“The 100 Best Small Companies in America. For the first time, 24/7 Wall St. presents the 100 Best Small Companies in America. To be considered, companies had to be publicly traded with more than $5 million and less than $1 billion in revenue. 24/7 Wall St.’s inaugural 100 Best Small Companies in America is comprised of America’s best publicly traded companies marked by outsized revenue, growth and innovation.
The initial list based on the universe of public corporations with less than $1 billion in revenue.
These companies are among the best for their size because they have increased revenue over the period covered by our analysis. Their relatively small sizes and robust sales expansion rates also makes it likely many will continue to grow even further, if the record of public company expansion is any example. Past growth does not mean all of these firms will prosper, but most on this list have been consistently profitable, which adds to the chances of future progress.
Small companies, our research shows, usually have one or two specialized divisions and are focused on one core market. For instance, Steve Madden, True Religion and rue 21 have all carved out a niche segment in the apparel and footwear market. Their lack of diversity could be a drawback because the companies rely completely on one set of products, but it can also mean that management can be laser focused on a single opportunity.
Another industry which is well represented on this list is niche healthcare. Once again, most of the firms in this sector which made the list are in only one business. Mesa Labs makes manufacturing quality control products for medical devices. It is a narrow market, and there is no guarantee that a large device manufacturer might not attack the same sector. Bio-Reference Laboratories provides testing services. Cantel Medical provides infection prevention and control devices. This infection prevention business appears to be a relatively small one, but the overall medical industry in the US is expanding at such a rapid rate and regulations are changing so quickly that some of these companies will prosper because of these changes. Given the state of American healthcare costs, not many people would be surprised to see healthcare firms on a list of fast growing companies
These corporations are also often willing to take calculated risks, in some case, as they strive to expand their bases. Retailers are a good example. Steve Madden, one of our companies, was started in 1990 with $1,100. The company has consistently added lines of apparel since then to increase revenue…”
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