Companies are ranked according to the percentage growth of their annual revenue over a two-year period. To assess this, we ask for your 2021 and 2023 revenues. This gives us a two-year growth period, using 2021 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 2021 revenue was $3 million and 2023 revenue was $15 million:
$15 million – $3 million = $12 million
12,000,000 / 3,000,000 = 4
4 x 100 = 400
The growth rate is 400 percent
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