Finance

2025 Top 100: B.C.’s biggest revenue gainers, ranked by industry

From natural resources to retail and real estate—our annual Top 100 list ranks B.C.’s biggest revenue gainers—and reveals which industries gained ground during a tough year for business.

By BCBusiness /

Despite a tough economic climate in 2024, a few B.C. sectors saw standout growth. Retail and real estate posted big wins, with Lululemon Athletica and Anthem Properties making impressive revenue gains. Crown corporations like BC Housing Management Commission and ICBC also posted strong numbers, buoyed by public demand and stable mandates. But the year’s biggest success story was gold: precious metals producers surged thanks to rising global prices and investor confidence.

Read on for our list of the biggest revenue gainers by industry.

FINANCE

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Insurance Corporation of British Columbia 5,471,703 5,421,304
2 WorkSafeBC 2,714,233 2,617,907
3 PBC Health Benefits Society 2,285,094 2,096,346
4 Canaccord Genuity Group 1,478,805 1,510,397
5 British Columbia Investment Management Corp. 895,549 827,345
6 Raymond James 820,510 c 759,881 c
7 Vancity Credit Union 508,354 489,699
8 Coast Capital Savings Federal Credit Union 482,082 483,736
9 Central 1 Credit Union 302,921 244,350
10 First West Credit Union 270,324 270,718

MANUFACTURING + TRANSPORT

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Finning International 10,096,000 9,543,000
2 Premium Brands Holdings Corp. 6,470,500 6,261,000
3 Methanex Corporation 5,095,422 c 5,025,574 c
4 Mark Anthony Group of Companies 4,520,340 ce 4,700,000 ce
5 Adentra 2,991,997 c 3,022,416 c
6 Arc’teryx Equipment 2,739,600 c 1,948,292 c
7 Doman Building Materials Group 2,663,239 2,491,164
8 South Coast B.C. Transportation Authority 2,616,451 2,626,493
9 Inland Truck & Equipment 1,785,699 1,768,143
10 Teekay Tankers 1,683,944 c 1,841,601 c

SCIENCE + TECHNOLOGY

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Telus Digital 3,640,928 c 3,654,988 c
2 Stemcell Technologies 547,100 522,297
3 Westport Fuel Systems 414,089 c 447,830 c
4 Vecima Networks 291,047 303,437
5 Microserve 258,460 233,451
6 Hive Digital Technologies 152,108 143,188
7 Zymeworks 104,521 c 102,593 c
8 Ballard Power Systems 95,518 c 138,166 c
9 Thinkific Labs 91,697 c 79,705 c
10 East Side Games 83,000 86,978

NATURAL RESOURCES

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Teck Resources 9,065,000 15,011,000
2 West Fraser Timber Co. 8,457,145 c 8,710,964 c
3 First Quantum Minerals 6,577,780 c 8,713,663 c
4 Canfor Corp. 5,252,800 5,426,600
5 Lundin Mining Corp. 4,688,277 4,578,286
6 Pan American Silver 3,861,329 c 3,126,040 c
7 Interfor Corp. 3,023,600 3,315,700
8 Elk Valley Resources 2,994,383 NA
9 Mercer International 2,798,995 c 2,691,091 c
10 B2Gold Corp. 2,605,401 c 2,610,687 c

REAL ESTATE

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 BC Housing Management Commission 2,630,738 2,409,981
2 Anthem Properties 1,300,000 833,600
3 Polygon Family of Companies 754,000 838,000
4 Ventana Construction Corp. 700,000 500,000
5 Concert Properties 525,000 427,000
6 American Hotel Income Properties REIT 351,880 c 378,619 c
7 City Office REIT 234,408 c 241,726 c
8 Wall Financial Corp. 155,203 144,352

RETAIL

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Lululemon Athletica 14,503,614 c 12,983,139 c
2 RB Global 5,868,497 c 4,966,356 c
3 Best Buy Canada 4,595,679 c 4,729,349 c
4 BC Liquor Distribution Branch 3,939,482 3,873,632
5 OpenRoad Auto Group 2,456,368 2,183,072
6 Aritzia 2,332,350 2,195,630
7 Kal Tire 2,100,000 2,100,000
8 The Oppenheimer Group 1,515,000 1,300,000
9 Otter Farm & Home Co-operative 530,016 479,508
10 Cloverdale Paint 505,000 497,909

CHARITIES

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 BC Children’s Hospital Foundation 46,847 140,279
2 VGH & UBC Hospital Foundation 46,390 127,106
3 BC Cancer Foundation 42,585 84,958
4 BC SPCA 39,337 67,107
5 University of British Columbia 35,021 3,731,140
6 Union Gospel Mission 26,418 42,545
7 Power to Change Ministries 21,299 45,232
8 Terry Fox Foundation 21,180 41,034
9 Jewish Federation of Greater Vancouver 15,931 48,748
10 Roman Catholic Archbishop of Vancouver 15,406 34,994

MARKET CAP

Rank Company 2024 Revenue ($000) 2023 Revenue ($000)
1 Wheaton Precious Metals TSX:WPM 50,660
2 Lululemon Athletica NASDAQ:LULU 46,806 c
3 Telus Corp. TSX:T 31,250
4 RB Global TSX:RBA 26,740
5 Teck Resources TSX:TECK 26,550
6 Ivanhoe Mines TSX:IVN 16,530
7 First Quantum Minerals TSX:FM 16,140
8 Pan American Silver TSX:PAAS 13,470
9 Lundin Gold TSX:LUG 10,720
10 Lundin Mining TSX:LUN 10,100

 

BCBusiness

BCBusiness

BCBusiness celebrates the bold ideas, fearless founders, innovative leaders and game-changing companies driving British Columbia’s economy forward. We deliver insightful and impactful storytelling about the power players in B.C.’s business community to a connected audience, all with a deep love of the place we call home.