Vital Farms Inc., the Austin-based egg and butter company, is No. 8 on Fortune magazine’s new ranking of the fastest-growing companies.
Vital Farms Inc.
Vital Farms, the Austin-based purveyor of pasture-raised eggs and butter, is one of just two Texas businesses to make the top 10 in Fortune magazine’s new ranking of the fastest-growing companies. The only Austin company on the list, it landed at No. 8, up from 50th a year ago.
The other is Houston-based electronics company Powell Industries Inc. at No. 6.
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In all, only 13 Texas companies made this year’s list, down from 25 in 2024.
Among those missing from the 2025 ranking is Tesla Inc. The Austin-based electric vehicle and battery maker has been hammered by declining sales, largely attributed to consumer disdain for CEO Elon Musk and the company’s aging vehicle lineup. Tesla’s rise and fall has been rapid: before dropping off the list this year, it ranked as the 42nd-fastest-growing company in 2024, after debuting at No. 2 in 2023.
A YEAR AGO: Valero Energy debuts on list of fastest-growing companies as Tesla slips to No. 42
Another company that made the cut in 2024 but is missing from the 2025 list released Wednesday is San Antonio refiner Valero Energy Corp. It’s among a group of Texas energy companies whose growth has dipped as the global economy has slowed this year. Valero was No. 23 a year ago.
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Only five Texas energy companies made this year’s list, down from a dozen in 2024, when energy companies dominated the top 100. Just two repeated: Permian Resources Corp. of Midland and Cactus Inc. of Houston.
Vital Farms Inc., which Fortune said has a three-year annual revenue growth rate of 31.6%, is the market leader in the U.S. premium pasture-raised egg market. It markets its eggs and butter to shoppers who are concerned both about their health and issues such as animal welfare and environmental impact. Fortune put its employment at 598.
In the 12 months through June, Vital Farms had $621 million in revenue and the company has said it’s aiming for $1 billion by 2027.
At No. 6, Powell Industries produces custom-engineered electronics equipment and performs systems design and production mainly for customers in the oil and gas industry and the electric utility market. A multi-year growth spurt lifted its three-year annual revenue growth rate to 33.6%. Fortune put its annual revenue in the four quarters through June at $1.08 billion.
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Here are the top five fastest-growing companies on the new list, their headquarters cities and industry:
1. Nvidia Corp., Santa Clara, Calif. (semiconductors and other electronic components)
2. Royal Caribbean Cruises Ltd., Miami. (hotels, restaurants and leisure)
3. Super Micro Computer Inc., San Jose, Calif. (computers, office equipment)
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4. Nu Holdings Ltd., Sau Paulo, Brazil. (diversified financials)
5. Duolingo Inc., Pittsburgh. (education)
Here are the Texas companies that made the cut:
6: Powell Industries Inc., Houston. (electronics, electrical equipment)
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8: Vital Farms Inc., Austin. (consumer foods)
15: Tidewater Inc., Houston. (oil and gas equipment, services)
24: Comfort Systems USA Inc., Houston. (engineering and construction)
28: Wingstop Inc. Dallas. (food services)
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36: Goosehead Insurance Inc., Westlake. (diversified financials)
45: Ceco Environmental Corp., Addison. (waste management)
48: Permian Resources Corp., Midland. (mining, crude oil production)
54: Third Coast Bancshares Inc., Humble. (commercial banks)
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65: Aris Water Solutions Inc., Houston. (oil and gas equipment, services)
70: Noble Corp., Houston. (oil and gas equipment, services)
75: Cactus Inc., Houston. (pipelines)
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88: Quanta Services Inc., Houston. (engineering and construction)
The ranking, now in its 40th year, is determined by companies’ revenue growth, earnings per share growth and three-year annualized return to shareholders for the period ended June 30. All of the companies on the list trade on a U.S. stock exchange, report their data in U.S. dollars and file SEC quarterly reports.