Companies are ranked according to the percentage growth of their annual revenue over a three-year period. To assess this, we ask for your 2014 and 2017 revenues. This gives us a three-year growth period, using 2014 as a base year for growth.
The equation for growth percentage is:
[(Recent Yearly revenue - Base Year revenue) / Base Year revenue] x 100 = total growth percentage
For example, if 2014 revenue was $3 million and 2017 revenue is $15 million:
$15 million - $3 million = $12 million
12,000,000 / 3,000,000 = 4
4 x 100 = 400
Growth rate is 400 percent