–2
3
7
160
140
120
100
80
2022
2021
2020
2019
2018
2017
2016
Other recent growth outperformers
Others
Innovative growers
McKinsey & Company
Source: McKinsey Corporate Performance Analytics™, McKinsey Org Analytics, McKinsey Org Data Platform and Atlas
Largest 2,000 companies globally with complete innovation data.
²
Excess total shareholder returns (xTSR) calculated as the company’s annual TSR less the median TSR in its sub-industry; “innovative growers” defined as companies with mastery level in at least 3 Innovation IQ main categories, along with above-industry median revenue CAGR and EP/revenues (2016–2022) (“recent growth outperformers”).
¹
xTSR, 2016–22
X%
Index 2016 = 100, USD, (n = 656)²
Median xTSR by analysis category¹
Innovative growers drive about 4 percentage-point higher cumulative TSR growth versus other outperformers.
