Revenue Growth

Growth of $10,000 invested in Revenue Surprise Momentum vs S&P 500 from 2000 to 2025. Strategy grew to $167,028, S&P 500 to $72,829.

Revenue Growth

We Backtested Revenue Surprise Momentum on 25 Years of US Data

Companies that beat quarterly revenue estimates outperformed by 3.5% annually. We tested this on 25 years of US stocks: 11.55% CAGR vs 8.02% for SPY, with 85% down capture.

Revenue Surprise CAGR vs local benchmark by exchange (2000–2025). US and UK show positive excess, Canada lands level with its index, and the remaining six trail their local benchmark.

Revenue Growth

Revenue Surprise Momentum Across 9 Exchanges: What Local Benchmarks Reveal

We tested revenue surprise momentum on 9 exchanges using local benchmarks. US: +3.54% excess vs the S&P 500. UK: +2.38% vs the FTSE 100, on a 10-stock portfolio. India looks good in absolute terms but trails the Sensex by 2.41% a year.