Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
US Public Companies: FY2023 revenue growth analysis
Sector-wise Analysis of 1045 company filings as of 09-Feb-2024Our dataset includes 1,045 companies with LTM revenues exceeding $50 Mn and filings up to February 9, 2024. Overall, there was a decrease in revenue growth to 2.4% (2023 over 2022), in contrast to the 13.2% growth observed in the previous year (2022 over 2021). Furthermore, 400 companies, representing 31% of the reported revenue of $13.7 Tn, experienced negative growth. The consumer cyclical sector exhibited the strongest performance with a year-on-year growth of 8.6%, while sectors such as Materials, Energy, Utilities, and Technology recorded negative growth. This dataset will be updated every Monday during the earnings season.
[Sales in $Bn]
[% refers to sales share of growth category e.g. in FY2023, 1045 companies with annual revenues of $4,219 Bn have reported negative yoy growth. This represents 31% of reported revenues of $13,737 Bn from 1045 companies]
| sector | negative yoy growth | 0-5% yoy growth | 5-10% yoy growth | 10-15% yoy growth | >15% yoy growth | all companies (yoy growth) | ||||||||||||||||||||||||
| # | sales | yoy% | % | # | sales | yoy% | % | # | sales | yoy% | % | # | sales | yoy% | % | # | sales | yoy% | % | # | sales | yoy% | % | |||||||
| FY2023 vs FY2022 | ||||||||||||||||||||||||||||||
| All Companies | 400 | 4,219.69 | -11.9% | 31% | 164 | 2,073.29 | 2.8% | 15% | 160 | 3,002.52 | 8.0% | 22% | 107 | 2,852.00 | 12.4% | 21% | 212 | 1,589.56 | 23.4% | 12% | 1045 | 13,737.06 | 2.4% | 100% | ||||||
| Consumer Cyclical | 41 | 303.27 | -7.9% | 16% | 19 | 136.08 | 1.9% | 7% | 13 | 388.86 | 8.8% | 21% | 14 | 878.78 | 11.8% | 47% | 14 | 179.21 | 37.3% | 10% | 102 | 1,886.20 | 8.6% | 100% | ||||||
| Industrials | 46 | 445.41 | -9.3% | 25% | 29 | 271.71 | 2.6% | 15% | 37 | 416.52 | 7.8% | 23% | 17 | 233.90 | 13.0% | 13% | 36 | 407.94 | 19.8% | 23% | 165 | 1,775.48 | 5.1% | 100% | ||||||
| Real Estate | 9 | 20.86 | -12.7% | 32% | 5 | 5.99 | 2.6% | 9% | 12 | 23.79 | 6.2% | 37% | 2 | 3.80 | 11.2% | 6% | 5 | 10.66 | 32.5% | 16% | 33 | 65.10 | 2.4% | 100% | ||||||
| Utilities | 7 | 56.53 | -17.2% | 46% | 2 | 33.34 | 1.1% | 27% | 0 | na | na | na | 0 | na | na | na | 4 | 33.10 | 35.4% | 27% | 13 | 122.96 | -2.2% | 100% | ||||||
| Consumer Defensive | 9 | 112.08 | -4.3% | 12% | 12 | 156.45 | 2.7% | 17% | 12 | 407.57 | 7.1% | 45% | 5 | 206.33 | 12.0% | 23% | 8 | 23.48 | 29.5% | 3% | 46 | 905.91 | 6.3% | 100% | ||||||
| Healthcare | 21 | 420.87 | -14.7% | 15% | 9 | 502.75 | 4.3% | 18% | 13 | 784.31 | 8.5% | 27% | 12 | 1,099.51 | 13.0% | 38% | 17 | 59.36 | 22.8% | 2% | 72 | 2,866.80 | 5.4% | 100% | ||||||
| Communication Services | 11 | 261.08 | -2.8% | 22% | 7 | 325.65 | 0.9% | 27% | 10 | 465.17 | 8.1% | 39% | 1 | 0.12 | 13.4% | 0% | 3 | 143.05 | 16.9% | 12% | 32 | 1,195.07 | 4.5% | 100% | ||||||
