The Financial Times’ sixth annual ranking of the fastest-growing companies in the Americas covers a period that included the Covid-19 pandemic, lockdown and the end of rock-bottom interest rates.
Based on disclosed revenue growth between 2020 and 2023, the median revenue of the ranked companies was $20.1mn, slightly lower than the $20.5mn in the 2024 ranking.
ABA Centers, which provides applied behaviour analysis therapy for those with autism spectrum disorder, topped the ranking with a compound annual growth rate, or CAGR, of 595.3 per cent.
Next on the list were Clara, a business payments platform based in Mexico, and Cowbell Cyber, a US company that provides small and medium-sized companies with insurance and advanced warning of cyber risk.
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IT and software was the sector most represented in the list, with 22 per cent of the total, or 66 companies. Other entries were spread across a range of industries. Financial services and fintech, as well as healthcare and life sciences, each had about 10 per cent. The least represented was waste management and recycling, with only one company.
Most of the companies included were, as before, from the US — 200, or two-thirds, of the 300. Canada has 16 per cent, or 48 businesses, on the list. New York topped the list as home to the most entries followed by Toronto, Bogotá and Vancouver.
The top companies by revenue included Global Partners, at number 245 on the list, which generated more than $16bn in 2023. That was a 25 per cent CAGR in 2023 for the US energy company founded in 1933. Vertex Pharmaceuticals, a biotech based in Boston in Massachusetts, generated nearly $10bn.
Our list was compiled with Statista, a research company, and ranks businesses across the Americas by their CAGR in revenue between 2020 and 2023. The ranking is not necessarily a reflection of the size of countries’ economies but, rather, their ability to innovate and the willingness of their high-growth companies to be candid with financial information.
Readers can click in the top of the columns in the table (above) to sort by country, sector or revenue, in order to analyse the data in more detail.
Because many fast-growing companies tend to be privately held and do not publicly disclose detailed financial data, a ranking such as this can never claim to be complete. But the rigorous screening process (please refer to the methodology below) — which also requires senior executives to sign off on the figures submitted by their companies — means the ranking can offer readers a meaningful insight into the health of these private companies.
Methodology
The FT Americas’ Fastest-Growing Companies 2025 is a list of the 300 companies in the Americas that have the highest growth in publicly disclosed revenues between 2020 and 2023.
The ranking was created through a complex procedure. Although the search was 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 websites created by Statista and the FT. 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 August to December 2024. The submitted revenue figures had to be certified by the company’s chief financial officer, chief executive, or a member of the executive committee. 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 2020 (or currency value equivalent according to the average of the actual fiscal year);
• Revenue of at least $1.5mn generated in 2023 (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 2020 and 2023 that was primarily organic (in other words, “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 and 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:
The absolute growth between 2020 and 2023 was calculated as follows:
(revenue2023 / revenue2020) – 1 = Growth rate
EVALUATION AND QUALITY ASSURANCE
All information reported by the companies was processed and checked by Statista. Missing data entries (employee numbers and address data for example) 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 8.3 per cent.