Revenue Growth (5Y CAGR)

What it is\nAnnualised revenue growth over the last 5 years. Revenue today $20B vs. $10B five years ago = 14.9% CAGR.\n\n## Why it's the leading indicator\nRevenue is "real" — it's either there or it's not. Earnings can be massaged with cost cuts, accounting choices, and one-off gains. Cash flow can be flattered by under-investing. Revenue growth is the cleanest read on whether more customers are buying more product, period.\n\n## What "good" looks like\n- 20%+: high-growth — usually tech or consumer breakouts\n- 10–20%: strong, healthy compounding\n- 5–10%: market-average\n- 0–5%: mature business, look at margin expansion and capital returns instead\n- Negative: structural decline — usually a no-go unless very deeply discounted\n\n## Quality of growth matters\nGrowth bought via acquisition, share issuance, or unsustainable promotions is worth less than organic growth. Read the 10-K for "organic revenue growth" disclosures and compare to the headline number — the gap tells you how much is real.