fund management services, and operates through Private Equity, Real Estate, Hedge Fund Solutions and Credit segments. Its shares are down nearly 18% year to date but are up nearly 2% in the last three months. Blackstone Inc (NYSE:BX) reported revenue of more than $12 billion in 2021, up from more than $6 billion in 2020.
Founded in 1969 and headquartered in Santa Clara, Calif., it is a semiconductor company that develops computer processors, as well as related technologies for the business and consumer markets. Its shares are down nearly 32% year to date but are up nearly 2% in the last three months. Advanced Micro Devices, Inc. (NASDAQ:AMD) reported revenue of more than $16 billion in 2021, up from more than $9 billion in 2020.
Founded in 1993 and headquartered in Santa Clara, Calif., this company manufactures and sells computer graphics processors, chipsets, and related software. Its shares are down nearly 38% year to date but are up more than 7% in the last three months. NVIDIA Corporation (NASDAQ:NVDA) reported revenue of more than $26 billion in 2021, up from more than $16 billion in 2020.
Founded in 2004 and headquartered in Menlo Park, Calif., this company develops and operates social media applications. It currently owns many popular apps, including Facebook, Instagram, Messenger and WhatsApp. Its shares are down more than 48% year to date and are down nearly 9% in the last three months. Meta Platforms Inc (NASDAQ:META) reported revenue of more than $117 billion in 2021, up from more than $85 billion in 2020.
Founded in 2003 and headquartered in Austin, Texas, this company develops and sells fully electric vehicles, and energy generation and storage systems. Its shares are down nearly 14% year to date but are up nearly 29% in the last three months. Tesla Inc (NASDAQ:TSLA) reported revenue of more than $53 billion in 2021, up from more than $31 billion in 2020.
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