| Financial Services | 168 | 456.15 | -12.4% | 25% | 57 | 354.94 | 3.0% | 19% | 35 | 186.44 | 7.6% | 10% | 39 | 344.08 | 11.7% | 19% | 73 | 492.38 | 23.8% | 27% | 372 | 1,833.99 | 5.1% | 100% | ||||||
| Basic Materials | 24 | 289.58 | -11.7% | 77% | 7 | 71.14 | 2.6% | 19% | 3 | 12.52 | 7.3% | 3% | 0 | na | na | na | 3 | 3.36 | 17.1% | 1% | 37 | 376.60 | -8.6% | 100% | ||||||
| Technology | 51 | 783.90 | -9.2% | 51% | 16 | 213.62 | 3.1% | 14% | 23 | 314.52 | 7.3% | 21% | 15 | 57.72 | 12.0% | 4% | 41 | 159.82 | 21.9% | 10% | 147 | 1,529.57 | -1.1% | 100% | ||||||
| Energy | 13 | 1,069.97 | -16.8% | 91% | 1 | 1.62 | 1.0% | 0% | 2 | 2.83 | 9.8% | 0% | 2 | 27.77 | 13.6% | 2% | 8 | 77.19 | 19.7% | 7% | 26 | 1,179.38 | -14.5% | 100% | ||||||
| FY2022 vs FY2021 | ||||||||||||||||||||||||||||||
| All Companies | 164 | 1,416.71 | -8.7% | 11% | 141 | 2,180.05 | 2.9% | 16% | 173 | 2,559.21 | 7.9% | 19% | 176 | 2,823.48 | 12.0% | 21% | 389 | 4,435.03 | 34.7% | 33% | 1045 | 13,414.48 | 13.2% | 100% | ||||||
| Consumer Cyclical | 11 | 69.55 | -11.2% | 4% | 9 | 106.39 | 4.2% | 6% | 17 | 670.55 | 9.1% | 39% | 19 | 164.73 | 12.0% | 9% | 46 | 725.55 | 30.5% | 42% | 102 | 1,736.77 | 15.9% | 100% | ||||||
| Industrials | 14 | 200.59 | -2.7% | 12% | 16 | 384.87 | 3.2% | 23% | 34 | 260.14 | 6.9% | 15% | 30 | 307.76 | 11.9% | 18% | 71 | 536.30 | 35.8% | 32% | 165 | 1,689.65 | 13.2% | 100% | ||||||
| Real Estate | 7 | 12.36 | -16.1% | 19% | 4 | 7.69 | 3.0% | 12% | 7 | 9.77 | 8.2% | 15% | 6 | 16.59 | 11.6% | 26% | 9 | 17.17 | 27.8% | 27% | 33 | 63.59 | 6.8% | 100% | ||||||
| Utilities | 1 | 2.20 | -1.7% | 2% | 0 | na | na | na | 0 | na | na | na | 2 | 15.39 | 14.0% | 12% | 10 | 108.11 | 22.9% | 86% | 13 | 125.70 | 21.2% | 100% | ||||||
| Consumer Defensive | 7 | 46.61 | -2.2% | 5% | 12 | 201.51 | 2.9% | 24% | 7 | 149.90 | 7.1% | 18% | 7 | 75.06 | 13.2% | 9% | 13 | 379.34 | 24.3% | 45% | 46 | 852.41 | 12.9% | 100% | ||||||
| Healthcare | 13 | 147.32 | -4.8% | 5% | 13 | 481.30 | 1.5% | 18% | 11 | 78.36 | 7.3% | 3% | 15 | 1,777.75 | 11.9% | 65% | 20 | 235.71 | 22.6% | 9% | 72 | 2,720.44 | 9.6% | 100% | ||||||
| Communication Services | 7 | 350.08 | -4.7% | 31% | 6 | 325.37 | 3.5% | 28% | 6 | 345.34 | 9.3% | 30% | 7 | 28.64 | 11.4% | 3% | 6 | 94.51 | 23.1% | 8% | 32 | 1,143.95 | 4.0% | 100% | ||||||
| Financial Services | 85 | 441.52 | -13.7% | 25% | 62 | 438.18 | 3.2% | 25% | 69 | 406.72 | 6.3% | 23% | 55 | 153.35 | 12.0% | 9% | 100 | 304.46 | 32.5% | 17% | 372 | 1,744.24 | 3.5% | 100% | ||||||
| Basic Materials | 3 | 36.75 | -5.0% | 9% | 5 | 114.02 | 3.2% | 28% | 5 | 67.62 | 7.2% | 16% | 9 | 119.12 | 12.6% | 29% | 15 | 74.40 | 26.8% | 18% | 37 | 411.90 | 9.3% | 100% | ||||||
| Technology | 14 | 109.16 | -15.5% | 7% | 13 | 99.57 | 3.7% | 6% | 17 | 570.81 | 7.6% | 37% | 26 | 165.09 | 12.2% | 11% | 76 | 601.74 | 30.4% | 39% | 147 | 1,546.37 | 13.4% | 100% | ||||||
| Energy | 2 | 0.57 | -7.5% | 0% | 1 | 21.16 | 3.2% | 2% | 0 | na | na | na | 0 | na | na | na | 23 | 1,357.75 | 48.3% | 98% | 26 | 1,379.47 | 47.3% | 100% | ||||||
| Source: Company Filings | ||||||||||||||||||||||||||||||