Only a handful of companies managed to grow revenue year after year without a decline. Through recessions, market shocks, and shifts in consumer behavior, these businesses have grown revenue for over 15 consecutive years, which is the result of world-class execution and strong competitive advantages.
These eight companies define what “forever stocks” look like. They combine global reach, recurring demand, and disciplined capital allocation to keep expanding year after year.
For investors looking to hold stocks that can outperform across cycles and can compound for decades to come, this group sets the standard for consistency and resilience.
Here are 8 forever stocks that have grown revenue every year for the past 15 years.
| Company Name (Ticker) | Analyst Upside | P/E Ratio |
| Amazon.com (AMZN) | 17.0% | 32.95 |
| Microsoft (MSFT) | 18.8% | 33.61 |
| Alphabet (GOOGL) | 2.1% | 24.30 |
| Netflix (NFLX) | 10.4% | 42.31 |
| Adobe (ADBE) | 30.7% | 15.23 |
| NVIDIA (NVDA) | 12.1% | 33.81 |
| Apple (AAPL) | -2.3% | 32.87 |
| Costco Wholesale (COST) | 12.5% | 46.89 |
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Netflix (NFLX)

Netflix is a textbook example of structural revenue compounding. Since 2008, the company has reported uninterrupted annual top-line growth, a rare feat in media, an industry prone to cyclicality. This consistency stems from a simple yet powerful flywheel: global subscriber growth, pricing power, and expanding monetization layers. By pioneering streaming early, Netflix turned fixed-cost content investment into recurring, high-margin subscription revenue, creating a scalable, predictable model that thrives even when consumer spending fluctuates.
Netflix’s evolution from domestic DVD mail-outs to a global content and distribution platform further reinforces its revenue durability. With over 270 million subscribers worldwide and expanding ad-supported tiers, Netflix has achieved an enviable balance of volume and margin expansion. Each regional market contributes incremental revenue while sharing global production costs, amplifying operating leverage. The company’s ability to continuously raise ARPU (average revenue per user) without major churn proves its pricing elasticity and content moat, the twin forces behind its decade-long growth trajectory.
What truly sets Netflix apart is its self-sustaining ecosystem. The firm’s push into live content, gaming, and advertising signals a diversification beyond traditional streaming, ensuring multiple future growth channels. Its data-driven content strategy and unmatched global scale create barriers that make consistent revenue gains not just a trend, but a structural feature of its business model.
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Microsoft (MSFT)

Microsoft’s 15-year streak of revenue growth reflects one of the most successful corporate reinventions in modern history. Once a cyclical software vendor tied to PC upgrades, Microsoft transformed itself into a cloud-first enterprise, anchoring its revenue on recurring, high-retention products. The shift from licensing (Windows, Office) to subscriptions (Microsoft 365, Azure, Dynamics) replaced lump-sum cycles with durable, predictable cash flows, a model built for compounding stability.
Azure, in particular, has been the engine of Microsoft’s multi-segment resilience. Even during global slowdowns, demand for cloud infrastructure, AI services, and enterprise security solutions has grown, driving double-digit annual revenue gains. The company’s diversification across enterprise software, developer tools, LinkedIn, and gaming ensures it captures multiple layers of digital transformation spending. Each segment complements the other, a network of revenue streams that reinforces overall growth while reducing dependence on any single product cycle.
Microsoft’s pricing power and ecosystem lock-in sustain its upward trajectory. With millions of businesses embedded in its cloud architecture, Microsoft enjoys switching-cost advantages that make recurring growth almost inevitable. This unique combination, scale, enterprise entrenchment, and recurring digital consumption explain why the company has managed to expand its top line every single year, through recessions, pandemics, and market rotations alike.
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Amazon.com (AMZN)

Amazon’s growth story is unmatched in its breadth and durability. Since 2008, the company has grown revenue every single year, transforming from a retail platform into a diversified conglomerate spanning e-commerce, cloud computing, advertising, and logistics. This uninterrupted streak is driven by the company’s structural habit of reinvesting profits into new verticals that extend its ecosystem. A self-perpetuating cycle that constantly adds new revenue streams without cannibalizing existing ones.
The launch and explosive growth of Amazon Web Services (AWS) redefined the company’s financial profile. AWS contributes high-margin, subscription-based revenue that cushions retail’s cyclical nature, ensuring overall consistency even during downturns in consumer spending. Meanwhile, Amazon’s advertising business, now a $40B+ segment, leverages first-party shopper data to generate fast-growing, high-ROI digital ad revenue, further diversifying its top line. This mix of recurring (AWS, ads, Prime subscriptions) and transactional (retail, third-party seller services) revenue creates a robust and adaptive foundation.
Crucially, Amazon’s logistics and fulfillment infrastructure act as both a moat and a monetization engine. By controlling its supply chain, Amazon extracts efficiencies that competitors cannot replicate, a structural advantage that supports steady margin recovery while preserving growth. Few companies in history have managed to scale across so many industries while maintaining year-over-year revenue acceleration; Amazon does so through a relentless focus on scale, reinvestment, and platform synergy. The hallmarks of a true compounding giant.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!