In a year when the U.S. economy grew a healthy 3.5 percent, the revenues of the Hispanic Business 500® increased well over four times as fast. The largest Hispanic companies´ 15.2 percent revenue growth for 2005 represents the best performance for the 500 since 1996. Cumulative revenues for the directory now total $34.82 billion (see chart, "Total Revenues of the HB 500").
Looking at the 500 more closely reveals a trend apparent last year – namely that the largest companies on the directory account for the lion's share of the growth. A striking example of this occurs with the first company on the list. Top-ranked Related Group of Florida increased its revenues by $1.12 billion, a 52.8 percent gain over the previous year. It marks the first time a company on the 500 has grown by more than $1 billion in a single year. A separate article in this issue ("Another Year Another Billion") covers Related Group´s remarkable achievement.
| TOTAL REVENUES OF THE HB500 | ||
| GREW 15.2 PERCENT, TO $34.87 BILLION IN 2005, THE LARGEST PERCENTAGE INCREASE SINCE 1996, WHEN REVENUES TOTALED JUST $16.28 BILLION. | ||
| YEAR | REVENUES ($ BILLION) |
PERCENT CHANGE |
| 2005 | $34.87 | 15.2% |
| 2004 | $30.26 | 15.1% |
| 2003 | $26.30 | 13.9% |
| 2002 | $23.10 | -1.7% |
| 2001 | $23.49 | 10.9% |
| 2000 | $21.18 | 12.8% |
| 1999 | $18.78 | 7.7% |
| 1998 | $17.44 | 2.0% |
| 1997 | $17.09 | 5.0% |
| 1996 | $16.28 | 16.3% |
| 1995 | $14.00 | 15.1% |
| 1994 | $12.16 | 10.9% |
| Dates indicate year revenues were earned, based on data published in Hispanic Business the following June. Source: HispanTelligence® ©2006 Hispanic Business Inc. Reprinting, copying, or transmitting requires permission.
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