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Top Ten
1. Analogic Corp.
2. State Street Corp.
3. BJ's Wholesale Club
4. Charles River Labs
5. Yankee Candle
6. Staples
7. Gillette
8. TJX Cos.
9. Kronos
10. Investors Fin. Svcs.
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The Best in Massachusetts Business

The Growth 50

To be considered for the Growth 50, a company must have been public in both 2001 and 2002. Companies are ranked by a composite score of 2-year average annual sales and profit growth rates.

Rank Previous
Rank
Company Composite
score
2-year
average
% sales
growth
2-year
average
% profit
growth
1 Charles River Laboratories International 3.0 34.5 95.6
2 Analogic Corp. 8.0 17.2 61.0
3 8 Lifeline Systems 10.5 13.3 59.8
4 44 Kronos 11.5 14.8 44.4
5 Haemonetics Corp. 12.0 8.0 517.4
6 13 Bright Horizons Family Solutions 12.5 18.3 29.0
7 9 Investors Financial Services Corp. 14.0 12.8 43.3
8 OneSource Information Services 15.5 5.5 127.3
9 HPSC 16.0 4.2 606.8
10 36 Staples 16.5 4.2 173.3
11 J. Jill Group 17.0 18.8 21.4
12 38 Genzyme Corp. 17.5 19.8 21.2
13 2 PolyMedica Corp. 18.5 26.8 17.7
14 16 Yankee Candle Co. 20.5 14.6 21.2
15 1 Cytyc Corp. 21.0 29.0 12.0
16 18 Reebok International Ltd. 23.5 4.5 27.5
17 International Electronics 24.0 1.8 45.8
18 37 Maxwell Shoe Co. 25.5 13.3 13.6
19 20 Zoll Medical Corp. 26.0 20.3 4.1
20 Circor International 30.5 2.3 21.5
21 47 Millipore Corp. 31.0 8.3 10.6
22 Thermo Electron Corp. 31.5 -4.4 77.4
23 21 Courier Corp. 32.0 1.0 23.1
24 27 TJX Cos. 32.0 11.8 3.7
25 25 Charles River Associates 32.0 25.8 -2.3
26 28 UniFirst Corp. 33.0 4.3 14.6
27 34 BJ's Wholesale Club 33.0 9.0 5.3
28 7 Quaker Fabric Corp. 33.5 9.8 2.8
29 Dynamics Research Corp. 34.5 -1.9 30.0
30 Watts Industries 35.0 9.2 2.3
31 Port Financial Corp. 35.5 -12.4 51.7
32 Raytheon Co. 36.0 -0.4 23.1
33 Century Bancorp 36.0 1.1 15.0
34 24 National Dentex Corp. 36.0 12.1 -0.7
35 49 Firstfed America Bancorp 38.0 -14.5 49.1
36 33 Independent Bank Corp. 38.5 -9.2 28.5
37 State Street Corp. 39.5 -13.8 30.6
38 32 Bay State Bancorp 41.0 -17.1 50.3
39 45 New England Business Service 41.5 0.5 8.8
40 Gillette Co. 42.0 -4.3 21.4
41 30 Waters Corp. 42.0 5.8 -1.3
42 17 Eaton Vance Corp. 43.0 6.6 -2.5
43 Wainwright Bank & Trust Co. 44.5 -14.8 24.4
44 42 Seacoast Financial Services Corp. 44.5 -14.7 23.7
45 Abington Bancorp 45.0 -16.5 27.1
46 Affiliated Managers Group 45.0 2.6 -0.6
47 19 Biogen 47.5 11.3 -22.7
48 14 Talbots 48.0 0.0 2.4
49 Boston Beer Co. 48.0 6.3 -12.8
50 5 Boston Private Financial Holdings 49.5 -15.4 19.3
Criteria: To be considered for The Growth 50, a company must have had $10 million in 2002 sales, $1 million in 2002 profit, and must have reported profits in all periods. A company must have been publicly traded for two full years. Score ties are broken by profit growth. Data compiled by Compustat.

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