Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Deciphering which businesses can sustain their high growth rates is a challenge for even the most seasoned professionals, which is why we started StockStory. That said, here are three growth stocks where the best is yet to come.
Boot Barn (BOOT)
One-Year Revenue Growth: +17.6%
With a strong store presence in Texas, California, Florida, and Oklahoma, Boot Barn (NYSE: BOOT) is a western-inspired apparel and footwear retailer.
Why Do We Like BOOT?
- Rapid rollout of new stores to capitalize on market opportunities makes sense given its strong same-store sales performance
- Comparable store sales rose by 6.7% on average over the past two years, demonstrating its ability to drive increased spending at existing locations
- Market share is on track to rise over the next 12 months as its 14.5% projected revenue growth implies demand will accelerate from its three-year trend
Boot Barn’s stock price of $162.50 implies a valuation ratio of 17.9x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free.
Dycom (DY)
One-Year Revenue Growth: +29.8%
Working alongside some of the most popular mobile carriers in the world, Dycom (NYSE: DY) builds and maintains telecommunications infrastructure.
Why Should You Buy DY?
- Impressive 21% annual revenue growth over the last two years indicates it’s winning market share this cycle
- Additional sales over the last two years increased its profitability as the 31.5% annual growth in its earnings per share outpaced its revenue
- Free cash flow margin grew by 5.7 percentage points over the last five years, giving the company more chips to play with
Dycom is trading at $412.37 per share, or 24.6x forward P/E. Is now the time to initiate a position? See for yourself in our in-depth research report, it’s free.
SM Energy (SM)
One-Year Revenue Growth: +75.4%
Operating across three key regions with over 328,000 net acres under its control, SM Energy (NYSE: SM) explores for, develops, and produces oil, natural gas, and natural gas liquids primarily from shale formations in Texas and Utah.
Why Is SM a Good Business?
- Annual revenue growth of 16.7% over the past ten years was outstanding, reflecting market share gains this cycle
- Attractive asset base leads to wonderful unit economics and a best-in-class gross margin of 86.8%
- EBITDA margin expanded by 9.9 percentage points over the last five years as it scaled and became more efficient
At $32.27 per share, SM Energy trades at 4.7x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free.
Stocks We Like Even More
ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively.
Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE.
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.
