125 Maryland Companies That Are the Fastest Growing in America
Maryland’s vibrant business landscape is thriving, as evidenced by the 2025 Inc. 5000 list. This year, 125 companies from the state are recognized among America’s fastest-growing private firms, showcasing Maryland’s entrepreneurial strength and diversity across various industries.
Leading the charge is Chaberton Energy, a Rockville-based renewable energy developer, which secured the #53 spot nationally. With an impressive 52-fold revenue growth from 2021 to 2024, Chaberton not only tops Maryland’s list but also ranks as the nation’s second-fastest-growing energy company. Its ability to turn a profit in just its third year and navigate shifting energy policies and markets underscores its remarkable success.
Notable Maryland Honorees
Just Ice Tea in Bethesda made a splash, ranking #88 overall and #5 nationally in the food and beverage sector. Founded in 2022 by Seth Goldman and chef Spike Mendelsohn, the company achieved a stellar 3,750% average annual revenue growth, surpassing records set by their earlier venture, Honest Tea.
Connsci in Gaithersburg, a government contractor, claimed the #83 national spot, demonstrating strong growth in defense and technology. Meanwhile, ShieldCo in Frederick, with 133% three-year growth, highlights Frederick County’s robust manufacturing and business environment. Impressively, eight Frederick County companies made the 2025 list, representing tech, e-commerce, and financial services.
Regional Momentum and Broader Impact
The Mid-Atlantic region, including Maryland, shows significant growth, with companies like Blu Omega, an IT and clinical research services provider, ranking #18 regionally for rapid expansion and innovation.
Across the Washington, D.C. metro area, which includes parts of Maryland, 290 companies were recognized this year. This reflects the region’s strong private sector growth and economic vitality.
Inc. 5000 Criteria and Economic Impact
To qualify for the Inc. 5000 list, companies must be privately held, for-profit, U.S.-based, and independent as of December 31, 2024. Rankings are determined by percentage revenue growth over three years.
The 2025 cohort collectively generated $300.7 billion in revenue and employed nearly 1.2 million people nationwide, highlighting the significant economic impact of these high-growth businesses.
Maryland’s honorees exemplify exceptional leadership, adaptability, and a commitment to innovation and customer success—qualities driving their expansion and solidifying Maryland’s reputation as a hub for ambitious businesses.
Frederick County’s Contribution to Maryland’s Success
Frederick County stands out with a total of eight companies on the 2025 Inc. 5000 list, showcasing its thriving business environment. These companies represent a diverse range of industries, including technology, e-commerce, and financial services. Their presence highlights the county’s robust infrastructure and supportive ecosystem for growing businesses.
Diverse Industries Driving Growth
Maryland’s strong entrepreneurial ecosystem is evident across various sectors. Beyond the notable companies in energy and food and beverage, the state boasts a vibrant landscape in technology, manufacturing, and financial services. This diversity not only contributes to economic resilience but also underscores the state’s ability to foster innovation across multiple industries.
Leadership and Adaptability: Key to Success
The success of Maryland’s companies can be attributed to exceptional leadership and adaptability. These firms have demonstrated the ability to navigate market shifts and policy changes, particularly in sectors like energy and government contracting. Their agility in responding to evolving landscapes has been crucial in maintaining their competitive edge.
Beyond Revenue: Broader Economic Impact
While the collective revenue and employment figures are impressive, the impact of these companies extends beyond economics. They drive innovation, stimulate local development, and contribute to community growth. Their presence enriches the state’s business community and fosters a culture of entrepreneurship and innovation.
Conclusion
Maryland’s presence on the 2025 Inc. 5000 list with 125 companies underscores its vibrant entrepreneurial ecosystem. The state’s diverse industries, from energy to technology, showcase its adaptability and innovative spirit. Leading companies like Chaberton Energy and Just Ice Tea exemplify the state’s potential, while Frederick County’s eight honorees highlight its thriving business environment. These firms not only drive economic growth but also foster innovation and community development, solidifying Maryland’s reputation as a hub for ambitious businesses.
FAQ
How many Maryland companies made the 2025 Inc. 5000 list?
In 2025, 125 companies from Maryland were recognized on the Inc. 5000 list.
What industries are represented by Maryland’s fastest-growing companies?
The companies represent diverse industries including energy, food and beverage, government contracting, manufacturing, technology, e-commerce, and financial services.
Which Maryland companies topped the list and what were their rankings?
Chaberton Energy ranked #53 nationally, Just Ice Tea ranked #88 overall and #5 in food and beverage, Connsci ranked #83, and ShieldCo achieved 133% growth.
What are the criteria for the Inc. 5000 list?
Companies must be privately held, for-profit, U.S.-based, and independent as of December 31, 2024, with rankings based on three-year revenue growth.
How does the growth of these companies impact the local economy?
Beyond revenue, these companies drive innovation, stimulate local development, and contribute to community growth, enriching Maryland’s business environment.