Two companies, one in Tampa and another in Sarasota, made Fortune magazine's list of the 100 fastest-growing publicly traded companies.
Tampa-based HCI, a property and casualty insurance firm, is No. 13 on the list and Sarasota-based Sun Hydraulics is No. 45. The only other company from Florida on the list is Lake Mary-based Faro Technologies, a 3D measurement technology firm outside Orlando.
The magazine, which will publish the list in its Sept. 23 issue, compiles the rankings from a three-year average of a firm's revenue growth rate, earnings per share growth rate and annualized total return. The overall rank is based on the sum of the three ranks.
HCI, according to Fortune, had a three-year average revenue growth rate of 43%; a three-year profit growth of 67%; and a three-year total return of 84%. The magazine says one factor in the results is HCI customers have filed fewer and less severe claims, which helps the company keeps costs down. HCI had $163 million in revenues in 2012.
Sun Hydraulics, meanwhile, had a three-year average revenue growth rate of 27%; a three-year profit growth of 106%; and a three-year total return of 30%, according to Fortune. The firm, which manufactures and sells screw-in cartridges and valves used in hydraulic systems, had $204.3 million in revenues in 2012.
Companies on the list could be based anywhere in the world, but must trade on a major U.S. stock exchange to qualify for the rankings. Companies must also report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 as of June 28; and have been trading continuously since June 30, 2010. View the full list.