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FT ranking: The Americas’ Fastest-Growing Companies 2022

A medtech business leads the field of 500 companies, knocking a fintech lender off the top spot

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This table has been amended since publication to reflect new information

Methodology

The FT Americas’ Fastest-Growing Companies 2022 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2017 and 2020. The ranking was created through a complex procedure. 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 advertised online and in print, allowing all eligible companies to register via the websites created by Statista and the Financial Times. In addition, through research in company databases and other public sources, Statista identified tens of thousands of companies in the Americas as potential candidates for the FT ranking. These companies were invited to participate in the competition by post, email and telephone.
The application phase ran from October 2021 to January 2022. The submitted revenue figures had to be certified by the chief financial officer, chief executive, or a member of the executive committee of the company. Companies with three or fewer employees, or companies that are not a legal entity, were subject to additional checks to verify their revenue numbers.

Criteria for Inclusion in the List

To be included in the list of the Americas’ fastest-growing companies, a company had to meet the following criteria:

• Revenue of at least $100,000 generated in 2017 (or currency value equivalent according to the average of the actual fiscal year).
• Revenue of at least $1.5mn generated in 2020 (or currency value equivalent according to the average of the actual fiscal year).
• An independent entity (not a subsidiary or branch office of any kind).
• Revenue growth between 2017 and 2020 that was primarily organic (i.e., "internally" stimulated).
• Headquartered in one of 20 American countries. Companies from these countries were eligible to participate: Argentina, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, the US, Uruguay, Venezuela.

Calculation of Growth Rates

The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency. For better comparability in the ranking, the revenue figures were converted into US dollars. The average exchange rate for the financial year indicated by the company was used for this purpose.

• The compound annual growth rate (CAGR) was calculated as follows:
• ((revenue2020 / revenue2017)^(1/3)) — 1 = CAGR
• The absolute growth between 2017 and 2020 was calculated as follows:
• (revenue2020 / revenue2017) — 1 = Growth rate
• EVALUATION AND QUALITY ASSURANCE

All information reported 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 fulfil 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 noted for their remarkable growth. Financial information was collected via 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 per cent.