Forbes List: The World’s 50 Most Innovative Companies

Most Innovative Companies These firms set the pace when it comes to generating new growth ideas

Innovation premium: 73%
Sales growth1:  37.7%
Return2: 29.7%

2. Alexion Pharmaceuticals
Innovation premium: 72.3%
Sales growth:  46.5%
Return:  47.6%
Its anaemia drug Soliris will gross $1.1 billion in revenue this year. Shares have outperformed Apple since 2007.


Innovation premium:  58.3%
(Internet retail)
Sales growth:  34.9%
Return:  26.3%
Has more than 20 million products in stock, and thousands of startups depend on its cloud computing services. Founder Jeff Bezos tops Forbes’ list of America’s best CEOs.

4. Red Hat
Innovation premium:  58.1%
Sales growth:  22.6%
Return:  23.9%
Open-source software maker passed $1 billion in revenue last year. Its CEO, Jim Whitehurst, likens open-source to American Idol. Both “are successful because the people choose”.

5. Baidu

Innovation premium:  57.6%
(Computer services)
Sales growth:  73.9%
Return:  50%
China’s leading search engine is also the fifth most visited site in the world.

6. Intuitive Surgical

Innovation premium:  54%
(Medical equipment)
Sales growth:  27.6%
Return:  20.8%
Its ergonomic da Vinci surgical robots allow a doctor to watch a live, high-resolution feed of a patient’s insides and operate through a one- to two-centimetre-wide incision. Some 2,300 of the machines are installed in hospitals worldwide.

7. Rakuten
Innovation premium:  51.5%
(Internet retail)
Sales growth:  18.3%
Return:  25.8%
The world’s No. 3 e-commerce firm owns a big stake in hot social network Pinterest. Its billionaire CEO, Hiroshi Mikitani, has a brash goal: Beat Amazon.

8. Edwards Lifesciences
Innovation premium:  46.9%
(Medical equipment)
Sales growth:  13.1%
Return:  33.7%
Invented the artificial heart valve in 1960. Valve replacements are now one of the most common cardiac surgeries in the US.

9. Larsen & Toubro
Innovation premium:  46.1%
(Engineering services)
Sales growth:  19%
Return:  -0.5%
India’s largest engineering firm builds ships, railroads, highways and bridges. Set to sell Toshiba’s plastics machinery business.

10. ARM Holdings

Innovation premium:  45.4%
Sales growth:  16.9%
Return:  27.3%
Designs the microprocessors in the majority of the world’s smartphones and tablets, and by 2015 may run a quarter of all notebook PCs.

11. Tencent Holdings
Innovation premium:  44.1%
(Computer services)
Sales growth:  55.8%
Return:  53%
Chinese internet and gaming giant bought a minority stake in Epic Games earlier this summer. The Gears of War and Infinity Blade maker is the company’s second US purchase.

12. Hindustan Unilever
Innovation premium:  43.9%
(Household/personal care)
Sales growth:  11.4%
Return:  17%
Enlists poor women and men in rural areas to sell door-to-door, creating the Indian equivalent of an army of Avon ladies.

13. FMC Technologies
Innovation premium:  40.7%
(Oil & Gas Equipment/Services)
Sales growth:  29.8%
Return:  18.4%
Its high-pressure fluid control equipment allows subsea offshore drillers to separate oil, gas, sand and water.

14. Cerner
Innovation premium:  39.2%
(Health care services)
Sales growth:  24.6%
Return:  20.3%
Its servers handle 150 million health care transactions a day, roughly one-third of the patient data for the entire US.

15. Pernod Ricard
Innovation premium:  39%
Sales growth:  7.9%
Return:  4.3%
Owns 36 brands, including icons Absolut and Chivas Regal. In June hosted its second all-hands event to promote moderate drinking.

16. Monsanto
Innovation premium:  38.6%
Sales growth:  18.6%
Return:  8.3%
Produces genetically modified soybean, cotton and corn seed that make their own insecticide.

17. Perrigo
Innovation premium:  38.3%
Sales growth:  15.2%
Return:  38.3%
World’s largest maker of private-label over-the-counter cures also has thriving generic prescription business.

18. Kweichow Moutai

Innovation premium:  37.9%
Sales growth:  56.2%
Return:  18.6%
State-owned enterprise produces a sorghum-based premium hard liquor. Stock up 40-fold from its IPO 11 years ago, with strong sales at home and abroad.

19. Infosys
Innovation premium:  37.7%
(Computer services)
Sales growth:  12.7%
Return:  0.4%
Offers consulting, software development and outsourcing services. Facing probe by Justice Department into visa fraud allegations.

20. Wuliangye Yibin
Innovation premium:  37.6%
Sales growth:  36.5 %
Return:  5.9%
Profits are up 50 percent from a year ago, and the 600-year-old Wuliangye brand will soon have an airport in Yibin City named after it.

21. Starbucks
Innovation premium:  37%
Sales growth:  12.7%
Return:  13.4%
Now has nearly 18,000 stores in 59 countries, including Morocco. Stock up 161 percent since return of CEO Howard Schultz in 2008.

22. Nidec
Innovation premium:  36.1%
(Electrical equipment)
Sales growth:  3.4%
Return:  7.2%
World’s largest hard-disk-drive spindle-motor manufacturer, with 80 percent global market share.

23. Estee Lauder Cos.

Innovation premium:  36%
(Household/personal care)
Sales growth:  10.3%
Return:  26.6%
Its high-end beauty products are virtually recession-proof. Earnings up 25% last quarter.

