How We Grade Companies

Our benchmarks are built on 836,894 financial statements from 6 countries. Here's exactly how we compute your grade.

836,894

companies

549

cohorts

6

countries

85

sectors

Your Grade = Your Position on the Bell Curve

We don't compare you to arbitrary thresholds. We compare you to every company in your industry and revenue bracket.

F0.1%D-0.6%D1.6%C-2.3%C4.4%C+9.2%B-15.0%B19.1%B+15.0%A-9.2%A4.4%A+2.3%Performance Distribution (Z-score)

A+ is reserved for the top 2.3% of companies in your peer group. Bmeans you're right at the median — solid, but leaving money on the table.

Built on Public Financial Filings

We don't use surveys or estimates. Every data point comes from official financial statements filed with government registries.

🇫🇷France — INPI (Greffe)
1,367,170 filings
🇳🇴Norway — Brønnøysund Registrene
362,454 filings
🇬🇧UK — Companies House
72,631 filings
🇫🇮Finland — PRH
22,899 filings
🇺🇸USA — SEC EDGAR
9,596 filings
🇨🇦Canada — ISED FPD
1,019 industry benchmarks
🇺🇸USA — Damodaran NYU
94 industry benchmarks

All data is publicly available under open government licenses. We refresh annually as new filings become available.

How Grading Works

1

Find Your Peer Group

We group companies by industry (NACE 2-digit) and revenue bracket (€1-5M, €5-20M, etc.). Your peer group might contain 2,847 wholesale companies in the €5M-20M range across France.

836,894 companies~2,800 peers
2

Compute Your Z-Score

For each metric (EBITDA margin, DSO, ROE…), we calculate how many standard deviations you are from your peer group's mean.

Z-score = (Your value − Peer mean) / Peer std dev

Your EBITDA 14.9%, peer mean 8.1%, peer std 4.2% → Z = +1.62 → Grade: A

3

Map to the Bell Curve

Z-scores map directly to the normal distribution. This guarantees a bell curve across the population:

A+Top 2.3%Z ≥ +2.0σ
ATop 6.7%Z ≥ +1.5σ
A-Top 15.9%Z ≥ +1.0σ
BMedianZ ≈ 0
FBottom 5%Z ≤ −2.5σ

Your overall grade is a weighted composite of 8–10 individual KPI grades.

What 836,894 Companies Reveal

3.1×

Top quartile earns 3.1× the EBITDA of median peers

15.1%

of companies pass the Rule of 40 (growth + margin ≥ 40)

51%

of A+ companies stay A+ the next year

3.1%

of D-rated companies escape to A-tier the next year

“Without intervention, 97% of underperforming companies stay underperforming. That's why playbooks matter.”

How Your Overall Grade Is Calculated

EBITDA Margin
25%
Revenue Growth
20%
Gross Margin
15%
DSO
10%
Personnel %
10%
ROE
10%
Current Ratio
5%
Debt/Equity
5%

EBITDA margin and revenue growth together account for 45% of your overall grade — because PE investors care most about profitable growth.

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Powered by 836,894 financial statements from 6 countries.