Nectar leads the 2025 “Utah 100” list of the fastest-growing companies in Utah, compiled by MountainWest Capital Network.
First presented in 1994, the Utah 100 is MWCN’s yearly list of the fastest-growing companies in the Beehive State. The list’s companies were announced earlier this year, with the most recent announcement ranking those companies.
“Nectar’s success in helping companies transform their workplace cultures through meaningful appreciation and recognition tied to company values has been essential to their incredibly fast growth,” said Chris Badger, chair of the MWCN Utah 100 committee. “The 2025 Utah 100 reflects several meaningful trends reshaping Utah’s business landscape. While health care and health care-adjacent companies continue their upward trajectory, we’re also seeing a significant rise in AI-focused businesses and a notable increase in construction-related businesses as more companies expand or relocate here from other markets.”
The 2025 list also showcases remarkable staying power among Utah’s top companies. Twenty-six companies on this year’s Utah 100 have been consistently listed for the past five years or more, while four have earned recognition for the past 11 to 15 years. Four companies have been honored 16 or more times, with Zions Bancorporation and Layton Construction achieving recognition for more than 20 years.
The list of Utah 100 honorees was determined using a weighted calculation of percentage and dollar growth over a five-year period through December 2024.
At the awards ceremonies, MWCN also announced its annual Top 15 Revenue and Emerging Elite lists. Companies in the Top 15 Revenue category are ranked based on the highest total dollar growth over the past five years. The Emerging Elite lists organizations less than five years old that show the most promise of future growth. Companies are only recognized in one category.
The Utah 100 includes (in order):
No. 1 Nectar, No. 2 Pure Healthcare, No. 3 Just Ingredients, No. 4 Strider Technologies, No. 5 ProSubs, No. 6 Five Star Franchising, No. 7 Nutrient, No. 8 Launch Fulfillment, No. 9 Taxbit;
No. 10 Recursion Pharmaceuticals, No. 11 Beehive Meals, No. 12 Gabb, No. 13 Platform Accounting Group; No. 14 Action Solar, No. 15 Zerorez, No. 16 Allied Medical Waste, No. 17 Dorai Home, No. 18 Black Rifle Coffee Co., No. 19 LVT;
No. 20 Klean Freak, No. 21 BZI Steel, No. 22 Bonneville Builders, No. 23 Innovative Industrial Properties, No. 24 HydroJug, No. 25 Techcyte, No. 26 AutoSavvy, No. 27 Conservice, No. 28 Beauty Industry Group, No. 29 Bridge Investment Group;
No. 30 Devos, No. 31 JobNimbus, No. 32 Peak Capital Partners, No. 33 Weave Communications, No. 34 HemaSource, No. 35 Health Catalyst, No. 36 Frazil, No. 37 Sensapure, No. 38 The Cynosure Group, No. 39 EZARC;
No. 40 Bank of Utah, No. 41 Design Imaging, No. 42 Kiln, No. 43 Domo, No. 44 TAB Bank, No. 45 Greenix Pest Control, No. 46 OptConnect, No. 47 &Collar, No. 48 eAssist Dental Solutions, No. 49 ELB Learning;
No. 50 Pure Manufacturing, No. 51 Oilo Studio, No. 52 Cole West, No. 53 Comma Copywriters, No. 54 WeLink, No. 55 SkyShare, No. 56 Franklin Covey, No. 57 Becklar, No. 58 SINTX Technologies, No. 59 Denik;
No. 60 Prodatakey, No. 61 Provider Healthcare, No. 62 Drive Wealth Advisers, No. 63 Squeeze, No. 64 Profire Energy, No. 65 Nano-Yield, No. 66 Dark Energy, No. 67 Next Meters Global, No. 68 Finwise Bancorp, No. 69 Utah Injury Law Center
No. 70 Alpha Warranty Services, No. 71 Nexus IT, No. 72 Varex Imaging, No. 73 Nature’s Sunshine, No. 74 Groove Technology Solutions, No. 75 Turner Imaging System, No. 76 SynergySuite, No. 77 JBC Threadworks, No. 78 Traeger, No. 79 CUI Group;
No. 80 Dental Buyer Advocates, No. 81 GMRE, No. 82, Code Quick, No. 83 Pack Tax, No. 84 HK Consulting, No. 85 Wavetronix, No. 86 VLCM, No. 87 Tech Legion, No. 88 Maddox Construction, No. 89 San Diablo Artisan Churros;
No. 90 Lender Toolkit, No 91 MLD, No. 92 Clarus Corp., No. 93 Mil Agro, No. 94 Kuru Footwear, No. 95 Diathrive, No. 96 Western States, No. 97 Legacy Tree Genealogists, No. 98 Quality Distribution, No. 99 PMI and No. 100 Zonos.
The 2025 Top 15 Revenue companies (in order) are:
No. 1 Ken Garff Automotive, No. 2 Zions Bancorporation, No. 3 Extra Space Storage, No. 4 Layton Construction, No. 5 Pattern, No. 6 Trucordia, No. 7 Young Automotive Group, No. 8 BHI, No. 9 Green Dot, No. 10 HealthEquity, No. 11 Merit Medical, No. 12 Westland Construction, No. 13 Intermountain Electronics, No. 14 SME Industries and No. 15 Aptive Pest Control.
The Emerging Elite companies (in alphabetical order) are:
Andersen’s Crazy Candy, BCC Construction Group LLC, Breeze Airways, Jase Medical, Jump, Kingbee Rentals LLC, K’Lani, Leland, Lola Blankets, Nest Tiny Homes, Savvos Health, TELLUS Networked Sensor Solutions Inc. and Videra Health.
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