Top 10 companies achieving stable growth

By Xu Lin
0 Comment(s)Print E-mail, March 9, 2012
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Steady, predictable growth is what every large company strives for. However, how many companies with a market capitalization of at least US$1 billion achieved steady and predictable growth over a ten year period? Harvard Business Review has recently published research findings of Rita Gunther McGrath, associate professor of management at the Columbia University Graduate School of Business, and her fellows, on corporate growth. Only 10 companies in the world have over five percent of annual growth over a ten year period ending in 2009. China's Tsingtao Brewery made the list at #6.

The research group decided to choose a 10-year period of 2000-2009, which unavoidably included unexpected events in the economy and the environment that is likely to cause some losses, but no "normal" period in which to assess company performance seems to exist, McGrathe explained.

The five percent threshold was selected because the global annual GDP growth averaged about 6 percent during that period. Surprisingly, only 10 of the 2,347 companies that qualified across that entire period grew their net incomes by five percent continuously during the 10-year period, and only five percent of companies surveyed grew both revenue and net income by five percent or more every year.

In wildly different industries, including pharmaceuticals, beer, construction, and banking, they are all outperformed their competitors. The results suggest that in any case, steady, consistent growth in any industry is difficult to achieve.

The 10 companies with over five percent of annual growth from 1999-2009 are listed below, in order of their market capitalization:

 Atmos Energy


Atmos Energy, one of the 'top 10 companies achieving stable growth' by

Atmos Energy

Industry: Natural gas distribution and marketing

Headquarters: U.S.

Founded: 1906

Market Cap: US$2.6 billion

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