8 Profitable Companies Poised to Triple Their Revenue by 2030

Growth is the main driver for stock long-term performance

As illustrated by this chart from BCG Analysis and Morgan Stanley Research, while many factors can influence performance, growth remains the primary driver of long-term returns.

Profitable companies have the advantage of having already proven their business models. In this article, we will highlight profitable companies that are positioned to potentially triple their revenue by 2030, based on 2023 figures.

If you are aware of other fast-growing stocks with strong business models and sustainable growth prospects, please share them in the comments!

Please note that many of the stocks mentioned in this article are trading at high valuations. Therefore, it may be wise to optimize entry points, consider adding to positions strategically, or wait for significant market corrections before investing.

1. ServiceNow

ServiceNow is a cloud-based platform that automates enterprise workflows to improve business operations and IT service management. If you are interested in the company, you can find my deep dive here.

• Country: USA

• Market cap: $170B

• 2023 revenue: $10,916M

• 2024 growth: 21.7% / 2025 growth: 20.6%

• Net profit margin: 12.4%

• PE: 130x / FCF yield: 2.06%

• ROIC: 17.6%

2. Adyen

A global payment platform providing seamless transactions across online, mobile, and in-store channels.

• Country: Netherlands

• Market cap: €39B

• 2023 revenue: €1,626M

• 2024 growth: 22.4% / 2025 growth: 23.8%

• Net profit margin: 45.3%

• PE: 43.9x / FCF yield: 2.73%

• ROIC: 17.3%

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3. On Holding

A global payment platform providing seamless transactions across online, mobile, and in-store channels.

• Country: Switzerland

• Market cap: 11.9B CHF

• 2023 revenue: 2,281M CHF

• 2024 growth: 27.3% / 2025 growth: 26.6%

• Net profit margin: 9.6%

• PE: 54.4x / FCF yield: 2.03%

• ROIC: 10.9%

4. MercadoLibre

MercadoLibre is Latin America’s largest e-commerce and fintech company, offering online marketplaces and payment systems.

• Country: Argentina

• Market cap: $100B

• 2023 revenue: $20,480M

• 2024 growth: 41.5% / 2025 growth: 20.4%

• Net profit margin: 9.0%

• PE: 54.6x / FCF yield: 2.08%

• ROIC: 13.5%

5. WiseTech

A software company specializing in logistics solutions, particularly its flagship platform, CargoWise, for supply chain management

• Country: Australia

• Market cap: AU$40B

• 2023 revenue: AU$1,334M

• 2024 growth: 28.0% / 2025 growth: 25.7%

• Net profit margin: 29.8%

• PE: 104x / FCF yield: 0.68%

• ROIC: 12.2%

6. Nu Holdings

The parent company of Nubank, a leading digital bank in Latin America offering financial services with a focus on customer-centric technology.

• Country: Brazil

• Market cap: $65B

• 2023 revenue: $11,379M

• 2024 growth: 41.7% / 2025 growth: 28.4%

• Net profit margin: 16.8%

• PE: 34.5x / FCF yield: -%

• ROIC: -%

7. AppLovin

AppLovin is a mobile technology company that provides app developers with software solutions for user acquisition, monetization, and analytics.

• Country: USA

• Market cap: $37B

• 2023 revenue: $3,283M

• 2024 growth: 35.1% / 2025 growth: 13.6%

• Net profit margin: 26.5%

• PE: 33.1x / FCF yield: 4.56%

• ROIC: 24.2%

8. TransMedics

TransMedics is a medical technology company specializing in organ transplant systems that preserve and monitor donor organs outside the human body for transplantation.

• Country: USA

• Market cap: $5B

• 2023 revenue: $242M

• 2024 growth: 83.8% / 2025 growth: 30.8%

• Net profit margin: 10.7%

• PE: 112x / FCF yield: -1.08% (strong CAPEX to keep up with growth)

• ROIC: 0.22%

Conclusion

Of course, there are a lot of other companies that could be on this list (BoneSupport, Qt Group, Pro Medicus, Kinsale, etc) and even more if we do not use the profitability criterion. As explained, growth alone is important but assessing the sustainability of the growth and the business model and trying to optimize the entry point as most of these stocks are expensive is very important: patience is a key virtue of the investor.