Which are the Fastest Growing S&P 500 Companies in America? Many attribute a different factor for a company’s fast growth. It’s more clear when we are dealing with publicly traded companies. Public companies are required to hand in their report for each quarter regarding their business operations while the private companies are not. They do not have to disclose their financial details and if the net worth is dependant on its growth. From hedge fund managers to retail stockholders, they depict the company’s health regarding its capability to bring in more money. This pressure to earn more by the passing year is usually found in big companies which belong in S&P 500. The stock market index has the shares of 500 companies which are traded on the American stock exchanges that have large market capitals. The companies included as part of S&P 500 changes frequently because of mergers, changes in the evaluation of a company, and many other factors.
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We define growth for this article as how much a company in the S&P 500 in the last three fiscal years was able to increase their revenue. A few others are of the opinion that market capitalization is quite a good measure as well. As we want to make sure a company is really growing, we have used revenue growth as they are both relevant and reliable. This list is based on the S&P 500 data available at the end of the first quarter.
Centene Corp, Facebook Inc, and Qorvo Inc are among the Fastest Growing S&P 500 Companies in America. Centene Corp’s revenue for the fiscal year 2016 was $37.69 billion. Their growth from the fiscal year 2013 was 257.44% while their growth from the fiscal year 2015 is 77.01%. Health Net was bought by Centene in March 2016 for $6.9 billion. That’s not as big a deal as others on the list. Facebook’s revenue for the fiscal year 2016 is $27.64 billion. Their growth from the fiscal year 2013 was 251.09% while their growth from the fiscal year 2015 is 54.16%. Though Facebook bought Oculus for $2.2 billion in July 2014 and WhatsApp for $19.7 billion in October 2014, these have not been generating income so far. Qorvo’s revenue for the fiscal year 2016 is $2.61 billion. They reported a growth of 52.58% from the fiscal year 2015 and a growth of 170.79% from the fiscal year 2013. Qorvo was initially called RF Micro Devices Inc. They bought TriQuint Semiconductor Inc. in 2015 for $1.5 billion.