Evolución Web, a web developing and marketing company in Mexico, was the country's fastest growing business between 2019 and 2022, displaying a compound annual growth rate (CAGR) of 57 percent. The web-tech company Convertia ranked second in that period, with a CAGR of 36 percent.
Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth
* 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 $1.5m 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.
Additional information about the methodology can be found in the last section of the article.
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Financial Times. (April 4, 2024). Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/
Financial Times. "Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth." Chart. April 4, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/
Financial Times. (2024). Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/
Financial Times. "Fastest Growing Companies in Mexico between 2019 and 2022, Based on Compound Annual Revenue Growth." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/
Financial Times, Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth Statista, https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/ (last visited November 18, 2024)
Fastest growing companies in Mexico between 2019 and 2022, based on compound annual revenue growth [Graph], Financial Times, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1113003/fastest-growing-companies-mexico/
