America’s Top 10 Most Successful Small-Cap Companies 2024

While giants like Apple and Amazon have had a stellar year, smaller companies have struggled to gain traction. The Russell 2000 index, which tracks these small companies, is down 2.8% this year, in stark contrast to the S&P 500’s impressive 13.8% gain. Still, there are hidden gems waiting to be discovered. This article will guide investors through 10 small-cap companies that have seen strong sales growth over the past year and trade at a price of at least $5. These undervalued companies have the potential to shine, offering savvy investors a chance to discover a diamond in the rough.

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The 10 Most Successful Small-Cap Companies in 2024

The combination of high interest rates and subdued consumer spending has created a challenging situation for small-cap companies this year. However, various indicators suggest that these small companies are undervalued and trading at discounts to historical norms. If the economy gains momentum again, small-cap stocks are expected to rebound and could outperform in the coming years, which is an attractive opportunity for investors with a long-term perspective. Here is a list of the 10 most successful small-cap companies in the United States in 2024:

Leading glass manufacturer Tecnoglass (TGLS) tops the list. The company, which recently relocated to Miami, operates a massive 4.1 million square foot plant in Barranquilla, Colombia, producing high-quality glass windows and aluminum products for commercial and residential skyscrapers across the Americas. Riding a building boom in Florida, Tecnoglass saw sales soar to $841 million over the past year, doubling its revenue in less than two years. Its stock has surged more than 1,000% since March 2020. Next on our list is Dorian LPG (LPG), a Stamford, Connecticut-based shipping company that specializes in the transportation of liquefied petroleum gas. With a fleet of 25 large tankers sailing the world’s oceans, Dorian LPG is led by Chairman and CEO John Hadjipateras, a seasoned maritime expert with more than 50 years of experience and a family with a rich heritage in shipping and ship ownership dating back to the 19th century.

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This list is inspired by Forbes’ ranking of America’s Most Successful Small Companies. To identify the best performers, we evaluate companies based on four key metrics: stock return, sales growth, return on equity, and earnings growth over 12-month and 5-year periods. To ensure focus, financial institutions, real estate investment trusts (REITs), utilities, royalty trusts, and limited partnerships were excluded from the ranking. By applying these criteria, we found small companies that demonstrate superior performance and growth potential.

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