Canada’s Top Growing Companies of 2024: Insights and Rankings

Welcome to the sixth annual Report on Business ranking of Canada’s Top Growing Companies. This year’s list showcases 416 remarkable businesses, each with a unique journey marked by resilience and innovation. From Calgary’s leading fintech company, Neo Financial, which secured the top spot, to O’Dough’s, a Toronto-based bakery, these enterprises reflect the diverse entrepreneurial spirit thriving across the nation.

Highlighting Canadian Ingenuity

These companies span a wide array of sectors, demonstrating creativity and determination in their respective fields. Whether they are trailblazers in space technology, enthusiasts of audio-visual innovations, or specialists in maple syrup production, one common thread unites them: a consistent record of growth.

Understanding Our Methodology

Initiated in 2019 by The Globe and Mail, this ranking assesses both private and public Canadian businesses based on their revenue growth over three years. Participation in the Canada’s Top Growing Companies program is voluntary, with entries accepted until May 2024.

Application Process

• Companies must complete a comprehensive application survey.
• Supporting financial documentation for the years 2020 and 2023 is required.
• Evaluation is based on the most recent fiscal year for which financials are available, with some assessments using calendar years.

To qualify, a company must be Canadian-owned and have reported at least $2 million in annual sales during its latest fiscal year. It’s important to note that franchisors are evaluated solely on their corporate revenue, excluding system-wide sales. All financial figures are presented in Canadian dollars unless stated otherwise.

Research Team

This year’s rankings were compiled by a dedicated research team, including Claire Robbins, Fiona Collie, and Rasha Rehman. For those interested in participating in the 2025 rankings, further details will be available in due course.

Stay tuned as we unveil the full list of Canada’s fastest-growing companies, celebrating the achievements and growth stories that shape our economy.