Profit that grew faster than revenue

How this is counted

Each study states revenue growth and profit growth a year over the record its offer document gives (usually three years). An issue counts when its profit growth rate is above its revenue growth rate. Faster profit growth can come from wider margins, from a small first year, or from other income; each issue's study says which.

The sample is every IPO newboard has studied whose study states the figures this needs: 280 of the 313 studied so far. Each figure is from that issue's own offer document, with its page in the study. Counted on 4 Oct 2026; the count moves as studies are added. It describes these issues and says nothing about any other.