These are the biggest companies with sales growth of more than 30% – 24/7 Wall St.

Sales growth is a very important financial metric that investors consider before making a purchase decision. By analyzing this key indicator over a period of time, investors can easily get an idea of ​​the company’s growth trend. In addition to posting a growth in activity, an increase in sales also justifies the increase in the fixed and variable expenses to operate a business. Even for stagnant businesses, sales growth is very important in attracting new investors. Let’s take a look at the top 10 companies with over 30% sales growth over the past five years.

Largest companies with sales growth over 30%

We used market capitalization Data (as of August 17, 2022) companies to rank the 10 largest companies with sales growth of over 30% over the past five years. For our list, we only considered companies with a market capitalization of more than $10 billion.

10. UberTechnologies

Founded in 2009 and based in San Francisco, it is a mobility service provider that allows users to reserve a car using a mobile application. Its shares are down almost 27% since the start of the year, but have risen more than 32% in the past three months. Uber Technologies Inc (NYSE: UBER) posted revenue of more than $17 billion in 2021, compared to more than $11 billion in 2020.

9. Modern

Founded in 2010 and based in Cambridge, Mass., this company develops transformative medicines based on messenger ribonucleic acid (mRNA). It offers prophylactic vaccines, localized regenerative therapies, cancer vaccines and more. Its shares are down nearly 38% since the start of the year, but have risen more than 10% in the past three months. Moderna Inc (NASDAQ:MRNA) posted revenue of over $18 billion in 2021, up from over $800 million in 2020.

8. Vertex Pharmaceuticals

Founded in 1989 and based in Boston, it is a biotechnology company that discovers, develops, manufactures and markets small molecule drugs to treat serious diseases. Its shares are up more than 36% year-to-date and more than 17% in the past three months. Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) reported revenue of over $7 billion in 2021, compared to over $6 billion in 2020.

7. Cigna

Founded in 1792 and based in Bloomfield, Connecticut, this company provides global healthcare services and operates through Evernorth, US Medical, International Markets, Group Disability and Other segments. Its shares are up nearly 27% year-to-date and nearly 14% in the past three months. Cigna Corp (NYSE: CI) posted revenue of more than $170 billion in 2021, compared to more than $160 billion in 2020.

6. ServiceNow

Founded in 2004 and based in Santa Clara, California, 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% since the start of the year, but have risen nearly 15% in the past three months. ServiceNow had over $5 billion in revenue in 2021, up from over $4 billion in 2020.

5. black stone

Founded in 1985 and based in New York, this company offers investment and fund management services and operates through the Private Equity, Real Estate, Hedge Fund Solutions and Credit segments. Its shares are down almost 18% since the start of the year, but have risen almost 2% in the past three months. Blackstone Inc (NYSE: BX) posted revenue of more than $12 billion in 2021, compared to more than $6 billion in 2020.

4. Advanced micro-systems

Founded in 1969 and based in Santa Clara, California, it is a semiconductor company that develops computer processors and related technologies for enterprise and consumer markets. Its shares are down almost 32% since the start of the year, but have risen almost 2% in the past three months. Advanced micro-systemsInc. (NASDAQ: AMD) reported revenue of over $16 billion in 2021, compared to over $9 billion in 2020.

3. Nvidia

Founded in 1993 and based in Santa Clara, California, this company manufactures and sells computer graphics processors, chipsets, and related software. Its shares are down almost 38% since the start of the year, but have risen more than 7% in the past three months. Nvidia Corporation (NASDAQ:NVDA) reported revenue of more than $26 billion in 2021, compared to more than $16 billion in 2020.

2. Metaplatforms

Founded in 2004 and based in Menlo Park, California, this company develops and operates social media applications. It currently has many popular apps including Facebook, Instagram, Messenger, and WhatsApp. Its shares are down more than 48% since the start of the year and nearly 9% in the past three months. Metaplatforms Inc (NASDAQ:META) reported revenue of more than $117 billion in 2021, compared to more than $85 billion in 2020.

1. You’re here

Founded in 2003 and based in Austin, Texas, this company develops and sells entirely electric vehicles, and energy generation and storage systems. Its shares are down almost 14% since the start of the year, but have risen almost 29% in the past three months. You’re here Inc (NASDAQ: TSLA) posted revenue of over $53 billion in 2021, compared to over $31 billion in 2020.

This article originally appeared on Walk of value