Companies are ranked according to the percentage growth of their annual revenue over a two-year period. To assess this, we ask for your 2018 and 2020 revenues. This gives us a two-year growth period, using 2018 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 2018 revenue was $3 million and 2020 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
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