The 30 Fastest-Growing Companies by Revenue (2020–2024)
A data study of compound annual revenue growth across 129 major companies from fiscal 2020 to 2024.
The Fastest-Growing Major Companies by Revenue, 2020–2024
Which large companies actually grew the fastest over the last business cycle? To answer it without cherry-picking, we measured compound annual revenue growth (CAGR) across CorpDigest's dataset of 408 companies. Of those, 129 had complete annual revenue figures for every year from fiscal 2020 through fiscal 2024 — the set analysed below. The 30 fastest-growing are ranked by the annualized rate at which their revenue compounded over that four-year window.
How We Measured Growth
For each company we took reported annual revenue for fiscal 2020 and fiscal 2024 and calculated the compound annual growth rate: CAGR = (FY2024 revenue / FY2020 revenue) ^ (1/4) − 1. Revenue figures are drawn from company filings as compiled on CorpDigest. A four-year CAGR smooths out single-year spikes and shows the sustained rate of growth.
One honest caveat: companies whose fiscal 2020 revenue was crushed by the pandemic — airlines and hotels in particular — show very high CAGRs because they are measured from a depressed base, not because of organic expansion. Those are flagged as cyclical rebound in the table so the ranking is not misread.
The 30 Fastest-Growing Companies
| # | Company | Revenue CAGR (FY2020–FY2024) | FY2020 | FY2024 |
|---|---|---|---|---|
| 1 | Zoom | 63.9%/yr | $0.6B | $4.5B |
| 2 | SpaceX | 60.0%/yr | $2.0B | $13.1B |
| 3 | Coinbase | 56.5%/yr | $1.1B | $6.6B |
| 4 | NVIDIA | 53.7%/yr | $10.9B | $60.9B |
| 5 | BYD | 47.5%/yr | $22.6B | $107.0B |
| 6 | Uber | 41.1%/yr | $11.1B | $44.0B |
| 7 | United Airlines (cyclical rebound) | 38.8%/yr | $15.4B | $57.1B |
| 8 | DoorDash | 38.6%/yr | $2.9B | $10.7B |
| 9 | NIO | 37.5%/yr | $2.6B | $9.3B |
| 10 | Delta Airlines (cyclical rebound) | 37.4%/yr | $17.1B | $61.0B |
| 11 | Airbnb (cyclical rebound) | 34.4%/yr | $3.4B | $11.1B |
| 12 | American Airlines (cyclical rebound) | 33.0%/yr | $17.3B | $54.2B |
| 13 | Tesla | 32.7%/yr | $31.5B | $97.7B |
| 14 | Shopify | 32.4%/yr | $2.9B | $8.9B |
| 15 | HubSpot | 31.0%/yr | $0.9B | $2.6B |
| 16 | Southwest Airlines (cyclical rebound) | 30.5%/yr | $9.0B | $26.1B |
| 17 | Datadog | 29.4%/yr | $1.0B | $2.8B |
| 18 | Palantir | 27.4%/yr | $1.1B | $2.9B |
| 19 | AMD | 27.4%/yr | $9.8B | $25.8B |
| 20 | Hilton (cyclical rebound) | 27.0%/yr | $4.3B | $11.2B |
| 21 | HDFC Bank | 25.7%/yr | $8.9B | $22.2B |
| 22 | Lyft | 24.7%/yr | $2.4B | $5.8B |
| 23 | Block | 23.8%/yr | $9.5B | $22.3B |
| 24 | Marriott (cyclical rebound) | 22.7%/yr | $10.6B | $24.0B |
| 25 | ExxonMobil | 21.9%/yr | $178.6B | $394.0B |
| 26 | Snap | 21.2%/yr | $2.5B | $5.4B |
| 27 | Broadcom | 21.2%/yr | $23.9B | $51.6B |
| 28 | Salesforce | 19.5%/yr | $17.1B | $34.9B |
| 29 | Chevron | 19.5%/yr | $94.7B | $193.0B |
| 30 | ASML | 19.1%/yr | $15.1B | $30.4B |
Every company links to its full year-by-year revenue history on CorpDigest.
What the Data Shows
Strip out the cyclical rebounds and the genuine growth leaders cluster around two themes. The first is artificial intelligence and semiconductors: Zoom, SpaceX, AMD, Broadcom, ASML and Palantir all rode surging demand for AI compute. NVIDIA alone compounded revenue at 54% a year, expanding from $10.9B to $60.9B in four years.
The second is the platform and digital-services wave that accelerated through 2020–2022: Zoom, Coinbase, Shopify, DoorDash and Uber. Energy majors such as ExxonMobil and Chevron also appear, lifted by the 2021–2022 commodity-price spike rather than volume growth.
How to Use This Ranking
This table is best used as a starting point, not a final verdict on business quality. Revenue CAGR measures how fast the top line expanded, but it does not show whether that growth was profitable, diluted by acquisitions, or helped by a temporary rebound from unusually weak 2020 conditions. A company can rank highly because it found a durable new market, because a cyclical industry recovered, or because inflation lifted reported sales without improving unit economics.
For that reason, the next layer of analysis should compare revenue growth with operating margin, cash flow, share dilution, and segment mix. NVIDIA and AMD, for example, represent technology demand and AI infrastructure growth. Airlines and hotels show recovery from a depressed pandemic base. Energy companies reflect commodity-price cycles as much as operating execution. The ranking is most useful when it points you toward the company profile and financial history behind the number.
Companies with incomplete year-by-year figures were excluded from the CAGR table rather than estimated into the ranking. That keeps the comparison consistent across the full 2020 to 2024 window and avoids overstating growth for companies with missing pandemic-year baselines or partial-year disclosure.
Related Reading
For more rankings and company data, see CorpDigest's fastest-growing companies list, the largest companies by revenue, and individual revenue histories like NVIDIA, Tesla, and Amazon.
Disclaimer:Financial figures cited in this article are approximate and sourced from publicly available reports. Always verify against the company's current SEC filings (10-K, 10-Q) or earnings releases before using in investment or business analysis.