A new study of the world’s 500 largest publicly traded companies in the world show that only a small fraction – roughly 23 or less than 5 percent – show consistent, organic growth in sales, a study by U.S. executive search firm Heidrick & Struggles concluded.
Those authentically fast-growing companies include well-known U.S. tech firms such as Apple and Google’s Alphabet, but also Chinese insurer Ping An, U.S. pharmaceutical maker Gilead Sciences, India’s Tata Consultancy Services and Taiwanese chip maker TSMC. Some of the firms have been or are clients of Heidrick & Struggles, which is headquartered in Chicago and listed on the Nasdaq Stock Exchange.
The results showed that all but one of the companies came from the United States or Asia. The lone European company to make the list was London-listed and Dublin-headquartered biotech and drugs maker Shire. Although U.S. companies make up 39 percent, or 197 of the 500 most-valued companies according to a Financial Times ranking, they make up 16, or 70 percent, of the list of 23.