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Revenue Growth

Revenue Growth = (This Year − Last Year) ÷ Last Year

Revenue growth tells you how fast sales are rising compared with last year. A bigger business is not always a better one, but speed on the top line is where many stories start.

01 Feel it first

Last year vs this year

Last year is fixed at $100M. Slide this year's sales and watch the year-over-year growth percentage update live.

Revenue growth
+20%
($120 − $100) ÷ $100

02 Break the intuition

Bigger sales always mean a better business

Fast top-line growth can still leave thin margins and weak cash. Reveal what collapsed underneath.

SALES
+25%
revenue growth
StoryWinning?
Looks great
QUALITY
2%
net margin · FCF −
UnderneathLeaking
Warning
Sales grew 25% to $125M, but net margin fell to 2% and free cash flow turned negative. Growth bought customers at a loss. Bigger revenue can still be a worse business.

03 Race it

Same starting line, different speed

Company A and Company B both started at $100M of sales last year. Hit Race to compare their growth rates side by side.

Hit Race to compare the lanes side by side.

04 Watch the path

Fast vs slow compounding

Pick a path and press Play. Watch how 20% vs 4% annual growth compounds sales over ten years.

Pick a path
Press play
100

Illustrative 10-year sales paths from a $100M base.

Pick a path, then press Play to watch the years fill in.

05 Two flavors

One year vs many years

YoY growth is one lap. CAGR (compound annual growth rate) smooths many years into one average speed.

Compares this year to last year only: (new − old) ÷ old. Simple and timely, but one hot quarter or one bad quarter can swing the number hard.

06 The catch

Normal growth depends on the industry

A utility at 3% and a software firm at 25% can both be healthy for their peer group.

Software
~20%+
Consumer
~8%
Industrials
~5%
Utilities
~3%

Illustrative revenue growth bands by sector.

07 Check yourself

Five quick checks

Question 1 of 5
Quick checkSales rise from $100 to $120. Revenue growth is:
20% is right. Growth = (120 − 100) ÷ 100 = 20%.

08 Where it breaks

When revenue growth misleads

Growth can be bought with discounts

Cutting prices or running promotions can inflate sales while destroying margin. The top line looks fast; the business gets weaker.

Acquisitions can fake organic speed

Buying another company adds revenue instantly. Strip out deals to see if the core business is actually growing.

One easy comparison can lie

A weak prior year makes this year look heroic. Always look at several years, not one lucky lap.

Fast growth can outrun cash

Inventory and receivables can swell with sales while cash lags. Pair growth with margins and operating cash flow.

See revenue growth on a live stock.

Open any ticker for sales growth history beside margins and cash, then screen peers by how fast the top line is moving.