24. Google
Innovation premium:  35.9%
(Computer services)
Sales growth:  29.5%
Return:  6.2%
Search giant debuted its first tablet, Nexus 7, in July to compete with Kindle and iPad. Continuing to
map every corner of the globe. Acquired Motorola Mobility to advance its ubiquitous Android mobile operating system.

25. Danone
Innovation premium:  35.8%
Sales growth:  7.8%
Return:  0.3%
Reviving yogurt’s origins as a health food and selling it in sleek new rounded plastic pots.

26. Apple
Innovation premium:  35.7%
(Computer hardware)
Sales growth:  48.3%
Return:  39.7%
World’s most valuable company launched the iPhone 5, is expected to launch a new TV set.

27. Procter & Gamble
Innovation premium:  35.3%
(Household/personal care)
Sales growth:  2.3%
Return:  3.5%
Megabrands include Gillette, Cover Girl, Downy. Sold its last food-related brand, Pringles, to Kellogg in February.

28. Essilor International
Innovation premium:  35.2%
(Medical equipment)
Sales growth:  7.7%
Return:  9.5%
Optics titan drives vans across India to bring $5 glasses to the myopic masses.

29. Tata Consultancy Services
Innovation premium:  35.1%
(Computer services)
Sales growth:  19.5%
Return:  14.6%
India’s largest IT services firm added 40,000 employees in the past year and boasts a workforce that’s 32 percent women.

30. Reckitt Benckiser group
Innovation premium:  34.5%
(Household/personal care)
Sales growth:  5.4%
Return:  5%
British firm’s diverse brands include Clearasil, French’s mustard and Durex condoms.

31. Ecolab
Innovation premium:  34.1%
Sales growth:  47.2%
Return:  11.9%
Provides technology and services for clean water and hygiene to the hospitality, food service and health care industries.

32. Keyence
Innovation premium:  34%
Sales growth:  12.1%
Return:  8.5%
Makes sensors, bar code readers, microscopes. New products account for 20 percent of sales.

33. Diageo
Innovation premium:  33.9%
Sales growth:  1.6%
Return:  9.7%
Brands include Johnnie Walker, Ketel One, Guinness. Plans to invest $1.5 billion in scotch whisky production over the next 5 years.

34. L’Oréal
Innovation premium:  33.6%
(Household/personal care)
Sales growth:  4.3%
Return:  4.1%
Registered 613 patents in 2011. Recycles or reuses 96 percent of its waste for energy.

35. Hershey
Innovation premium:  33.2%
Sales growth:  7.1%
Return:  12.4%
118-year-old maker of Almond Joy, Twizzlers; continues to make Kisses in Hershey, Pennsylvannia.

36. Beiersdorf
Innovation premium:  33%
(Household/personal care)
Sales growth:  1.1%
Return:  2.7%
Boasts ultra-modern Hamburg skin research centre with 450 scientists.

37. Colgate-Palmolive
Innovation premium:  32.7%
(Household/personal care)
Sales growth:  5.7%
Return:  12.2%
Its products take care of home, oral hygiene, pets and body odour. Roots date back to early 1800s. Sells in 200 countries.

38. Sun Pharmaceutical Industries
Innovation premium:  32.7%
Sales growth:  34.6%
Return:  22.2%
India’s most valuable drug firm acquired Israeli subsidiary Taro Pharma and named former head of Israel’s Teva as chairman.

39. Citrix Systems
Innovation premium:  32.3%
Sales growth:  18.1%
Return:  19%
Provides tools for networking, desktop virtualisation and cloud computing.

40. Dassault Systèmes
Innovation premium:  31.9%
Sales growth:  9.9%
Return:  12.3%
Its powerful 3D design software used by BMW, Boeing, Ford, Guess, GE and Honda.

41. Technip
Innovation premium:  31.8%
(Oil & gas equipment/services)
Sales growth:  15.9%
Return:  12.4%
Operates fleet of specialised vessels for pipeline installation and subsea construction.

42. Kone
Innovation premium:  31.6%
(Engineering services)
Sales growth:  9.9%
Return:  18.9%
Services more than 850,000 elevators and escalators globally.

43. Fanuc
Innovation premium:  31.1%
(Industrial machinery)
Sales growth:  20.4%
Return:  14%
Reached records in sales and earnings for its factory robots. Seeing strong China demand.

44. Schlumberger
Innovation premium:  31%
(Oil & gas equipment/services)
Sales growth:  23.4%
Return:  -2.1%
Employs 115,000 people in 85 countries.

45. Nintendo

Innovation premium:  31%
Sales growth:  -26.7%
Return:  -21.2%
Its Nintendo 3DS was used in the Louvre as an offciial digital audio guide. Plans to launch New Wii U system later in 2012.

46. Praxair
Innovation premium:  30.7%
Sales growth:  5.8%
Return:  10.4%
Customers use its speciality gases and coatings to preserve food and make computer chips.

47. Synthes3
Innovation premium  30.7%
(Medical equipment)
Sales growth:  7.8%
Return:  8.9%
Makes metal discs that fit into spinal columns. Founder is on Forbes’ billionaires list.

48. Yum! Brands
Innovation premium:  30.3%
Sales growth:  14%
Return:  18.6%
Owns Kentucky Fried Chicken, Taco Bell, Pizza Hut. Has 30,000 stores in 120 nations.

49. CSL
Innovation premium:  29.2%
Sales growth:  -6%
Return:  15.7%
Makes plasma products used to treat infections and autoimmune diseases.

50. General Mills
Innovation premium:  28.8%
Sales growth:  11.9%
Return:  9.9%
Brands include Wheaties, Pillsbury, Green Giant. International sales are 30 percent of total, up from 10 percent in 2002.

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