Job and Revenue Growth Slow for Middle Market

While mid-market companies continue to fare better than their larger peers in the U.S., year-over-year revenue growth and job growth rates slowed in the final quarter of 2015, according to a report by the National Center for the Middle Market. Overall, mid-market companies reported revenue growth of 6.1 percent in Q4 2015 as compared with 7.2 percent in Q4 2014. What’s more, the smallest mid-market firms saw the biggest slowdown, reporting a 4.7 percent rate of growth for Q4 2015 compared with 6.3 percent at the end of 2014.

In view of this dampening, it’s not surprising that mid-market employment rate growth is also slowing. While nearly one-third of mid-market company survey participants expected to add jobs in 2016, that number is well below the 52 percent of companies that planned to hire at the end of 2014.

Business leaders also are not optimistic about the pace of growth picking up. On average, companies report foreseeing future revenue growth of just 3.7 percent over the next 12 months. A year ago, expectations were an optimistic 6 percent—and actual growth exceeded those expectations.

The tables and charts below offer a look at how 2015 played out for mid-market companies and what they expect from the year to come. For example, 25 percent of mid-market companies are actually holding on to their cash, while just 16 percent are using it for capital expenditures toward plants or equipment.

Mid-Market Report 2
Revenue Growth, Job Growth Slow Down
Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit for more information.