Consecutive Revenue Growth: Companies Past a Decade
By Chad Hartman
Published · Last updated
Sherwin-Williams has grown revenue in every single fiscal year since 2010 — a 16-year unbroken streak verified directly against its as-filed 10-Ks, with no year of decline anywhere in the record. "Compounder" is a word thrown around loosely enough in financial media that it has started to lose meaning; a decade or more of consecutive filed revenue growth, with no exceptions, is a fact that can actually be checked rather than a label that gets applied after the fact.
This study reads GeminIQ's as-filed universe of annual fiscal-year revenue figures, excluding financial-sector companies and periods flagged for contamination in the underlying filing data. It computes each company's current unbroken streak of consecutive fiscal years with positive year-over-year revenue growth, requiring the streak to still be active as of a fiscal year ending in 2024 or later. 160 companies currently carry a streak of at least eight consecutive years; the table below ranks the twenty longest.
The Pattern
Ten straight years without a single year of revenue decline is a much higher bar than it sounds. It runs through the 2020 pandemic shock, which knocked plenty of otherwise-strong businesses into a down year. The names that cleared it are concentrated in a specific kind of business: repeat-purchase distribution, subscription or recurring-fee services, and consumer staples with pricing power — categories where demand doesn't evaporate in a bad quarter so much as decelerate.
The Data
| Rank | Company | Ticker | Sector | Consecutive Growth Years |
|---|---|---|---|---|
| 1 | Sherwin-Williams Co | SHW | Retail-Building Materials | 16 years |
| 1 | Publix Super Markets Inc | — | Retail-Grocery Stores | 16 years |
| 1 | Paychex Inc | PAYX | Services | 16 years |
| 1 | W.W. Grainger, Inc. | GWW | Wholesale-Durable Goods | 16 years |
| 1 | Verisign Inc | VRSN | Services-Software | 16 years |
| 1 | Netflix Inc | NFLX | Services | 16 years |
| 1 | Fastenal Co | FAST | Retail-Building Materials | 16 years |
| 8 | Church & Dwight Co Inc | CHD | Consumer Products | 15 years |
| 8 | Synopsys Inc | SNPS | Services-Software | 15 years |
| 8 | AutoZone Inc | AZO | Retail-Auto Parts | 15 years |
| 8 | Tractor Supply Co | TSCO | Retail-Building Materials | 15 years |
| 8 | Eagle Materials Inc | EXP | Cement, Hydraulic | 15 years |
| 8 | Monster Beverage Corp | MNST | Beverages | 15 years |
| 8 | Universal Health Services Inc | UHS | Services-Hospitals | 15 years |
| 8 | McCormick & Co Inc | MKC | Food Preparations | 15 years |
| 8 | Simpson Manufacturing Co Inc | SSD | Manufacturing | 15 years |
| 8 | Accenture plc | ACN | Services | 15 years |
| 8 | Costco Wholesale Corp | COST | Retail-Variety Stores | 15 years |
| 8 | O'Reilly Automotive Inc | ORLY | Retail-Auto Parts | 15 years |
| 20 | FactSet Research Systems Inc | FDS | Services-Data Processing | 14 years |
The Names Investors Would Guess, and the Ones They Wouldn't
Netflix at sixteen straight years fits the narrative most investors already have in their heads. Fastenal and W.W. Grainger — an industrial fastener distributor and a maintenance-and-repair supply wholesaler — almost certainly don't, and both matched Netflix's streak exactly. Neither company depends on a single hit product or a subscriber growth story; both simply sell unglamorous, repeat-purchase industrial supplies to a customer base that keeps buying regardless of the broader news cycle, and the filings show that model surviving 2020 and every other year in the record without a single down year.
The Method
The streak is computed from GeminIQ's as-filed annual revenue figures, requiring positive year-over-year growth in every consecutive fiscal year with no gap in the filing record. Financial-sector companies and any fiscal year flagged for data contamination in the underlying extract are excluded. A streak counts only if it remains active through a fiscal year ending in 2024 or later, so a company that broke its streak recently does not still appear as a current compounder. Full methodology is covered in How GeminIQ Builds Filing Data Studies.
Check Your Holdings
Pull up any position's annual revenue history on GeminIQ and count the consecutive years without a decline for yourself — "consistent grower" is a claim a company's own marketing can make regardless of whether the filings back it up, and the filed annual revenue line is the only way to check it directly rather than taking the claim on faith.
Frequently Asked Questions
Which companies have grown revenue every year for a decade or more?
In GeminIQ's data, seven companies currently share the longest active streak at 16 consecutive years: Sherwin-Williams, Publix Super Markets, Paychex, W.W. Grainger, Verisign, Netflix, and Fastenal.
What kind of companies tend to sustain the longest revenue growth streaks?
Repeat-purchase distribution, subscription or recurring-fee services, and consumer staples with pricing power dominate the list — categories where demand tends to decelerate in a weak period rather than reverse outright.
Does 2020 break most long revenue growth streaks?
Not for the companies on this list — every streak counted here runs through the 2020 pandemic shock, which is part of what makes an 8-plus-year unbroken streak a meaningfully higher bar than it first sounds.
How many companies currently have an 8-plus year growth streak?
160 companies in GeminIQ's data currently carry an active streak of at least eight consecutive fiscal years of positive revenue growth.
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All figures are drawn from each company's as-filed 10-K filings, publicly available on SEC EDGAR. The consecutive-growth-year ranking is computed from GeminIQ's as-filed annual revenue data across the described universe and snapshot window.
Disclaimer: The content in this blog is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. Investing involves risk, including the loss of principal. The views expressed are my own and not intended as financial advice or a guarantee of future performance.