The Inc. 5000, a barometer of America's fastest-growing private companies, proves once again that Texas and Dallas are economic powerhouses. This year's 2023 list shows his 2022 total revenue will be more than $358 billion and the number of jobs will exceed 1.18 million.
Inc. describes the list as “5,000 examples of how to grow your business.”
This year, Nashville's CareBridge topped the Inc. 5000 with revenue growth of 157,144% over three years. However, Texas dominates the top five. Austin's CharterUP takes the No. 2 spot with his 111,130% growth, and DFW's Green Light Distribution ranks No. 4 with his 41,090%.
In a state full of achievers, Dallas is on the rise. 482 Texas companies said they would participate, with the Dallas-Fort Worth-Arlington metro claiming 216.
Overall, Dallas-Fort Worth leads the state in total revenue, jobs added, new companies founded, and repeat winners.
Analyzing the Dallas numbers
A closer look at Inc.'s 5000 analysis reveals the outsized economic contribution of the Dallas region. It brings in nearly half of Texas' total revenue ($22.9 billion out of $46.5 billion) and accounts for more than half of the state's new job openings (30,301 of 56,194).
Dallas is home to 35 of Texas' 70 new companies and 42 percent of Texas repeat winners. The median growth rate was 209%, slightly below the state average of 217%.
How do they compare to other major Texas metros? Dallas has 216 companies on the list, followed by Austin with 125, Houston with 95, and San Antonio with 24. Austin stands out with a median growth rate of 294%. Houston is second only to Dallas in sales with her $14.9 billion, but the median growth rate is 218%.
Beyond major cities, the North Texas region includes 12 companies on the list, including Tyler, College Station-Bryan, Waco, Wichita Falls and Sherman-Denison.
Fourth place Green Light aims for sales of $250 million and aims to expand through M&A
The Dallas area's top companies are breaking new ground in the food and beverage industry. Coppell-based Green Light Distribution has quickly risen to prominence as a wine and craft spirits distributor. Founded in 2019, the startup has established a footprint in Texas with over 4,000 retail spaces. In 2022, it merged with Houston's United Wine & Spirits, establishing the startup as the “third largest spirits distributor in Texas.”
June marked another significant milestone for the company: a minority growth equity investment from Milwaukee's Sixsives Capital. This capital injection will strengthen Green Light's mission to “level the playing field” for small and medium-sized brands in the market. CEO Dusty O'Dell is aiming to expand beyond the Texas border through M&A, and is targeting sales of $250 million in 2023.
“Retailers want to offer new brands to their customers, and we are the source of choice for retailers in Texas, and soon in many more states,” O'Dell said in a June announcement. .
Jack Wigdale, CEO of SixSibs Capital, shares this outlook. “We believe Green Light is at a tipping point,” Wigdale said. “They are now in a good position to upgrade their infrastructure and expand into new markets, all of which will help them go further and faster.”
Spotlight on Dallas' top 25 prospects
The top 25 companies in metro Dallas, according to the Inc. 5000 rankings, are: See the complete list here.
| rank | Company Name | growth % | industry | city |
|---|---|---|---|---|
| Four | green light distribution | 41,090% | food and drinks | Koppel |
| 13 | blue hammer roofing | 19,510% | construction | dallas |
| 14 | eTrue North | 19,130% | medical services | mansfield |
| 85 | archer review | 5,378% | medical services | dallas |
| 110 | Advantis Medical Staffing | 4,302% | human resources | dallas |
| 144 | Mavenir | 3,630% | Business products and services | dallas |
| 145 | ashland green | 3,617% | real estate | dallas |
| 152 | Physical therapy business | 3,542% | education | dallas |
| 155 | Curis functional health | 3,444% | medical services | dallas |
| 175 | timely care | 3,015% | medical services | fort worth |
| 185 | TAP innovation | 2,873% | IT services | irving |
| 239 | Ironside Human Resources Department | 2,312% | human resources | dallas |
| 327 | vital tech | 1,745% | medical services | carrollton |
| 368 | Evolve Consulting | 1,572% | Business products and services | dallas |
| 433 | albers aerospace | 1,342% | engineering | McKinney |
| 445 | indoor golf shop | 1,306% | consumer products | Selina |
| 475 | trade block | 1,225% | Business products and services | dallas |
| 509 | alwood | 1,153% | Logistics and transportation | richardson |
| 537 | Abara | 1,089% | e-commerce | dallas |
| 572 | courage | 1,027% | Financial operations | fort worth |
| 616 | Viewgol | 949% | medical services | frisco |
| 650 | SIO logistics | 898% | Logistics and transportation | south lake |
| 660 | Allsbrook Law Office | 888% | legal | arlington |
| 705 | sum theory | 834% | Business products and services | plano |
| 711 | united real estate group | 826% | real estate | dallas |
Companies on the 2023 Inc. 5000 are ranked based on revenue growth from 2019 to 2022. To qualify for the Inc. 5000, privately held companies had to report at least $100,000 in revenue in 2019 and $2 million by 2022.Co., Ltd.
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