Most total reported corporate growth still comes from the core; only 20 percent comes from adjacent and breakout businesses.
Share of total revenue growth, 2016–2021, %, (n = 1,680)
Industrials
Healthcare
Life sciences
Business services
Materials
Travel, logistics, and infrastructure
Tech, media, and telco
Consumer
Energy
Grand total
Source: Capital IQ, McKinsey Corporate Performance Analytics™
Core business is defined as largest business segment in 2016.
¹
Growth in core
Growth from adjacencies and new business building
90
10
90
10
89
11
86
14
84
16
83
17
82
18
81
19
71
29
81
19
McKinsey & Company
¹