Revenue Growth

Growth of $10,000 invested in Revenue Surprise Momentum vs S&P 500 from 2000 to 2025. Strategy grew to $119,368, S&P 500 to $72,745.

Revenue Growth

We Backtested Revenue Surprise Momentum on 25 Years of US Data

Companies that beat quarterly revenue estimates outperform by 1.9% annually. We tested this on 25 years of US stocks: 9.94% CAGR vs 8.02% for SPY. Quarterly rebalancing is non-negotiable.

Revenue Surprise CAGR vs local benchmark by exchange (2000–2025). US and UK show positive excess. All others negative vs local index.

Revenue Growth

Revenue Surprise Momentum Across 9 Exchanges: What Local Benchmarks Reveal

We tested revenue surprise momentum on 9 exchanges using local benchmarks. US: +1.92% excess vs S&P 500. UK: +2.24% vs FTSE — but barely. India looks good in absolute terms but underperforms the Sensex by 1.87% annually.